Help Your Child Build Wealth
Description
Build a better future for yourself and your children by making the stock market work for your family
In Help Your Child Build Wealth: A Parent's Guide to Teaching Children To Be Successful Investors, bestselling author and investing educator Michael Sincere delivers an exciting and illuminating new take on the stock market. Perfect for rookie investors with children, this book explains exactly how you can get started as a long-term investor using index funds, ETFs, and individual stocks. You'll also discover how you can teach your kids about investing in a way that gets them excited about building wealth for their futures.
In the book, the author walks you through what the stock market is, how to open a brokerage account, how much cash you'll need to get started, and how you can protect yourself and manage risk through diversification. You'll also find out:
- About new and interesting ideas such as a 529 or custodial plan and their proper place in a well-managed portfolio
- What the difference is between “active” and “passive” investing and which path is right for you
- How you can find stocks that perform well over the long-term and how you can use compound interest and dollar-cost averaging to multiply your profits
- Learn about the best investing apps and how to use them with your children
An essential and easy-to-read financial guide for young parents looking to introduce their families to the stock market, Help Your Child Build Wealth is your (and your children's) ticket to a brighter and more prosperous future.
Introduction 1
Part I Build Wealth with Index Funds 9
Chapter 1 Investing 101 11
Chapter 2 The Brokerage Account 19
Chapter 3 Invest in Index Funds 29
Chapter 4 INDEX ETFs AND MUTUAL FUNDS 43
Chapter 5 Strategies, Rules, and Risks 57
Chapter 6 529 Plan, Roth Ira, and Ugma 71
Part II Build Wealth with Stocks 87
Chapter 7 Find Winning Stocks 89
Chapter 8 How the Experts Find Winners 105
Chapter 9Analyzing Stocks 115
Chapter 10 Buying and Selling 125
Chapter 11 Traps and Pitfalls 137
Chapter 12 Outside- The- Box Investing 153
Closing Comments 173
Glossary: Understandable Definitions 177
Appendix: Useful Websites and Apps 197
Acknowledgments 199
About the Author 201
Index 203
Michael Sincere is a full-time nonfiction finance author with two bestselling books under his belt. His work has been translated into thirteen languages. Sincere is also a featured columnist for MarketWatch and Equities.com.
Make the stock market work for you and your kids
In Help Your Child Build Wealth: A Parent’s Guide to Teaching Children to Be Successful Investors, finance educator and bestselling author Michael Sincere delivers a fun and easy-to-read guide for busy parents who want to teach their children how to build lasting wealth over their entire lives. The author explains how to use simple, low-risk investment strategies in the stock market to build a nest egg with both self-directed and managed accounts.
You’ll learn what the stock market is, how to open a brokerage account, how much money you’ll need to get started, how to manage risk with diversification, and the fundamentals of new, alternative investments, including digital currencies. Sincere also explains exactly how you can get started in the market with index funds, and how you can get your kids excited about beginning to invest in their futures.
The perfect financial roadmap for novice investors and their children, Help Your Child Build Wealth is a hands-on, jargon-free explanation of the stock market and the low-risk strategies you need to make it work for you and your family.
“This is a wonderful book about stock market investing. I highly recommend it to readers of my syndicated financial column – for both young children and interested adults. Everything you need to know to get started and remain successful in stock market investing is in this book. And that's The Savage Truth!” –Terry Savage, Nationally Syndicated Financial Columnist
“Readers of all ages will enjoy reading Mike Sincere’s Help Your Child Build Wealth. Mike introduces his readers to the stock market by taking them down an easy-to-understand path that explains why it’s important to invest in the market, how to open a stock brokerage account, how to build wealth with index funds, and how to profit from stocks. He explains key strategies for investing, as well of warning of risks to avoid. Mike is a best-selling author, trader, and educator, and he is a top-notch guide to lead children (and you!) through the halls of the stock market.” –Toni Turner, author of A Beginner’s Guide to Day Trading Online, Second Edition
“Michael Sincere’s latest book, Help Your Child Build Wealth, is his best book yet as it extends investor education to the full spectrum of the population, meaning it trickles down to teens and tweens. This book is just the kind of gentle, pragmatic approach that parents need to connect with their children to give them a head start on taking control of their financial future.” –Jeffrey Bierman, CMT, Professor of Finance at Loyola University Chicago Quinlan School of Business; Founder & Chief Market Strategist at TheQuantGuy.com
PUBLISHER:
Wiley
ISBN-13:
9781394257232
BINDING:
Paperback
BISAC:
FAMILY & RELATIONSHIPS
BOOK DIMENSIONS:
Dimensions: 147.30(W) x Dimensions: 223.50(H) x Dimensions: 22.90(D)
AUDIENCE TYPE:
General/Adult
LANGUAGE:
English