Modu, Emmanuel & Walker, Andrea. Teenvestor; the practical investment guide for teens and their parents - Book Review

Kliatt, May, 2002 by Linda Piwowarczyk

Penguin Putnam, Perigee. 300p. index. c2001. 0-399-52760-5. $12.95. JS

TeenVestor is a valuable asset to public, personal, and both middle and high school libraries. The complexities of the investment world are simply explained using illustrations from common experience. References to the Teenvestor Web site are included throughout the book for further information. An extensive index can be found at the back of the book along with listings of the Teenvestor Top Ten Web sites for further investment education, investment research, and current company information, as well as recommended online brokers.

The tone of this book is encouraging and beginner friendly. The authors bring their professional backgrounds from banking, investment, and law to this comprehensible yet comprehensive guide to investment. Teens contemplating investing can find explanations of common investment terms and how certain factors affect the economy and the stock market. Discussions on mutual funds, stock evaluations, and accounting practices are also among the many areas covered.

Separate introductions, one for teenagers and one for their parents, begin this guide. Though targeting teenagers, a chapter on tax-friendly investments and another on helping teens to manage their money are offered for parents. Linda Piwowarczyk, Romeoville, IL