The 12 Best Investing Books (2024)

Just over half of Americans own stock, a 2020 Gallup poll found, and whether someone owned stock was closely related to household income and education level, among other factors. In fact, 85% of those with post-graduate education and 84% of households that earned $100,000-plus were among the group that owned stock, while only 22% of households earning less than $40,000 were invested in the stock market.

If you’re one of the 45% of Americans who aren’t invested in the market, or already have an investment portfolio and simply want to see it grow, then read on for our picks of the best investing books.

Best Overall: The Intelligent Investor

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Though first published in 1949, the teachings of Benjamin Graham’s "The Intelligent Investor" are still influential today. The book centers around his well-known value investing strategy or the practice of buying stocks for prices less than their value—in other words, stocks that are currently undervalued by the market. "The Intelligent Investor" shows readers how to make money in the stock market without taking massive risks while tackling the emotional aspect of investing. This updated version includes commentary and footnotes by financial journalist Jason Zweig, which adds a touch of modernity.

Runner-Up, Best Overall: The Little Book of Common Sense Investing

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You don’t know investing if you don’t know index funds. “The Little Book of Common Sense Investing" by John C. Bogle, founder of the Vanguard Group, focuses on just that. It explains Bogle’s low-cost index fund investment strategy in clear detail, including tips on how to make index fund investing work for you and your portfolio. This 10th-anniversary edition is updated with new information as it relates to the modern market. Still, it remains a must-read for all investing enthusiasts. Bogle is also the author of “Common Sense on Mutual Funds” and “Enough.”

Best on Real Estate Investing: The Book on Rental Property Investing

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Investing isn’t just for the stock market; investing in real estate is also an excellent way to build wealth. That’s why Brandon Turner’s “The Book on Rental Property Investing” is an essential investing book. It’s full of advice on how to build your own rental property income streams, from common mistakes of real estate investors (and how to avoid them) to tips for finding deals on rental properties to how to finance rentals. Turner, a real estate investor, is also the co-host of the "BiggerPockets Podcast."

Related: The Best Real Estate Investing Books

Best for Beginners: A Beginner's Guide to the Stock Market

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"A Beginner's Guide to the Stock Market" explains everything readers want to know about the stock market—most importantly, how to make money from it. Written by bestselling author and former hedge fund manager Matthew Kratter, it covers topics ranging from common investor mistakes and how to avoid them, where to open a brokerage account, how to buy your first stock, and even how to make passive income in the stock market.

Related: The Best Investing Books for Beginners

Best for Basics: The Only Investment Guide You’ll Ever Need

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Andrew Tobias’ “The Only Investment Guide You’ll Ever Need” was written in the 1970s (while he was working as a writer for New York Magazine, no less), but its advice still rings true today. The book has tips on how to build wealth (no matter your means), how to best prepare for retirement, and even everyday strategies that will save you big over the long term—all told in the author’s trademark witty, straightforward writing style. (This updated version also applies these lessons to today’s market.) Tobias is the author of New York Times bestsellers "Fire and Ice" and "The Invisible Bankers" and is a regulator contributor to Time, Esquire, and Parade.

Best Memoir: Rich Dad Poor Dad

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Robert Kiyosaki’s “Rich Dad Poor Dad” is one of the most popular personal finance books of all time and with good reason. It tells the story of the author growing up with his father and his friend’s father and what he learned from both dads, from assets and liability to how you don’t need a large income to make money, and even what your kids aren’t learning in school (but should be). Though the book was first published in 1997, this 20th-anniversary edition includes an updated take from Kiyosaki.

Related: The Best Personal Finance Books

Best for Millennials: The Money Manual

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Tonya Rapley’s “The Money Manual” is an ideal place to start for millennials who want to invest, but aren’t sure where to start—or for those who aren’t sure what to do with their money, period. Among the topics covered are simple money management techniques, setting financial goals, improving and building credit, and even how to tackle student loan debt. Rapley is the founder of My Fab Finance and has appeared on Forbes, U.S. News, New York Daily News, Refinery29, Vogue, and more.

Best Classic: Think and Grow Rich

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Napoleon Hill’s bestselling “Think and Grow Rich” is part motivational guide, part financial guide. Hill compiles stories from the business greats—think Andrew Carnegie, Henry Ford, and Thomas Edison—to support his trademark “Law of Success” philosophy or the principles that'll help one achieve success. First published in 1937, it’s since sold more than 15 million copies. This updated version includes commentary from Arthur R. Pell, Ph.D., an author, lecturer, and consultant.

Best for Women: The Women’s Guide to Successful Investing

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Did you know that, according to a survey by S&P Global, only 26% of American women have invested in the stock market? It’s time to change that. Nancy Tengler’s “The Women’s Guide to Successful Investing” covers everything from wealth accumulation strategies to market analysis to advice meant just for female investors.

With two decades of professional investing experience, Tengler is a columnist, author, and professor. She’s also been a guest on CNBC, PBS, CNN, and more.

Best Skill-Building: One Up on Wall Street

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Want to “one-up” the market? Then who better to learn from than one of the most legendary investors of all time? Peter Lynch’s “One Up On Wall Street” zeroes in on how average investors can outperform the prosby simply finding everyday investment opportunities before they do. This is called finding a “tenbagger" or investing in a stock that appreciates ten-fold after you buy it. Lynch, the vice chairman of Fidelity Management & Research Company and former portfolio manager of Fidelity Magellan Fund, is also the co-author of the bestselling “Beating the Street” and “Learn to Earn.”

Best How-To: The Simple Path to Wealth

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JL Collins’ “The Simple Path to Wealth” started out as letters to the author’s daughter but soon grew into a massive guide on all things money. Among the expansive topics covered are debt, the stock market and how it works, investing in both a bull and bear market, asset allocation, and more. The book even goes into different retirement funds, from a 401(k) to a Roth IRA, the 4% rule, and the all-important f-you money fund.

Best for Debt Holders: Live Richer Challenge

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Tiffany Aliche’s “Live Richer Challenge” books have gained mass popularity in recent years and with good reason. This pick helps those with debt get their finances in order so they can start investing and building wealth, tackling everything from money mindset to budgeting and saving to investing.

A personal finance educator, Aliche is also the author of “The One Week Budget." She’s been featured in "Good Morning America," the "Today" show, The New York Times, The Wall Street Journal, and more.

Final Verdict

“The Intelligent Investor” by Benjamin Graham (view at Amazon) is the best overall investing book due to its detailed take on value investing, the practice of purchasing stocks for less than their intrinsic value. In short, this read shows investors how to make money in the market without taking huge risks. And who can argue with that?

Meet the Expert

Rachel Morgan Cautero has a master's degree in journalism from New York University and more than a decade of journalism experience, most in the personal finance sector. Most recently, she was the managing editor of DailyWorth, a finance-based media destination for women. She’s been published in SmartAsset, Investopedia, The Atlantic, Life & Money, Parents, WealthRocket, and Yahoo Finance.

The 12 Best Investing Books (2024)

FAQs

What's the best book to learn about investing? ›

Finance and Investing Books Morningstar Specialists Are Reading
  • How to Think About Money, by Jonathan Clements. ...
  • Your Best Financial Life: Save Smart Now for the Future You Want, by Ann Lester. ...
  • Just Keep Buying, by Nick Maggiulli. ...
  • Misbehaving: The Making of Behavioral Economics, by Richard H.
Jul 17, 2024

What is the 1 rule of investing? ›

Warren Buffett once said, “The first rule of an investment is don't lose [money].

What is the 5 rule of investing? ›

This sort of five percent rule is a yardstick to help investors with diversification and risk management. Using this strategy, no more than 1/20th of an investor's portfolio would be tied to any single security. This protects against material losses should that single company perform poorly or become insolvent.

How do you make a 12 return on investment? ›

How To Get 12% Returns On Investment
  1. Stock Market (Dividend Stocks) Dividend stocks are shares of companies that regularly pay a portion of their profits to shareholders. ...
  2. Real Estate Investment Trusts (REITs) ...
  3. P2P Investing Platforms. ...
  4. High-Yield Bonds. ...
  5. Rental Property Investment. ...
  6. Way Forward.
Jul 20, 2023

What is the number 1 thing you want to learn as an investor? ›

1. Have a Financial Plan. The first step toward becoming a successful investor should be starting with a financial plan—one that includes goals and milestones.

What does Dave Ramsey recommend for investing? ›

Ramsey often recommends allocating investments into four types of mutual funds: growth, growth and income, aggressive growth, and international funds. This diversification strategy helps protect against market volatility and ensures a balanced approach to retirement savings.

What is the 90% rule in stocks? ›

Understanding the Rule of 90

According to this rule, 90% of novice traders will experience significant losses within their first 90 days of trading, ultimately wiping out 90% of their initial capital.

What is the golden rule of investment? ›

Keeping your portfolio diversified is important for reducing risk. Having your portfolio in only one or two stocks is unsafe, no matter how well they've performed for you. So experts advise spreading your investments around in a diversified portfolio.

What is the 80% rule investing? ›

YOUR INVESTMENT PORTFOLIO

In this case, many investors will find that roughly 20% of their investment holdings will lead to about 80% of their growth. While these percentages won't be exact, the general rule applies that a small number of your investments will result in the most growth.

What is the safest investment with the highest return? ›

Here are the best low-risk investments in July 2024:
  • High-yield savings accounts.
  • Money market funds.
  • Short-term certificates of deposit.
  • Series I savings bonds.
  • Treasury bills, notes, bonds and TIPS.
  • Corporate bonds.
  • Dividend-paying stocks.
  • Preferred stocks.
Jul 15, 2024

What ROI will double your money in 12 years? ›

That is accomplished by dividing 72 by the expected rate of return. For instance, at an annual compound rate of 6%, funds will double in 12 years.

Where can I get 10% return on my money? ›

Diversifying Your Portfolio to Reach a 10% Return

A diverse portfolio could consist of 30% in a mix of value and growth stocks, 30% in index funds, 20% in bonds, 10% in real estate and 10% in alternative investments like P2P lending or commodities.

How do I learn the basics of investing? ›

  1. 8-Step Guide to Investing in Stocks.
  2. Step 1: Set Clear Investment Goals.
  3. Step 2: Determine How Much You Can Afford To Invest.
  4. Step 3: Determine Your Tolerance for Risk.
  5. Step 4: Determine Your Investing Style.
  6. Choose an Investment Account.
  7. Step 6: Fund Your Stock Account.
  8. Step 7: Pick Your Stocks.
May 20, 2024

Which book should I start with to learn about the stock market? ›

The Intelligent Investor by Benjamin Graham

This is the 'bible' of investing as far as stock market books go. One of the reasons may be attributed to the author, Benjamin Graham, mentor to Warren Buffett. The book begins by explanations of the basics of the stock market from the perception of value investors.

What should I learn before investing? ›

If you're interested in becoming an investor, here are 10 vital lessons to keep in mind before you put your money on the line.
  • All Investing Includes Risk. ...
  • Let Goals Guide You. ...
  • Don't Put All Your Eggs in One Basket. ...
  • Research Stocks Before You Buy. ...
  • Remember to Rebalance Your Portfolio. ...
  • Use Your Head, Not Your Gut.

How do I learn to invest wisely? ›

Map out a personal financial plan—Before you make any significant financial decision (investment or otherwise), take some time and plot your financial journey. This journey should include what has happened in the past (positive and negative) as well as what your goals are for the future.

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