Investing can be a daunting task, especially for beginners. With so many options and strategies available, it can be difficult to know where to start. Rather than having to repeat the same old mistakes of new investors, it's useful – and it saves money – to gain the insight and wisdom of those who have been successful in the field. This is where investing books come in.
Having the best investing books to guide you down a safe and smart path can lead to financial satisfaction in the short and long term. In this article, we'll look at some of the best books on investing, including the best overall and the best for beginners.
Best Overall: 'Cashing Out: Win the Wealth Game by Walking Away' by Julien and Kiersten Saunders
This book is a must-read for anyone looking to improve their financial situation. The authors, Julien and Kiersten Saunders, are financial experts who share their experience and knowledge in a way that is both informative and engaging. The book covers a wide range of topics, including investing, debt management, and retirement planning. The authors provide practical advice on how to build wealth, and they do so in a way that is easy to understand and implement.
Best for Beginners: 'Broke Millennial Takes On Investing' by Erin Lowry
If you're new to investing, this book is a great place to start. Erin Lowry, the author, breaks down the basics of investing in a way that is clear and easy to understand. She covers topics such as stocks, bonds, and mutual funds, and provides practical advice on how to get started. The book also includes real-life examples and stories that help to illustrate the concepts she discusses.
Other Great Investing Books
In addition to the two books mentioned above, there are many other great investing books that can help you improve your financial situation. Some of the most popular include:
'The Intelligent Investor' by Benjamin Graham: This classic book is a must-read for anyone interested in investing. Graham is considered one of the most influential investors of all time, and his book provides timeless advice on how to invest wisely.
'A Random Walk Down Wall Street' by Burton Malkiel: Malkiel's book is a great introduction to the world of investing. He covers topics such as stocks, bonds, and mutual funds, and provides practical advice on how to build a diversified investment portfolio.
'The Little Book of Common Sense Investing' by John C. Bogle: Bogle is the founder of Vanguard, one of the largest mutual fund companies in the world. In his book, he advocates for a simple, low-cost approach to investing that anyone can follow.
E-books stand for what you think they would. They're electronic versions of books, or sometimes they're the only version of a book that's available. E-books are a great way to access investing books, as they are often cheaper than physical copies and can be downloaded instantly. Some popular investing e-books include:
'The Simple Path to Wealth' by JL Collins: This e-book provides a simple, straightforward approach to investing. Collins covers topics such as index funds, retirement planning, and debt management.
'The Bogleheads' Guide to Investing' by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf: This e-book is a great resource for anyone interested in following Bogle's low-cost investing approach. The authors cover a wide range of topics, including asset allocation, diversification, and tax-efficient investing.
Whether you're just getting started with investing or you're a professional day trader, these investing books are sure to increase your knowledge and improve your financial situation. You're ready to start making your dollar work for you, so here are the best books on investing to help you learn the basics and create a successful investment strategy. Want to learn how to be a better investor in 2023? Two classic books on long-term investing are out in new editions.