Learning how to manage your own finances and put your money to work successfully can be challenging for those who are just starting out. Therefore, this article will focus on introducing the top 15 books on investing.
In this investing guide, we will review the most recognized investment books by the highest positive readership rating and the number of copies sold globally. Start your journey to financial wisdom today!
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#1 Ch. Merchant “On Investing Well: The Elements of Good Investing”
Rating: 5 out of 5
Year: 2019
Price: $12.99 (£9.86)
Ch. Merchant’s latest book introduces readers to a simplified investment process, its concepts, and methodologies. He places an emphasis on financial stability in the context of the twenty-first century.
According to Ch. Merchant, “many people face bigger or smaller problems while investing because they are focusing primarily on the methods of investing while disregarding its principles. They think that they can find the best way to invest, but there isn’t any magic formula to invest successfully. The secret of successful investments lies in their principles instead of their methods.”
#2 R. Ramsey “Personal Finance: Learn How Budgeting, Investing, Self Discipline, and Passive Income Can Help You Save Money”
Rating: 4,8 out of 5
Year: 2018
Price: $17.64 (£17.42)
R. Ramsey’s book is a personal finance and investment handbook for those who want more financial independence. It will help you develop your mindset, eliminate thedebts, and teach you how to plan your budget.
The author discusses strategies used by the wealthy to protect their finances in the event of an accident. One of the most important chapters is on investments; it outlines the main ideas of where to invest for the optimal outcomes and what to avoid doing so.
#3 E. Tyson “Investing for Dummies”
Rating: 4,4 out of 5
Year: 2017
Price: $11.59 (£12.99)
“Investment for Dummies” is regarded as one of the greatest investing books of 2019, so if you didn’t get around to reading it then, you may do so in 2024. The author shares tried-and-tested advice on how to establish a successful investment strategy that matches the abilities and expectations of each investor and at the same time ensures slow but stable growth of one’s portfolio.
#4 B. G. Malkiel, C. D. Ellis “The Elements of Investing: Easy Lessons for Every Investor”
This popular book concisely explains the key investing advice and techniques. The legal foundation that impacts investing, as well as the influence of the political climate, are both examined here.
The book contains a wealth of useful information from renowned investors B. Malkiel and C. Ellis. They attempt to show how each investor should deal with their biggest adversaries, fear and greed. The writers reveal their methodical approach to investing.
According to the writers of the book, all that is required for a great investor is disciplined investment and confidence.
#5 J. Kay „The Long & The Short of It“
Rating: 4,4 out of 5
Year: 2016
Price: $13.40 (£8.62)
In his book, John Kay exposes various hardships that exist in the sector of contemporary finances. Complicated innovations of the current financial system and the basics of investing are described and presented at the same time. The work contains plenty of information on the “economic bubble” and the impact of economic crises on the stability of the international economy.
The book explains how to gather the finances into the only hands that can be deemed secure – your own:
- every person reading this book will learn about what is required for an investment manager;
- the readers will find out about the possibilities of investing;
- they will get an understanding of the concepts of reliable investment as well as the research that underpins such ideas.
The author teaches to distinguish fact from fiction. In the book, he focuses primarily on risk, practical investment strategies and their application.
#6 M. Minervini “Trade Like A Stock Market Wizard”
Rating: 4,7 out of 5
Year: 2013
Price: $19.18 (£14.90)
M. Minervini is one of the most successful traders and investors in the USA, with 30 years of experience in speculative markets. His book is a great practical manual on how to implement technical analysis in real life. The piece is easy to read and offers intriguing insights and valuable techniques for investors.
M. Minervini introduces his method of brand securities marketcalled SEPA, which provides great returns in almost any market whilecoordinating market management, self-analysis, and perseverance. Theauthor explains at length:
- what actions to take and how to not only preserve the capital but how to secure consistent three-digit returns as well;
- how to find the best stocks before their prices rise;
- how to avoid the expensive mistakes made by a lot of investors;
- how to manage losses and increase income;
- how to avoid situations of great risk;
- when to buy exactly and when to sell.
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#7 A. Hallam “Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School”
Rating: 4,7 out of 5
Year: 2016
Price: $14.99 (£11.77)
By coordinating funds of cheap indexes and the so-called philosophy of value investing, this book reveals how an ordinary teacher created a portfolio worth a million US dollars.
The writer A. Hallam presents his thoughts consistently and humorously but at the same time with the clarity of a talented teacher. He reveals how those with remarkable abilities can make a fortune in the stock market. The most important conditions are to avoid investment products offered by financial advisors and to not pursue quick profits.
The author explains why stock market crises are particularly beneficial to an investment portfolio and how you may quickly outperform many professionals in this field.
#8 R. Dalio “Principles: Life and Work”
This “New York Times” bestseller is written by one of the 100 most influential people in the business world according to “Time” magazine. “Principles: Life and Work” is in part an autobiography and an educational book. R. Dalio shares secrets and insights, describing how businesses, private individuals, and organizations may apply them in real life, enterprises, personal finances, and, of course, investments.
The “New York Times” considers Dalio’s book to be “surprisingly moving,” while Bill Gates claims that itcontains “invaluable advice.” Even though the book was published in 2017, it continues to spark lively discussions even to date.
#9 S. Spicer „Stop Investing Like They Tell You“
Rating: 4,1 out of 5
Year: 2018
Price: $9.95 (£7.74)
The book “Stop Investing Like They Tell You” is a practical manual that will teach you how to eliminate potentially disastrous flaws in your investment portfolio. Spicer, who worked more than 5 years for a financial brokerage firm, found that his own investment approach differed considerably from the advice he frequently received. The author challenges the traditional paradigms of investing and helps investors to:
- grasp the 4 essential problems related to the investment portfolio;
- acquire more self-confidence;
- protect yourself better from market fluctuations;
- increase savings under any circ*mstances.
#10 T. D. Snow “Investing QuickStart Guide: The Simplified Beginner’s Guide to Successfully Navigating the Stock Market, Growing Your Wealth & Creating a Secure Financial Future”
Rating: 4,1 out of 5
Year: 2018
Price: $17.99 (£15.55)
This book will be useful to both novice and experienced investors who are seeking for new techniques and want to get “fresh” knowledge. The author of the book, T. D. Snow, has over 30 years of investing experience.
Snow’s piece contains valuable investment advice from prominent investing experts, namely W. Buffet, P. Lynch, B. Malkiel, and J. Altucher.
The book differs from many traditional investment guides in its clarity and completeness, and the author does not steer away from sharing personal stories and insights.
If you want to get acquainted with the stock market but you don’t know how and where to start, this book will provide you with key answers to essential questions. According to the author, the book has the potential to profoundly affect any reader’s financial future.
Classic Investment Books
John C. Bogle (USA) is one of the most well-known investors of all time, celebrated as the creator of the first index strategy. He founded “Vanguard Group”, an investors’ consultancy firm with a capital of $5,3 trillion US dollars.
The author of one of the most famous books on finances holds a rather surprising view that most of the investors lose money on the stock exchange. But then J. C. Bogle reveals how he learnt to use circ*mstances to his advantage.
C. Bogle describes the truths and techniques of investing in a concise and understandable manner. He states that the smartest thing to do while investing is to acquire the funds of cheap indexes, in this way covering as many companies as possible. More concretely, when the economy picks up and the industry expands, the investor earns a profit.
#12 B. G. Malkiel “A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing”
Rating: 4,6 out of 5
Year: 2016
Price: $14.59 (£13.57)
This book by B. G. Malkiel confidently took its place among the TOP 10 best books on investing of all time. It is designed for both amateurs and professionals interested in investing. You will find plenty of advice in this book about what works well and what doesn’t. More than 1,5 million copies of this book have been sold around the world. “Forbes” wrote:
“Not more than halfa dozen really good books about investing have been written in thepast fifty years. This one may well belong in the classic category.”
The author develops a thought that investing is not necessarily time and energy-consuming management of a large investment portfolio. In the book, you will find not only helpful investment terms but also various investing strategies easily applied in lots of different situations. B. G. Malkiel concentrates on long-term investment rather than short-term profit schemes, while also teaching how to avoid the most prevalent mistakes.
#13 N. Hill “Think and Grow Rich” (editor of the 2015 release Ross Cornwell)
Rating: 4,6 out of 5
Year: 1937/2015
Price: $13.80 (£10.31)
N. Hill is a writer and journalist from the United States, who pioneered the positive mental attitude theory, and this book is one of the best-selling books of all time. It was written during the years of the Great Depression and since then more than 100 million copies of this book were sold.
N. Hill knew and interacted with many rich people. The author described at length the 13 principles that are essential for overcoming difficulties and achieving personal success. He also provides valuable insights into the philosophy of success and abundance.
#14 B. Graham “The Intelligent Investor”
This book is the most certain investing elementary, first published in 1949. People interested in both the investment theory and practice will love this work. B. Graham wrote on long-term investment strategies and how to avoid substantial investment mistakes.
Many people began investing after being inspired by this book. Truth be told, the newest edition of this book includes a commentary by J. Zweig, a US financial expert, who connects B. Graham’s ideas to current events.
#15 P. Lynch “One Up on Wall Street: How to Use What You Already Know to Make Money in The Market”
Rating: 4,5 out of 5
Year: 2000
Price: $13.59 (£9.30)
The book of P. Lynch is another essential read for everyone interested in investing. P. Lynch, a known investing expert, states that anyone can invest in the stock market successfully. He highlights the 3 factors of success: information, patience, and cleverness.
The content of this book is easily comprehensible, it contains advice on identifying if a company’s stocks are worth investing in, what numbers and data have significance and which have no influence on the worth of a business. It is beneficial for those who want to build a profitable investing portfolio.
Investing is both an art and a science and in order tobecome a successful investor, one has to put in the effort. Themajority of the books mentioned in this article accentuate that onedoes not become a great investor in one night: you need to refineyour skills, examine the market and practice over a long time.
Please note: The price of each book can differ depending on the decisions of the Amazon platform which are not coordinated with our website.
Investment Books FAQs
Why should I buy an investment book?
The best investing books offer insightful tips on how to build your wealth while minimizing the risks of losses. Whether you are experienced or just starting out with your first investment, a good understanding of the trends and rules is important. The books have well-documented techniques and insights from the investors who have already excelled in the industry that you want to venture into. Read to know how and why others have been so successful before you invest your money.
How do I choose the right investment book?
Before acquiring your investment book, it is important to determine what industry you want to invest your money into. Many books are available covering different industries. There are several books available that address various industries. As a result, always evaluate your needs and goals before determining the right industry for you. Then, search for the best books that cover the sector and read reviews from the previous readers. The books that have worked for the majority of previous readers will most likely work for you as well.
Are old investment books still a worthy read today?
It all depends on the content of a particular book. Some investment books offer information about certain market trends that may change over time and render the information obsolete. However, the investment books that cover various investing principles are timeless. Experts advise that you should read the aforementioned books since they are guaranteed to teach you about the fundamentals of the investment world.
What should you avoid when buying an investment book?
Experts advise you to avoid any book that promises to teach you how to get rich instantly with little investment. In most cases, such books do not offer legitimate strategies since they are based on luck and unscrupulous investment strategies. Also, the investment books that come with success guarantees and require you to subscribe to premium services to get more investment information are a ‘no-go zone’.
What is the price range for legit investment books?
The price depends on the retailer from which you want to get the book and the amount of information the book has on offer. However, the most reputable investment books cost between $5 and $50 with the majority of them ranging from $10 to $25. The price may be higher in some cases. Always do thorough background checks on any investment book that you want to buy to ensure that you get value for your money.
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