The 5 Best Investing Books for Beginners
The world of investing is filled with different strategies, perspectives, and stories. Each investor has a journey, and through this journey they are able to grow and become better investors. One of the best ways to expand on your financial knowledge is to read.
No matter what experience level you consider yourself, there is an investing book available to help you reach your financial goals. From trading strategies to long-term wealth building, there is an almost endless selection of books available for you to read. Here are five of my favorite books for those new to investing.
1. Investing for Dummies
Written by Eric Tyson, this book is an intriguing read, filled with lessons across investing and personal finance. Investing for Dummies, introduces the basics of investing for those unfamiliar with vocabulary relating to investing. From investment recommendations to in depth explanations of different investment vehicles, this book is a great start for all novice investors. Through this book, you will learn about different investment opportunities that are available to you, and how they can help you achieve your financial goals.
2. The Intelligent Investor
The Intelligent Investor, written by the great Benjamin Graham, can be coined the “bible” of investing. Within this book, you will learn more about the ins and outs of value investing. Value investing is the term used for buying stocks when they are priced fairly. Along with learning about valuation techniques, there is an abundance of advice on portfolio allocation. Originally released in 1949, The Intelligent Investor is still one of the most notable and famed investing books. One of the greatest investors of all time, Warren Buffet, stated that The Intelligent Investor is “by far the best book on investing ever written”. That is quite the compliment from someone worth over $100 billion.
3. One Up On Wall Street
Peter Lynch is one of the best performing asset managers in history. While working for Fidelity from 1977 to 1990, he produced returns that more than doubled the S&P 500, averaging an annualized return of 29.8%. Peter Lynch’s book, One Up On Wall Street, dives into his stock picking strategies, explaining how Lynch’s mechanism can be easily followed. From advice on researching stocks to explanations of financials and ratios, this book is perfect for those looking to find the next “tenfold” stock, and strengthen their knowledge of the markets.
4. Psychology of Money
Written by Morgan Housel, The Psychology of Money, dives into the psychological aspects of investing, but more importantly the effects money has on our decision making. Throughout this book, Housel tells readers 19 different short stories about people’s perspectives on money, each with a unique view. Different from most investing books, Housel studies how people behave with money and the importance of measuring risk in life. This book is a must read for all investors, no matter what experience level.
5. The Simple Path to Wealth
If you are looking for a humorous, joyful, fascinating read, then JL Collins has the book for you. The Simple Path to Wealth dives into topics such as personal debt and investing, while informing the reader about the do’s and don'ts of the investment world. This book is not about picking stocks or beating the market. Instead, it focuses on how to holistically grow your wealth, to achieve your financial goals and live the lifestyle you desire. With Collins ability to make some of the most boring financial concepts entertaining, this book is an enjoyable read for those looking to build wealth.
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