“Don’t look for the needle in the haystack. Just buy the haystack!”
—
John Bogle
Books are among the best sources of information, in whose pages there is gathered valuable knowledge and advice that would be of great help to us – both in our personal lives and at work. Regardless of which field we want to develop in, it is always a good idea to add books as part of the path of growth, personal self-improvement and the key “weapons” that would launch us to the top of our career.
And if we choose to immerse ourselves in the world of finance, when it comes to understanding it, rest assured that few solutions are easier, cheaper or more impactful than educating ourselves with the help of a great investing book. Money affects everything we do, so learning how to invest properly early on can make a huge difference in your ultimate success.
It’s important to learn investment terminology. You’ll want to understand the difference between a stock and a bond, how cryptocurrency works, how inflation affects investments, the role of risk tolerance, and how tax efficiency can increase portfolio returns.
Equally important is understanding what money does and doesn’t do for a person seeking to maximize their wealth for future life events. This includes how we interact with money, how family experiences can shape our investment outlook, and how significant debt can be a barrier to achieving our life goals.
Today, we’ll look at a list of the TOP 5 books on investing to read right now.
“The Intelligent Investor”
Author: Benjamin Graham
Originally published in 1949, The Intelligent Investor was long considered the only book you should read to learn the principles of investing. Topics in the book include the concepts of long-term investing and Graham’s philosophy of value investing, giving it a place on every serious investor’s bookshelf. Graham is known not only for his status as the father of value investing, but also for his guidance to the CEO of Berkshire Hathaway Inc. Warren Buffett, who used Graham’s principles to become arguably the best investor of all time.
“Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger”
Author: Charles T. Munger
Charles Munger, better known as Charlie Munger, may not be familiar to most investors, but his longtime friend and business partner Warren Buffett should be. For decades, Munger was Buffett’s right-hand man, running the Berkshire Hathaway conglomerate and holding company. Considered one of the sharpest business minds of the 20th and 21st centuries. This book is based on 11 lectures Munger gave between 1986 and 2007.
“The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns”
Author: John C. Bogle
Bogle was the late founder of The Vanguard Group and creator of the first index mutual fund. He is known for his principle of investing with purpose, maintaining a long-term goal and reducing internal fees as much as possible. He was also a proponent of dollar cost averaging, a method of consistent and patient investing. Through his book, the reader will understand the differences between prudent investing and speculation. It should come as no surprise that one of the overarching conclusions is that low-cost index funds – Vanguard’s specialty – are a sensible move for most investors.
“A Beginner’s Guide to the Stock Market: Everything You Need to Start Making Money Today”
Author: Matthew R. Kratter
Released in 2019, this book provides a guide for those embarking on their investment journey. Delve into the process of setting up a brokerage account and making your inaugural investment. Authored by Kratter, a former hedge fund manager with firsthand experience of the 2008 market crash. The book equips readers with insights crucial for navigating contemporary market turbulence. It particularly shines in illuminating common pitfalls encountered by beginners.
“Rich Dad Poor Dad”
Author: Robert T. Kiyosaki
For over 25 years, “Rich Dad Poor Dad” has dominated the bestseller lists, narrating Robert Kiyosaki’s personal journey with his two father figures: his own father, portrayed as the “poor dad,” and his friend’s father, the “rich dad.” Through these contrasting experiences, Kiyosaki elucidates strategies for wealth accumulation. The book emphasizes the notion that wealth isn’t solely about affluence but rather about making your money work effectively for you, regardless of your starting point.
If you found this article interesting, stay tuned on Thursday when we will present PART TWO of the best books on investing.
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