Morningstar's premium subscription offers various pricing plans, with costs ranging from $29.95 per month for a monthly plan to as low as $149.67 per year when opting for a three-year subscription. The exact cost depends on the length of the subscription you choose.
Morningstar Premium provides investors with in-depth research, ratings, and tools to make informed decisions about stocks, funds, and ETFs. Opting for longer subscription periods can significantly reduce the annual cost, offering better value for long-term users.
Morningstar Premium Subscription Plans and Pricing
Morningstar offers flexible pricing options designed to suit different needs, from short-term access to long-term commitment savings. Here’s a detailed breakdown of the costs:
| Plan | Total Cost | Equivalent Annual Cost |
|---|---|---|
| Monthly | $29.95 | $359.40 |
| Annual | $199 | $199 |
| Two-Year | $349 | $174.50 |
| Three-Year | $449 | $149.67 |
Understanding the Cost Savings
As illustrated in the table, committing to a longer subscription period provides substantial savings:
- Monthly Plan: Ideal for those who need short-term access or want to test the service without a long commitment. However, it is the most expensive option on an annualized basis.
- Annual Plan: This is a popular choice, offering a significant discount compared to the monthly rate. You save nearly 45% annually compared to paying month-to-month.
- Two-Year Plan: This option further reduces your effective annual cost. Over two years, your average yearly expense drops even more, making it an attractive middle-ground for dedicated users.
- Three-Year Plan: This offers the lowest annual equivalent cost, providing the most significant savings for long-term investors committed to using Morningstar's comprehensive research and tools. This plan can save you over 58% annually compared to the monthly option.
Choosing the right plan depends on your investment needs and how frequently you plan to utilize Morningstar's in-depth analysis and portfolio management tools.
