Here Are the Top Five Books to Get Started Investing
Here are the top five books to help beginners learn how to invest. We’ve read through all of these (and more!) to figure out which five will be the most helpful for beginner investors.
(1) Benjamin Graham’s, "The Intelligent Investor": Originally published in 1949, this book is a classic (and even the book that Warren Buffett, the legendary Oracle of Omaha, recommends) and is a MUST to read if you really want to understand investing in the stock market. It teaches beginner investors about the value-approach to investing and emphasize the importance of a long-term outlook to the discipline of investing.
(2) Robert Kiyosaki’s "Rich Dad Poor Dad" : Widely-read and very popular, this book will teach you about the importance of compound growth (key to generating large gains in the stock market via dividend reinvestments) but also will help you get control over your personal financial journey. One very important lesson we loved from the book is how rich dad taught Robert that the question we should ask ourselves isn’t “Can I afford this?” but “how can I afford this?” Asking ourselves that “how” encourages us to think about solutions and not problems..
(3) John Bogle’s, "The Little Book of Common Sense Investing" : Bogle founded The Vanguard Group and is a pioneer of low-cost index fund investing. His book teaches the importance of investing in a low-cost, diversified pool of funds (which Warren Buffett also highly recommends).
(4) Burton Malkiel’s "A Random Walk Down Wall Street": A comprehensive guide to the stock market and investing, this classic book teaches beginner investors why diversification is key, and the randomness to investing (hence, don’t try to time the market–it doesn’t work!).
(5)Thomas Stanley & William Danko’s, "The Millionaire Next Door": This book teaches beginner investors about the habits and traits that will make them a successful investor. Lessons such as living below one’s means and making a budget and tracking one’s expenses.
So which of these books have you read already, or new one will you pick up?
On another note, don’t hoard this knowledge for yourself. Share with your friends and family that this list could be helpful to!
Note: If you click the photos of each book on the right(all the way at the bottom if on your mobile device) or the kind/prime/audible links on this page, you can find the products on Amazon, and please note that if you purchase through them, we do get some commission, which allows us to continue to produce helpful content like this, so thank you!
Read on the go with a Kindle:
If you do purchase the books from Amazon, get a Prime membership to get them shipped to you quickly (including other perks). Do yourself a favor and get a discount on your prime membership today!
If you don’t have time to read, have the books read to you. Get an audible membership (below) today!
Listen to the books instead . Start you free trial with audible today.
#ad
