The Young Investor: Projects and Activities for Making Your Money Grow - Softcover

Bateman, Katherine R.

Softcover

ISBN 10: 1569765464 ISBN 13: 9781569765463

Publisher: Chicago Review Press, 2010

Synopsis

Explaining the language of finance and the skill of investing, this guide gives kids an early start at making their money grow. The book explains the general concept of money and demonstrates how saving works based on the concepts of simple and compound interest. Children then learn where Wall Street is located, 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 projects illustrate how to balance a checkbook, read a stock table, and understand common financial terms such as inflation, recession, and the Federal Reserve Board. This updated edition details the current financial environment, including what is meant by a global economy, economic clues for recovery, and a special section on what mortgages are and how they work. Updated resources for further information online are also included.

About this title

About the Author

Katherine R. Bateman was the vice president and senior research analyst at John Nuveen & Co., a major investment firm in Chicago. She is the author of Kentucky Clay: Eleven Generations of a Southern Dynasty.

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.

About this edition

• Publisher: Chicago Review Press
• Publication date: 2010
• ISBN 10: 1569765464
• ISBN 13: 9781569765463
• Binding: Paperback
• Edition number: 2
• Number of pages: 144