The Beginning Investor. A Savings and Investment Guide for Savvy Kids
Original title: Growing Money: A Complete Investing Guide for Kids
Authors: Gail Karlitz and Debbie Honig
Publisher: Mann, Ivanov & Ferber, 2014.
Read the book "The Beginning Investor"
A simple book on the basics of financial literacy
"You shouldn't keep money at home. You have to constantly fight the temptation to spend it, and prices will only go up. The longer you keep your money, the more it depreciates.
But wait! Don't rush to spend it immediately to avoid these problems. There are plenty of ways to save money, and in ways that will increase your savings even if you don't add a penny to it. You can make your money bring you more money. You become an investor..."
The book details the basic principles of investing, in an accessible form for children ages 8 to 14. The authors explain in detail the essence and principles of savings accounts, bonds, mutual funds, and other investment instruments.
The book is intended primarily for children and parents who want to teach them the basics of financial literacy.
The book tells about finance, investing, and economics in general in a fascinating way. A beginning investor should know not only the basic principles of working with financial instruments, but also know their practical side. Especially for this purpose the authors in the last chapter of the book offer to play an investment game, where the player needs, using the material of the book, to choose real existing instruments for investment, buy them at the current market price, and after a certain period of time to see what results it has led to.