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1 by Andrew Tobias
If you are truly just starting out in your investing journey, this book is a great place to start. You’ll learn tips on and get excellent advice on what to avoid in the financial world. Tobias has a great sense of humor, so the book is fun to read even if finance and investing aren’t your favorite subjects. “The Only Investment Guide You’ll Ever Need” was first published in the 1970s, but was recently updated and has stood the test of time. It’s a great first step on your journey to being a knowledgeable investor. 2 by John Bogle
Vanguard Group founder John Bogle, who died in 2019, spent his career advocating for and providing products and services that benefited everyday investors. wrote in 2017 that if a statue were ever built to honor the person who had done the most for U.S. investors, the choice should be Bogle. Bogle was a massive proponent of and keeping costs to a minimum, allowing more of the market’s returns to end up in shareholders’ pockets instead of fund managers’. His book shows you why it’s so important to keep costs low when you’re investing and touches on taxes, mean reversion, bonds and . 3 by William Green
Written in 2021, this book by William Green has quickly earned a reputation as one of the best books on investing. In it, Green profiles several different legendary investors, including Mohnish Pabrai, Howard Marks, Charlie Munger and Nick Sleep, and shows readers what lessons can be learned from each of them. Many of the investors profiled share common traits such as independence, resilience, simplicity and clarity of thought. Reading about the journeys of these great investors and the different paths they took to achieving great wealth is inspiring and filled with lessons about how to succeed in investing and life. 4 by Warren Buffett and Lawrence Cunningham
is one of the clearest thinkers on the subject of investing the world has ever seen and he’s been gracious enough to write many of his thoughts down in the form of his letters to Berkshire Hathaway shareholders. Lawrence Cunningham, a professor at George Washington University’s Law School, organized the letters by subject matter, such as corporate governance, mergers and acquisitions, valuation and accounting. Despite their complex topics, the book isn’t difficult to read. Buffett has said that he writes the letters thinking of his sisters, who were smart and interested in business, but not as well-versed as he is in the matter. Readers will come away with a valuable education in business and investing. 5 by Joel Greenblatt
As a hedge fund manager in the 1980s and ‘90s, Joel Greenblatt generated annualized returns of about 50 percent. Since then, he has spent some of his time teaching and writing books, hoping to help others generate better investment returns. In “The Little Book That Beats The Market,” Greenblatt lays out his magic formula for identifying great businesses that are . The book uses simple math and is written so that anyone can understand the concepts being discussed. Whether you adopt the formula yourself or not, the book is one of the best at showing how and why a simple strategy can generate outstanding returns over time. 6 by Peter Lynch
Peter Lynch was a household name in the 1980s, managing Fidelity’s famed Magellan Fund. During the 13 years Lynch managed the fund, its assets grew to $14 billion from $18 million and outperformed the by a wide margin. “One Up On Wall Street” lays out Lynch’s investing philosophy and how regular people can outperform professional investors by sticking to what they know and keeping their eyes peeled for stock ideas. He convinces readers that they can find the next great stock by paying attention when they’re at the grocery store or the mall (or perhaps shopping online today). Lynch’s tips may help you identify a “10-bagger,” or a stock that returns 10 times its purchase price. 7 by Morgan Housel
Though not solely focused on investing, “The Psychology of Money” is an excellent and practical book that focuses on the many ways that consuemrs make decisions about money. Oftentimes, economists and financial experts assume that people are perfectly rational when they make decisions about their finances, but we know that could not be further from the truth. Housel uses 19 short stories to illustrate how people behave when making money decisions and shows you how to think more clearly about your financial journey. By understanding the many traps that can prevent you from , you’ll hopefully avoid them and learn how to behave better throughout your financial life. 8 by Brandon Turner
Most people think of the stock market when it comes to investing their money, but it’s not the only game in town. can also build wealth and its physical nature can sometimes be easier to comprehend for people than the stock market, which can feel abstract. In this book, Brandon Turner lays out how to make money through rental properties, taking you through the whole process of buying your first unit, to collecting those rent payments. If you’ve ever wondered how to make money through real estate, this book is a great place to start. 9 by JL Collins
If you’re tired of complicated and confusing explanations of financial issues from so-called experts, this book is for you. This book, which grew out of a series of letters to Collins’ daughter, tackles most of life’s financial issues in a simple, easy-to-understand way. New and experienced readers alike will benefit from the book’s clarity on issues such as debt, the stock market and how to build wealth. Collins highlights the importance of understanding your financial life so that you aren’t taken advantage of by the “charlatans of the financial world.” Reading this book will likely save you money and make it more likely that you’ll achieve your financial goals. 10 by Bola Sukunbi
Women are one of the groups most underserved by the financial industry, and this book seeks to address that issue by being straightforward and understandable. It doesn’t try to impress readers with complex topics, but rather sticks to what you need to know to start investing. You’ll learn how the stock market works as well as key concepts like , and the . Once you’ve got the basics down, the book focuses on how to research investments and where to make purchases once you’re ready. It’s a great choice for recent graduates and those early in their careers. SHARE: Bankrate reporter Brian Baker covers investing and retirement. He has previous experience as an industry analyst at an investment firm. Baker is passionate about helping people make sense of complicated financial topics so that they can plan for their financial futures. Brian Beers is the managing editor for the Wealth team at Bankrate. He oversees editorial coverage of banking, investing, the economy and all things money. Related Articles