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Best Investment Books for Novices
Once you control your spending and want to start investing your savings, you can graduate to the best investing books of all time for novices. The books I chose for this category teach novice investors some key concepts:
- saving for retirement is usually Priority #1
- picking individual stocks and market timing are for losers
- broadly diversified mutual funds are both smartest and lowest cost
| Book | Author / Description | Ratings |
|---|---|---|
  Click to learn more. | Bernstein, William J. Steal This Book! If You Can: How Millennials Can Get Rich Slowly William Bernstein is one of the best investment authors of our time. He wrote this gem to guide both the young—and not so young—investor through the five hurdles that threaten to spoil their dreams. It’s available for free as a PDF that you can read in an hour or two. Or, buy paperback from Amazon to give it as a wedding, birthday, or graduation gift. | 4.5 stars Amazon 4.2 stars Goodreads |
  Click to learn more. | Sit, Harry (aka The Finance Buff) My Financial Toolbox: The Nuts and Bolts of Managing Your Money It's like having a wise friend show you all the accounts and decision he has made with his wife. Learn how to achieve 95% of what you want with only 5% of the effort. | New - just published Amazon 5.0 stars Goodreads |
  Click to learn more. | Schultheis, Bill The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On with Your Life This easy to read in one sitting. It drives home the necessity of investing and the importance of index funds. It’s wonderfully simple in plain English. Read reviews and buy on Amazon. | 4.1 stars Amazon 3.8 stars Goodreads |
  Click to learn more. | Van Ness, Rick Common Sense Investing: Ten Simple Rules To Finance Your Dreams This is my book. You can also find the content as videos on this website, but people buy the book to learn at their own pace, for a quick reference, as a gift for others, or even just to support this non-profit educational website. (Thanks!) Read reviews and buy on Amazon. | 4.5 stars Amazon 4.0 stars Goodreads |
  Click to learn more. | Piper, Mike Investing Made Simple: Investing in Index Funds Explained in 100 Pages or Less Mike is another author I admire for simple, straight to the the point, and accurate guidance. He also has a whole collection of “simple” books and a nice weekly newsletter that I also recommend. | 4.5 stars Amazon 4.0 stars Goodreads |
  Click to learn more. | Hallam, Andrew Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (Paperback, 2011). This is a terrific guide for all new investors! The incredible story of how a schoolteacher built a million-dollar portfolio, and how you can too. And now, with Millionaire Teacher, he wants to show you how to follow in his footsteps—with lively humor and the simple clarity you'd expect from a gifted educator. | 4.7 stars Amazon 4.3 stars Goodreads |
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Related book recommendations:
- Best books by John Bogle — certainly the best books on mutual funds
- John C. Bogle Quotes
- A comic book on investing!
- www.amazon.com/shop/financinglife
(Use this link to support this website. It won’t cost you a penny more.)
