Morningstar is one of the most respected financial research firm and it offers a free and premium membership for regular investors like us who want up to date, honest and comprehensive research news and tools. Here’s a review that takes a look at the free vs premium membership that Morningstar offers to see which one is for you.
Morningstar Free Membership
As I’ve mentioned before, I’m less concerned with the research that the stock brokers provide because I’m a member of the Morningstar program. With the free service, I can research on any fund, stocks as well as read up on what other people think about the investments by going through the articles and message boards that Morningstar provides. There’s also a basic portfolio manager that comes with the free membership, so if you want to have a play portfolio to test out your strategies, you can use that as well.
For something that’s free, the services are actually quite good.
Morningstar Premium Membership
Of course, Morningstar would like you to pay for its premium membership but what’s in it for us? Here are a few features:
Advanced Analyst Research
You know all those analyst research reports that people talk about but you never see on the web? A bunch of them comes from Morningstar. With the premium membership, you get access to the research report on the stocks and funds that you are interested in so you can trade and invest like the professionals.
The X-ray portfolio is actually extremely useful in diversification because it allows you to figure out not only the sectors that you are invested in but geographical information as well. In fact, Barron’s named it “Best of the Web” five years in a row.
Some of you may be familiar with Morningstar’s rating system for your 401k funds. With the premium membership, you get access to this for every fund as well as stocks so you can just invest in the ones that are graded the highest.
Free vs Premium Membership
Signing up for one of the memberships is a no-brainer, but why would you want to pay?
Why Free Membership
If you are skeptical about the tools outlined, you may want to just sign up for the free membership to try it out before you look into the premium membership at a later date. It’s free and I must say that it’s helped make me tons of money so there’s no reason not to sign up (Click here to do so).
Why Premium Membership
The x-ray portfolio is amazing but I really like the grading systems that they have. While I won’t exclusively invest based on their rating system, it doesn’t hurt to get another confirmation that the stock I like is a buy. Right now, they are also offering potential customers a 14-day free trial, so why not give it a spin?
- Morningstar – Official Site