Books For Investing For Beginners
Updated: Jan 17, 2022
When it comes to building another source of income, investing is one option you should consider. But for you to become profitable in your stock investing, you need to arm yourself with the right information you need about the stock market.
As a starter, there are several books for investing for beginners that will equip you with the necessary knowledge and also keep you on the right path. Amongst the things you will gain from reading books are strategies for growing your investments, basics in finances, the financial market, and many more.
And, with the advantage of technology, investing books are now more reachable as you can easily download their soft copies. That way, you can easily access and read them at your convenience. In this article, we'll give a brief rundown of six books for investing for beginners you need to read.
#1. Thinking, Fast and Slow by Daniel Kahneman
As a beginner, mind transformation should be one of your major goals when you are searching for books for investing for beginners. The mind is significantly important when it comes to investment because every idea begins from and progresses from the mind.
This book reveals how our intuition and slow thinking can influence our sense of judgment and how we can use both effectively. If you're hasty in making decisions or you don't weigh the disadvantages with the benefits of a decision, you'll benefit a lot from this book.
Success in investing comes mainly from making the right decisions the right way and at the right time. So, this book will help you achieve that as it teaches you to make decisions with facts and statistical backings.
#2. Making the Most of Your Money by Jane Bryant Quinn
Going into the world of investing as a beginner, you'll need to set certain guidelines that will define your investing journey. Though this book is not strictly an investing book, it teaches beginners how to maximize their money and get a huge financial return.
If you just got your first job, this is one of the must-read books for investing for beginners. It is a guide on how to save from your first job, as one with a family as well as the benefits and cons of your financial decisions.
#3. The Essays of Warren Buffet: Lessons for Investors and More
If you are searching for books for investors for beginners and this book isn't part of it, we'll advise you to add this to the list. The author of this book is a known legend in investing.
In this book, the author invalidates the risk of channeling your investment into one stream and objects that financial markets are perfectly efficient. The author goes further to discuss his philosophy on investing, finance, management, and accounting.
By reading this book, you'll be able to make the right investment using fundamental analysis because the author believes in fundamental business analysis.
#4. The Book on Rental Property Investing by Brandon Turner
This book teaches a lot about diversity in investing because beginners might come in with the mindset of just streamlining their investment in stocks. Meanwhile, as a beginner, you can build up your investment portfolio and increase your wealth by investing in real estate.
The author discussed the importance of investing in rental properties from buying, renting, selling properties as well as house flipping. Most books on investing for beginners might not discuss the challenges you will face as a property owner. This book doesn't just cover the challenges but also reveals how to overcome them.
#5. The Intelligent Investor by Benjamin Graham
This book was initially published in 1949. Within that period till now, it has sold over 1million copies worldwide and various industries, publications, and major authorities have endorsed it.
In the first edition of the book, the author expounds on two major topics about investing in the financial market. First is how to use loss minimization as a tool to navigate the financial market and the second is the significance of value investing.
In the newest edition of this book, the author went ahead to add more topics relating to the modern market, footnotes, and comments by a financial journalist.
#6. A Walk Down Wall Street: The Time Tested Strategy for Successful Investing by Burton Malkiel
As one of the best books for investing for beginners, the author writes on investment vehicles and investment theory. The author also discusses cryptocurrency, behavioral finance, and he went ahead to analyze investment strategies for retirees.
In this book, you'll see why you need to invest, technical analysis of stocks, fundamental analysis of stocks, and investment risk,
This book has up to the 12th edition and since its first printing in 1973 and it has sold over 1.5million copies.
Books For Investing For Beginners - Conclusion
Reading books for investing for beginners will go a long way in breaking down many principles you might not learn from newspapers and financial magazines.
However, while doing this, one thing that can help you leave the early stage of investing and make you invest like a pro is having a financial consultant.