If investing were easy, everyone would be rich. But many investment strategies are relatively simple once explained by someone who’s in-the-know.
Most renowned financial experts began as novices, and many of them share what they’ve learned by writing books detailing their strategies. For consumers, an investment in one of these books can pay for itself - and then some. With the right investing book, you can get the insight and knowledge needed to have success with your money. But it’s hard to know whose strategy will boom and whose strategy will bust in your specific situation.
When looking for leading investment experts, it’s hard to go wrong with Berkshire Hathaway chairman and CEO Warren Buffett. Our top pick is the first installment of his Three Favorite Books series.
When looking for an investing book, you must first consider the reading audience: yourself. Are you a beginner? A veteran looking to up your game? Or someone in between? What are your financial goals? What is your risk tolerance?
Most investing books won’t break the bank.Paperbacks from lesser-known financial experts start as low as $6 and cap at around $11. Books in the $12 to $20 range may be either paperback or hardcover and often come from better-known authors. Like the financial heavyweights who write them, pricier hardcover books have staying power.
A. It’s never too early to start. Don’t be discouraged if you don’t have thousands in play. Even $50 per month can grow into a sizeable nest egg, thanks to compounding interest — a term you’ll learn when you start reading. If this sounds like your speed, look for a book for beginners, preferably one tackling the anxieties of investing in a shoestring budget.
Warren Buffett’s Three Favorite Books, Book 1
What you need to know: A relatable book, it distills complex strategies into straightforward plans that are easy to implement.
What you'll love: It focuses on classic investment tools like stocks and bonds.
What you should consider: The book could feature a wider variety of investment methods.
Where to buy: Sold by Amazon
The Only Investment Guide You’ll Ever Need
What you need to know: Valuable for both newbies and veterans, this book shares timeless strategies that are relatable and applicable to today’s economy.
What you'll love: Entertaining and informative, it relates both everyday and high-level hints.
What you should consider: It avocates primarily low-risk methods. Some may find its approach too conservative.
Where to buy: Sold by Amazon
The Book on Rental Property Investing
What you need to know: A how-to guide, it gives up-to-date, market-savvy advice for aspiring landlords and those who’ve taken the plunge.
What you'll love: Refreshingly genuine, it's not excessively sales-focused. It's based on present-day market conditions.
What you should consider: The author seems overly eager to promote his website.
Where to buy: Sold by Amazon
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Kristin Yarbrough writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.