Growing Money: A Complete (and Completely Updated!) Investing Guide for Kids
by Gail Karlitz, Debbie Honig
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Book Summary Information
Author: Debbie Honig, Gail KarlitzIllustrator: Stephen Lewis
Edition: Mass Market Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2001-11-12
ISBN: 0843177020
Number of pages: 122
Publisher: Price Stern Sloan
Book Reviews of Growing Money: A Complete (and Completely Updated!) Investing Guide for Kids
Book Review: The Last Chapter is Key to Succcess...
Summary: 5 Stars
The larger font size implies this book should be for ages eight to around twelve. If you purchase it for ages older than that, my guess is the child will feel like the book is too young for them. That is not to say that teenagers and adults cannot benefit from the information inside. This is a great investment book to begin understanding terms relating to different types of investments.
I like that special attention is given to the word investor itself, describing it as anyone who uses their money to make money. Thus, owning a simple savings account would make you an investor. I think children will be proud to be able to claim, "I am an investor!" Responsibility and financial money management will sneak in as part of the learning package and children will be well on their way to a successful financial future.
There are quizzes and trivia facts throughout the book which make it fun and maintain children's interest. The book goes into detail explaining stocks, mutual funds, and bonds, addresses the fact that personality plays a role in investing, discusses how everyone has a different investment style, what sets a stock price, the bulls and the bears, and more.
The last chapter challenges children to play an investment game. Children pretend they have $10,000 with the objective being to make as much as they can in six months. Charts are provided for tracking stocks and a portfolio value. I hope parents or teachers actually take the time to complete this last part with their children as nothing beats hands on experience.
Summary of Growing Money: A Complete (and Completely Updated!) Investing Guide for Kids
This newly updated edition of Growing Money answers every question a budding investor might ask: How do you read stock pages? What's the difference between stocks and bonds? Why do stocks go up and down? How can I keep track of investments? Can kids invest?There has never been a time when the world of finance has been so much a part of kids' daily lives. Today's kids want to know everything about money-especially how to make it grow. This completely updated guide explains savings accounts, bonds, stocks, and even mutual funds! Included are fun quizzes to reveal a young investor's risk tolerance, stories of success and failure, a behind-the-scenes look at the New York Stock Exchange, and best of all, an imaginary fund of dollars to invest, along with suggestions for selecting companies compatible with kids' values. New to this edition are chapters on financial responsibility, true-life tales of other kid investors, and step-by-step instructions of just how to buy stocks. Tell your parents-investing isn't only for grown-ups anymore!
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