January 10, 2014 - 11:29 — KentPalmer

Many market prognosticators find in the advent of each new year another reason for sharing their predictions of market performance - which stocks to buy and which mutual funds will beat the average, etc.  These predictions can be found on television programs focused on Wall Street markets, in financial publications and on the web.  It is usually not a good idea to pay attention to too much of that.  Most predictions are wrong, and if they end up being right, it is generally from luck and not necessarily due to special insights of the prognosticator.

It is a much better investing approach to acquire some basic understanding of financial markets and to develop personal investing rules to follow and then stick to them until proven faulty by real experience.  Of course, there are many good resources in the library’s collection to learn about investing in stocks, bonds, mutual funds or exchange traded funds (ETFs).  To suggest a few titles, let’s begin with these.

The Aftershock InvestorFixed Income InvestmentsRight Financial PlanThe Art of Investing and Portfolio Management5 Years Before You Retire

 

The library offers several other very solid and trustworthy resources through which many investors gather their performance history and investment guidance information.  The Value Line Investment Survey is a print resource that has supported individual as well as professional investors for decades.  This tool is available in print for use in the library at both the Nichols Library and at the 95th Street Library locations.

Naperville Library cardholders can also access several excellent online resources through the library’s web page.  Three such resources include the Morningstar Investment Research Center, S&P Capital IQ’s NetAdvantage and Value Line.  These online resources offer access to extensive market research on industries and companies and provide up-to-date data on the thousands of securities available in the U.S. investment markets.  Each of these online resources also offers tools for selecting investments, creating an asset allocation mix, tracking performance and managing a personal portfolio of investments.  To gain access to these databases, simply click on the Resources Tab at the top of this webpage.

The library has arranged two excellent workshops this winter that offer instruction on how to use two of these databases, NetAdvantage and the Morningstar Investment Research Center.  Participants will learn some of the basics of investing and specifically how to use the many tools and resources available to individuals that can be used to manage a portfolio without the intercession of an investment advisor.  Some investors like to use these tools to manage their own investment portfolios and others like to use these tools to verify the information provided by their advisor.  In any event, please join us at one or both of these workshops.

INVESTING WORKSHOP #1
S&P CAPITAL IQ’S NETADVANTAGE
The Nichols Library Community Room

Tuesday, January 14, 2014, 6:30 – 8:30 p.m.

Dan Sovocool, Director of Sales – Government & University
Learn from a Wall Street veteran how to use Standard & Poor’s Capital IQ's NetAdvantage, an online investment management resource available at Naperville Public Library.  Make more informed investing and business decisions.  Access independent detailed company and industry profiles for investing or general research purposes.

INVESTING WORKSHOP #2
MORNINGSTAR INVESTMENT RESEARCH CENTER
The Nichols Library Community Room
Thursday, February 25, 2014, 6:30 – 8:30 p.m.

This comprehensive review of the Morningstar Investment Research Center, an online resource at NPL, will inform any investor.  Learn how to access dozens of professional level online courses to enhance investing knowledge.   Learn how to access and use investing tools such as stock or fund screeners to make selections, the portfolio x-ray to evaluate and balance asset allocations, and professional analysts’ reports on companies and funds.