Features
- Reading level: Ages 9-12
- Cover Type: Paperback with 144 pages
- Published by: Chicago Review Press November 1, 2001
- Written in: English
- ISBN 10 Number: 1556523963
- ISBN 13 Number: 978-1556523960
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Book Dimensions:
9.8 x 6.8 x 0.4 inches
- Weighs: 7.2 ounces
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 great 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, WACopyright 2002 Cahners Business Information, Inc.
Reader ReviewsMaybe 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!
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