It can certainly be daunting when you want to first start out as an investor. If you’re young, if you don’t have a large sum to invest, or if you just haven’t ever ventured into investments before, it’s so important that you begin by educating yourself. There are many blogs and podcasts to turn to these days, but don’t overlook helpful books for beginner investors.
Exposing yourself to a well-rounded selection of materials helps you figure out the best way forward. You’ll get insights into which types of investing make the most sense for your situation and your financial goals, and you’ll learn how to minimize your risk and maximize your returns. Reading as many of the below books for beginner investors as you can will go a long way toward putting you on the right path.
As a side note, if you’re specifically interested in making investments in real estate, we’ve previously rounded up some recommended books about real estate investing.
Recommended Books for Beginner Investors
- Rich Dad, Poor Dad by Robert. T. Kiyosaki – This classic covers a lot of ground about investing in tangible assets. Every investor should read it.
- The Little Book of Common Sense Investing by John C. Bogle – Many experts consider this to be something like an investing bible. It’s another one every investor should spend time with.
- The Only Investment Guide You’ll Ever Need by Andrew Tobias – This book is full of investing and financial advice. It walks you through the process of building an investment portfolio—even if you don’t have a chunk of money to start with.
- A Beginner’s Guide to the Stock Market by Matthew R. Kratter – If you’re a newcomer to investing in stocks, this is a must-read book.
- One Up on Wall Street by Peter Lynch – This financial guide is packed with tips on modern investing, slanted strongly to young and amateur investors.
- The Warren Buffet Way: Investment Strategies of the World’s Greatest Investor by Robert G. Hagstrom, Jr. – Dive into the career and investment strategies of Warren Buffet, and learn by example.
- I Will Teach You to Be Rich by Ramit Sethi – Learn about prioritizing spending, eliminating debt, and why and how to invest to successfully grow your wealth.
- The Money Manual by Tonya Rapley – This book is geared toward Millennials looking to start investing, and it covers a wide range of topics about investing and financial health.
- A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G. Malkiel – Learn about navigating a volatile stock market and many other types of investing in this classic, easy-to-understand book.
- How I Invest My Money by Joshua Brown and Brian Portnoy – Read this collection of essays for insights into how financial planners and other finance experts invest their own money.
- The Simple Path to Wealth by JL Collins – This is a great guide covering so many investment and other money topics, including the stock market, retirement accounts, asset allocation, and plenty more.
- Unshakeable: Your Financial Freedom Playbook by Tony Robbins – Benefit from a step-by-step guide to creating an investment portfolio that will stay strong through the years.
- Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School by Andrew Hallam – Get practical investment advice no matter how old you are, what your income level is, or how much cash you have to invest.
- The Intelligent Investor by Benjamin Graham – First published in 1949, this book is still considered essential reading today. Warren Buffet even called it “by far the best book on investing ever written.”
- Think and Grow Rich by Napolean Hill – This is another real classic, first published in 1937. It’s part financial guide, part motivational guide, and it’s still a relevant, revealing read today.