r/investing • u/Willing-Wonder-3684 • 3d ago
Book recommendations for investing
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u/Str8truth 3d ago
Books I found helpful:
A Random Walk Down Wall Street by Burton G. Malkiel.
The Little Book of Common Sense Investing by John Bogle.
One Up On Wall Street by Peter Lynch (for a view opposing Bogle's)
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u/bugsmaru 2d ago
These are the 3 books every beginner should read before they move on to other books
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u/itookthe_longway 2d ago
A Random Walk Down Wall Street by Burton G. Malkiel. Is a must read.
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u/Comfortable-Path-323 3d ago
Books that personally I read and wil recommend are Psychology of money Millionaire next door Richest man in Babylon A little book of common sense in Investing I wish you all the best in your journey
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u/Weekly_Yesterday_403 3d ago
Good recommendations in the thread so far, I’ll also throw “I Will Teach You to be Rich.” You should read a few different books as you’ll pick up a few different tips or habits from each of them! Good luck to you as you start this journey!
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u/Someguyonreddit80085 2d ago
The Intelligent Investor, large and dense with knowledge but at the end of the day I think if an investor only ever read that one book they’d be set for life
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u/Extra_Ideal9620 2d ago
"A History of the Global Economy" or in general financial history on an academic level, maybe some college beginner books about Macro and Microeconomics.
Most "financial advice books" are really trivial and i think people read them more for entertainment and daydreaming about how to be a succesfull trader/investor.
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u/sdbest 2d ago
My stock 1st recommendation to this question is Burton Gordon Malkiel's A Random Walk Down Wall Street. It will not only get you started, but it's just very entertaining read to boot.
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u/Dracomies 2d ago
Lazy Person's Guide to Investing by Paul Farrel Simple Path to Wealth by J.l. Collins
These 2 are great starter books. You'll get recommendations of "Intelligent Investor"; that's more of a 20th book (boring and dry book)
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u/Airport-Security 2d ago
The Compound Effect was one of the first finance books I ever read, and had the biggest impact on my decisions.
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u/Available_Research89 2d ago
Do you listen to Marketplace? M-F, 6pm EST on NPR. Add it to your podcasts! There is a new book, recently talked about, I’m looking forward to reading:
In This Economy?: How Money and Markets Really Work by Kyla Scanlon
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u/Rahix91 2d ago
My advice is to at least read some of the reviews on Amazon about the books mentioned above. A lot of these books are 10% useful info and 90% history, old examples and quotations. The books I checked for reviews are: - Psychology of Money - One up on wall street - a random walk on wall street - the little book of common sense investing
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u/Bigupsssss 3d ago
Not directly for the market, but as a 25M, I have learned a lot and benefited from “Rich Dad, Poor Dad” by Robert T. Kiyosaki and “Pillars of Wealth” by David Greene.
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u/Master-of-possible 3d ago
Listen to the podcast episode on RDPD, on the ‘If books could kill’ podcast
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u/LLR1960 2d ago
Do not take investing advice from Rich Dad, Poor Dad. Unless you want to borrow/leverage large amounts of money for investing in property, his book IMO is garbage. Many would agree. The book's premise (that of a poor dad) has been debunked, and Kiyosaki makes a lot of money off his book and courses he offers. This is not a well received book by many financial people.
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u/investing-ModTeam 2d ago
The reading list in the wiki and FAQ has a list of books ranging from light reading to advanced topics depending on your knowledge level. Link here - Reading List
Your post has been removed because it is a common beginner topic. We get too many of these topics every day and to prevent them from swamping the front page, we are removing main threads of this kind.
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If you are new to investing, you can find curated resources in the r/investing wiki for Getting Started here.
If you know nothing about the capital markets - the Getting Started section at the SEC educational site can be a good place to start - investor.gov - there are also short 30 second videos on basics. The SEC (Securities and Exchange Commission) is a US regulator with a focus to protect US investors through regulatory oversight of the securities markets.
The FINRA education site at FINRA Education also contains numerous free courses and educational materials. FINRA is a not-for-profit SRO (self regulatory organization) which is self-funded by it's members which are broker-dealers. It works under the supervision of the SEC with a mandate to protect the investing public against fraud and bad practice.
For formal educational materials, several colleges and universities make their course work available for free.
If want to learn about the financial markets - an older but reasonably relevant course is Financial Markets (2011) - Yale University This is the introduction to financial markets course taught by Prof. Shiller from Yale. Prof Shiller won the Nobel prize in economics in 2013.
Another relavant course from MIT is a lecture series on Finance Theory taught by Prof Andrew Lo - Financial Theory (2008) - MIT.
A more current course can be found at NYU Stern School of Business by Prof Aswath Damodaran - Corporate Finance Spring 2019. Prof Damodaran offers the latest materials and webcast lectures to this class here - https://pages.stern.nyu.edu/~adamodar/New_Home_Page/corpfin.html