YOUNG INVESTOR'S GUIDE TO THE STOCK MARKET by Murray Hoyt

YOUNG INVESTOR'S GUIDE TO THE STOCK MARKET

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KIRKUS REVIEW

For the enterprising kid with a little spare change, an overweening capitalist urge, an encouraging or at least tolerant guardian, and a lot of moxie. Hoyt, a freelancer and sometime marketeer, steers him or her (why not?) through the whole investment process from start to capital gains via the fictitious United Overshoe Corporation, defining all those in-terms like glamour issue and odd lot as he goes. And sometimes the going does get rather rough -- it's difficult to picture any but the most persistent youngster hanging on through ""Dollar cost averaging is not a way to get rich quick in the stock market; it's an investment technique to smooth out the peaks and the valleys."" Moreover, now and then Hoyt bottoms out, for instance when he fails to mention the shortcomings of the SEC's regulatory apparatus or casually advises that ""Most brokerage houses are glad to accept any size account"" (an odd lot teenager?). Limited market.

Pub Date: Oct. 9th, 1972
Publisher: Lippincott