We have compiled a list of thee 15 best investing books for beginners for those who are considering investing as a career or just want to build a portfolio for retirement purposes. One might be able to pick some stuff up by watching CNBC, or by reading Bloomberg, The Wall Street Journal, or other sources of information, but in order to become really proficient at investing, one must read as many books on the subject as possible.
Luckily, there are thousands of such books out there, with many written by professional investors who have amassed huge fortunes and wanted to share their skills and experiences with readers. Even luckier is the fact that a vast number of books are written either for beginners or with non-mathematicians in mind, so they are neither too complicated, nor too boring, providing a lot of useful knowledge and also getting the reader more interested in finance and investing.
Reading is an important aspect of success in many fields and investing is no exception. As was mentioned in our article covering the 15 best books on fundamental analysis of stocks, one thing that most great people have in common is that they read. A lot.
Pixabay/Public Domain
Warren Buffett used to read 1,000 pages a day when he was just starting to become one of the greatest investors of all time and still spends most of the day reading. Elon Musk, the brilliant mind behind Tesla Motors Inc (NASDAQ:TSLA) and Space X, reportedly read the Encyclopedia Britannica when he was just nine-years-old and could spend over 10 hours per day reading sci-fi novels (which is probably why Space X’s two drone ships are named “Just Read the Instructions” and “Of Course I Still Love You”, after two ships from Iain M. Banks’ “Culture” series). Jeff Bezos became a billionaire not simply by starting Amazon.com, Inc.(NASDAQ:AMZN), one of the first online book retailers and reshaping the book publishing industry, but also through his love of reading. There’s even a list circulating among Amazon.com, Inc. (NASDAQ:AMZN)’s employees referred to as “Jeff’s Reading List.”
Of course, people who only want to invest for retirement purposes don’t need to spend a lot of time reading, as they can either outsource their stock picking to mutual funds or index ETFs, or stick to some of the basics that should allow them to build a stable portfolio capable of generating low but steady returns for a very long time. However, those that want to become professional investors will have to find the time to get some serious reading done.
Getting access to books on investing is not an issue, since Amazon.com, Inc. (NASDAQ:AMZN) delivery is available in most countries with internet access and if you have a Kindle, you can get most books within seconds and pay much less than for a hard copy. In addition, investing can be easily done via the internet as well, so the only things that are required are dedication and time.
With this in mind, let’s proceed with our compilation of the 15 best investing books for beginners, which starts on the next page.
