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BEAST INVESTOR

Starting to invest can be intimidating.

Especially if you’re not sure where to start and have no idea what you’re doing.

Fortunately, there are lots of great investing books out there that will help guide you as you begin your journey as an investor.

Whether you’re just getting started or you want to brush up on your skills to make better choices going forward.

Whether you want to focus on your retirement accounts or dive into the stock market with full force, these are the 15 best investing books for beginners.

15 Best Investing Books for Beginners

 

1) Retire Rich Invest Rs.40 A Day By P V Subramanyam 

Best Investing Books for Beginners/ retire rich

You don’t need a ton of money to start investing. If you have Rs.40 per day, you can start investing. And you could be retired within 15 years if all goes well. This book is written by P V Subramanyam, who is one of India’s most-followed investor bloggers.

He writes more on mutual funds but recently has written more on stocks as well. Many have found his writing style engaging and easy to follow. So far, based on reviews at Amazon, Retire Rich is arguably one of his best investing books yet. In it, he explains how he would recommend an 18-year old begin investing. And discusses retirement ideas among other topics including diversification.

Much like other authors such as Sharad Jain or Parag Parikh, Subramanyam believes it’s not important when you start saving up so much as it is that you save some amount every month (the exact amount depends). It will feel painful at first (especially when we look at what we could be spending those rupees on instead). But over time those small sacrifices will make a huge difference.

 

2) The Intelligent Investor by Benjamin Graham

Best Investing Books for Beginners/ the intelligent investor

Considered by many to be one of, if not, The Bible of investing. Written in 1949, it’s considered a timeless masterpiece on how to invest, with timeless advice and anecdotes that ring true even today. It’s an investment classic — and it is worth reading cover-to-cover at least once before making any significant financial decisions.

 

I believe it is right up there with Adam Smith’s Wealth of Nations and Alfred Marshall’s Principles as perhaps one of greatest books ever written on investing, writes John Bogle, founder of Vanguard Group Inc., in his 1997 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor. More recent reviews describe The Intelligent Investor as the best book ever written on value investing. This is Buffett’s favorite book!

 

3) Beating the Street by Peter Lynch

Best Investing Books for Beginners/ beating the street

Peter Lynch may be best known for managing Fidelity’s Magellan Fund, a mutual fund with over $14 billion in assets that averaged returns of 29% per year between 1977 and 1990. During his tenure as manager, he led the fund to eleven first-place finishes out of thirteen years.

The book includes tips on investing, including Lynch’s ten commandments (he calls them keys) to stock-picking. Some investors know Lynch as an investor who popularized small-cap stocks–shares of companies worth less than $1 billion.

 

4) Common Stocks and Uncommon Profits by Philip Fisher

Best Investing Books for Beginners

While not specifically targeted to beginning investors, Fisher’s book serves as a good introduction to value investing. And can help beginner investors recognize when they’re overpaying. It’s also fun and easy to read. This is useful if you’re new to investing and aren’t sure if you want to stick with it.

 

The Little Book of Common Sense Investing by Jack Bogle. This little gem from Vanguard founder Jack Bogle is a must-read for any beginner looking at mutual funds, ETFs, or any other investment vehicle that isn’t an individual stock.

 

5) Value Investing From Graham to Buffett and Beyond by Bruce Greenwald, Judd Kahn, Michael Mauboussin

Best Investing Books for Beginners

Graham may have pioneered value investing in Security Analysis, but that doesn’t mean his lessons are stale. Far from it—Greenwald and Kahn believe Graham’s core ideas are more relevant than ever before. In Value Investing, they adapt Graham’s techniques to today’s markets while showing how Buffett and other great investors built on Graham’s legacy.

With loads of case studies, examples, and end-of-chapter questions, readers will find both practical wisdom and inspiration in Greenwald and Kahn’s book.

 

6) The Essays of Warren Buffett by Lawrence A. Cunningham

Best Investing Books for Beginners

In The Essays of Warren Buffett, the legendary investor and CEO of Berkshire Hathaway Warren Buffett shares his advice about business, investing, and life. In these pages, you’ll find myriad insights that can be gleaned from a lifetime of astute investment analysis as well as invaluable wisdom on personal finance and life in general.

This book is a perfect starting point for anyone interested in following Buffett’s example in their own lives.

 

7) 100 Baggers: Stocks That Return 100-to-1 and How To Find Them by Christopher W. Mayer

Best Investing Books for Beginners

One of my favorite investing books, 100 Baggers shows you how to identify stocks that could produce massive returns. Mayer reveals 30 names of companies that have a history of returning more than 100 times their original cost. While these types of investments are rare, they do exist and can provide a huge payoff if you’re willing to invest in high-risk stocks.

This book walks you through how these opportunities have played out historically. If you’re looking for a single book on small-cap stocks, or just want to know what it takes to be successful as an investor, 100 Baggers is your go-to resource. Be sure to check out our other recommended investing books if you’re interested in learning about diversification and index funds too.

 

8) The Little Book of Common Sense Investing by John Bogle

Best Investing Books for Beginners

John Bogle is best known as the founder of Vanguard, one of America’s largest investment management companies. His first book, The Little Book of Common Sense Investing, offers a straightforward framework for getting solid returns on your investments: Put your money in low-cost index funds and then sit back and watch it grow. You might not make as much money as you could with more aggressive or complicated strategies—but you’ll save yourself a lot of stress.

 

9) The Neatest Little Guide to Stock Market Investing by Jason Kelly

Best Investing Books for Beginners

Perhaps you know nothing about investing, but you want to get started. Perhaps you’ve tried before and failed, or maybe you’re overwhelmed by all of those numbers and graphs in your portfolio. Maybe you’ve never even heard of investing.

This book is for you. A short read at 192 pages, The Neatest Little Guide to Stock Market Investing: 10 Easy Lessons to Help You Start Investing Now will help get beginners on their way to successful investing.

 

10) Money Master the Game by Tony Robbins

Best Investing Books for Beginners

This book is a comprehensive overview of investment vehicles. And strategies that Robbins refers to as The 7 Pillars of Wealth. These pillars include personal finance, real estate, small business, investing, entrepreneurship, philanthropy, and insurance.

Robbins is known to be an enthusiastic public speaker. And his energy transfers over into his writing style, making it enjoyable and easy to read. This book can be a challenge because of its size (600+ pages). But reading just one chapter per week would give you enough time to finish in about 6 months.

 

11) Coffee Can Investing: The Low-Risk Road to Stupendous Wealth by Saurabh Mukherjea

Best Investing Books for Beginners

A recent survey showed that many of India’s millionaires are Coffee Can Investors. In his popular book, Coffee Can Investing, Mumbai-based writer and investor Saurabh Mukherjea explains how ordinary people can adopt a systematic approach to investing by putting aside small amounts regularly. The system involves investing small amounts in a broad portfolio of mutual funds. And holding it over an extended period, generally 10 years or more.

This has been tested over decades by research institutions like Dalbar who have found that such an approach can result in beating markets consistently with lower risk. Even if you lose money along the way during periods of high volatility, all you need to do is hold on—the longer-term trend will always be your friend!

 

12) The Psychology of Money by Morgan Housel

Best Investing Books for Beginners

People tend to buy high and sell low. Our emotions play a big role in how we approach our investment decisions. But that doesn’t mean you can’t train yourself to make smarter choices. To help you do that, Morgan Housel dissects common psychological biases in The Psychology of Money and presents ideas on how to overcome them. If you want to become a better investor—and get ahead of Wall Street—this book is an essential read.

According to Housel, we’re often too optimistic about prices going up or too pessimistic about prices going down. To counteract those tendencies, Housel suggests spending some time each week reading articles from contrarian economists, who are more likely than market participants as a whole to have accurate views about short-term price fluctuations.

 

13) One Up On Wall Street: How to Use What You Already Know to Make Money in the Market

Best Investing Books for Beginners

This classic book is written by stock market expert Peter Lynch. The book talks about how common knowledge of certain factors can be used to make profitable decisions in businesses. Whether one is an individual investor or a professional on Wall Street. In fact, many investors have used what they have learned from reading it to invest their money successfully in stocks and other investments.

Since its release in 1989, it has been updated three times. Most recently by John Rothchild and Nancy Koehn in 2000. If you are interested in learning more about investing while also making some money at it, then you should read One Up On Wall Street. This book will show you how investing is not as difficult as you might think it is.

 

14) The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai

Best Investing Books for Beginners

Investors have long favored books by Warren Buffett and Benjamin Graham, but Mohnish Pabrai may be Buffett’s true successor. The Dhandho Investor provides a modernized version of Graham’s value-investing techniques. And makes them accessible to all investors in any market.

In his book, Pabrai explains how he applies Graham’s techniques to global stock markets. He includes quotes from fellow investors like Bill Ackman, who has praised Pabrai as one of my favorite practitioners of value investing, if not my single favorite.

 

15) How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition (PERSONAL FINANCE & INVESTMENT) by William J. O’Neil

Best Investing Books for Beginners

For novice investors who are looking to learn more about how to make money in stocks, William O’Neil’s book How to Make Money in Stocks is a classic. O’Neil writes in an engaging, conversational tone that explains what makes stocks rise and fall. (The company he founded is still a leader in financial news services.)

He also stresses several key investing tips that have been consistent throughout his career. Invest with companies you know and do your homework on them; look at Wall Street as your partner, not your enemy; keep it simple by using stop-losses and mental stops; understand market cycles; and of course, buy low, sell high. The new edition includes current events, such as what impact Federal Reserve interest rates have on stocks.

 

Conclusion

There are many books on investing out there. But these are the best investing books for beginners. Probably some of your best bets if you’re looking to gain an overall understanding of how investing works. As well as which factors determine whether a stock or bond is likely to be successful (and at what price).

If you’re just looking to get started, though, don’t worry. You don’t need a college degree in finance to begin researching investments on your own. For example, read blogs and stay informed about world events. So that you have a better understanding of what might affect investments over time.

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15 Best Investing Books for Beginners (2022)