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.
Excerpts: The Young Investor 2nd Ed. A Letter to Parents and GrandparentsOr WHY I WROTE THIS BOOK
In 1996, when my oldest grandchild turned 10—or “moved into double digits,” as she said—I made plans to give money to each of my grandchildren when they reached their teenage years. I wanted to teach them a respect for money and how to invest it, but most of all I wanted them to be comfortable with money and investing concepts. I wanted them to know what people were talking about when they discussed emerging markets, rising interest rates, or consumer spending. I wanted them to be fluent in the language of business.That summer I began to jot down notes to include in a short set of guidelines. My notes expanded over time as I realized that there was more to tell than the actual investment process. I needed to teach them about savings, but I also needed to discuss the concept of money. I wanted my grandchildren to understand some basic things about the economy, to become familiar with terms like inflation and recession and government agencies such as the Board of Governors of the Federal Reserve. I wanted them to know how and why major weather events affect investments. I wanted them to know how to read the stock tables in the Wall Street Journal or the New York Times or online.My notes continued to grow. By this time I also had a set of cards with definitions. I’ve always appreciated glossaries, so I decided I would give my grandkids one too, as well as phone numbers and Web addresses so they could have additional resources at their fingertips. When it was all done, I had a lengthy set of guidelines and a huge pile of scratch-paper notes that totaled a book’s worth of material. In the process of thinking through and collecting this material, I talked to my friends about what I was doing for my grandchildren. Their response was always the same: “When you get the book done, will you give me copies for my kids and one for me? I need to learn about it, too.” That’s how this book was created.I have written for children of that in-between—or “tween”—age. That’s the tone. The data is ageless. The Young Investor provides guidance on various types of savings plans and explains the difference between compound and simple interest. I describe Wall Street, the Dow Jones Industrial Average, and the economy. I teach young investors how to read stock and mutual fund tables.
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The book The Young Investor: Projects and Activities for Making Your Money Grow by Katherine R Bateman
(author) is published or distributed by Independent Publishers Group [1569768048-BEPDF, 9781569768044-BEPDF].
This particular edition was published on or around 2010-10-1 date.
The Young Investor: Projects and Activities for Making Your Money Grow is available for use in eBook binding.
This book by Katherine R Bateman
is written in English language.
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