ANNOTATION

Explains different types of investing--savings accounts, bonds, stocks, and mutual funds--and provides information to help make decisions on each kind of investment.

FROM THE PUBLISHER

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!

FROM THE CRITICS

Children's Literature - Jeanne K. Pettenati

Interest, dividends, treasury bonds, portfolio, mutual funds...the complicated world of investing unfolds in a meaningful and stimulating way in this book. Young minds learn plenty of practical information about high finance in an accessible format. Kids learn what different investments mean, how to read the financial pages, and take a test to determine what type of investors they are. Readers also develop a mock portfolio with $10,000 to track over time. This valuable book gives kids a window into a complicated world and teaches them the importance of saving and investing for the future. What a great resource for individual libraries and classrooms alike.

School Library Journal

Gr 4-8-A clear explanation of the theory behind investing and compound interest. Related terms are introduced and defined throughout the volume and anecdotes citing companies familiar to children (e.g., Kellogg's, IBM, Coca-Cola) often illustrate principles. One chapter is devoted to deciphering a financial page in a newspaper. Sample forms illustrate how to record income, withdrawals, and savings, and quizzes measure knowledge and risk tolerance. Black-and-white cartoons and several charts accompany the text. This useful how-to book is the next step for readers of Neale S. Godfrey's Ultimate Kid's Money Book (S & S, 1998) and Betsy Maestro's The Story of Money (Clarion, 1993). Librarians and teachers will want to recommend it to budding entrepreneurs and children who spend money as fast as they earn it.-Kathleen A. Nester, Downingtown High Ninth Grade Center, PA Copyright 1999 Cahners Business Information.

Parent Council

Children definitely need to learn about money. While this book does not discuss how you get money, it does do a complete job of introducing how to save and invest money. Ten chapters move from the elementary "Where Do You Keep Your Money?" and practical "The Lowdown on Saving Banks," to the advanced "Stocks: The Financial Supermarkets" and on to a stretch "Reading the Financial Pages." Simple presentations of complex topics are enhanced by appropriate, helpful, and sometimes amusing black and white illustrations. --The Parent Council