21 Best investing books worth reading to reach financial freedom
If you think that the management of investments is only for high flyers working for the giant corporations and trading houses you need to think again. Most of us work very hard to make ends meet, to provide our families with a comfortable life style and to make provisions for our retirement years.
The truth is that very few people manage to do this. In most cases, it is because they do not know how to make whatever money they do have work for them. Here is our 2017 reading list of 21 investing books that will help you understand how the investment world works and how you, too, can increase your wealth.
1. Money: Master the Game by Tony Robbins
Tony Robbins have coached more than 50 million people from more than 100 countries. In this amazing book, available free of charge, he explains how you can start with nothing and end up with a veritable fortune. His seven step plan is easy to understand and to implement. Will this book help you? Well, Steve Forbes, the publisher of Forbes Magazine had this to say: “If there was a Pulitzer Prize for investment books this one would win, hands down.”
2. The Warren Buffet Way: Investment Strategies of the World’s Greatest Investor by Robert G. Hagstrom
The Warren Buffet Way: Investment Strategies by Robert G. Hagstrom, who studies the investments and decisions of Warren Buffet for many years, is one of the best investing books to get insights into practical business thinking. From an initial investment of just $100.00, Buffet build a fortune worth $19.4 billion and this book explores the strategies and techniques he used in the process. You can also benefit from these theories and strategies.
3. The Intelligent Investor by Benjamin Graham
The Intelligent Investor by Benjamin Graham is strongly recommended by Warren Buffet himself. The book explores Graham’s philosophy of “value investing” that shields ordinary investors like us from making serious mistakes. It will teach you how to develop realistic long-term financial strategies. Even experienced stockbrokers still regard this book as the definitive work on value investing.
4. One Up on Wall Street by Peter Lynch
One Up on Wall Street. The author, Peter Lynch, is of the opinion that anyone can learn how to spot good investment opportunities, often even ones that have been overlooked by the professionals. In fact, the author makes a convincing argument that ordinary people like us have some distinct advantages over the professionals.
5. A Random Walk Down Wall Street by Burton Malkiel
A Random Walk Down Wall Street. This best-selling investing book by Burton Malkiel has long been described as the very first book one should buy when starting to invest. It will enlighten you on all the various investment opportunities. It explains complex issues such as derivatives and the potential of emerging markets in a no-nonsense, easy to understand manner.
6. The Little Book of Behavioral Investing by James Montier
The Little Book of Behavioral Investing is a new look at how emotions, greed and bias can lead investors down the path of failure. The real value of this excellent work is that it will help you to avoid the many behavioural traits that inevitably lead to losses.
7. Think and Grow Rich by Napoleon Hill
Think and Grow Rich may have been first published in 1937 but it remains one of the most authoritative works on creating personal wealth. He researched more than 500 self-made millionaires and concludes that getting rich is more about mentality than anything else. He will show you the barriers that hold you back and teach you how to think your way to success.
8. The Investment Answer by Daniel C. Goldie, Gordon S. Murray
This refreshing, jargon-free book explains how anyone, even novices, can make sound investments by distilling the process to five essential decisions. It does not promise instant riches but it does offer sound advice on how to make safe investments.
9. My Maid Invests in the Stock Market…And Why You Should, Too by Bo Sanchez
This investing book Bo Sanchez is the perfect choice for people who think that only highly qualified financial wizards can attain investment success. The author shows how some of his ordinary workers created substantial retirement plans, purchased real estate and built up impressive investment portfolios by following four simple investment rules.
10. The Smartest Investment Book You Will Ever Read by Daniel R. Solin
The Smartest Investment Book You Will Ever Read: The Simple Stress-Free Way to Reach Your Investment Goals. Daniel R. Solin will show you how to use trusted fund managers to create a sound investment portfolio. You will learn how to assess risk and how to maximize your returns. Common investment mistakes and how to avoid them are also covered comprehensively.
11. Other People’s Money: The Real Business of Finance by John Kay
Other People’s Money was the Financial Times, Economist and Bloomberg Best (Investing) Book of the year in 2015. In this compelling best seller the author argues that the focus of the financial sector is all wrong. He explains why he thinks that the primary purpose of the finance sector should be to manage other people’s money for the benefit of businesses and households.
12. Real Estate Finance and Investments by William B. Brueggeman
Property ownership has long been seen as the foundation of wealth. In this comprehensive investing book William B. Brueggeman and Jeffrey Fisher will help you to understand the risks and rewards associated with investments in both residential and commercial properties.
13. 24 Essential Lessons for Investment Success by William J. O’Neil, Fred Plemenos
This is a common-sense guide to buying and selling stocks. You will learn how to gauge the market and how to buy and sell at the right time. There are numerous valuable tips and techniques that will enable you to manage your stock portfolio responsibly and profitably.
14. Investment Psychology Explained: Classic Strategies to Beat the Markets by J. Pring
The author explains that there is no magical, quick path to investment success. Instead, he argues, it is time that investors return to the basics. He continues to discuss these basics and show how to use proven analysis techniques rather than impulsive urges to create a well balanced, strong investment portfolio.
15. Trump University real Estate 101: Building Wealth With Real Estate Investments by Gary W. Eldred
Nobody will argue the fact that Donald Trump knows how to build wealth with real estate investments! In this book he and his co-author Gary W. Eldred discuss the basic principles that govern success in the property market. It has been described as the ultimate street-wise book and will appeal to a very wide audience.
16. The Automatic Millionaire by David Bach
The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich is a step by step instruction manual by David Bach on how to apply the secret to becoming rich. You will be introduced to a realistic system, based on sound financial principles to implement the one secret to becoming rich beyond your wildest dreams.
17. Financial Times Guide to Investing by Glen Arnold
Financial Times Guide to Investing: The Definitive Companion to Investment and the Financial Markets. This comprehensive work by Glen Arnold is a practical guidebook on how to make investment decisions by making use of the financial media. If you struggle to make sense out of the financial pages, this may be just the book for you.
18. Reminiscences of a Stock Operator by Edwin Lefevre
Reminiscences of a Stock Operator is said to be the most widely read, most widely recommended investment book ever. It may have been published more than 70 years ago but its valuable lessons on how to manage crowd psychology and market timing is as valid today as it were then. This is truly a must-read classic for investors of all ages.
19. How to Make Money in Stocks: A Winning System in Good Times and Bad by William O’Neil
How to Make Money in Stocks explains the author’s CAN SLIM Investing System. This is a seven step system designed to minimize risk and maximize gains. The system was developed after a careful study of big market winners from as far back as 1880 and as recently as 2009.
20. Backstage Wall Street: An Insider’s Guide by Joshua M. Brown
Backstage Wall Street: An Insider’s Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments. Joshua M. Brown reveals all the dirty little secrets brokers keep from you, the lies they tell you and the shrewd manipulations that they conduct without you even knowing. This book will help you recognize those lies. It will empower you to ask intelligent and relevant questions rather than just blindly accepting the word of your broker.
21. Unconventional Success: A Fundamental Approach to Personal Investment by David F. Swenson
Unconventional Success is a best selling author on institutional fund management. In this book he shows individuals how to manage their financial assets. He argues that ordinary investors face almost insurmountable obstacles but he goes on to explain just how to overcome these obstacles.
Best Investing Books – Conclusion
The investing books contained in this list all convey one important central message: You too can be a successful investor. By first investing in the knowledge and guidance that you will find in these investment books you will be able to develop a sound financial strategy. You will be able to make investment decisions with confidence, using reliable techniques and proven methods.
What is the best investing book in your opinion? Share your lists in the comments below.