Review of: Stock Market Pie
I’m always on the look out for books to use in my Grandma Rie’s Money Camp and this one fits the bill.
When my first Grandson was 8, I gave him a share of stock – framed so he could hang it on his wall. My Granddaughter is approaching 8 this year, so for Christmas, she will be getting a share of stock as well.
Read about one of the few places you can still get real paper stock certificates in my post How to Teach Your Kid About the Stock Market.
Stock Market Pie….Grandma Helps Emily Make a Million by J.M. Seymour will be helpful in prepping her, and reminding him, to understand stocks.
Summary
Stock Market Pie is a picture book with big ideas and grown up concept teaching. It is a blend of factual information about the market and a story about Grandma and Emily making pies.
Grandma came to town for Emily’s 10th birthday. She brought Emily a share of stock as a gift – and a bag of apples to share in a pie.
As they peel apples and roll out dough for the pies, Grandma explains about stock to Emily. There are insets on each page to delve into details, such as ‘What is a stock’ or ‘What is a split’.
What I liked.
Seymour presents the information in such a way that it will be applicable and interesting to a span of ages. My 8 year old will enjoy the pictures and the story line, while the 11 year old will get more out of the inset information.
There is a nice glossary in the back of the book as well.
What I wished for.
The book was copyrighted in 2002 and refers to older technology – primarily newspapers showing the stock prices. I wish it could be updated to refer to more recent methods of getting information about the market.
Favorite quotes.
“Hey Grandma, my company on the stock market could be this pie. Everyone can get a piece but no one gets it all.
Exactly, Grandma smiled, and she continued to cut apples into wedges. Everyone could have different kinds of pie. That’s why pies come in many flavors. No two pies are alike, and neither are companies. Some pies are very popular, so many people want those pieces. Usually these companies have been around a long time and everyone knows about them. People trust they will be good investments.” p 10
“A stock has no set price, since supply and demand make it rise and fall. The buyer’s representative and sellers representative must reach a price agreement. During regular hours, it often takes just a few minutes to complete a market order.” inset on p.16
