20 Best Investing Books for Beginners Reviewed
A book is always the beginner’s first and last investment. The right title if selected properly will reveal ideas that have worked for others. When we are looking for the best investing books for beginners, we will need all the help we can get to shorten our learning curve.
In this article, we will outline 20 of the best books to learn about investing suitable for beginners entering into the stock market for the first time. They are also a treasure trove for practitioners of Intelligent Investing. One or two titles will usually do the trick. Twenty (20) would be an excellent road for the months ahead.
Building a reading list for the best investing books for beginners
How do you build a reading list? As useful as a personal library might be, the first step is to shortlist what materials would fit best on the shelf.
Go with the flow if you are an absolute beginner. Select a good title and jump into it. Don’t allow indecision to stagnate you from moving forward.
What comes to mind
Within the universe of stock investing, have you heard of a good title you long to read? In my case several years ago, a well known title called The Intelligent Investor by Ben Graham was making the rounds. But I perceived that this would be slightly jargon heavy so I selected a more basic book: Investing For Dummies. It was very informative and a good start.
Famous Investors
Do you know any famous investors? A few names come to mind. I’m sure you can find books that they have written. Discover also books and biographies that have been written about them by others.
Everyone starting stock investing for the first time may come across more titles than those mentioned in this article. Start searching for some of the best investing books for beginners written by or about investors like Warren Buffett, Peter Lynch, and John C. Bogle who have mastered money management.
Search Online for the Best Investing Books for Beginners
When you search online you would be surprised. The internet already has collections of book lists, and reading plans shared by others. Social media also contains endless streams of book title mentions.
You will find many titles including or excluding the few that you have in mind right now. Google up “investing books”. Try specific searches like “the best investing books for beginners” and see for your self.
Recommendations By Friends
Ask your friends and family members. The people who are close to you may be holding a couple of titles to their chest. They may also have some key details about certain books out there. Do a shortlist of those who have or are also trying to acquire a money mindset.
Recommended reading list
The titles here are my personal short list. This list is quite minimal. They are among the best investing books for beginners out there that are well suited for new comers like you. Let’s jump into the list.
TOP 20 BEGINNER INVESTING BOOKS:
- The Intelligent Investor
- The Warren Buffett Way
- One Up On Wall Street
- Investing For Dummies
- Business Adventures
- The Little Book Of Common Sense Investing
- A Random Walk Down Wall Street
- How to Make Money In Stocks
- Common Stocks And Uncommon Profits
- Bulls Bears And Other Beasts
- The Alchemy Of Finance
- The Only Investment Guide You’ll Ever Need
- Richer Wiser, Happier: The World’s Greatest Investors Win In Markets And Life
- The Essays Of Warren Buffett
- The Little Book That Beats The Market
- The Four Pillars Of Investing
- The Elements Of Investing
- A Beginner’s Guide To The Stock Market
- The Modern Guide To Stock Market Investing For Teens
- The Women’s Guide To Successful Investing
1. The Intelligent Investor – by Benjamin Graham (1909-1983)
The Best investing books for beginners #1: THE INTELLIGENT INVESTOR
A classic work written by Benjamin Graham who also mentored Warren Buffett. This book is certainly one of the best books on investing ever written. In its current revision, it has great wisdom for today’s beginner investor although it was originally published in 1949.
2. The Warren Buffett Way – by Robert G. Hagstrom
The Best investing books for beginners #2: THE WARREN BUFFETT WAY
This book is my personal favorite. Robert Hagstrom is a real Warren Buffett disciple. He lays out the mindset and investment philosophy of the Oracle of Omaha in very plain language without smothering the reader with jargon.
3. One Up On Wall Street – by Peter Lynch
The Best investing books for beginners #3: ONE UP ON WALL STREET
Another investing bestseller. This book comes highly recommended even by other professional investors. Peter Lynch distills the concept and practice of investing to the beginner investor. He has had many ups and downs but mostly ups, in his fund management career. Readers are about to be taught by one of the finest investors in the world.
4. Investing For Dummies – by Eric Tyson, Tony Levene
The Best investing books for beginners #4: INVESTING FOR DUMMIES
The dummies series offer very easy reading content. As far as a complex investing is concerned, this book does an awesome job of breaking all the major generic points for easy reading. I read this back in 2003.
5. Business Adventures – by John Brooks
The Best investing books for beginners #5: BUSINESS ADVENTURES
A very well-written piece of inspiration for the beginner investor. The book contains 12 historic episodes of the scandals that rocked Wall Street for decades. This is one of Bill Gates’ personal favorite books. The contents will excite the beginner investor in many ways. Learn how karma works in the world of institutional investments.
6. The Little Book Of Common Sense Investing – by John C. Bogle
The Best investing books for beginners #6: THE LITTLE BOOK OF COMMON SENSE INVESTING The most straightforward and efficient investment method, according to Bogle, is to buy and hold mutual funds that closely tracks a wide stock market index, like the S&P 500, at a modest cost.
7. A Random Walk Down Wall Street – by Burton Malkiel
The Best investing books for beginners #7: A RANDOM WALK DOWN WALL STREET The complete spectrum of investment choices, including stocks, bonds, and money markets, as well as REITs, insurance, property ownership, and hard assets like gold and silver, are all discussed by Burton Malkiel in this book.
8. How To Make Money In Stocks – by William J. O’Neil
The Best investing books for beginners #8: HOW TO MAKE MONEY IN STOCKS
How to Make Money in Stocks provides you with a clear, step-by-step roadmap to investing success using the CANSLIM technique, regardless of whether you’re brand-new to stocks or a little hesitant about starting investing for a while but aren’t yet getting the kinds of returns you want.
9. Common Stocks And Uncommon Profits – by Philip Arthur Fisher
The Best investing books for beginners #9: COMMON STOCKS AND UNCOMMON PROFITS An outstanding work by Philip Fisher. Since its initial release in 1958, this book has been a priceless resource. loaded from beginning to end with investment knowledge.
10. Bulls Bears And Other Beasts – by Santosh Nair
The Best investing books for beginners #10: BULLS BEARS AND OTHER BEASTS
The main actors in the Indian stock markets are depicted in Bulls, Bears, and Other Beasts by Santosh Nair. describing the strategies insiders employ to trade stocks and affect prices. a look at the markets over the past 30 years from the inside.
11. The Alchemy Of Finance – by George Soros
The Best investing books for beginners 11: THE ALCHEMY OF FINANCE
In Alchemy of Finance, Soros offers a unique perspective of the analysis of contemporary financial developments as well as a fresh framework for comprehending the modern financial industry. One of the strongest and most successful investors in the world right now, without a doubt. In 1992, he gained a billion by competing with the British pound.
12. The Only Investment Guide You’ll Ever Need – by Andrew Tobias
The Best investing books for beginners #12: THE ONLY INVESTMENT GUIDE YOU’LL EVER NEED The Only Investment Guide You’ll Ever Need has gained the trust of over a million readers in America and globally. Readers of this edition will learn how to make the most of their financial limitations.
13. Richer, Wiser, Happier: How The World’s Greatest Investors Win In Markets And Life – by William Green
The Best investing books for beginners #13: RICHER, WISER, HAPPIER: HOW THE WORLD’S GREATEST INVESTORS WIN IN MARKETS AND LIFE
The best investors, according to Green, can show us not just how to get rich, but also how to think rationally, make better judgments, evaluate risk, stay away from costly mistakes.
14. The Essays Of Warren Buffett – by Warren Buffett and Lawrence Cunningham
The Best investing books for beginners #14: THE ESSAYS OF WARREN BUFFETT
A collection of letters from Buffett to the owners of Berkshire Hathaway. In the book, he outlines his concepts for prudent investing, manager selection, business valuation, profitably employing financial data, and other important areas for investors.
15. The Little Book That Beats The Market – by Joel Greenblatt
The Best investing books for beginners #15: THE LITTLE BOOK THAT BEATS THE MARKET Greenblatt does more in The Little Book than just lay out the fundamentals of effective stock market investment. He offers a simple “secret formula” that automates the purchase of great stocks at discount prices.
16. The Four Pillars Of Investing – by William J Bernstein
The Best investing books for beginners #16: THE FOUR PILLARS OF INVESTING
Without an external professional advisor, build a strong portfolio with Bernstein’s advice! You may create and put together an investing portfolio with comparatively little work that will outperform even the best professionally run funds.
17. The Elements Of Investing – by Charles D. Ellis
The Best investing books for beginners #17: THE ELEMENTS OF INVESTING
This straightforward guide to investing and saving will set you on the road to financial independence for the rest of your investing life profitably.
18. A Beginner’s Guide To The Stock Market – by Matthew R. Kratter
The Best investing books for beginners #18: A BEGINNER’S GUIDE TO THE STOCK MARKET Start investing in stocks and make money without risking too much cash. Do not make the same costly errors that newbies do. Read this rich wisdom condensed into a small book.
19. The Modern Guide To Stock Market Investing For Teens – by Alan John
The Best investing books for beginners #19: THE MODERN GUIDE TO STOCK MARKET INVESTING Teenagers can also get into the investing game and nail it in the stock market. The process of research, portfolio management and more have been covered and distilled for the teenager beginner.
20. The Women’s Guide to Successful Investing – by Nancy Tengler
The Best investing books for beginners #20: THE WOMEN’S GUIDE TO SUCCESSFUL INVESTING An overwhelming number of women assert that they lack the courage to make investment decisions. The book cracks the code and provides gender focused strategies to bridge that gap to reach financial freedom.
Books Recommended By Role Models
The beginner to stock investing would be spoil for choice. There are thousands of books out there to choose from. But we can also find role models to help us narrow things down. Here are a few of the best investing books for beginners selected from various people of influence.
Warren Buffett’s Best Investing Books for Beginners
- The Intelligent Investor
- Security Analysis
- The Wealth Of Nations
- How to Win Friends and Influence People
- His Own Writing: The Warren Buffett Shareholder Letters
- Common Stocks and Uncommon Profits
Charlie Munger’s Best Investing Books for Beginners
- Influence: The Psychology of Persuasion
- Outliers: The Story of Success
- Conspiracy of Fools
- Titan The Life of John D Rockefeller
Bill Gates’ Best Investing Books for Beginners
- Business Adventures
- Good Economics For Hard Times
- The Ride Of A Lifetime
- Capital in the Twenty-First Century
- The Catcher in the Rye
- The Rosie Effect
- Making the Modern World
Jeff Bezos’ Best Investing Books for Beginners
- Built To Last: Successful Habits Of Visionary Companies
- Good To Great: Why Some Companies Make The Leap
- The Effective Executive
- The Goal A Process of Ongoing Improvement
- The Remains of the Day
- The Black Swan
Elon Musk’s Best Investing Books for Beginners
- Benjamin Franklin: An American Life
- The Hitchhiker’s Guide To The Galaxy
- Howard Hughes: His Life and Madness
- Tesla: Inventor of the Electrical Age
Mark Cuban’s Best Investing Books for Beginners
- His Own Writing: How to Win at the Sport of Business
- The Gospel of Wealth
- Rework
- The Only Investment Guide You’ll Ever Need
- The Innovator’s Dilemma
Further Reading:
- 32 Business Books Recommended by Billionaires
- How To Become Rich Like Warren Buffett
- 6 Habits that Can Make You Rich for Life
Your 1 Year Reading Plan
If you buy books online frequently, there is a chance you may have a couple of unread books stashed away. We buy books and keep them for later. But unlike stocks, books will not grow to add up to our net-worth if they just sit there.
Learning to achieve financial freedom requires a reading plan. The process does not have to be complicated. Begin with a shortlist of titles from some the best investing books for beginners out there today. Start by buying the books at the top of your list.
Start committing about 30 minutes to an hour each day to reading. Remember that you are learning about investing. You are also getting knowledge about business and finance at the same time. The whole objective is to be able to put your own financial destiny into your own hands.
Next, talk about some of the best investing books for beginners you’ve read. Yes, share your discoveries with others. Write a review on the book, share online and reach out to the author if possible. It has never been easier to connect to the very person who generated the knowledge behind the books we love.
Remain resolute reading for 30 minutes or more daily. After this reading resolution, you will look back after a year and see the amazing results for yourself. Your creating the mental equivalent of the financial good fortune you’re search for in that regard.
Supplement Books With Articles
The best investing books for beginners are great Investments for the mind of the keen learner. Consider articles as the second best. You found this material online because you believed this. Blogs are vital. Start seeing articles as various components that make up the chapters of a real book.
You can skim through some blogs by just looking at the various sections and subheadings until you find the right content you are looking for.
Read investing related articles for clarity. More ideas can be found from various perspectives and gradually add up to the knowledge you got from a business or finance book.
When you dive in, look for fresh current ideas. Some portions inside most investing books could be dated. Look out for the latest editions. Articles on the other hand give you more current updates that make the learning experience all so important.
Top Money Blogs for New Investors
These below are a few of the best personal finance blogs on the web. They will be complementary to the best investing books for beginners discussed above.
- Nerd Wallet
- Good Financial Cents
- The Balance
- Mint
- The Simple Dollar
- The Penny Hoarder
- Money Crashers
- MoneyUnder30
- Millennial Money
- Mr Money Mustache
Actionize What You Read
Acquiring knowledge is one thing, but taking action on it is another. Books store up a great mass of information carefully organized and put together. We like to leave them on the shelf to collect dust sometimes. But when we take action we leap into a realm of possibilities.
Read with a question in mind
Ask yourself: what is my pain on need? And how can vital points in this book help me? This puts your mind in grasping mode. Many good points have bypassed people who just skim through some of the best investing books for creating wealth.
For an example regarding a personal finance book, if the author has multiple suggestions for saving money, you are more likely to catch the key points that resonate with your situation. Take voice notes or record with a pen on a notepad. With these ideas on hand, you will map out the moves that will add another vital brick to your financial freedom plan.
Take action immediately
Next, do something immediately. As you organize your list into a plan, find one thing you can do immediately. For example, if you are reading about starting investing, actionize the objective by opening a brokerage account. Open that account today and get it approved, before the demon of procrastination obstructs your move.
Outline timelines that will pressure you to take action. Find an accountability partner to help you move in consistent steps. The best investing books for beginners always contain some nuggets one can live by. They will serve your conscience well if you can call upon the underlying virtues they teach in every investment undertaking.
When I started out years ago, my best friend and I became research partners. We bounced ideas off each other and even opened a joint brokerage account together. Our first trade doubled in price within just a month. We sold. Our synergy may not have been the best, but that collaboration brought many benefits to our brief partnership regardless.
Conclusion: Investing Books
Go with your guts. After picking up two or three investing books, read a few articles online also. You will build financial confidence over time. The best investing books for beginners don’t have to cost anything above $20. A book could actually take you further than many of the online courses out there today.
Keep reading your top favorites from time to time. It’s an excellent practice to re-read books that provide massive value more than once. I have personally re-visited The Intelligent Investor book at least four times. The chapter on Defensive Investing is my all time favorite. As a beginner, that investing approach is much simpler and less intimidating.
Have you built a reading rhythm yet? Please share it below. List a few of your favorite money books that resonated with you the most and ideas you have learnt.
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