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Anyone use Morningstar Premium?

Posted on 3/23/12 at 12:26 am
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 3/23/12 at 12:26 am
I've been looking for a good reputable place get info on the market.

It seems pricey but is it worth it? 21 bucks a month and they have year plans that discount it some.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/23/12 at 6:22 am to
Yes, I use it. I am not sure I use it to its fullest extent. I mainly use it to do portfolio analysis. Things like overlap, total portfolio beta and portfolio returns. It also offers analyst reports on stocks which is kinda cool. However, if you are just wanting basic info on stocks, funds or screeners then it is not worth it in my opinion. Good luck.
Posted by greenhead11
Member since Feb 2012
922 posts
Posted on 3/23/12 at 11:07 am to
I too have used it before. I'm not sure we version we had or what we paid for it. It was especially helpful for portfolio analytics and mutual funds but I found in terms of research it did not offer many advantages. If you are a portfolio manager it's definitely not a bad supplemental tool to have.... Capital IQ is pretty legit
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/23/12 at 11:42 am to
You know how much CapIQ costs right?
Posted by AUFanInSoCal
Orange County
Member since Nov 2007
1616 posts
Posted on 3/23/12 at 2:23 pm to
quote:

Yes, I use it. I am not sure I use it to its fullest extent


This. I pay 99 bucks a year.
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 3/23/12 at 2:25 pm to
quote:

This. I pay 99 bucks a year.


How do you like it? Do you feel it's worth it?
Posted by greenhead11
Member since Feb 2012
922 posts
Posted on 3/23/12 at 2:29 pm to
Probably way too much for any retail investor. But I honestly have no idea.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/23/12 at 2:36 pm to
Yeah its like 20k for a single license. Not bloomberg expensive but, you know.
This post was edited on 3/23/12 at 2:37 pm
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/23/12 at 2:46 pm to
quote:

Yeah its like 20k for a single license.



Shiiit. Got dat.
Posted by greenhead11
Member since Feb 2012
922 posts
Posted on 3/23/12 at 6:09 pm to
Wow, I figured it was kind of expensive, but not that much. Do they not have a discounted rate and different interface for retail investors? I don't know what I'd do with out cap iq. Out of curiosity what makes Bloomberg better (or why do they charge more)? More real time stuff?
This post was edited on 3/23/12 at 6:11 pm
Posted by ich1baN
Member since Dec 2010
1812 posts
Posted on 3/23/12 at 10:02 pm to
I think scottrade offers a decent amount of research and data for whatever it costs you in opportunity cost to open an account there.
Posted by Athanatos
Baton Rouge
Member since Sep 2010
8141 posts
Posted on 3/24/12 at 2:50 am to
Bberg is nice but $30k/year. I have bberg and factset and love it but $70k/year+
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 3/24/12 at 11:38 am to
quote:

Bberg is nice but $30k/year. I have bberg and factset and love it but $70k/year+



Dang, you pay 30k for it?
Posted by AUFanInSoCal
Orange County
Member since Nov 2007
1616 posts
Posted on 3/24/12 at 3:08 pm to
quote:

How do you like it? Do you feel it's worth it?


At first.. yes. I used it more as a learning tool.
Now that I've learned I'm an idiot with the market I probably will cancel this year.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/24/12 at 7:02 pm to
I don't know but I kind of doubt it. Bberg's interface is pretty ugly if you ask me, but the level of detail they have on everything is unreal.
Posted by greenhead11
Member since Feb 2012
922 posts
Posted on 3/25/12 at 1:01 am to
Well I wouldn't exactly call Cap IQ's interface pretty. For way less money, any online broker has a more aesthetically pleasing interface or Morningstar premium. I do love how Cap IQ does have all kinds of historical data which you can plot anything against anything on the chart and download data straight to excel for analysis.
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