Best Books to Learn About Investing: A Guide for Young Investors
So you’re in college, working hard to earn your degree. Right now, all your worries must be related to a hefty academic load, tight deadlines, and other study-related things, and you might barely have time for rest and leisure, not to say for self-education. But have you ever wondered what you can learn now on your own to create a brighter future for yourself?
The investment market size has skyrocketed in recent years. According to the most recent Investments Global Market Report, this industry has picked up a lot of pace with a fairly high compound annual growth rate (CAGR) of 7.3%. It rose from $3964.52 billion in 2023 to $4254.18 billion in 2024. Now, it is expected to reach the point of $5680.1 billion in 2028, making it quite a lucrative field to get into as a student.
Although it might be associated with certain risks, wise investing can help students become more financially literate, build positive habits, learn to assess and manage risks and secure their financial future. If you also want to get into it, your college years might be the best time to educate yourself and start investing. Delegate your current college worries to a reputable Write My Paper service to save time for self-learning and explore the best books to learn about investing to hop on your financial journey!
Best Investing Books: 6 Options for Beginners
1. Poor Charlie’s Almanack
Charles T. Munger was a famous American investor, businessman, and philanthropist. In 2023 (right before his death), he could boast a solid net worth of $2.6 billion. Throughout his career, Munger developed an entire investment philosophy – “Elementary, worldly wisdom,” which consists of different mental models organized in the form of a latticework that aims to help people solve critical business and investing problems. In his “Poor Charlie’s Almanack,” Munger shares his not casual approach to investing in a simple, beginner-friendly manner. And it’s been numerously called one of the best books on investing.
2. The Intelligent Investor
If there is a true financial desk book, then it must be Benjamin Graham’s famous bestseller. First published in 1949, it is still considered the only book beginners need to read to grasp the basic principles of investing. Graham was an investor, professor, and financial analyst. For decades, he held the title of the “father of value investing.” In his book, he breaks down timeless strategies of long-term investing, making them sound simple and accessible to everyone. Not without a reason, it’s called one of the best investing books for beginners.
3. Rich Dad Poor Dad
Following the two top picks on our list, this work is one of the world’s most known and sold finance books. Robert T. Kiyosaki, an American businessman and founder of a private financial education company, has created a series of books about finance and investing. Yet, his “Rich Dad Poor Dad” is the best one, being a bestseller for over 25 years already. The main highlight of this book is that it tells readers the author’s personal story and explains that building a fortune isn’t about getting high incomes but about making your money work for you.
4. A Beginner’s Guide to the Stock Market
This work is not as old compared to the previous ones on our list. It was published in 2019 but quickly earned the title of one of the best books to learn stock trading. The author of this book, Matthew R. Kratter, is the founder of Trader University and a retired hedge fund manager. In his book, Kratter offers you a step-by-step roadmap to investing. It explains how to create a brokerage account, how to make the first investment, how to survive market fluctuations, and how to avoid mistakes that typically make beginners fail in investing.
5. Get Good With Money
The next one on our list is among the top books to learn finance as a whole. The author of this work, Tiffany Aliche, is an award-winning financial education teacher and one of the favorite personal finance educators in the country. Prior to writing her book, Tiffany has also engaged in investing. She also sought investing advice and received poor recommendations. And she actually lost a lot of money because of poor advice and a terrible relationship with money. In her book, Aliche teaches readers something more than just investing. She gives you 10 specific and comprehensive steps to “Becoming Financially Whole,” which explain how to build and maintain a good relationship with your money, how to be more financially literate, and how to achieve your financial goals.
6. The Bond King
This top-rated work of Mary Childs is one of the most sophisticated, comprehensive books about Bill Gross. Gross is a famous American fund manager, investor, and co-founder of Pacific Investment Management Co. He earned fame for managing one of the world’s largest mutual funds and earned a nickname the “Bond King” for it. The New York Times called Gross “the nation’s most prominent bond investor,” so there is really a lot that young investors can learn from his story. Childs’ book will tell you everything about Bill Gross’s rise, career, and unique investing approach, along with the mistakes that made him lose his empire. With such an all-rounded explanation of the financial world’s wins and losses, it’s deservedly among the best books to learn investing.
Final Words
Investing is an interesting, fast-growing, and profitable field that can help you create a fortune. Although it is often associated with risks and loss (which is partially true), the right approach to investment can bring you more than profit. It can help you build financial literacy, learn to prioritize, explore risk assessment, and gain a huge variety of other skills that can secure a worry-free and prosperous life. And the best time to gain all this knowledge is while you are still in college. This way, you will be equipped with all the knowledge you need to step into your independent life.
After reading this guide, you have a comprehensive list of the best books to learn how to invest that can help you gain the knowledge and skills you need to achieve future prosperity. So don’t wait too long and start exploring the fascinating financial world with these books!
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