Product Description

A young person who saves $2,000 each year between the ages of 9 and 14, at an interest rate of 9 percent, will have one million dollars at age 65. And that is just by saving! This guide explains the language of business and the skill of investing, so that children can grow up business-literate and get an early start at making their money grow. The concepts of money and simple and compound interest show how saving works; then children learn where Wall Street is, what stocks and bonds do, and, with the help of an adult, the right way to buy or sell a stock, mutual fund, or savings bond. Dozens of activities teach how to balance a checkbook, read stock tables, and know what people are talking about when they mention inflation, recession, and the Federal Reserve Board.

Product Details

• Amazon Sales Rank: #47343 in Books
• Published on: 2001-11-01
• Original language: English
• Number of items: 1
• Binding: Paperback
• 123 pages

Features

• ISBN13: 9781556523960
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

From Publishers Weekly
A grandmother realizes her goal to give her grandchildren money and teach them the "language of business" in The Young Investor: Projects and Activities for Making Your Money Grow by Katherine Bateman. Here, Bateman, a former vice president of a major investment firm, translates five years' worth of research about saving, investing, the economy and the stock market and translates it into language that "tweens" and financially challenged adults can understand. A glossary, bibliography, Web sites and phone numbers are also included.

Copyright 2002 Cahners Business Information, Inc.

From School Library Journal
Grades 6-9--Starting with homey stories and personal examples, Bateman demonstrates how to learn about investments from everyday experiences. Using current examples such as CD boom boxes but without fancy graphics, she explains the "money circle," an excellent way to characterize the circulation of wealth; mentions bank accounts; and then provides a concise summary of savings vehicles, including an account of the "magic" of compound interest, illustrated by a table and a story of a successful young investor. As Bateman covers broader and deeper topics such as risk-tolerance, stock reports, and macroeconomics, she follows the same pattern in each chapter. Constantly referring to points made earlier, the author provides plenty of opportunity for review and concludes each chapter with another account of the young investor's story-he ends up with his own land and hopes for a house on it. She advises readers to stick with investments they can easily evaluate themselves. Most of the Web sites recommended are authoritative and helpful, just like the text. However, the shelves are getting pretty crowded. Janet Bamford's Street Wise: A Guide for Teen Investors (Bloomberg, 2000), Jay Liebowitz's Wall Street Wizard: Sound Ideas from a Savvy Teen Investor (S & S, 2000), Gail Karlitz and Debbie Honig's Growing Money (Price Stern Sloan, 1999; o.p.), and Neale S. Godfrey's Ultimate Kids' Money Book (S & S, 1998) all cover much of the same ground. Less sophisticated in its writing, this one may appeal more to those who appreciate plain-spoken language.

Jonathan Betz-Zall, City University Library, Everett, WA

Copyright 2002 Cahners Business Information, Inc.

From Booklist
Gr. 8-up. Although meant for young people, this book will appeal to anyone looking for a basic manual on investment strategies and terms, or a broad overview of how the economy works. Adopting the tone of a wise and practical grandmother (one who might wear a single strand of pearls and have tea at the Four Seasons), Bateman demystifies stock tables and makes the concepts of macro and microeconomics seem rather cozy. A few of her assertions can be quibbled with: she writes that savings and loans have higher interest rates than banks, which is not always true. Still, Bateman offers a condensed yet comprehensive view of investing. Intermittent stories about Billy Ray Fawns, a young go-getter from the small town of Mt. Sterling, Kentucky, give the book a practical, down-to-earth flavor, proving that it is never too early to learn how to handle money. A glossary is appended. Todd Morning
Copyright © American Library Association. All rights reserved

Customer Reviews

Great for kids, or adults new to investing!
Maybe it's just me, but all I ever learned about money growing up was that it should be earned from a job and saved in a bank. This is what most parents teach, because it's what most parents know. And so as a twentysomething college graduate, I have learned more from this book than from any other financial advice book that I've ever read. Most books made for adults start from where the authors believe we adults "should" already be: semi-knowledgeable about money and investment basics and simply in need of more detailed advice. Those types of books always confused me with their jargon and concepts, even when I was a business major in college. This book takes a wide range of topics including basic economics, stock/bond/mutual fund investments, banking, and budgeting and makes it all, well, easy enough for a kid to understand. In doing that, it also serves as a good resource for adults who are true beginners in money management and investing. I wish that I had received this information as a kid, but I think that by reading this book I now know more about money than my parents and plenty of adults ever will. If you are a parent, this is a great way to start your kid on a path to financial literacy. If you are an adult who, like me, was often intimidated and overwhelmed by the world of personal finance, give this book a try to build your confidence and become familiar with various concepts. I don't think that you will find any book intended for adults so willing to break things down the way a children's book does. The funny thing is, most kids that read this book will end up knowing more about money than most adults!

Really good book
I agree with the previous reviewer, this book is a great book for kids and it's also great for newbie adults too. I've read at least a dozen investment books and some just give you lots of data (that you don't really care about/understand) and others don't leave you with steps or anything that you can apply in a practical way. I found this book easy to read and if I had a kid I would sit and read it with him/her. Currently, I recommend this book to my friends who are also starting to invest/take control of their finances.

Great Book for Teens to Adults
This is a great book that I bought for 13 & 16 yr olds, but I learned stuff too! The back of the book says it's for ages 9 & up, but I don't believe there's a 9 yr old on the planet that is ready or willing to delve in the intricacies of mutual funds and compound interest. Otherwise, I think the info is presented in clear-speak without being condescending and I wish I had received such a book as a teenager. Highly recommend it.