Don't know where to start with investing? Check out our list of the 5 best investing books to get started.
Investing can seem overwhelming, but it doesn’t have to be! As you start to make more money, you may be considering investing some of it in the stock market or elsewhere.
Whether you’re just getting started with investing or are looking to add to your arsenal of investment knowledge, this list of the best books on investing will help you find what you need.
These are the books that teach beginners the basics of investing and give experts solid advice to consider when they want to develop their portfolios further. So sit back, relax, and prepare to learn everything there is to know about investing!
Book 5: The Little Book That Still Beats the Market – By Joel Greenblatt.
The book is a classic, first published in 2005 and still relevant today. It’s written in a clear and concise manner, making it easy for anyone to understand.
The book covers the basic concepts of value investing, such as margin of safety and finding undervalued companies. It also includes a helpful case study that walks readers through the process step-by-step.
The Little Book That Still Beats the Market doesn’t just stop at theory; it has actionable advice. Joel Greenblatt provides six rules to help you succeed in your investing endeavor :-
1) Keep things simple
2) Focus on what’s important
3) Act quickly
4) Use a checklist
5) Believe in yourself
6) Do your homework.
Book 4: The Psychology of Money – By Morgan Housel.
If you want to better understand how people think about money, this is the book for you. Housel delves into the psychology behind our money habits, and why we make the financial decisions we do.
This book is a must-read for anyone who wants to get a better handle on their finances. It’s full of research-backed insights that will help you make smarter decisions in your day-to-day life.
Morgan Housel is a popular financial blogger and one of his specialties is psychology – specifically, how we think about money.
In The Psychology of Money, he explores common misconceptions around finances and explains why they occur. He then presents data that counters each misconception so you have a strong understanding of how people think about money—and why.
Book 3: Rich Dad Poor Dad – By Robert Kiyosaki.
This is one of the most popular and well-known finance books out there, and for good reason. In Rich Dad Poor Dad, Robert Kiyosaki breaks down the difference between good debt and bad debt, and how to use debt to your advantage. He also talks about the importance of asset allocation and diversification.
If you’re looking for a place to start when it comes to investing, this is a great book. It’s fairly easy to read, which makes it perfect for beginners.
Plus, if you buy the audio version of this book narrated by Robert himself, he does an excellent job telling his story and keeping listeners engaged in his lectures.
Book 2: One Up On Wall Street - By Peter Lynch.
If you’re looking for a book that will teach you how to pick stocks, this is it. One Up On Wall Street by Peter Lynch is a classic when it comes to investing literature.
In it, Lynch lays out his approach to stock picking, which is based on finding good companies and then waiting for them to be undervalued by the market. He also provides plenty of examples to illustrate his points.
The only downside is that it’s been around since the 1980s, so some of the advice may be outdated. Still, if you’re looking for an easy read with clear investment strategies from one of America’s most successful investors ever, this book should definitely make your list.
It’s still as relevant today as it was decades ago, even if there are other newer books that do offer more modern tips.
Book 1: The Intelligent Investor - By Benjamin Graham.
The Intelligent Investor is a classic book on value investing, which is an investing strategy that focuses on buying stocks that are undervalued by the market.
Benjamin Graham, the author, is considered the father of value investing, and his book is still relevant today. It provides details about how to spot a company’s hidden potential, perform accurate financial analysis, and make wise decisions while handling emotional biases that can hinder your decision-making process.
The book has been described as one of the best books ever written about stock market investment. Investing legend Warren Buffett himself said it was by far the best book about investing ever written.
If you’re interested in learning more about how to invest your money wisely and become successful in the stock market, this book is for you.