Investment can be an excellent way to save for retirement or generate additional passive income streams, and starting early can only benefit you in the long run.
Beginning an investment journey can be intimidating, so it’s vital that you understand the basics and your available choices so that you can select the one most suited to your financial future. Over time as your income increases so should your portfolio.
No matter if you’re just graduating school or are beginning your investment journey as a teen-these selections of books for young investors are sure to help guide the way towards success.
1) The Little Book Of Common Sense Investing
Most experts consider John C. Bogle’s classic financial guide an essential reading before beginning investing. Published first in 2007 but revised and released for public sale again in 2017, its 2017 edition includes two additional chapters covering asset allocation and retirement investing choices.
“The Little Book of Common Sense Investing” provides a framework for building an acceptable portfolio and makes smart investment choices. Bogle emphasizes index reserves while encouraging readers to avoid investing fads by building an expansive and varied portfolio.
2) A Beginner’s Guide To The Stock Market
Young investors new to the stock market will benefit greatly from this book by Matthew R. Kratter. He provides an introduction to various stocks, how they work and how to analyze them for temporary and long-term performance.
“A Beginner’s Guide to the Stock Market” addresses mistakes often made by novice investors and how to avoid them. Furthermore, “A Beginner’s Guide to the Stock Market” dives right in with investing strategies and techniques designed specifically for newcomers looking to enter the stock market – making this book an excellent first choice among investing books.
3) Broke Millennial
Suggested as one of the top investing guides for young investors by members of Investopedia Financial Review Board, “Broke Millennial” takes into account something many other investing guides fail to address: understanding personal finance and spending habits are vital in becoming successful investors.
Erin Lowry offers advice for taking control of your finances regardless of income levels, and investing. Young investors will learn tips for stretching paychecks further and building their retirement reserves early. Unlike many traditional financial aides, this book was written specifically with novice investors in mind using simple language that they will quickly grasp.
4) The Book On Rental Property Investing
Young investors might immediately think of the stock market when creating an investment portfolio, but this isn’t your only option for diversifying and growing money. Rental property investing can also be used to bolster savings – provided you know what you’re doing! This book covers every step in buying and renting properties as well as advice on choosing an appropriate property, selling/renting arrangements and house flipping opportunities.
Brandon Turner offers an all-encompassing approach to real estate investment with “The Book on Rental Property Investing”, including how landlording impacts financially and how to overcome any common landlord challenges.
5) The Only Investment Guide You’ll Ever Need
Learn the fundamentals of starting an investment portfolio without spending a penny with this useful guide from finance writer and co-host of PBS series “Past Wall Street: The Art of Investing,” Andrew Tobias. Young investors will find Andrew’s advice invaluable as he walks them through creating a sound financial base, with special focus on starting up their savings account early on.
Readers of “The Only Investment Guide You’ll Ever Need” will discover sound investing advice that they can apply across their financial lives in this aide. Originally distributed in the 1970s and revised again in 2016 with more commentary on advanced investing, including author thoughts about 2008 financial crisis.
6) One Up On Wall Street
Peter Lynch offers this open and honest financial guide as an expose on Wall Street investing practices, with firsthand insights from experienced Wall Street traders. “One Up on Wall Street” follows the ascent of internet stocks while discussing changes to investing today and Lynch explores opportunities available to amateur investors, particularly younger or more inexperienced ones.
Peter Lynch was once the manager of Fidelity Investments’ multibillion-dollar reserve. In his book “Finding Stocks That Will Perform”, he provides instructions for new investors looking for “tenbaggers”, or stocks likely to appreciate by 10 times, into top performers. This pick has been selected by the Investopedia Financial Review Board especially for young investors.