Are you thinking about learning to invest? Want to make your money work for you and set up a financially secure future? Then you’re going to need to learn how to invest in the safest, but most fruitful, ways possible.
Below are 10 books that are perfect for the beginner investor. From explanations into the different markets and options to proven advice from investment greats, these books will cover everything you need to know.
The Intelligent Investor by Benjamin Graham
The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Graham’s strategies.
A Random Walk Down Wall Street: Including a Life-Cycle Guide to Personal Investing by Burton Malkiel
In today’s daunting investment landscape, the need for Burton G. Malkiel’s reassuring, authoritative, and perennially best-selling guide to investing is stronger than ever. A Random Walk Down Wall Street has long been established as the first book to purchase when starting a portfolio.
This book features fresh material on exchange-traded funds and investment opportunities in emerging markets; a brand-new chapter on “smart beta” funds, the newest marketing gimmick of the investment management industry; and a new supplement that tackles the increasingly complex world of derivatives.
You Can Be a Stock Market Genius by Joel Greenblatt
Fund manager Joel Greenblatt has been beating the Dow (with returns of 50 percent a year) for more than a decade, and in this highly accessible guide, he’s going to show you how to do it, too.
A comprehensive and practical guide to the stock market from a successful fund manager—filled with case studies, important background information, and all the tools you’ll need to become a stock market genius.
The Warren Buffett Way by Robert G. Hagstrom
Warren Buffett is the most famous investor of all time and one of today’s most admired business leaders. He became a billionaire and investment sage by looking at companies as businesses rather than prices on a stock screen.
This book draws on the new field of behavioral finance to explain how investors can overcome the common obstacles that prevent them from investing like Buffett.
The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein
The classic guide to constructing a solid portfolio―without a financial advisor!
This down-to-earth book lays out in easy-to-understand prose the four essential topics that every investor must master: the relationship of risk and reward, the history of the market, the psychology of the investor and the market, and the folly of taking financial advice from investment salespeople.
Market Wizards: Interviews With Top Traders by Jack D. Schwager
How do the world’s most successful traders amass tens, hundreds of millions of dollars a year? Are they masters of an occult knowledge, lucky winners in a random market lottery, natural-born virtuosi–Mozarts of the markets? In search of an answer, bestselling author Jack D. Schwager interviewed dozens of top traders across most financial markets.
While their responses differed in the details, all of them could be boiled down to the same essential formula: solid methodology + proper mental attitude = trading success.
The Intelligent Asset Allocator by William J. Bernstein
William Bernstein is one of today’s most unlikely financial heroes. A practicing neurologist, he used his self-taught investment knowledge and research to build a popular investor’s website. Now, in the plain-spoken The Intelligent Asset Allocator, he shows independent investors how to build a diversified portfolio―without the help of a financial advisor.
A breath of fresh air for investors tired of overly technical investment tomes, this book will help investors in numerous ways.
Investing 101 by Kathy Kristof
This book is for novice investors and for those who are rethinking their investments in response to market uncertainty. Personal finance columnist Kathy Kristof takes the mystery and anxiety out of investing by keeping the choices manageable and the focus on what matters most: knowing when to buy and sell; protecting your money; and reaching your goals safely and sooner.
She walks readers through the entire investment cycle and helps you think about your entire financial life and how different investments might help you reach your goals.
The Little Book That Builds Wealth by Pat Dorsey
In “The Little Book That Builds Wealth, ” author Pat Dorsey–the Director of Equity Research for leading independent investment research provider Morningstar, Inc.–reveals why competitive advantages, or economic moats, are such strong indicators of great long-term investments and examines four of their most common sources: intangible assets, cost advantages, customer-switching costs, and network economics.
Along the way, he skillfully outlines this proven approach and reveals how you can effectively apply it to your own investment endeavors.
The Investment Answer by Gordon S. Murray
What if there were a way to cut through all the financial mumbo-jumbo? Wouldn’t it be great if someone could really explain to us–in plain and simple English–the basics we must know about investing in order to insure our financial freedom?
Jargon-free and written for all investors–experienced, beginner, and everyone in between–The Investment Answer distills the process into just five decisions–five straightforward choices that can lead to safe and sound ways to manage your money.