The 12 Best Investing Books (2024)

Just over half of Americans own stock, a 2020 Gallup poll found, and whether someone owned stock was closely related to household income and education level, among other factors. In fact, 85% of those with post-graduate education and 84% of households that earned $100,000-plus were among the group that owned stock, while only 22% of households earning less than $40,000 were invested in the stock market.

If you’re one of the 45% of Americans who aren’t invested in the market, or already have an investment portfolio and simply want to see it grow, then read on for our picks of the best investing books.

Best Overall: The Intelligent Investor

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Though first published in 1949, the teachings of Benjamin Graham’s "The Intelligent Investor" are still influential today. The book centers around his well-known value investing strategy or the practice of buying stocks for prices less than their value—in other words, stocks that are currently undervalued by the market. "The Intelligent Investor" shows readers how to make money in the stock market without taking massive risks while tackling the emotional aspect of investing. This updated version includes commentary and footnotes by financial journalist Jason Zweig, which adds a touch of modernity.

Runner-Up, Best Overall: The Little Book of Common Sense Investing

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You don’t know investing if you don’t know index funds. “The Little Book of Common Sense Investing" by John C. Bogle, founder of the Vanguard Group, focuses on just that. It explains Bogle’s low-cost index fund investment strategy in clear detail, including tips on how to make index fund investing work for you and your portfolio. This 10th-anniversary edition is updated with new information as it relates to the modern market. Still, it remains a must-read for all investing enthusiasts. Bogle is also the author of “Common Sense on Mutual Funds” and “Enough.”

Best on Real Estate Investing: The Book on Rental Property Investing

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Investing isn’t just for the stock market; investing in real estate is also an excellent way to build wealth. That’s why Brandon Turner’s “The Book on Rental Property Investing” is an essential investing book. It’s full of advice on how to build your own rental property income streams, from common mistakes of real estate investors (and how to avoid them) to tips for finding deals on rental properties to how to finance rentals. Turner, a real estate investor, is also the co-host of the "BiggerPockets Podcast."

Related: The Best Real Estate Investing Books

Best for Beginners: A Beginner's Guide to the Stock Market

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"A Beginner's Guide to the Stock Market" explains everything readers want to know about the stock market—most importantly, how to make money from it. Written by bestselling author and former hedge fund manager Matthew Kratter, it covers topics ranging from common investor mistakes and how to avoid them, where to open a brokerage account, how to buy your first stock, and even how to make passive income in the stock market.

Related: The Best Investing Books for Beginners

Best for Basics: The Only Investment Guide You’ll Ever Need

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Andrew Tobias’ “The Only Investment Guide You’ll Ever Need” was written in the 1970s (while he was working as a writer for New York Magazine, no less), but its advice still rings true today. The book has tips on how to build wealth (no matter your means), how to best prepare for retirement, and even everyday strategies that will save you big over the long term—all told in the author’s trademark witty, straightforward writing style. (This updated version also applies these lessons to today’s market.) Tobias is the author of New York Times bestsellers "Fire and Ice" and "The Invisible Bankers" and is a regulator contributor to Time, Esquire, and Parade.

Best Memoir: Rich Dad Poor Dad

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Robert Kiyosaki’s “Rich Dad Poor Dad” is one of the most popular personal finance books of all time and with good reason. It tells the story of the author growing up with his father and his friend’s father and what he learned from both dads, from assets and liability to how you don’t need a large income to make money, and even what your kids aren’t learning in school (but should be). Though the book was first published in 1997, this 20th-anniversary edition includes an updated take from Kiyosaki.

Related: The Best Personal Finance Books

Best for Millennials: The Money Manual

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Tonya Rapley’s “The Money Manual” is an ideal place to start for millennials who want to invest, but aren’t sure where to start—or for those who aren’t sure what to do with their money, period. Among the topics covered are simple money management techniques, setting financial goals, improving and building credit, and even how to tackle student loan debt. Rapley is the founder of My Fab Finance and has appeared on Forbes, U.S. News, New York Daily News, Refinery29, Vogue, and more.

Best Classic: Think and Grow Rich

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Napoleon Hill’s bestselling “Think and Grow Rich” is part motivational guide, part financial guide. Hill compiles stories from the business greats—think Andrew Carnegie, Henry Ford, and Thomas Edison—to support his trademark “Law of Success” philosophy or the principles that'll help one achieve success. First published in 1937, it’s since sold more than 15 million copies. This updated version includes commentary from Arthur R. Pell, Ph.D., an author, lecturer, and consultant.

Best for Women: The Women’s Guide to Successful Investing

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Did you know that, according to a survey by S&P Global, only 26% of American women have invested in the stock market? It’s time to change that. Nancy Tengler’s “The Women’s Guide to Successful Investing” covers everything from wealth accumulation strategies to market analysis to advice meant just for female investors.

With two decades of professional investing experience, Tengler is a columnist, author, and professor. She’s also been a guest on CNBC, PBS, CNN, and more.

Best Skill-Building: One Up on Wall Street

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Want to “one-up” the market? Then who better to learn from than one of the most legendary investors of all time? Peter Lynch’s “One Up On Wall Street” zeroes in on how average investors can outperform the prosby simply finding everyday investment opportunities before they do. This is called finding a “tenbagger" or investing in a stock that appreciates ten-fold after you buy it. Lynch, the vice chairman of Fidelity Management & Research Company and former portfolio manager of Fidelity Magellan Fund, is also the co-author of the bestselling “Beating the Street” and “Learn to Earn.”

Best How-To: The Simple Path to Wealth

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JL Collins’ “The Simple Path to Wealth” started out as letters to the author’s daughter but soon grew into a massive guide on all things money. Among the expansive topics covered are debt, the stock market and how it works, investing in both a bull and bear market, asset allocation, and more. The book even goes into different retirement funds, from a 401(k) to a Roth IRA, the 4% rule, and the all-important f-you money fund.

Best for Debt Holders: Live Richer Challenge

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Tiffany Aliche’s “Live Richer Challenge” books have gained mass popularity in recent years and with good reason. This pick helps those with debt get their finances in order so they can start investing and building wealth, tackling everything from money mindset to budgeting and saving to investing.

A personal finance educator, Aliche is also the author of “The One Week Budget." She’s been featured in "Good Morning America," the "Today" show, The New York Times, The Wall Street Journal, and more.

Final Verdict

“The Intelligent Investor” by Benjamin Graham (view at Amazon) is the best overall investing book due to its detailed take on value investing, the practice of purchasing stocks for less than their intrinsic value. In short, this read shows investors how to make money in the market without taking huge risks. And who can argue with that?

Meet the Expert

Rachel Morgan Cautero has a master's degree in journalism from New York University and more than a decade of journalism experience, most in the personal finance sector. Most recently, she was the managing editor of DailyWorth, a finance-based media destination for women. She’s been published in SmartAsset, Investopedia, The Atlantic, Life & Money, Parents, WealthRocket, and Yahoo Finance.

The 12 Best Investing Books (2024)

FAQs

What is the best investment book of all time? ›

7 Greatest Investment Books of All Time for Financial Advisors
  • “The Intelligent Investor” by Benjamin Graham. ...
  • “A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing” by Burton G. ...
  • “The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street” by Justin Fox.
Feb 18, 2024

What is the best book about investing in stock? ›

Best Books on Investment, Trading and Stock Market
  • 1) Rich Dad Poor Dad by Robert Kiyosaki. ...
  • 2) Think and Grow Rich by Napoleon Hill. ...
  • 3) The Psychology of Money by Morgan Housel. ...
  • 4) The Intelligent Investor by Benjamin Graham. ...
  • 5) The Richest Man in Babylon by George S. Clason.
Feb 16, 2024

What is the rule number 1 in investing? ›

Warren Buffett once said, “The first rule of an investment is don't lose [money]. And the second rule of an investment is don't forget the first rule.

What is the best book for stock market beginners? ›

  • " The Intelligent Investor" ...
  • "Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. ...
  • "The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns" ...
  • "A Beginner's Guide to the Stock Market: Everything You Need to Start Making Money Today"

What books is Warren Buffett reading? ›

53 books recommended by Warren Buffett
  • Influence. Robert B. ...
  • Shoe Dog. Phil Knight.
  • How To Win Friends and Influence People. Dale Carnegie.
  • Poor Charlie's Almanack. Charlie Munger.
  • The Intelligent Investor. Benjamin Graham.
  • Seeking Wisdom. Peter Bevelin.
  • The Outsiders. William N. ...
  • A Short History of Nearly Everything. Bill Bryson.

Who is the king of investing? ›

Warren Edward Buffett (/ˈbʌfɪt/ BUF-it; born August 30, 1930) is an American businessman, investor, and philanthropist who currently serves as the co-founder, chairman and CEO of Berkshire Hathaway.

Does Warren Buffett have a book on investing? ›

While Warren Buffett himself has never authored a book, many books have been written about his life, his investment strategies, and his philosophies. Some books about Buffett focus more on his life and achievements, while others focus more on replicating his investment style.

Is $1000 enough for stocks? ›

$1,000 is enough to consider some solid stock choices. If you have an extra $1,000 sitting in a savings or checking account, one of the best ways to earn a return on that money is to invest in the stock market.

What is the best amount of money to invest in stocks? ›

Generally, experts recommend investing around 10-20% of your income. But the more realistic answer might be whatever amount you can afford. If you're wondering, “how much should I be investing this year?”, the answer is to invest whatever amount you can afford!

What are the 4 golden rules investing? ›

They are: (1) Use specialist products; (2) Diversify manager research risk; (3) Diversify investment styles; and, (4) Rebalance to asset mix policy. All boringly straightforward and logical.

What are the 5 M's of investing? ›

Therefore, for both funders and founders, focus on these 5 M's in evaluating any successful entrepreneurial investment: (1) Management, (2) Momentum, (3) Model, (4) Motivation and (5) Market. As an active angel investor, I consider these 5 concepts on a regular basis when evaluating entrepreneurs for investments.

What is the 90% rule in stocks? ›

The 90/10 rule in investing is a comment made by Warren Buffett regarding asset allocation. The rule stipulates investing 90% of one's investment capital toward low-cost stock-based index funds and the remainder 10% to short-term government bonds.

How much should a beginner put in the stocks? ›

Some experts recommend at least 15% of your income. Setting clear investment goals can help you determine if you're investing the right amount.

What is the best way to learn how to invest? ›

You can seek out articles, books, and courses to educate yourself; use robo-advisors, automated apps and platforms, or financial specialists to manage your portfolio; or personally manage your own stock investments.

How to learn stock market from scratch? ›

Top ways to learn stock market as a beginner
  1. Read Books: Investors should read various books based on the Investment in the Stock Market. ...
  2. Analyze the Market: Investors should analyze the market in the best manner before investing their money. ...
  3. Online Courses: There are a lot of stock market online courses available.

What is the number one best investment? ›

11 best investments right now
  • High-yield savings accounts.
  • Certificates of deposit (CDs)
  • Bonds.
  • Money market funds.
  • Mutual funds.
  • Index Funds.
  • Exchange-traded funds.
  • Stocks.
May 15, 2024

What is the most sold financial book in the world? ›

Which is the most sold finance book in the world? Rich Dad, Poor Dad by Robert T. Kiyosaki is the best-selling finance book in the world.

Who wrote the best investment I ever made? ›

The Best Investment I ever made” is a story written by A.J. Cronin. This story narrates a touching episode from the author's early life as a doctor in London. The doctor (author) once happened to attend a misguided youth who attempted suicide.

What is the most successful investment fund? ›

Citadel, which ranked second in 2023, made $8.1 billion in profits after bringing in a record-breaking $16 billion in 2022. Its $74 billion in gains since inception rank it as the most successful hedge fund in history.

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