Content of the material
- Best Overall: The Intelligent Investor
- How can investment books help?
- Best for Investing Basics: The Only Investment Guide Youll Ever Need
- 3. Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever by Robin Wigglesworth
- #13 N. Hill Think and Grow Rich (editor of the 2015 release Ross Cornwell)
- Best Overall: The Little Book of Common Sense Investing
- Best for Debt Holders: Live Richer Challenge
- #4 B. G. Malkiel, C. D. Ellis The Elements of Investing: Easy Lessons for Every Investor
- 5. The Allocator’s Edge: A modern guide to alternative investments and the future of diversification by Phil Huber
Best Overall: The Intelligent InvestorBuy on Amazon Buy on Barnesandnoble.com
Though first published in 1949, the teachings of Benjamin Graham’s “The Intelligent Investor” are still influential today. The book centers around his well-known value investing strategy or the practice of buying stocks for prices less than their value—in other words, stocks that are currently undervalued by the market. “The Intelligent Investor” shows readers how to make money in the stock market without taking massive risks while tackling the emotional aspect of investing. This updated version includes commentary and footnotes by financial journalist Jason Zweig, which adds a touch of modernity.
How can investment books help?
The best investing books can help to demystify the stock market and help people to understand the different types of investments that are available to them. These are some of the recommended investment books can also help people to understand the psychology behind investments and the types of influences that major market forces have.
There are a number of different types of investment books and financial management books that you might look for, including the following:
- Investment books for beginners
- Investment books for women
- Financial management books
- Real estate investment books
- Stock investment books
- Retirement planning books
When you find the best investing books, it can help you to develop your own investment strategy. The best investing books help investors at all levels from beginners to experts to learn from authorities and people who have used their own strategies to amass wealth. We have compiled a list of some of the best investing books divided into different categories that you should have on your reading list this year.
Best for Investing Basics: The Only Investment Guide Youll Ever NeedBuy on Amazon
Learn how to get started building an investment portfolio with $0 using this guide. Finance writer and co-host of the PBS series "Beyond Wall Street: The Art of Investing," Andrew Tobias walks young investors through the importance of building a financial foundation for investing and focuses particularly on establishing a healthy savings account.
Readers will find sound investing advice that can be applied to all aspects of their financial lives in this guide. "The Only Investment Guide You'll Ever Need" was originally published in the 1970s and was completely updated in 2016 with more commentary on modern-day investing, including the author’s thoughts on the 2008 financial crisis.
3. Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever by Robin Wigglesworth
Trillions is a wonderfully engaging story about the history of index funds. While it may seem odd to use the phrase “engaging story” in the same sentence with “index funds,” trust me, this book is a fantastic read.
Wigglesworth manages to weave the history of passive investing into a compelling story that includes the likes of Jack Bogle, Warren Buffett, Harry Markowitz, William Sharpe, Eugene Fama and Rex Sinquefield.
The value of the book, however, goes far beyond storytelling. It’s a valuable book for those wanting to understand just why index funds beat most active investors, even the professionals, over time. This is the one book on the list ideal for those who never want to read a book about investing.
#13 N. Hill Think and Grow Rich (editor of the 2015 release Ross Cornwell)
N. Hill “Think and Grow Rich” (2015 release
Rating: 4,6 out of 5 Year: 1937/2015 Price: $13.80 (£10.31)
N. Hill is a writer and journalist from the United States, who pioneered the positive mental attitude theory, and this book is one of the best-selling books of all time. It was written during the years of the Great Depression and since then more than 100 million copies of this book were sold.
N. Hill knew and interacted with many rich people. The author described at length the 13 principles that are essential for overcoming difficulties and achieving personal success. He also provides valuable insights into the philosophy of success and abundance.Check on Amazon (US)Check on Amazon (UK)
Best Overall: The Little Book of Common Sense InvestingBuy on Amazon
Most experts, including the Investopedia Financial Review Board, agree that John C. Bogle’s best-selling financial guide is akin to an investing bible. No matter your age, this book is a must-read before you start investing. First published in 2007, this 2017 edition includes two new chapters on asset allocation and retirement investing options.
“The Little Book of Common Sense Investing” provides a framework for building a low-risk portfolio and teaches you how to make the smartest investment decisions. Bogle also explains the importance of index funds and advises readers to ignore investing fads and focus instead on constructing a broad and diversified portfolio.
Best for Debt Holders: Live Richer ChallengeBuy on Amazon
Tiffany Aliche’s “Live Richer Challenge” books have gained mass popularity in recent years and with good reason. This pick helps those with debt get their finances in order so they can start investing and building wealth, tackling everything from money mindset to budgeting and saving to investing.
A personal finance educator, Aliche is also the author of “The One Week Budget." She’s been featured in "Good Morning America," the "Today" show, The New York Times, The Wall Street Journal, and more.
#4 B. G. Malkiel, C. D. Ellis The Elements of Investing: Easy Lessons for Every Investor
B. G. Malkiel, C. D. Ellis “The Elements of Investing: Easy Lessons for Every Investor”
Rating: 5 out of 5 Year: 2013 Price: $17.73 (£12.61) FREE with Audible trial!
This popular book concisely explains the key investing advice and techniques. The legal foundation that impacts investing, as well as the influence of the political climate, are both examined here.
The book contains a wealth of useful information from renowned investors B. Malkiel and C. Ellis. They attempt to show how each investor should deal with their biggest adversaries, fear and greed. The writers reveal their methodical approach to investing.
According to the writers of the book, all that is required for a great investor is disciplined investment and confidence.Check on Amazon (US)Check on Amazon (UK)
5. The Allocator’s Edge: A modern guide to alternative investments and the future of diversification by Phil Huber
I’m not at all convinced that most investors need alternative investments. Perhaps a small exposure to REITs will suffice the vast majority of us. I am, however, always interested in other perspectives, and The Allocator’s Edge gives us that in spades.
Phil Huber walks through his case for the need of alternatives, resting in large part on his view that the 60/40 portfolio is dead. He then covers a wide spectrum of alternatives ranging from insurance-linked assets to private equity to digital assets. He also provides suggested portfolios, and he even describes his own investment strategy into alternatives.
In the end I’ve not bought into the need for alternatives, but I continue to research the subject with an open mind. The Allocator’s Edge was a good resource to explore this area of investing.
And if the above books don’t fit the bill as you look for a holiday gift, there’s always my book published in 2019, Retire Before Mom and Dad—The Simple Numbers Behind a Lifetime of Financial Freedom.