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 is the most famous investing book? ›

For value investing, we recommend Benjamin Graham's The Intelligent Investor, a favorite of many of the world's most successful investors.

What is the number 1 rule investing? ›

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

What is the best book to learn about investing and stocks? ›

  • "Get Good With Money: 10 Simple Steps to Becoming Financially Whole" ...
  • "Broke Millennial Takes on Investing: A Beginner's Guide to Leveling Up Your Money" ...
  • "The Total Money Makeover: A Proven Plan for Financial Fitness" ...
  • "The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness"

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 Warren Buffett recommend investing in? ›

Key Points. Warren Buffett made his fortune by investing in individual companies with great long-term advantages. But his top recommendation for anyone is to buy a simple index fund. Buffett's recommendation underscores the importance of diversification.

What is the number one best investment? ›

11 best investments right now
  • High-yield savings accounts.
  • Certificates of deposit (CDs)
  • Bonds.
  • Money market funds.
  • Mutual funds.
  • Index Funds.
  • Exchange-traded funds.
  • Stocks.
Mar 19, 2024

What is Warren Buffett's golden rule? ›

"Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."- Warren Buffet.

What is the rule of 69 in investing? ›

It's used to calculate the doubling time or growth rate of investment or business metrics. This helps accountants to predict how long it will take for a value to double. The rule of 69 is simple: divide 69 by the growth rate percentage. It will then tell you how many periods it'll take for the value to double.

What are the 4 golden rules investing? ›

They are: (1) Use specialist products; (2) Diversify manager research risk; (3) Diversify investment styles; and, (4) Rebalance to asset mix policy. All boringly straightforward and logical.

How do I learn to invest properly? ›

How to start investing
  1. Decide your investment goals. ...
  2. Select investment vehicle(s) ...
  3. Calculate how much money you want to invest. ...
  4. Measure your risk tolerance. ...
  5. Consider what kind of investor you want to be. ...
  6. Build your portfolio. ...
  7. Monitor and rebalance your portfolio over time.
Apr 24, 2024

What are 2 things to keep in mind when you start investing money? ›

“A reasonable place to start is having 80% to 90% of the portfolio in a core index fund and using 10% to 20% to invest in individual stocks,” Ritsema noted. “Keep in mind it's important to do your own research and know what you're buying, whether it's an index fund or an individual stock.”

What are 3 things every investor should know? ›

Three Things Every Investor Should Know
  • There's No Such Thing as Average.
  • Volatility Is the Toll We Pay to Invest.
  • All About Time in the Market.
Nov 17, 2023

What are the three keys to successful investing? ›

3 keys: The foundations of investing
  • Create a tailored investment plan.
  • Invest at the right level of risk.
  • Manage your plan.

What is the number one trading book in the world? ›

The Intelligent Investor

This trading book is so revered that Warren Buffett said it was 'by far the best book on investing ever written'.

What is the most sold financial book in the world? ›

Which is the most sold finance book in the world? Rich Dad, Poor Dad by Robert T. Kiyosaki is the best-selling finance book in the world. It has been translated into several languages and sold in many countries.

Who is the number 1 investor? ›

Warren Buffet

Warren Buffett is widely considered the greatest investor in the world. Born in 1930 in Omaha, Nebraska, Buffett began investing at a young age and became the chairman and CEO of Berkshire Hathaway, one of the world's largest and most successful investment firms.

Who is the world's most famous investor? ›

Warren Buffett – a student and then colleague of Graham's, Buffett is the most famous investor of all time. Through his fund management arm, Berkshire Hathaway, he has built a large following of everyday investors and further developed Graham's philosophy of value investment.

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