If you are new to investing the amount of information available to you can seem overwhelming, so I have created a list of the 3 best investing books for beginners. These books will help you to learn the basics of investing and become confident enough to start investing for yourself.
When I was just getting into investing I read as many books and publications as I could, including these books and many more. I have selected these 3 books specifically because I think they will help you gain the most foundational investing knowledge as quickly as possible.
And even if you consider yourself an intermediate or advanced investor, these books are still a great read for investors of all levels. These investing books for beginners will help you start off on the right track toward becoming wealthy through investing.
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
By Burton G. Malkiel
If you only have time to read one investing book, read this one. I think this is the best book for beginners because it simply explains so many concepts about investing. The book also covers some history of investing and stock markets, the behavioral side of investing, and portfolio management.
The long-term investing strategies are suitable for almost any investor. You will not be disappointed with reading this book.
By Benjamin Graham
Warren Buffett has long touted this book as being the best investing book ever written. Benjamin Graham, Warren Buffett’s mentor, wrote this book in 1949 and it remains an investing classic today.
The book focuses on value investing, for which Graham and Buffett are well known. Value investing is about how to identify stocks that are trading below their intrinsic value. Graham covers how to analyze individual companies and their management values. The book also covers some history of the stock market, how to analyze a stock, and portfolio diversification.
Bogleheads’ Guide to Investing
By Mel Lindauer, Taylor Larimore, Michael LeBoeuf
This book was written explain the investing strategy of the many investors that followed John C. Bogle, founder of Vanguard and creator of the index fund. This simple and straightforward strategy outperforms many other investors.
This book is a great read for investors because it covers the basics of investing and presents simple but effective and proven strategies for investing. It also covers a variety of adjacent topics to investing such as personal finance, insurance, retirement planning, and estate planning / inheritance. All around this is a great book on investing and personal finance. John C. Bogle himself wrote the forward for this book.
If you are interested in learning more about investing and how to build wealth and passive income, a wealth of knowledge available to you. I highly recommend continuing to read more books on the subject. Additionally there are many great resources on the internet that can help you learn more about investing, including this website. Below are a few additional articles that I recommend for beginning investors, as well as some other great resources.
- How to start investing (4 step beginner’s guide)
- How to build a diversified investment portfolio
- Dollar cost averaging explained
Here are some additional resources I recommend: