The online world offers a wealth of excellent resources for new and experienced investors alike, but for an in-depth exploration of the ins and outs of investing, there’s still nothing that beats a good book. A book lets you take a deep dive into your investment topic of choice, providing a strong and solid foundation for your future investment plans and choices. Best of all, many of the top investing books are regularly revised and updated, so you can be sure you’re getting fresh and relevant information.
Whether you’re wondering how to get started with investing, seeking advice on a specific type of investing, or looking to grow or change your investment strategy, these books from respected industry professionals have got you covered.
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Burton G. Malkiel
It’s not for nothing that A Random Walk Down Wall Street is in its 12th edition and has sold more than 1.5 million copies. In this no-nonsense book, Malkiel, an emeritus professor at Princeton University, offers a time-tested, practical guide to investing that will benefit novices and professionals alike. Topics range from behavioral finance, to stocks and bonds, to tangible assets like gold.
The Little Book of Value Investing, Christopher H. Browne
If you don’t know about value investing, this “little book” aims to change that. Value investing is, in some ways, the bargain hunter’s version of investing. The practice involves purchasing undervalued stocks, holding them for significant periods, and then, hopefully, earning returns when the stocks regain their value.
It’s a simple concept and by no means a new strategy, but, surprisingly, it is often as underrated as the stocks it involves. It’s therefore likely that Browne’s book, which has earned rave reviews from outlets such as the Financial Times and The Wall Street Journal, will be a first introduction to the subject for many investors.
The Little Book of Common Sense Investing, John C. Bogle
Another great investing book in the Little Book, Big Profits series is The Little Book of Common Sense Investing. First published in 2007 and updated in 2017, this book is viewed as an investment bible by many experts. An essential read for anyone just starting their investment journey, The Little Book of Common Sense Investing guides you through the steps of building a low-risk portfolio and provides excellent practical advice about making smart, fad-proof investment decisions.
A Beginner’s Guide to the Stock Market: Everything You Need to Start Making Money Today, Matthew R. Kratter
If you’re planning to include stocks in your investment portfolio, this book offers a great overview of what stock market investing is all about. Author Kratter goes into comprehensive detail about different types of stocks, how they work, and how to evaluate and select stocks that are likely to perform well in both the short and long term. Even more importantly, A Beginner’s Guide to the Stock Market addresses—and helps you avoid—the typical mistakes that new investors often make. It also outlines investing methodologies that are a good fit for first-timers.
The Only Investment Guide You’ll Ever Need, Andrew Tobias
Originally published in the 1970s, The Only Investment Guide You’ll Ever Need has been going strong ever since, selling over 1 million copies. Completely updated in 2016, the book offers sound investing advice that is not only practical but equally relevant to other aspects of your financial life. Learn how to build a healthy financial foundation for investing, why savings are so important, and how to start an investment portfolio even if you think you don’t have any money to invest.
Broke Millennial: Stop Scraping by and Get Your Financial Life Together, Erin Lowry
Don’t be fooled by the title: Broke Millennial is important reading for people of any age who want to invest but are struggling to get their personal finances in order. One of the most important things about Lowry’s book is that in addition to offering advice and information about how to invest, it also makes the vital connection (which many other books ignore) between your personal finances and spending habits and your effectiveness as an investor. Engaging to read and easy to understand, Broke Millennial will empower you to take control of your finances and begin investing, whatever the size of your paycheck.
The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing, Brandon Turner
Rental real estate has long been a hugely popular investment vehicle, but it can also be a challenging and risky investment if you don’t know what you’re doing. In The Book on Rental Property Investing, author Brandon Turner provides a comprehensive, in-depth framework for using real estate investing to grow your wealth. The book covers every step of the process of buying and renting properties, and offers plenty of advice on key subjects including choosing the right property, flipping houses, and the financial impact of being a landlord.