Book description
Teen investors have powerful advantages over the rest of us. Many are
whizzes at financial research on the Internet. They
'
re quick to master online stock trading. According to an August 2000
Wall Street Journal
article, today more young Americans own investments than ever before,
with 35 percent of eighth through twelfth graders owning stock or bonds,
usually in a parent'
s name, while about one-fifth own mutual funds. Often these teenage
investors have amassed substantial nest eggs-
even before they'
ve finished high school. Although teen investors need adult cosigners
for their brokerage and mutual fund custodial accounts, it'
s not unusual for them to be the driving force behind their parents'
and relatives'
investment decisions.
Now teens have another leg up-
a book that explains the successes and investment strategies of
real-life teen investors, along with the wisdom of Wall Street pros, and
tips on how to make the most of the Web. The popularity of stock-picking
contests and high school investment clubs-
along with successful marketing vehicles, such as Stein Roe'
s Young Investors Fund-
have created a growing demand for investment information focused on
teens, written for teens. Street Wise
provides exactly what they want. Janet Bamford
has specialized in personal finance reporting for more than fifteen
years. Formerly with Forbes
and American Lawyer
, she was senior editor at Bloomberg Personal Finance
and a coauthor of The Consumer Reports Money Book
. Bamford has written for Business Week, Investor's Business Daily,
Smart Money, Worth,
and Family Business.
She is also the author of Smarter Insurance Solutions
.
