A basic key in teaching financial literacy is to encourage kids to become involved in the saving process to reach their goals.
Wheaton, IL (PRWEB) February 24, 2009
The Monetta Young Investor Fund (http://www.younginvestorfund.com, NASDAQ: MYIFX) has established a partnership with Kidnexions (http://www.kidnexions.com), which offers a kids savings and money management software program, called KidsSave. The software is designed to help kids keep track of their money and encourage saving through reward incentives. Shareholders currently invested in the Monetta Young Investor Fund are eligible to receive a 45% discount for the KidsSave software program.
"The KidsSave software program is a great way for kids to have fun tracking their savings," says Bob Bacarella, Monetta's president. "A basic key in teaching financial literacy is to encourage kids to become involved in the saving process to reach their goals."
Kidnexions was founded on the idea that kids learn best when engaged in interesting and relevant activities that are connected to their everyday lives. The co-founders of Kidnexions are John and Karyn Hodgens. Karyn Hodgens resume includes a B.A. in Child Development and a Masters of Arts in Education, with a specialization in Elementary Mathematics. With a B.S. in Electrical Engineering, John Hodgens is presently employed as a software engineer.
The Monetta Young Investor Fund is a no-load mutual fund designed to get kids involved in the investment process with an innovative portfolio structure, a financial literacy program and tuition credits that may be applied at over 225 colleges nationwide. The minimum investment is $100, with the establishment of a $25 monthly automatic investment plan.*
For more information on KidsSave software, please visit http://www.kidnexions.com or for more information on the Monetta Young Investor Fund, please visit http://www.younginvestorfund.com or call 1-866-YNG-INVESTOR (964-4683).
*An Automatic Investment Plan does not assure, and does not protect against, a loss in declining markets. Such a plan involves continuous investment in securities regardless of fluctuating price levels and investors should consider their financial ability to continue purchases through periods of low price levels.
Monetta Financial Services, Inc. is the investment advisor to the Monetta No-Load Mutual Funds. It is the sponsor of a college saving program that includes college Tuition Rewards/Credits, student scholarships, financial literacy program and incentive driven college savings plan.
The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-Monetta, or visiting http://www.monetta.com. Read it carefully before investing.
Limiting the purchase of individual stocks to companies that produce products or provide services that are recognized by children or teenagers may be a risk if this sector underperforms, which can be significantly affected by the performance of the overall economy, interest rates, competition, consumer confidence and spending, and changes in demographics and consumer tastes. The portion of the Fund that invests in underlying ETF's that track the Index will be subject to certain risks which are unique to tracking the Index. By investing in ETF's, you will indirectly bear your share of any fees and expenses charged by the underlying funds, in addition to indirectly bearing the principal risks of the funds. Please refer to the prospectus for further details. All investments, including those in mutual funds, have risks and principal loss is possible.
While the Funds' are no-load, management and distribution fees and other expenses may apply.
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