Youth Economic Programsm News ~ Summer 2006

Young Investor Timessm

InsideThis InvestorTimes…

Stock Review ......... page 2

Money Talk ........... page 2

GlobalEconomics ............ page 3

Stock Picks ............ page 3

Young InvestorProfile ...................page 3

YEP Spotlight ........page 4

Street Talk .............page 4

Sign Up — ConferenceRegistration .......... page 5

The FedBy: Robert L. Walker

Prior to joining a Young Investor Learning Team and owning stocks in several companies,12 year old Elese never thought much about The Federal Reserve. Now she knows what

they do and how their decisions affect the lives of young investors and young people.

The Federal Reserve (most people call it, The Fed) is thecentral bank of the U. S. Government. This central bankconsists of 12 separate district banks and 25 regionalbranches, spread across the U.S. The Fed is run by a 7 memberBoard of Governors.

The primary responsibility of The Fed, and the Board ofGovernors is to promote economic growth while controllinginflation. To accomplish this, The Fed manages the nation’ssupply of money. In other words, they conduct monetarypolicy.

What is inflation and how does it affect young people?Inflation is the increase in the cost of everything young people buy such as a CD player, clothes,burger and fries, or movie tickets.

CD Player Clothes

Federal Reserve Facts(Average life span of paper money)

$100 ------ 9 years$50 -------- 9 years$20 -------- 4 years$10 -------- 3 years$5 ---------- 2 years$1 ---------- 1.5 years

Burger & Fries

Movie Tickets

%

%

If there is… The Fed will… Resulting in…

High Inflation Increase — • BEAR Stock Market (rising) Interest Rates (%) Decrease — Stock Prices

Low Inflation Decrease — • BULL Stock Market (falling) Interest Rates (%) Increase —

Stock Prices

How does inflation affect the stock market and young investors?

Sign up for the

3rd Annual Youth, Money

& Wall Street Educational

Conference on

August 19, 2006

DETAILS INSIDE

THIS NEWSLETTER!

Stock ReviewFeatured Company: Cedar Fair, L.P.

By: Robert L. Walker

Money TalkQuestion & Answer

$$$$$$Q. Who are the world’s richest people and what is the source of their wealth?

A. 2005 Rank Person/Family Net Worth Source Citizenship

1 William Gates III $46.5 billion Microsoft Inc. United States

2 Warren Buffett $44.0 billion Berkshire-Hathaway United States

3 Lakshmi Mittal $25.0 billion Steel India

4 Carlos Slim Helu $23.8 billion Telecom Mexico

507 Oprah Winfrey $1.3 billion Television United States

Source: Forbes Magazine, 2006

If you have a question, call, e-mail or mail it to Wise Steward Ministries. We will do our best to answer all the questions wereceive in one of the upcoming quarterly publications of Young Investor Times.

Cedar Fair, L. P. and its affiliated companies are engaged in the ownership and operation of amusement and water parks in the United States. It owns and operates 7 amusement parks and 5 water parks. The company’s parks provide variousrides and entertainment, including roller coasters, go-kart tracks, miniature golf courses, and rock climbing. Cedar Fair isheadquartered in Sandusky, Ohio. The amusement parks and water parks are located in the following areas:

Cedar Point,Soak City & Castaway BaySandusky, OH

Knott’s Berry FarmBuena Park, CA

Soak City Water ParksOrange County, CASan Diego, CAPalm Springs, CA

Dorney Park &Wildwater KingdomAllentown, PA

ValleyfairShakopee, MN

Worlds of FunOceans of FunKansas City, MO

Geauga Lake &Wildwater KingdomAurora, OH

Michigan’s AdventureMuskegon, MI

Recent News!Cedar Fair L.P. is buyingthe stock of ParamountParks Inc., a subsidiary ofCBS Corp. for $1.24billion in cash. Paramount Parks owns five parks,(1) Wonderland near Toronto, Canada; (2) King’sIsland near Cincinnati, Ohio; (3) King’s Dominionnear Richmond, Virginia; (4) Carowinds nearCharlotte, North Carolina; and (5) Great Americalocated in Santa Clara, California. The combinedcompany will generate nearly $1 billion in revenueand serve 25 million guests.

HIGHLIGHTS

0

100

200

300

400

500

600

$477.3 $502.9 $510.0$542.0 $568.7

‘01 ‘02 ‘03 ‘04 ‘05

Net Revenue: (in millions) Combined Attendence: (in millions)

Cedar Fair L.P., One Cedar Point Drive, Sandusky, OH 44870-5759, Phone: (419) 627-2233Common stock: Listed in the New York Stock Exchange; Stock Symbol: FUN

0

3

6

9

12

15

‘01 ‘02 ‘03 ‘04 ‘05

11.9 12.4 12.2 12.6 12.7

Country of

U.S. companies doingbusiness in China:

1. McDonalds

2. Motorola

3. Home Depot

4. Starbucks

5. Trek Bicycle

6. Bally Total Fitness

7. General Motors

8. Pepsi

(This list is not all inclusive.)

Global Economics —China

By: Robert L. Walker

Stocks for Youth

Activision ATVI NASDAQ $13.08

STOCK NAME STOCK SYMBOL EXCHANGE AS OF 5/31/06

NOTE: Wise Steward Ministries is not making recommendationsabout the companies listed. They are examples of companies thatprovide products for youth.

Build-A-BearWorkShop Inc. BBW NYSE $29.70

Hasbro HAS NYSE $18.54

Mattel, Inc. MAT NYSE $16.81

McDonalds MCD NYSE $33.17

Disney DIS NYSE $30.50

Marvel Entertainment MVL NYSE $19.10

STOCK PRICE

Fourteen year old Kenny is a young investor and futureOlympian track star (it’s his dream). He is interested in

learning about the country of China, the host of the 2008Summer Olympics. He wants to know why a city would want tohost the Olympics, what the economic benefits are, and the namesof U.S. companies doing business in China.

This is what Kenny haslearned:The People’s Republic ofChina, like India, is anemerging economicsuperpower. They are theworld’s fastest growingdeveloping nation. Theyhave the world’s largestpopulation with over 1.3billion people (the totalworld’s population is 6billion; the total USApopulation is about 290million).

On July 13, 2001, Beijing,China was awarded theopportunity to host the2008 Summer Olympics.

The Chinese government is planning to spend more than $23billion on improvements to the city of Beijing andsurrounding communities. Some of the improvementsinclude: buying 84 new subway trains and updating 60 oldones; building over 100 new hotels to accommodate the

hundreds of thousands of visitors;investing in 37 new gymnasiums andstadiums, and 59 training centers.

Why would a city go through suchtrouble to host the Olympics?

Mainly because of the belief thatthe world exposure will help thelocal economy. Approximately1 billion people will watch the2008 Summer Olympics andbillions of dollars will bespent on the local economyby the hundreds of thousandsof international visitors.

Many U.S. companies aredoing business in China

because of its large population,emerging economy and because

they’re the host of the 2008Summer Olympics.

Cedar Fair, L.P. FUN NYSE $26.39

Great Wolf Resorts WOLF NASDAQ $11.82

Kellogg Co. K NYSE $47.10

Name: Gabriela SullenInvestor Age: 14Investor School: Burton International Middle SchoolInvestor Grade: 9Career Aspiration: Doctor — GynecologistStock(s) Owned: Ford, Nike, La-Z-Boy

Gabriela is a member of a Wise Steward Ministries YoungInvestor Learning Team that meets the 2nd Monday of eachmonth at the Adams/Butzel Recreational Center. Gabriela is avery bright and intelligent young lady. We congratulateGabriela on becoming an investor.

YoungInvestor Profile

Published by Wise Steward Ministriessm

14090 Strathmoor, Detroit, Michigan 48227Phone: 313.838.5856

Email: WSM@wisesteward.orgWebsite: Wisesteward.org

Robert L. Walker, Founder & Executive Director

Become a WiseSteward Partner:

Becoming a shareholder inWise Steward Ministriessm

is a tax-deductiblecontribution. For more

information on becoming aWise Steward Partner,

contact Robert L. Walker at313.838.5856.

The Youth Economic Programsm is a financial literacy program for youth ages 9 to 18,taught mainly in Detroit Schools and community organizations as an after school activity.

Present funding provided by: Neighborhood Opportunity Fund/CDBG,New Detroit/Skillman Foundation, Foundation for Financial Literacy, the

Comerica Charitable Foundation, Chase, and Wayne County Department ofChildren & Family Services (PASS).

If you use the information contained in this newsletter for investment purposes, and without the advice of a financialprofessional, results may vary and certain risks apply. Wise Steward Ministriessm assumes no responsibility. All articles anddesign of this newsletter are the property of Wise Steward Ministriessm and are not to be copied without permission.

Wise StewardMinistriessm

Mission Statement:Provide a sound basisfor financial literacy

in our youth.

Coming in the next issue ofYoung Investor Times:

• The Bulls and the Bears

• Global Economics —WATER

“A race which cannot save its earnings will never rise in the scale of civilization.”Dr. Martin Luther King, Jr.

Youth EconomicProgramsm Spotlight

Street TalkLearn Wall Street Jargon

BuybackThis is a company buying back its own stock. There areseveral reasons a company might do this: 1) They thinkthe stock is undervalued, that is, a better investment thaninvesting the money to expand the business; and 2) Toreduce the number of outstanding shares so the earningsper share will be higher.

Parents Corner

Stay tuned for “Money Talk”, an exciting newinvestment education program for adults. Based on

the numerous requests received by parents and individualadults, Wise Steward Ministries has designed aneducational program for adults that will be launched in theFall of 2006.

A 12-month schedule will be announced in the next issueof Young Investor Times. To receive information aboutMoney Talk, please call Wise Steward Ministries at (313)838-5856 or e-mail us at WSM@wisesteward.org.

Introducing MONEY TALK

Coming in 2007…The Wealth Cruise!

Youth and their parents/guardians are invited to join WiseSteward Ministries aboard Carnival’s “Fun Ship®”

Fascination as we travel to Nassau, Bahamas on a 3-day cruise(July 27-30, 2007).

You’ll enjoy superb dining, spectacular entertainment,fellowship and financial literacy workshops. The rates arereasonable! Contact Wise Steward Ministries for moreinformation.

J

Wise Steward Ministries Cordially Invites You to The

3RD ANNUAL YOUTH, MONEY & WALL STREET

An Educational Conference Designed with Youth in Mind

Journey with us as we take a walk down Wall Street.

Youth and their parents/guardians are invited to attend this fun and interactive conferenceto learn about the stock market and Wise Steward Ministries’ Young Investor LearningTeams. A Young Investor Learning Team is a group of 10-15 youth, ages 9-18 thatparticipate in the following activities:

Open enrollment for Young Investor Learning Teams will be conducted at the conference.Registration information for Money Talk (an investment education program for adults)and The Wealth Cruise will also be made available at the conference.

FEE/REGISTRATION$8 per person for advance registration

Registration with payment must be received by Friday, August 4th$12 per person for late and onsite registration (limited space available)

Name of Parent(s)/Guardian(s) Attending: ____________________________________________

Name of Youth Attending: ________________________________________________Age: ______

Name of Youth Attending: _______________________________________________Age: ______

Name of Youth Attending: _______________________________________________Age: ______

Name of Youth Attending: _______________________________________________Age: ______

Mailing Address: __________________________________________________________________

City: ______________________________________________ State: _______ Zip: ____________

Phone Number: __________________________ E-mail: _________________________________

Payment: # Attending _______x $8 = $________ TotalCash, Checks or Money Orders Only

Make checks payable to: Wise Steward Ministries

This conference is funded in part by National Council on Economic Education and the WayneCounty Department of Children and Familiy Services Prevention Action Service System (PASS)

NOTE: Detach this registration form, fold over and include payment.Secure with tape on each end, or put into an envelope and mail to:

Wise Steward Ministries, 14090 Strathmoor Street, Detroit, MI 48227

Wall StreetTours

National &Local Corporate

Tours

Youth, Money & WallStreet ConferenceSaturday,August 19, 2006Westin Hotel1500 Town CenterSouthfield, MI 48075(Parking is free)

10 a.m. – 2 p.m.Registration begins at 9 a.m.Breakfast will be served

Registration Notes1. Make check payable to Wise

Steward Ministries.2. Please print or type.3. The registration form may be

copied if needed.4. Registration fees are

nonrefundable: you maydesignate an alternateregistrant if necessary.

5. A confirmation notice will besent to all registrants.

Register Early!Conference capacity is limited

Mail registration to:Wise Steward Ministries14090 Strathmoor StreetDetroit, MI 48227

Direct questions to Wise StewardMinistries at (313) 838-5856

Email: WSM@wisesteward.org

“A Race which cannot save itsearnings can never rise in the

scale of civilization”Martin Luther King, Jr.

Stock Analysis& Global StudiesNational Stock

Market Challenges

Wise Steward Ministries14090 Strathmoor StreetDetroit, MI 48227

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