Like any other skill, investing isn’t a naturally born gift. You can work on developing this skill over time, and there are countless ways to work on this development.
One of the most common ways is to read some of the best investing books. The best investment books are inexpensive, easily accessible, and the knowledge you gain from these books will provide a tremendous return on investment!
Table of Contents
- What Makes a Good Investing Book?
- Best Books on Investing
- How a Second Grader Beats Wall Street by Allan S. Roth
- A Random Walk Down Wall Street by Burton G. Malkiel
- Morningstar’s 30-Minute Money Solutions by Christine Benz
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Stock Market 101 by Michele Cagan
- One Up On Wall Street by Peter Lynch with John Rothchild
- The Essays of Warren Buffet by Lawrence A. Cunningham
- Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond
What Makes a Good Investing Book?
There are numerous ways one can invest successfully. Each investing strategy has their own set of unique advantages and disadvantages. It’s important to be exposed to the numerous investing strategies so you can find your niche.
With that said, no matter which investing strategy you decide to go with, the best investing books all share some common ground. The best investing books will all have the following.
First and foremost, the book should be written by an accredited author. The author should have years of experience working in the investing field, or studying the behavior of great investors.
The reality is, anyone can write an investment book – that doesn’t mean it’s worth reading nor should it be considered one of the best books on investing.
In addition to being written by an accredited author, the best investing books will all have clear objectives. The book will clearly state what the desired outcome of the book is, and the chapters within the book will all build towards accomplishing that desired outcome.
Fits Your Needs
Last but not least, the book needs to fit your needs. As mentioned previously, there are countless investing strategies. Once you have a base knowledge of the numerous strategies, it’s time to drill down on which strategy is most aligned with your needs/investing taste.
Find a book that will answer the questions you have about investing.
8 Best Books on Investing
Let’s dive into the 8 best books on investing!
How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn by Allan S. Roth
One of the best investing books for beginners must be, How a Second Grader Beats Wall Street, written by Allan Roth. If you’re looking to keep your investment principals simple, effective, and to the point, this book could be a perfect option for you.
What You’ll Learn: From start to finish, this book will teach you how to; build a portfolio while incorporating diversification and reducing risk, and how you can retire early and increase your spending ability throughout your golden years.
About the Author: Allan Roth is a seasoned financial advisor. Allan Roth is the founder of investment firm, Wealth Logic. He holds an MBA and is a Certified Public Accountant and Certified Financial Planner.
Best for: How a Second Grader Beats Wall Street is one of the best investing books for beginners!
Pricing: You can own a copy of this book for less than $15
A Random Walk Down Wall Street: The Time Tested Strategy for Successful Investing by Burton G. Malkiel
Burton Malkiel’s iconic book, A Random Walk Down Wall Street, is without question an incredibly useful investing book. Millions of copies have been sold, and this book has withstood the test of time.
What You’ll Learn: Readers will learn the ins and outs of various investing techniques. From understanding how to invest in a 401k, to building your own stock portfolio, this book is packed with knowledge.
About the Author: Burton Malkiel is an American economist. With a long history of working in academics as an economics, serving as a dean at the Yale School of Management, and spending a quarter century as a director at the Vanguard Group, Burton has a wealth of experience to share.
Best for: If you’re looking to build your own stock portfolio, this book is right for you.
Pricing: It’s not difficult to find this book for less than $15. Amazon has this readily available at a great price.
Morningstar’s 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances by Christine Benz
If you need a step by step guide to manage your personal finances and prepare for economic downturns, the 30-Minute Money Solutions by Christine Benz is a fantastic read! This is a quick and easy way to manage your personal finances, and will set you up to achieve your goals.
What You’ll Learn: This book takes the complicated topic of personal finance, and distills it down to a very simple form.
About the Author: Christine Benz is a director of personal finance at Morningstar – an American financial services firm out of Chicago.
Best for: If you’re looking to prepare or fortify your plan for an economic downturn, this is a fantastic option.
Pricing: This book typically retails between $10 and $20.
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki
The rich seem to have a secret, or at least that’s what everyone thinks. There is no secret to getting rich, just a mindset shift. Rich Dad Poor Dad by Robert Kiyosaki is one of the best finance books ever written.
What You’ll Learn: Roberts mission throughout the book is to teach his readers you do not need to have a high income to be rich. Robert conditions his readers that money needs to work for you, and you will never get rich when you work for money.
About the Author: Robert is an American businessman and founder of numerous companies.
Best for: Without question, Rich Dad Poor Dad is one of the best personal finance books.
Pricing: The book costs less than $10!
Stock Market 101: From Bull and Bear Markets to Dividends, Shares, and Margins – Your Essential Guide to the Stock Market by Michele Cagan
If you need a high level overview of investing, Stock Market 101: From Bull and Bear Markets… – is a great investing book. This book cuts through the fluff and keeps the topics interesting, engaging, and concise.
What You’ll Learn: You’ll learn how to buy and sell stocks, various investment strategies, and how to capitalize on dividend investing. Additionally, you’ll learn how to maximize a rising market, and protect yourself in a falling market.
About the Author: Michele Cagan is a Certified Public Accountant. She has authored many books and helps families manage their personal finances.
Best for: If you need an overview of investing, this book will serve as a strong foundation.
Pricing: You can purchase this book for $11.99 on Amazon
One Up On Wall Street: How to Use What You Already Know to Make Money in the Market by Peter Lynch with John Rothchild
You cannot talk about the best investing books of all time without mentioning One Up on Wall Street. This book comes highly recommended from iconic investor and TV Host Jim Cramer, and for good reason. If you need a strategy, this book is for you.
What You’ll Learn: Readers will learn the various investing strategies, and how the investing strategy can be used depending on the market conditions or risk tolerance of a given investor.
About the Author: Peter Lynch is often referred to as one of the best investors of all time. His track record of generating a phenomenal return for his clients is world class.
Best for: If you need exposure to investing strategies, or need to understand how you can use a specific strategy to your advantage, dive into this read!
Pricing: A brand new copy of this book on Amazon retails for $34.
The Essays of Warren Buffett: Lessons for Investors and Managers by Lawrence A. Cunningham
Arguably the greatest investor of all time is Warren Buffett. Although Warren Buffett didn’t write this book, Cunningham aggregates and summarizes the various shareholder letters Warren Buffett would write, and packs them into this book of wisdom.
What You’ll Learn: You will learn Buffett’s principles on value investing, selecting the right stocks, evaluating a management team, and leveraging financial information to make the best decisions.
About the Author: Lawrence Cunningham is an American author and scholar.
Best for: This book is best for experienced investors.
Pricing: You can own this book for less than $17 if you purchase it from Amazon.
Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond
What You’ll Learn: Cryptocurrency is a new asset class. There are countless questions surrounding how crypto works, and how you can invest in it. This book will cover everything you need to know.
About the Author: Chris Burniske is the founder of Placeholder, which is a New York based venture firm that invests heavily in crypto assets.
Best for: If you’ve never invested in crypto before, or you’re just starting out, you’ll find this book incredibly useful.
Pricing: Whether you choose a hardcover, audiobook, Kindle, or audio CD, you can find this book for less than $20.
Knowledge is Power
As the saying goes, knowledge is power. The more knowledge you have about investing, the more you can use that knowledge to make the best decisions possible.
Strong and well backed investment decisions can help generate a healthier return. If you are struggling with where you should begin, or if you find the information overwhelming, work with a professional financial advisor.
Your money is too important to not have someone well trained and educated assist you with managing it. Financial advisors take your income, goals, debt, and risk tolerance into consideration and will build a custom financial plan based on all that information.
Frequently Asked Questions
Educating yourself before investing is always a wise idea. Books are a great way to get that education for a ridiculously cheap price.
Your first investing book should be one that starts at your level. If you’re a beginner, you’ll want to read the best investing books for beginners, whereas if you have more experience, you can dive into something a bit more complicated.
How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn by Allan S. Roth is often considered the best investing book for beginners.
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