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Today I will be presenting my Top 8 Picks for 2018’s best investment books for beginners.

I conducted extensive research to determine what I believe to be some of the best books online today, I know these books will help you!Best Investment Books For Beginners - Woman Reading Book

These books are guaranteed to help you get started on your road to greater wealth and success. Each of these books are top rated and best-selling online.

However, if you are like me, maybe you are skeptical? Maybe you don’t know if you should look into investing or if it is a smart move in this economy.


Why It’s So Important To Start Investing Today

Here is an article from Forbes presenting why you should be investing in 2018. I highly recommend checking that out if you have any doubts about investing now.

Ever since we switched from the Industrial Age to the Information Age, we no longer see people given gold watches and a retirement plan.

Instead, we see poverty everywhere, and a lack of real wealth in light of what many people believe is a time of prosperity in the Western World and many other countries.

It is now more important than ever to take control of your finances and learn the financial skills that are most necessary today.

While several of the books listed below cover long-term or retirement strategies, there are books listed for the more aggressive investor.


Best Investment Books For Beginners List:

1. The Bogleheads’ Guide to Investing by Taylor Larimore

  • Average Customer Rank: 4.7/5Best Investment Books For Beginners - The Bogleheads Guide to Investing
  • Price: $22.23 Hardcover
  • Cheapest Place to Buy: Amazon.com
  • Available in: Hardcover, and Kindle
  • Published: August 18, 2014

Overview:

This book receives praises for several reasons. Along with its very honest and transparent advice, there are some real gems to be found within.

This book was actually published by several authors, with a foreword from John C. Bogle himself. John Bogle is an investor, philanthropist, and the retired leader of “The Vanguard Group”. Check out his full auto-biography, Here.

The Good:

PRO #1: This book covers a wide variety of valuable topics but sustains focus on the principles and strategies necessary to invest wisely. Some of the topics include:

  • Using a 401k properly.
  • Investing in Stocks.
  • Mutual Funds
  • Handling Debt
  • IRA Management

That being said, this book contains steps to invest in your retirement and most say it focuses on long-term investments rather than “get-rich-quick” strategies.

PRO #2: “The Bogleheads’ Guide to Investing” also covers topics that are normally overlooked or glossed over. Such as: Taxes, Investing Mentality, Philosophy of loans/borrowing, and proper usage of savings for investments.

The Bad:

CON #1: This book quite literally only two problems that people complain about.

  1. It is for beginners. Among the (very few) negative reviews about this book online, people complained that it was very basic and didn’t have the sophisticated strategies they were looking for.These reviews were from experienced investors who clearly needed a specific course or step by step guide on something and didn’t find it with this book.
  2. It covers long-term strategies. This is something I thought would be expected from a book based off of “The Vanguard Group’s” principles, but I guess people didn’t read the reviews before purchasing and were disappointed. Again, this is a book on retirement and long term investing.

In Conclusion:

If you are looking for an insightful book with sound principles for steady returns on a long-term investing strategy, look no further!

This book has an exceptional 4.7/5 star average rating and has remained a cornerstone reference guide for investors of varying caliber.

I wouldn’t recommend this book for the experienced investor if you are looking for advanced strategies, but I am confident anyone will find a gem or two in this best-seller.

See Full Book Details >>


2. The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein

  • Average Customer Rank: 4.5/5Best Investment Books For Beginners - The Four Pillars Of Investing
  • Price: $21.34 Hardcover
  • Cheapest Place to Buy: Amazon.com
  • Available in: Hardcover, and Kindle
  • Published: July 8th, 2010

Overview:

Many people have compared this book with books by John C. Bogle. Some said it was very useful while reading books by “The Vanguard Group”, and that this one went into greater depth on some topics.

Naturally this book covers long-term investment strategies, and is rated only slightly lower than the book aforementioned. It covers topics such as:

  • Stocks investments and the dangers of picking them.
  • How to use different investments together well.
  • The ghastly truth about Mutual funds, and brokerages.
  • How to manage your retirement and assets altogether. (401k, your savings, equity, etc)
  • How to have the right mindset and the dangers of a bad one.

The Good:

PRO #1: This book is a very well-rounded source of information and is very compatible with other books on similar topics.

PRO #2: Focuses on the long-term, geared towards you retirement. Highly rated for this purpose.

PRO #3: Rated well for having strategies that work in any given market. Testimonials and ratings indicate people have used this book to secure themselves in a poor economy.

The Bad:

CON #1: Negative reviews indicate people found it too similar to other books on long term investing or that they thought there were better books on the subjects covered. (This book is an older one)

CON #2: Some people left negative reviews stating that they thought the author was holding a double standard about professionals. They thought it was unfair that the author would praise certain professional advisers but then make a blanket statement about advisers in a certain field. (Brokers for example)

In Conclusion:

I firmly believe that there is no such thing as a perfect book. There will always be something that someone doesn’t like or something they don’t agree with. That’s why I think you have to take books like these for what they are, not what you want them to be.

I highly recommend you pick this book up if you are a beginning investor, and I can see this becoming a solid reference for long term investing. That being said, I’m not expecting you to agree with everything William presents.

I do believe the advice he gives is solid however, and I’m sure you will find significant value in his strategies.

See Full Book Details >>


3. It’s Not About the Money: A Financial Game Plan for Staying Safe, Sane, and Calm in Any Economy by Brent Kessel

  • Average Customer Rank: 4.4/5Best Investment Books For Beginners - It's Not About The Money
  • Price: $12.61 Paperback
  • Cheapest Place to Buy: Amazon.com
  • Available in: Paperback, Hardcover, and Kindle
  • Published: March 31st, 2009

Overview:

This book focuses on understanding self, and preparing for any financial circumstance making it perfect for new investors. It digs deep into your mindset and gives you solutions that suit your “financial archetype”.

Understanding your character and how you deal with money will play a key role in determining how you will invest. People have found this book instrumental for their personal development.

Some of the primary points include:

  • Setting up your investments for any economy.
  • Finding out why you are failing or why your investments aren’t doing well.
  • Creating internal peace regarding your investments.

The Good:

PRO #1: Brent covers some very important topics and creates clarity regarding several issues for the new investor. I am firm believer that you can take yourself out if your mindset is bad.

It’s one of the reasons why I have worked on my own mindset for so long. Reprogramming what your mind tells you is important.

Furthermore, understanding how you handle money and what kind of risk/pressure you can handle is critical!

PRO #2: If something isn’t working, its important to know if the investment is the problem, or if I’m the problem. The way we structure our investments comes down to our plan of action and our theology, or mindset towards our investments.

This book covers this and will equip you with not only the tools to help yourself, but the tools to help others around you.

The Bad:

CON #1: Some people found this book didn’t give the solutions or the insight they needed to make sufficient change in their financial walks.

This stemmed from being a certain archetype, or wanting more in-depth strategies to overcome specific problems.

CON #2: Other people thought the book sounded too much like other authors they had read books from before and thought it was simply to basic for them.

In Conclusion:

To me, every review sounds very similar. Either you thought the book was too basic/similar, or you found the insight on your financial archetype helpful and enlightening.

Personally, I thoroughly enjoy books that provide this kind of information. Being able to compare myself with something allows me to see flaws and strengths easier.

I know you will find that this book helps you accomplish better investing, and gives you greater peace in general after reading. I recommend this one!

See Full Book Details >>


4. Investing Made Simple: Index Fund Investing and ETF Investing Explained in 100 Pages or Less by Mike Piper

  • Average Customer Rank: 4.4/5Best Investment Books For Beginners - Investing Made Simple
  • Price: $14.99 Paperback
  • Cheapest Place to Buy: Amazon.com
  • Available in: Paperback, and Kindle
  • Published: Jan 2nd, 2018

Overview:

Mike Piper covers several topics in this book and is structured for the absolute beginner. Many people have gifted this book and bought it knowing how well it helps people start investing and planning for the future.

Here are a few things it covers:

  • Choosing between the different IRA’s available.
  • It covers different errors made by new investors.
  • Showing how to calculate your retirement needs for the future.
  • It will help you understand your allocation of assets.

The Good:

PRO #1: This book is very basic and easy to understand. If you are just getting started investing, or know someone who hasn’t got a clue about their retirement or investments, this book is perfect.

PRO #2: The primary advantage of this book is its insight for long-term investing and future retirement plans. People have said that this book lays the foundation for greater learning depending on what kind of investments you want.

The Bad:

CON #1: People didn’t get the memo on this book and complained that it was too basic. Others said they didn’t learn anything new and returned it.

In Conclusion:

I don’t recommend this book unless you are a new beginner and are looking to lay a firm foundation for your financial future. If you are looking for an in-depth guide to different investments, this isn’t one for you.

If you are looking for a cheap way to gain clarity as a new investor, I highly recommend this book!

See Full Book Details >>


5. The Millennial Money Fix: What You Need to Know About Budgeting, Debt, and Finding Financial Freedom by Douglas Boneparth

  • Average Customer Rank: 4.8/5Best Investment Books For Beginners - The Millenial Money Fix
  • Price: $13.09 Paperback
  • Cheapest Place to Buy: Amazon.com
  • Available in: Paperback, and Kindle
  • Published: August 21st, 2017

Overview:

Douglas Boneparth really comes through for the Millennial of this generation. He covers topics that compose most people’s early life and helps them plan ahead for more than just investing in this book.

Some of those topics include;

  • How you can set yourself up for success with attainable goals.
  • Paying for college or other programs.
  • Planning for your married life, children, and family.
  • Getting a job you love!
  • Setting yourself up for retirement.
  • The necessity of handling your money well and how to do it.

The Good:

PRO #1: This book will equip you with the tools you need after high school. Rather than just covering investing, this book will set you up for a plethora of important situations and support your investing habits.

PRO #2: There are some great examples provided to the reader for them to reference success in early life and later in life. This is important for the new investor who has other life goals and concerns that may hinder their financial growth.

PRO #3: Many people have said they wished they had this book when they were 20. Being released just last year, many people have said it was a refreshing, well-rounded book.

What separates this book from others, is its updated formatting and writing style which allows for easier reading and for more relevant information being listed. Some of the best selling books out there for new investors aren’t as recent.

The Bad:

CON #1: There is only 1 negative review on this book at the time of this post. The buyer said they didn’t find anything truly insightful and said they could find all of the information provided online.

In Conclusion:

I’m sure my recommending this book was foreseen. The reason I included this book is because many new investors start investing, but stop when their education, jobs, and families start getting in the way of their financial goals.

I know this book will help you balance your life and help you invest with greater ease!

See Full Book Details >>


6. First-Time Investor: Grow and Protect Your Money: Paul Merriman’s How To Invest Series by Paul A. Merriman

  • Average Customer Rank: 4.8/5Best Investment Books For Beginners - First Time Investor
  • Price: $5.99 Paperback
  • Cheapest Place to Buy: Amazon.com
  • Available in: Paperback, and Kindle
  • Published: July 23rd, 2012

Overview:

This book, albeit a bit short, covers basic investing principles and solid strategies that exceeded many readers expectations!

Here are some of the topics covered:

  • Diversification
  • Balancing a financial portfolio
  • Long-Term strategies for financial growth
  • Mutual funds are covered as well.

The Good:

PRO #1: Very basic and a shorter read at over 100 pages long. This book was made for the beginner at any age and is a solid introduction to investing.

PRO #2: The principles discussed are time-tested and have proven sound in any investment, though the primary focus is mutual funds.

The Bad:

CON #1: Some have complained that this information could be found online for free or that the book was too short.

In Conclusion:

With a 4.8/5.0 stars rating and a price point of only $5.99, it is hard for me to not to recommend this book.

Many people were pleasantly surprised by the value they got in this book. I recommend this for the beginner investor!

See Full Book Details >>


7. The Only Investment Guide You’ll Ever Need by Andrew Tobias

  • Average Customer Rank: 4.4/5Best Investment Books For Beginners - The Only Investment Guide You'll Ever Need
  • Price: $10.84 Paperback
  • Cheapest Place to Buy: Amazon.com
  • Available in: Paperback, Kindle, Audio CD and Audiobook
  • Published: April 26th, 2016

Overview:

While its rather cliche, this book really does live up to its name. It is by far one of the most successful books for the beginner investor and has been since the 70’s.

This updated version is perfect for you, especially if you want something relevant and in-depth.

Andrew offers practical advice on:

  • Savings
  • Investments
  • Retirement
  • And more.

The Good:

PRO #1: This book is incredible for its advice on savings, and utilizing them for long-term investing success. People have accredited their financial growth to this book since they first read it.

Today this updated version continues to help new investors plan ahead and invest smart!

PRO #2: More than a book on retirement, this book sets you up for success in any investment you go into by showing you how to secure your finances.

PRO #3: You will have a clear understanding of when you will retire and how you will do it.

The Bad:

CON #1: Negative reviews came from people who clearly didn’t understand that this book was meant for beginners. The advice in this book was “nothing new” to them.

In Conclusion:

I believe this book could be considered timeless, it has time tested strategies, and is perfect for anyone who wants to take hold of their finances and set themselves up for retirement down the road.

I recommend this one, though probably supplemental depending on your experience level.

See Full Book Details >>


8. The White Coat Investor: A Doctor’s Guide To Personal Finance And Investing by James M Dahle MD

  • Average Customer Rank: 4.8/5Best Investment Books For Beginners - The White Coat Investor
  • Price: $13.70 Paperback
  • Cheapest Place to Buy: Amazon.com
  • Available in: Paperback, Kindle, and Audiobook
  • Published: January 9th, 2014

Overview

Here is a book that is certainly more situational, but very applicable for the new investor none-the-less.

Here are some key things you will learn:

  • Find out how to graduate from any medical school with less debt. This applies to your student loans too!
  • Investing by yourself without professional help.
  • Learn how to become a millionaire within 5-10 years of graduation in residency.
  • Find out what kind job to choose.
  • Learn which kind of corporation to choose from. (LLC, Sole Propriety, etc.)
  • And much more.

The Good:

PRO #1: This book introduces investing in mutual funds, IRA’s, using them for profit, and shows how to use them to get out of debt.

PRO #2: Not only will you learn how to invest, but you will also learn how to structure your practice. You will also learn which kinds of jobs you should choose from and what kind of businesses you should buy.

PRO #3: Learn the right amount of insurance to get, learn which advisers to hire and fair rates to pay.

The Bad:

CON #1: The tax advice in this book has been questioned and isn’t always clear.

In Conclusion:

If you are in medical school, soon will be, or if you just graduated, this book will show you how to start investing and get out of debt quickly. I highly recommend this for the new investor in the medical field!

See Full Book Details >>


4.6

Average Amazon Customer Rating

With a stellar average rating of 4.6/5 stars between these eight books, it’s no wonder why they remain among the top ranked and top selling books for the beginning investor.
I highly recommend these books for anyone who has little to no knowledge about investing. Or for anyone looking to further their financial education, regardless of their experience.

Be sure to like this post about the Best Investment Books For Beginners , leave me a comment below, and share this article if it was helpful for you.

Of course, be sure to email me with any questions and I will get back to you asap!

Best regards,

Jacob Highley

Jacob@FinancialSuccessBook.com

Jacob is the featured author on FSB. He is a seasoned Internet Marketer and Financial Expert.

Some of his professional experience includes, Real Estate, Stocks, Business Management, Crypto Currencies, and he is a veteran Online Blogger.

He is an avid reader and investor. He has a passion for helping others succeed and overcome obstacles in their lives. He believes that “Knowledge Is Power”, and that people have the ability to do anything they set their minds to.

You can read more about him, Here.

  1. Hi
    Really helpfull, you have made it really easy for me to pick a book on investment from this post, you have informed the good and bad so I know what to choose. And most importantly whats in my budget. For me, I think I’ll go with “Investing made simple”, its in my budget and since I have little or no clue on investment, this book will be really helpfull.
    Thanks

    • Hey, Talha, I think “Investing Made Simple” will be real winner for you as it has been for many people. “The Bogleheads’ Guide To Investing” is what I would recommend for you after that.

      Most because the principles discussed in Mike Piper’s book are detailed in greater depth and provide greater clarity on some common strategies. What I like about Investing Made Simple however, is it’s simplicity and affordable price point.

      I love books like these, they really bring a lot of value to the table and work well with other books.

      Let me know how you like Piper’s book! 🙂

      Jacob

  2. I have been thinking about investing. I do have a 401k but I worry it won’t be enough. I don’t have anyone to show me how or explain how to invest so I think one of these books would be helpful. I will be picking Investing made simple. Thanks for the review. I’ll let you know what I think once I read it.

    • That sounds great Wendy! I know “Investments Made Simple” will prove to be a real winner for you! Many people who reviewed the book said they found the information very helpful for them and their friends!

      After you are done with that book, you may want to look into “The Bogleheads’ Guide To Investing” by Taylor Larimore. I think this book will complement your choice and help you further your education down the line.

      Wishing you the best 🙂
      Jacob

  3. This is a great comprehensive review of investing resources. I’d like to read The White Coat Investor. I am a functional health practitioner and I think this could help me in my practice. I, of course, have never heard of this book so I’m so glad I was able to read your review. I’m looking forward to reading it but will be aware of the tax advice.

    • Sounds great, Holly! I actually recommended this book to a friend of mine who is thinking about going into medical school and he probably picked it up on the spot after I told him about it. Many people have found this book exceptional, and it remains a best seller on Amazon right now.

      A good book to complement that one might be “It’s Not About The Money” by Brent Kessel. I think this book will help you take action and have greater peace about your investing going forward.

      Let me know what you think of the book when you are done with it.

      Best regards,
      Jacob

  4. The issues I find with a lot of investment books is there’s PLENTY for the beginner and just as many for the advanced/seasoned investor, but NOTHING exists for the middle of the road person. I consider myself that middle of the road person, so I can get easily frustrated by basic books and just as frustrated by more advanced books as they don’t cover any of the beginner/intermediate investing strategies, or they just don’t build on those.

    • I know what you mean, Dave. That’s why I really took the time to research each book and find out who they will help in the long run. If you are looking for advanced strategies or ways to improve your portfolio, then I recommend, “The Bogleheads’ Guide To Investing”. Naturally this book is suitable for the beginning investor, but many investors in the “middle spectrum”, found this helpful for them as well.

      Let me know if you have any other questions 🙂

      Regards,
      Jacob H.

  5. Hi Jacob, Lots of great information on your site.

    Agree. ‘It is now more important than ever to take control of your finances and learn the financial skills that are most necessary today.’

    I started investing in 2009, but I didn’t make the cut. Many time I get lost when families start getting in the way.

    I love “The Boglehead’s Guide to Investing by Taylor Larimore’ However, I find some of the information is very basic.
    Anyways, thanks for sharing.

    • Well, I should hope the book is for beginners, that is the topic I was covering 😉

      Again, these books are only going to help you based on your experience level. If you are looking for a more advanced level of learning, you may want to look into some other books, or maybe look into “Life Makeover Coaching”. It is an incredible coaching program that has helped me improve every area of my life and make more money.

      The coaching is for anyone of any educational caliber.

      Best regards,
      Jacob H.

  6. I’ve never read a book about investments and money making, but always wanted to give it a chance. Actually I was afraid to read a book, which I will not understand, but First-Time Investor by Paul Merriman seems very simple and just my type to start with. Going to write down all your recommendable books for a future readings. Thank you for simple and honest reviews!

    • Glad to hear that this list has helped you, Dan! I believe you will find “First Time Investor” to be a great read, and I highly recommend picking that one up, especially if you have a short time to read each day.

      Let me know how that book helps you, I’ve heard fantastic things about it despite it’s length!

      Warm regards,
      Jacob H.

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