This post is going to be a quick one.

Here at Moneyshire we are always talking about approaching the market with an investors mentality. With that being said, we don’t usually recommend nor encourage day trading or “flipping” stocks for a quick profit. We believe that true wealth comes over time by having consistent behaviors that allow you to accumulate assets in financial vehicles that help mitigate risk and appreciate in ways that maximize tax advantages. (Phew, what a mouthful…)
So when it comes times to select which funds to hold, there is a free and simple tool provided by FINRA that helps analyze each fund. The main statistics to look at are the fund objective, Morningstar category, and expenses. These three metrics will help you identify which funds belong on your portfolio.
Check out the analyzer here!
Now, there are a lot of caveats to this post so follow the links below to learn more.
What is the difference between active and passive funds?
Understanding investment objectives.
Understanding Morningstar ratings and categories.