In this guide, we will review the most recognized investment books by the highest positive readership rating and the number of copies sold globally. Start your journey to financial wisdom today! Read also:How to Trade Stocks?What is Investing?6 Basic Rules of InvestingDividend Investing for Beginners10 Best Stock Trading Books for Beginners15 Most-Famous Investing Quotes of All-Time
#1 Ch. Merchant “On Investing Well: The Elements of Good Investing”
Ch. Merchant’s latest book introduces readers to a simplified investment process, its concepts, and methodologies. He places an emphasis on financial stability in the context of the twenty-first century. Year: 2019 Price: $12.99 (£9.86) According to Ch. Merchant, “many people face bigger or smaller problems while investing because they are focusing primarily on the methods of investing while disregarding its principles. They think that they can find the best way to invest, but there isn’t any magic formula to invest successfully. The secret of successful investments lies in their principles instead of their methods.”
#2 R. Ramsey “Personal Finance: Learn How Budgeting, Investing, Self Discipline, and Passive Income Can Help You Save Money”
R. Ramsey’s book is a personal finance and investment handbook for those who want more financial independence. It will help you develop your mindset, eliminate the debts, and teach you how to plan your budget. Year: 2018 Price: $17.64 (£17.42) The author discusses strategies used by the wealthy to protect their finances in the event of an accident. One of the most important chapters is on investments; it outlines the main ideas of where to invest for the optimal outcomes and what to avoid doing so.
#3 E. Tyson “Investing for Dummies”
“Investment for Dummies” is regarded as one of the greatest investing books of 2019, so if you didn’t get around to reading it then, you may do so in 2022. The author shares tried-and-tested advice on how to establish a successful investment strategy that matches the abilities and expectations of each investor and at the same time ensures slow but stable growth of one’s portfolio. Year: 2017 Price: $11.59 (£12.99)
#4 B. G. Malkiel, C. D. Ellis “The Elements of Investing: Easy Lessons for Every Investor”
This popular book concisely explains the key investing advice and techniques. The legal foundation that impacts investing, as well as the influence of the political climate, are both examined here. Year: 2013 Price: $17.73 (£12.61) The book contains a wealth of useful information from renowned investors B. Malkiel and C. Ellis. They attempt to show how each investor should deal with their biggest adversaries, fear and greed. The writers reveal their methodical approach to investing. According to the writers of the book, all that is required for a great investor is disciplined investment and confidence.
#5 J. Kay „The Long & The Short of It“
In his book, John Kay exposes various hardships that exist in the sector of contemporary finances. Complicated innovations of the current financial system and the basics of investing are described and presented at the same time. The work contains plenty of information on the “economic bubble” and the impact of economic crises on the stability of the international economy. Year: 2016 Price: $13.40 (£8.62) The book explains how to gather the finances into the only hands that can be deemed secure – your own:
every person reading this book will learn about what is required for an investment manager; the readers will find out about the possibilities of investing; they will get an understanding of the concepts of reliable investment as well as the research that underpins such ideas.
The author teaches to distinguish fact from fiction. In the book, he focuses primarily on risk, practical investment strategies and their application.
#6 M. Minervini “Trade Like A Stock Market Wizard”
M. Minervini is one of the most successful traders and investors in the USA, with 30 years of experience in speculative markets. His book is a great practical manual on how to implement technical analysis in real life. The piece is easy to read and offers intriguing insights and valuable techniques for investors. Year: 2013 Price: $19.18 (£14.90) M. Minervini introduces his method of brand securities market called SEPA, which provides great returns in almost any market while coordinating market management, self-analysis, and perseverance. The author explains at length:
what actions to take and how to not only preserve the capital but how to secure consistent three-digit returns as well; how to find the best stocks before their prices rise; how to avoid the expensive mistakes made by a lot of investors; how to manage losses and increase income; how to avoid situations of great risk; when to buy exactly and when to sell.
#7 A. Hallam “Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School”
By coordinating funds of cheap indexes and the so-called philosophy of value investing, this book reveals how an ordinary teacher created a portfolio worth a million US dollars. Year: 2016 Price: $14.99 (£11.77) The writer A. Hallam presents his thoughts consistently and humorously but at the same time with the clarity of a talented teacher. He reveals how those with remarkable abilities can make a fortune in the stock market. The most important conditions are to avoid investment products offered by financial advisors and to not pursue quick profits. The author explains why stock market crises are particularly beneficial to an investment portfolio and how you may quickly outperform many professionals in this field.
#8 R. Dalio “Principles: Life and Work”
This “New York Times” bestseller is written by one of the 100 most influential people in the business world according to “Time” magazine. “Principles: Life and Work” is in part an autobiography and an educational book. R. Dalio shares secrets and insights, describing how businesses, private individuals, and organizations may apply them in real life, enterprises, personal finances, and, of course, investments. Year: 2017 Price: $18.00 (£15.69) The “New York Times” considers Dalio’s book to be “surprisingly moving,” while Bill Gates claims that it contains “invaluable advice.” Even though the book was published in 2017, it continues to spark lively discussions even to date.
#9 S. Spicer „Stop Investing Like They Tell You“
The book “Stop Investing Like They Tell You” is a practical manual that will teach you how to eliminate potentially disastrous flaws in your investment portfolio. Spicer, who worked more than 5 years for a financial brokerage firm, found that his own investment approach differed considerably from the advice he frequently received. The author challenges the traditional paradigms of investing and helps investors to: Year: 2018 Price: $9.95 (£7.74)
grasp the 4 essential problems related to the investment portfolio; acquire more self-confidence; protect yourself better from market fluctuations; increase savings under any circumstances.
#10 T. D. Snow “Investing QuickStart Guide: The Simplified Beginner’s Guide to Successfully Navigating the Stock Market, Growing Your Wealth & Creating a Secure Financial Future”
This book will be useful to both novice and experienced investors who are seeking for new techniques and want to get “fresh” knowledge. The author of the book, T. D. Snow, has over 30 years of investing experience. Year: 2018 Price: $17.99 (£15.55) Snow’s piece contains valuable investment advice from prominent investing experts, namely W. Buffet, P. Lynch, B. Malkiel, and J. Altucher. The book differs from many traditional investment guides in its clarity and completeness, and the author does not steer away from sharing personal stories and insights. If you want to get acquainted with the stock market but you don’t know how and where to start, this book will provide you with key answers to essential questions. According to the author, the book has the potential to profoundly affect any reader’s financial future.
Classic Investment Books
#11 John C. Bogle “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns”
John C. Bogle (USA) is one of the most well-known investors of all time, celebrated as the creator of the first index strategy. He founded “Vanguard Group”, an investors’ consultancy firm with a capital of $5,3 trillion US dollars. Year: 2018 Price: $16.49 (£15.46) The author of one of the most famous books on finances holds a rather surprising view that most of the investors lose money on the stock exchange. But then J. C. Bogle reveals how he learnt to use circumstances to his advantage. C. Bogle describes the truths and techniques of investing in a concise and understandable manner. He states that the smartest thing to do while investing is to acquire the funds of cheap indexes, in this way covering as many companies as possible. More concretely, when the economy picks up and the industry expands, the investor earns a profit.
#12 B. G. Malkiel “A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing”
This book by B. G. Malkiel confidently took its place among the TOP 10 best books on investing of all time. It is designed for both amateurs and professionals interested in investing. You will find plenty of advice in this book about what works well and what doesn’t. More than 1,5 million copies of this book have been sold around the world. “Forbes” wrote: Year: 2016 Price: $14.59 (£13.57) The author develops a thought that investing is not necessarily time and energy-consuming management of a large investment portfolio. In the book, you will find not only helpful investment terms but also various investing strategies easily applied in lots of different situations. B. G. Malkiel concentrates on long-term investment rather than short-term profit schemes, while also teaching how to avoid the most prevalent mistakes.
#13 N. Hill “Think and Grow Rich” (editor of the 2015 release Ross Cornwell)
N. Hill is a writer and journalist from the United States, who pioneered the positive mental attitude theory, and this book is one of the best-selling books of all time. It was written during the years of the Great Depression and since then more than 100 million copies of this book were sold. Year: 1937/2015 Price: $13.80 (£10.31) N. Hill knew and interacted with many rich people. The author described at length the 13 principles that are essential for overcoming difficulties and achieving personal success. He also provides valuable insights into the philosophy of success and abundance.
#14 B. Graham “The Intelligent Investor”
This book is the most certain investing elementary, first published in 1949. People interested in both the investment theory and practice will love this work. B. Graham wrote on long-term investment strategies and how to avoid substantial investment mistakes. Year: 2003 Price: $13.39 (£11.98) Many people began investing after being inspired by this book. Truth be told, the newest edition of this book includes a commentary by J. Zweig, a US financial expert, who connects B. Graham’s ideas to current events.
#15 P. Lynch “One Up on Wall Street: How to Use What You Already Know to Make Money in The Market”
The book of P. Lynch is another essential read for everyone interested in investing. P. Lynch, a known investing expert, states that anyone can invest in the stock market successfully. He highlights the 3 factors of success: information, patience, and cleverness. Year: 2000 Price: $13.59 (£9.30) The content of this book is easily comprehensible, it contains advice on identifying if a company’s stocks are worth investing in, what numbers and data have significance and which have no influence on the worth of a business. It is beneficial for those who want to build a profitable investing portfolio. Investing is both an art and a science and in order to become a successful investor, one has to put in the effort. The majority of the books mentioned in this article accentuate that one does not become a great investor in one night: you need to refine your skills, examine the market and practice over a long time.
