Investment Books For Beginners – 20 Best Books With Realistic Ideas

Written by Paul Chigozie

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There are hundreds of books on investment by acclaimed investors and financial analysts which seem to hold the secrets to value investing and offer realistic advice that will help beginners build effective investment portfolios

However, only a few of these books actually offer modern tips, strategies and provide guidance that dedicated investors can follow.

To save you the stress of going through thousands of reviews and testimonies, we handpicked the best investment books for beginners that actually provide you with the right tools and techniques needed for value investing.

20 Best Investment Books For Beginners With Realistic Ideas

1. The Most Important Thing: Uncommon Sense for the Thoughtful Investor

The Most Important Thing by Howard Marks is one of the best resources for the new investor. While this book does not contain many practical steps on how to implement a high-level investment philosophy, it shares the keys to successful investment and warns against the mistakes that can ruin a career or lead to huge losses.

This book should help the new investor to develop an effective investment philosophy that is applicable in today’s volatile markets. The book has received several positive reviews from readers, small-time investors and top investors like Warren Buffet.

If you’re looking for a book that will get you started on the basics and complexities of investing, The Most Important Thing is probably the first book you should read.

Author: Howard Marks

Current edition: First Printing Edition (May 2011)

Pages: 200

2. The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel

The Intelligent Investor by Benjamin Graham is one of the greatest investment books for beginners of all time. It is one of the books that helped set some of the world’s greatest investors like Warren Buffet on the path to investment success.

The original book offers timeless advice that has been proven effective by several investors who applied it to their investment strategy. As of today, the original content would be dated and ineffective in today’s market.

The updated version of the book features useful information that incorporates the realities of today’s markets. Through the collaboration of world billionaire, Warren Buffet and financial journalist Jason Zweig, the book now includes long-term investment strategies and techniques that will help you reach your financial goals in the developed market.

Authors: BenjaminGrahamandJasonZweig

Collaborator: Warren E. Buffet

Current edition: Subsequent Edition (February 2006)

Pages: 640

3. The Little Book of Common Sense Investing

The Little Book of Common Sense Investing by Jack Bogle is the beginner’s guide to beating the market and identifying profitable investment opportunities with ease. In this book, Bogle reveals key strategies that he uses to get more out of investing in low-cost index funds.

According to the author, an investor should buy and hold, at very low cost, a mutual fund that tracks a broad stock market index. This investment strategy should help any individual build wealth over the long-term.

For the beginner, this book will help you get to understand the process involved in trading and building long-term wealth. It also provides you with information on asset allocation and retirement investing.  

Author: John C. Bogle

Current edition: 2 Edition (October 2017)

Pages: 304               

4. Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Rich Dad Poor Dad by Robert Kiyosaki talks moiré about personal finance than it does about investment. This book teaches the investor about the value of money and the steps you need to take for you to get rich.

Note; this book is more of a motivational material than it is a guide to investing or building wealth. It will help you change your belief about money, revamp your thoughts on investing and help you take actionable steps that will help you build wealth.

While many of the ideas in the book are controversial, it remains one of the best personal finance books of all time. The clear and concise language used in writing the book makes it fun to read and easy to understand even for teenagers interested in personal finance and investing.

Author: Robert T. Kiyosaki

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Current edition: Second Edition (April 2017)

Pages: 336

5. Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!

Rich Dad’s Guide to Investing by Robert Kiyosaki is one of the best investment books for beginners who are yet to get acquainted with the terminologies of investing. The book covers the basic rules of investing, provides tips on how to reduce your investment risk, and how to convert your earned income into passive income.

Through this book, you could develop your own investment philosophy that will help you build wealth in the long term.

If you plan on becoming an active, engaged investor, then this book will offer you the much-needed guidance.

Author: Robert T. Kiyosaki

Current edition: Reprint Edition (April 2012)

Pages: 471

6. How to Make Money in Stocks Getting Started: A Guide to Putting CAN SLIM Concepts into Action

The most successful investors are those that started with the basics, crafted effective investment philosophies, and developed actionable investment strategies that helped them make huge returns.

The steps you need to take to do the same thing these successful investors did are well laid out in the How to Make Money in Stocks Getting Started by Matthew Galgani. This book focuses on the CAN SLIM investing system developed by William J. O’Neil and how you can put its concepts into action.

In the book, Galgani shares rules to follow so that your investment capital remains safe, factors to consider when trading stocks, how to identify highly profitable stock options, and how to navigate the market successfully.

So if you’re an investor interested in seeing positive results and earning huge returns on your investments, then you should get this book and follow the steps for investment success.

Author: Matthew Galgani

Current edition: 1 Edition (April 2012)

Pages: 304

7. The How to Make Money in Stocks Complete Investing System: Your Ultimate Guide to Winning in Good Times and Bad

The How to Make Money in Stocks Complete Investing System by William O’Neil introduces you to a proven seven-step process for maximizing gains and minimizing risks. The CAN SLIM investing system as it’s called will guide you to pick the best stocks, ETFs, and mutual funds. It also includes proven techniques that will help build stocks before they make big price gains.

A common problem plaguing many new investors is making easily avoidable mistakes. While mistakes are normal in the investing world, it is best that you avoid them and learn quickly from the ones you make.

This book can help you avoid the most common investor mistakes and help you spot the most profitable trends in today’s market.

Author: William O’Neil

Current edition: 1 Edition (August 2010)

Pages: 500

8. The Millionaire Next Door: The Surprising Secrets of America’s Rich

The Millionaire Next Door by Thomas Stanley & William Danko focuses on teaching individuals how to manage their finances so as to build wealth.

The book argues that a certain category of people build their wealth by living well below their means and thus, they are able to accumulate a huge net worth relative to income.

If you’re trying out investing so as to hit it big and live a life of luxury, you might be in for a rude shock as that lifestyle wouldn’t help you build wealth in the long-term.

If you want to be wealthy and maintain your wealth even in retirement, then you have to do what wealthy people do – which is living below your means, budgeting, and not spending frivolously

Authors: Thomas Stanley & William Danko

Current edition: Reprint Edition (November 2010)

Pages: 272

9. Soldier of Finance: Take Charge of Your Money and Invest in Your Future

Soldier of Finance by Jeff Rose is a wake-up call to individuals having problems with their finances. The book aims to help you set things in order by preparing you with the right mindset to tackle any money challenge.

The book is modeled on the Soldier’s Handbook which is issued to all new U.S. Army recruits. It entails a no-nonsense, military-style training manual that will help you overcome your financial obstacles and build lasting wealth.

In the Soldier of Finances, you will find chapters that cover topics like debt, creating tactical budgets, building emergency savings and investing for the short and long term.

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The information offered by the book is basic and should suit beginners who are yet to get a grip on their finances, looking for ways out of debt, and trying to invest so as to build wealth.

Author: Jeff Rose

Current edition: First Edition (September 2013)

Pages: 224

10. Stock Investing For Dummies

While the term “dummy” sounds pretty insulting, even to the new investors, the author uses it to refer to beginners or ignorant individuals who want to take their shot at the stock market.

Stock Investing For Dummies by Paul Mladjenovic provides you with proven strategies for selecting and managing an investment portfolio. It also teaches you how to navigate the ever-changing stock market and how to choose profitable stock options.

This book is written in plain-English and free of much financial jargon you can find in other investment books for beginners. It includes information on ETFs, exchanges, and other forms of investment.

Stock Investing For Dummies is the perfect guide for investors that want to build effective investment portfolios, capitalize on market conditions, and explore new investment opportunities.

Author: Paul Mladjenovic

Current edition: 5 Edition (May 2016)

Pages: 384

11. Hedge Fund Market Wizards: How Winning Traders Win

Hedge Fund Market Wizards by Jack Schwager shares the secrets of winning traders and how they have been able to consistently beat the market. It gives the reader an insight into the investment philosophy and the successful techniques employed by some of the most profitable traders in the hedge fund business.

The book features exclusive interviews with successful hedge funds traders like Jamie Mai, Michael Platt, Colm O’Shea, and many more. It shares each trader’s success, failures, and the lessons they have learned over the course of their careers.

In this book, you will learn through the lessons of the several successful traders what it takes to climb to the top in the world of investing. The wide range of strategies from different traders will give you the head start you need as you kick off your career as a trader.

Author: Jack Schwager

Current edition: 1 Edition (May 2012)

Pages: 544

12. The Bogleheads’ Guide to Investing

Your first trade greatly determines whether you will end up building wealth or losing your money and sanity. The investing world is no joke, but with the right material, you can steer clear of troubled waters, create the right investment portfolio and build wealth just like Warren Buffet.

One of those materials that can set you on the road to investment success is The Bogleheads’ Guide to Investing by Taylor Larimore, Mel Lindauer & Michael LeBoeuf.

This book shares an effective approach you can take towards investing that will result in huge returns. Through its methods, you can easily craft your own investment strategy and build the right portfolio.

The Bogleheads’ Guide to Investing offers timeless advice to every new investor serious about investing.

Author: Taylor Larimore, Mel Lindauer & Michael LeBoeuf

Current edition: 1 Edition (August 2014)

Pages: 336

13. The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life

The Coffeehouse Investor by Bill Schultheis is the right material for an investor aiming to build wealth off investment without having to spend a lot of time on investment decisions so much that it becomes the only thing that matters in their life. As a beginner, this book will help you maintain a balanced life.

Once you begin investing, it is easy to get overwhelmed by the stock market. Schultheis shares tips on how you can balance your life by simplifying your investment decisions, focusing on your passions, and reduce the time spent thinking about the daily ups and downs.

Author: Bill Schultheis

Current edition: Updated Edition (April 2009)

Pages: 236

14. A Beginner’s Guide to Investing: How to Grow Your Money the Smart and Easy Way

A Beginner’s Guide to Investing by Alex H. Frey sets the beginner investor on the right path to investment success. This book tells you to throw away the get-rich-quick schemes (because you wouldn’t get rich quick with investing) and focus on using market trends to your advantage.

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The book focuses on teaching topics like how you can double your investment capital in less than a decade, how to spend less time investing and still earn huge returns, how to balance and diversify your portfolio, and how to manage your money for life.

There are several other important investing topics covered in the book that will serve a new investor well. You just have to get the book to know them.

Author: Alex H. Frey

Current edition: Unabridged Edition (July 2012)

Pages: 100

15. Investing QuickStart Guide: The Simplified Beginner’s Guide to Successfully Navigating the Stock Market, Growing Your Wealth & Creating a Secure Financial Future

If you’re a beginner with zero experience and zero knowledge about investing, then reading Investing QuickStart Guide by Ted D. Snow will point you in the right direction and offer the right guidance on how to successful start-up your investment career.

 The book explains everything on stocks, mutual funds, ETFs, bonds, index funds, REITs, and commodities.

It sets you on the right path to make your first successful trade and helps you identify the right stocks that will lead to huge profits. It also contains information that can help you evaluate stocks, navigate the market, and explains the factors that influence investment prospects and how you can use these factors to your advantage.

This book remains one of the ways you can use to start your investing career, especially if you’re investing for the long-term.

Author: Ted D. Snow, CFP®, MBA

Current edition: (September 2018)

Pages: 203

16. The Four Pillars of Investing: Lessons for Building a Winning Portfolio

The Four Pillars of Investing by William J. Bernstein centers on four essential topics that every investor must master before fully dedicating their time to invest. These topics include the relationship of risk and reward, the psychology of the investor and the market, the history of the market, and the lunacy of taking financial advice from investment salespeople.

This book gives you an insight into the activities that shape today’s financial industry and it offers a simple program through which you can build wealth while controlling risk.

The Four Pillars of Investing is written in a simple and clear language which makes it easy for the beginner investor to understand and apply.

Author: William J. Bernstein

Current edition: 1 Edition (July 2010)

Pages: 352

17. The Elements of Investing: Easy Lessons for Every Investor

The Elements of Investing by Burton G. Malkiel and Charles D. Ellis provides the beginner with a disciplined and simplified approach towards investing for the long term. Both authors address the common questions asked by beginners as they kick off their careers and they share lessons that every investor mush learn if they plan to succeed.

In the book, you will also find tips on how to navigate the market and how to supercharge your savings while minimizing taxes. Other topics covered in the book include diversification, dollar-cost averaging, rebalancing, and indexing.

This book is very easy to grasp and should give every beginner a head start in the market especially if they are investing in the long term.

Author: Burton G. Malkiel and Charles D. Ellis

Current edition: 1 Edition (January 2013)

Pages: 208

18. Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties

Long-Distance Real Estate Investing by David Greene
starts up the beginner on the fundamentals of real estate investing. The book details strategies which the author used to build a multi-million dollar portfolio and how you can do the same while avoiding the common mistakes made by most newbie real estate investors.

The book focuses on topics like how to find great deals and how to communicate and negotiate with agents, contractors, lenders and property managers. It also covers topics like how to pay less and make more money over time.

Author: David Greene

Current edition: (December 2017)

Pages: 287

19. Broke Millennial Takes On Investing: A Beginner’s Guide to Leveling Up Your Money

While this book might be short, it packs enough information to place the beginner on the right track. The book shares insight on how you can invest responsibly and how to invest while paying off debt.

This investment book for beginners is perfect for those that have zero knowledge about investing and trying to get their hands to trustworthy information that can point them in the right direction.

Through the book, you will be able to know how to invest for long-term gains, what stocks really are, and how to buy and sell a stock.

Author: ErinLowry

Current edition: (April 2019)

Pages: 256

20. Millennial Money Makeover: Escape Debt, Save for Your Future, and Live the Rich Life Now

For you to build wealth through investment, you’ll have to first get your finances in order. For that to happen, you will have to consult the Millennial Money Makeover by Conor Richardson is the right material to consult, as it offers tips that will help you transform your financial life and set you up for lifelong success.

This book includes tips on how to pay off student loans in a short period of time, how to increase your returns, and how to budget for success.

If you’re in your twenties and thirties and you’re looking for information that will help you navigate the financial issues in your life, then this book may be what you need.

Author: Conor Richardson

Current edition: (January 2019)

Pages: 240

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