5 best investment books for beginners.

The Intelligent Investor

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies—has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig. Jason’s perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

The Essays of Warren Buffett: Lessons for Corporate America

It’s the definitive book on Warren Buffett’s views on everything from investing to management. A classic curated collection of his famous shareholder letters, masterfully arranged according to the topic by long-time Buffett’s expert Lawrence Cunningham.

How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started

How to Invest in Real Estate will catapult you 5-10 years ahead of where you are now. The content-rich chapters and corresponding stories of real estate investors give you guidance from the top real estate professionals.

The Little Book That Beats the Market

Two years in MBA school will not teach you how to double the market’s return. Two hours with The Little Book That Beats the Market will.

In The Little Book, Joel Greenblatt, Founder and Managing Partner at Gotham Capital (with average annualized returns of 40% for over 20 years), does more than simply set out the basic principles for a successful stock market investing. He provides a magic formula, that is easy to use, and makes buying good companies at bargain prices automatic. Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using 6th-grade math, plain language, and humor. You will learn how to use this low-risk method to beat the market and professional managers by a wide margin. You will also learn how to view the stock market, why success eludes almost all individual and professional investors, and why the formula will continue to work even after everyone knows it.

Bogle On Mutual Funds: New Perspectives For The Intelligent Investor

Certain books have redefined the way we view the world of finance and investing―books that should be on every investor’s shelf. Bogle On Mutual Funds―the definitive work on mutual fund investing by one of finance’s great luminaries―is just such a work, and has been added to the catalog of Wiley’s Investment Classic collection. Updated with a new introduction by expert John Bogle, this comprehensive book provides investors with the wisdom of one of the pioneers of mutual funds to help you identify and execute the ideal mutual fund investment choices for your portfolio.

The former Vanguard Chief Executive, Bogle has long been mutual funds’ most outspoken critic. In this classic book, he guides what you should and should not believe when it comes to mutual funds, along with the story of persistence and perseverance that led to this seminal work. You will learn the differences between common stock, bond, money market, and balanced funds and why a passively managed “index” fund is a smarter investment than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. Bogle reveals the truth behind the advertising, the mediocre performance, selfishness, and highlights common investor mistakes.

  • Consider the risks and rewards of investing in mutual funds.
  • Learn how to choose between the four basic types of funds.
  • Choose the lower-cost, more reliable investment structure.
  • See-through misleading advertising, and watch out for pitfalls.

Take a look into this timeless classic and let Bogle On Mutual Funds show you how to invest in mutual funds the right way, with the expert perspective of an industry leader.

Bonus for staunch readers

The Four Pillars of Investing: Lessons for Building a Winning Portfolio

The classic guide to constructing a solid portfolio—without a financial advisor! “With relatively little effort, you can design and assemble an investment portfolio that, because of its wide diversification and minimal expenses, will prove superior to the most professionally managed accounts. Great intelligence and good luck are not required.“ William Bernstein‘s commonsense approach to portfolio construction has served investors well during the past turbulent decade—and it is what made The Four Pillars of Investing an instant classic when it was first published nearly a decade ago.

This down-to-earth book lays out in easy-to-understand prose the four essential topics that every investor must master.
1- The relationship between risk and reward,
2- The history of the market,
3- The psychology of the investor and the market,
4- The folly of taking financial advice from investment salespeople. Bernstein pulls back the curtain to reveal what goes on in today‘s financial industry as he outlines a simple program for building wealth while controlling risk. Straightforward in its presentation and generous in its real-life examples, The Four Pillars of Investing presents a no-nonsense discussion of The art and science of mixing different asset classes into an effective blend. The dangers of actively picking stocks, as opposed to investing in the whole market. Behavioral finance and how the state of mind can adversely affect decision-making. Reasons the mutual fund and brokerage industries, rather than your partners, are often your most direct competitors.

Strategies for managing all of your assets/savings, 401(k)s and home equity as one portfolio Investing is not a destination but is a journey. And along the way are stockbrokers, journalists, and mutual fund companies whose interests are opposed to yours. More relevant today than ever, The Four Pillars of Investing shows you how to determine your financial direction and assemble an investment program with the sole goal of building long-term wealth for you and your family.

Broke Millennial Takes On Investing: A Beginner’s Guide to Leveling Up Your Money

Millennials want to learn how to start investing. The problem is that most have no idea where to begin. There is a significant lack of information out there catering to the concerns of new millennial investors, such as:

*  Should I invest while paying down student loans?
*  How do I invest in a socially responsible way?
*  What about Robo-advisors and apps–are any of them any good?
*  Where can I look online for investment advice?

In this second book, in the Broke Millennial series, Erin Lowry answers those questions and delivers all of the investment basics in one easy-to-digest package. Tackling topics ranging from common terminology to how to handle your anxiety to retirement savings and even how to buy and sell a stock, this hands-on guide will help any investment newbie become a confident player in the market on their way to building wealth.

The Simple Path to Wealth

“In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement, and the tools to forge your way through with confidence. You’ll never find a wiser advisor with a bigger heart.” — Malachi Rempen: Filmmaker, cartoonist, author, and self-described ruffian.

This book grew out of a series of letters to my daughter concerning various things—mostly about money and investing—she was not yet quite ready to hear. Since money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical.

“But Dad,” she once said, “I know money is important. I just don’t want to spend my life thinking about it.” That was eye-opening. I love this stuff. But most people have better things to do with their precious time, Bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, and businesses to run.

Unfortunately, benign neglect of things financially leaves you open to the charlatans of the financial world. The people make investing endlessly complex because if it is complex, it becomes more profitable for them, more expensive for us, and we are forced into their waiting arms.

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