Hello, I hope everyone’s doing well today. I recently made a YouTube video running through my top five books for beginner investors. I think it’s great so you should definitely check it out if you have time. Though I know not everyone does, so here’s that same list in blog form, but without as much background info on each book.
I really believe reading books is one of the most effective ways to learn about any subject, there’s so much information packed into such small form factors and there’s millions of them! Not to mention that they’re pretty cheap and you can now even listen to a lot of them while doing something else via audiobooks. Anyway enough gushing about the magnificence of books. Here’s five books I have read and recommend for anyone getting into investing. They have all had a huge impact on my journey in investing so far.
Rich Dad Poor Dad – Robert Kiyosaki
This book isn’t so much aimed specifically at stock investing, it’s more a broad overview of personal finance and financial literacy. He runs through the differences between assets and liabilities and how that applies to your own life. A perfect place to begin to learn the fundamentals of investing.
One Up On Wall Street – Peter Lynch
More directly focussed on investing in the stock market, Peter Lynch takes you through his strategies for researching stocks and finding those ones to invest in. It’s written in a very conversational style and makes a relatively complex subject an easy read. He ran his own investment fund and more than doubled the annual market return for over a decade. Definitely someone to learn from.
The Naked Tradder – Robbie Burns
This is the first book I ever read on investing and one I return to regularly. He focusses on mid term swing trading throughout most of the book, so it gives you some shorter term strategies and perspectives. Though still offers plenty to take away and use from an investing point of view. Again a very easy read with plenty of UK humour thrown in for good measure.
The Intelligent Investor – Benjamin Graham
Seen by many as the godfather of value investing, Benjamin Graham talks you through his strategies for value investing. Including how to value companies and spot when they are cheap in relation to the rest of the market. It’s not as easy a read as the other books on this list, but the information packed in there is worth the grind.
100 baggers – Christopher Mayer
This is a great read on how to find those illusive stocks that might return you 100 to 1. I.e if you invest £1 it will turn into £100. Christopher Mayer talks through what to look for and what the characteristics of these stocks are, using many case studies to back up his points. I’ve taken a lot of the nuggets of wisdom from this book and used them in my own investing checklist.
I hope you enjoy these books as much as I did. They should give you a broad level overview of investing, covering short and long term strategies as well as growth and value investing. You should then get a better idea which strategy speaks to you the most. Stay tuned as I’ll certainly be doing more book recommendations in the future. Have you got any recommendations for books I should read? I’d love to hear them if you do!