So you’ve decided to begin your investing journey yet you aren’t sure about the starter pack?
Well, if you are new to trading, it’s important to understand the fundamentals of investing and the various options which are suitable for you for your financial future. Whether or not trading is your side or main income, if things are going great, your portfolio will expand, and eventually, you will earn profits.
It doesn’t matter even if you are a beginner or experienced trader, it’s important to continue learning and developing your skills to battle the market. Hence, these are the top 7 picks of the best books for young investors that will guide you to succeed.
1. The intelligent investor - Benjamin Graham
Even though this book is published in 1949, however, his lessons are still influential today. This book is focusing on the value investing strategy and the practice of buying stocks for a lesser price than the value (a.k.a undervalue stocks). This book teaches readers how to make money in the stock market without flaunting huge risks amounts of money as well as tackling emotions in investing.
2.Rental Property Investing - Brandon Turner
Investing isn’t just about the stock market, forex, crypto, or whatsoever. Investing in real estate is one of the best ways to build wealth in which this covered from Brandon Turner’s book “The Book on Rental Property Investing.” This book mentions how to build your own rental property income streams, from the common mistakes of real estate investors (and how to prevent these mistakes). Basically everything you need to know before you decided to invest in real estate that will save you from unnecessary mistakes.
3. Rich Dad Poor Dad - Robert T. Kiyosaki
“Rich Dad Poor Dad” is one of the most popular investing books for investors. It tells the story of the author’s background on how he learned investment from his father and his friend’s father. It teaches how you don’t need a large income to earn money and many more business knowledge that school never taught the students about. One of his favorite quotes is “ for most people, their profession is their income. For rich people, their assets are their income.”
4. A Beginner’s Guide to the Stock Market - Matthew R. Kratter
This is the best book for young investors who do not have experience with the stock market, period. It teaches you every inch of the types of stocks, how they work, and explain how to analyze stocks to find ones that can perform well in both the short-term and long-term. One key area this book focuses on is the mistakes beginner investors tend to make and how to encounter them.
5.One Up on Wall Street - Peter Lynch
In this book, Peter Lynch shares his top secrets about internet stocks and breaks down the ways modern investing has changed in the years since. It also emphasizes the opportunities on how to research and find stocks that may be likely to perform and stocks that are likely to appreciate tenfold into a top performer.
6. Thinking Fast and Slow - Daniel Kahneman
This New York Times bestseller orchestrates the readers on how to make choices based on instinct and intuition and how this can affect your life, including financial health. This book also reveals how to make smart investing decisions by removing emotion from the equation as many investors tend to dwell their trades with feelings - in which Kahneman demonstrates excellent decision making that is entirely based on logic, even if the decisions feel uncomfortable.
7. The Modern Guide to Stock Market Investing For Teens - Alan John
“The Modern Guide to Stock Market Investing for Teens” covers key tips and strategies for teens who are interested in investing in the stock market. This was written by a teenager in California, Alan John, whose goal is to help influence young people to invest early.
The author convinces teens and college students to start investing even with less amount of money that they can spare. It explains how the invested dollar can grow over time with the power of compound interest and market growth. Those young investors who aren’t willing to find out more about investing will find this book attractive enough to find strategies and grow the portfolio in the long run. All in all, this book can tackle complex terms of investing in a simpler way.