5 of the Best Investing Books for Beginners
If you are planning on making an investment for the first time in your life then you will want to do some research in order to feel confident about making some smart moves with your money. You won´t want to put any money at risk if you feel that you aren´t really sure about what you are doing.
The internet is a fantastic place to get investment advice but what if you prefer to sit down with a book to learn a thing or two? In that case, there are some great books you could try to help with your financial education.
Rich Dad, Poor Dad by Robert Kiyosaki
This 2000 book is aimed mainly at young investors and points out the difference between working for money and working to learn. Rich Dad, Poor Dad tells us how important it is to understand financial matters and how we should be looking to achieving financial independence as a way of improving our lives in the long term. There are also some useful pieces of advice on what kind of investments to make and it is also a pretty good read too, which always helps.
A Random Walk Down Wall Street by Burton Malkiel
This book has been around since the 1970s and has now been issued in a number of different editions. A Random Walk Down Wall Street has been an influential book on stock market concepts, although the fact that Warren Buffett rejects its theories goes against it in some people´s eyes. What it does do is make the stock market seem a bit simpler, so it is worth reading it for that reason. It has to be worth a try if you want to see what a classic stock market book is like before making up your mind for yourself.
The Little Book of Common Sense Investing by John Bogle
This is one of the simplest and easiest to follow investment books around, making it ideal for beginners. The basic principle of The Little Book of Common Sense Investing is that investing needs to be always based on common sense. This is a great starting point and the rest of the book is simple but useful. It talks about things like not following silly trends and sticking to straight forward, sensible investments. It is a great starting point for making sure that you start off investing in the best way possible. Of course, if you have already made some investments you might feel that this is just a tiny bit too basic for you.
Think and Grow Rich by Napoleon Hill
For a book that was written back in 1937 Think and Grow Rich is still very relevant today and is championed by some as being the most important financial book ever written. It was written during the Great Depression and it has sold over 70 million copies around the world. It is classed as a motivational and self help book but there is no doubt that it can be a big help with your investments and finances as well. He sets out 13 different principles that are needed for success and overall it is a very interesting read, free of modern jargon and trends.
If You Can by William Bernstein
This is the newest book on the list and a follow up to The Four Pillars of Investing by the same author. The good news with this title is that If You Can is aimed directly at new investors and younger investors. It promises a simple approach that is easy to follow and suitable for a long term investment approach. If you have read his earlier work then you are probably keen to give this one a try as well.
Have you read an investment book that you would recommend to others?