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Better Than Google

Many of you savvy investors out there are familiar with Value Line, but how many of you are aware how it began?   Did you know that the real bottom dropped out of the stock market, not in the intial crash of 1929, but in 1932, when stocks were worth only 10% of their pre-crash value?  A young employee of Moody's at the time, was horrifed that his mother's entire nest egg was wipedout, and soon he was out of a job. Noting that there was no system for rating stocks, he decided to work on his theory of value line rating. This young man, Arnold Bernhard, decided to "find and disclose a standard of normal value which would so enlighten the investing public that the extremes of 1929 and 1932 could never again be repeated."  Thus, Value Line was born. Value Line is available through our database page, and has proved immensely popular with our patrons.  It is easy to use and includes all the great features, and more, that has made Value Line the gold standard for today's investors.

Another trusted source for smart investors is Morningstar Investment Research Center.  This versatile company gives sage advice on stocks, mutual funds, ETFs and markets.  A rookie, compared to value Line, it was started in 1984 by Joe Manuseto.  Inspired by Warren Buffett's example, he became a stock analyst, but realized he wanted to bring rigorous analysis to mutual funds.  Thus, Morningstar was born. Like its sister database, Value Line, is easy to use and contains loads of timely business information.

New City Library subscribes to both databases.  We formerly had each in print, but found that on-line is faster and more convenient than print. Not to mention both are accessible remotely.  In fact,  Morningstar no longer even offers a print version. Since both databases are pricey for the individual, we are pleased to be able to offer them to our patrons through our website's database page.

 Is there a difference between the two products? Which should be trusted? Some people use Value Line for stocks, and Morningstar for mutual funds, since that is what each started with before they branched out into each other's territories. However, why not check with both services?  It is like getting a second opinion from another doctor, and it couldn't hurt.

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