This article contains affiliate links

Welcome to this amazing roundup of the best investment books for beginner investors!  I reached out to over 100 personal finance bloggers and was pleasantly surprised with how many were responsive to my request for their favorite beginner investment book.

After asking over 100 money bloggers for their favorite investment book for beginners, 30+ replied! The results are fascinating.

Investing is extremely important, and I put this resource together to help guide you to make the right investment decisions.  You will realize there are no books on bitcoin and no books on day-trading in this list.  Investing is about the long-term, not the short term.

Below is the list of the best books for investment beginners suggested by over 30 money bloggers.

Related: If you are new to investing, take a look at my article How to Invest in the Stock Market – 11 Simple Steps for Millennials or signup for my FREE email course for investment beginners below!

Accelerated FI:  A Random Walk Down Wall Street by Burton G. Malkiel

 About the book

I chose this book because it’s so easy to think you can beat the market or believe that a fund manager out there can do it for you. It’s tempting to think there’s a shortcut to building wealth in the market but there just isn’t. If all of these studies prove nobody can predictably and consistently beat the market even when it’s their full time job then why would you bother trying when you are just spending your spare time on it?  This book was the best eye opener to convince me to only invest in index funds and not screw around with my retirement money.  I lost about $7k trying to beat the market by trading options and it was a lesson that will stick with me forever thanks to this book

About Accelerated FI

My site is www.AcceleratedFI.com.  I mainly write about side hustles and making extra money on the side.

Adventures in Mobile Homes: Rich Dad, Poor Dad by Robert Kiyosaki

 About the book

On the investing side, I have to recommend Rich Dad, Poor Dad. This book changed my life. It taught me about passive income. Before reading the book, I had no idea there were different kinds of income!

About Birds of a FIRE

This is Olivia from Birds of a FIRE, a financial independence blog from the perspective of a young millennial looking to hack the luxuries while speeding up FIRE by side hustles.

Budgets Are Sexy: The Simple Path to Wealth by JL Collins

 About the book

I’d go with JL Collins’ “The Simple Path to Wealth” – not only because it covers my own personal favorite investing strategy of Index funds, but also because it covers how it all fits into *life* and *money* in general. It’s hard to separate out some of these things since it’s all inter-connected, and Jim does an excellent job of not only helping to get your mindset right, but also making it entertaining in the process. Great overall book!

About Budgets Are Sexy

My goal with this blog is to get people to stop and *pay attention* to their money. Especially you younger gen. You won’t find any long in-depth instruction manuals or anything else that bores me to death here, as I really want this to be a fun place to share and interact with each other. I think this comment from a random passer-by sums it up perfectly, “he’s the Miley Cyrus of finance,” haha… I’m pretty sure it wasn’t a compliment, but I’m taking it as one anyways 😉  budgetsaresexy.com

Can I Retire Yet: The Simple Path to Wealth by JL Collins

 About the book

I love JL Collins’ book “The Simple Path to Wealth”. His writing simplified investing for me and made it accessible. It isn’t the only investing book you should read, but it is the first one I recommend to everyone looking to get started.

About Can I Retire Yet

This site is focused on the personal finance needs of anyone who is thinking about retirement or early retirement. The initial audience is my own baby boom generation, but anyone who is interested in financial independence and financial freedom will find value here.

This site is different from other personal finance blogs, in being written by someone older, who actually has saved, invested, and retired early. The ideas covered here aren’t speculation, future plans, or wishful thinking. They are firsthand experience.  canIretireyet.com

ESI Money: The Bogleheads’ Guide to Investing by  Lindauer, Larimore, and LeBoeuf

About the book

Since I’m a big fan of index funds and primarily use Vanguard funds, it’s probably no surprise that I like a book highlighting the investment philosophies of Vanguard’s founder, John Bogle. But even if I didn’t like index funds or Vanguard (which some of you may not) I think I’d still like this book.

About ESI Money

ESI Money is written by “ESI”, a 50-something retiree. The site is basically a list of what’s allowed me to become financially independent and how you can implement those successes in your life.

Financial Panther: The Simple Path to Wealth by JL Collins

About the book

The suggested investment book for beginners that I recommend is The Simple Path to Wealth by JL Collins. I seriously think it’s a life-changing book for new investors. If you’re only willing to read one investment book, this is the one to read – follow what it says and you’ll do better than most people in life.

About Financial Panther

I blog over at FinancialPanther.com, where I write about my journey as a lawyer side hustling towards financial independence.

Financial Pilgrimage: Lifeonaire by Steve Cook

Fitz Villafuerte: The Four Pillars of Investing by William Bernstein

About the book

If you’re looking for a beginner’s guide to investing, then this book is for you. It will take you to the reasons why you should invest, what to look for in any investment so you can avoid bad ones, and more importantly, how to choose which one is best for you.

The best lesson from the book: It’s sometimes best to be boring about investing.

When you’re just starting out, putting your money only on investments that you really know is your best option. Later on, avoid following what’s hot as told by the media and learn to just sit on what you have.

Finally, never invest on anything unless you’ve taken the time to learn how it works and you have a clear understanding of its pros and cons.

About Fitz Villafuerte

Fitz Villafuerte owns the blog, Ready To Be Rich (www.fitzvillafuerte.com), It’s a  blog about business, investments, and personal finance. It was started in 2007 and has ever since been teaching Filipinos on how to achieve financial freedom through
financial education.

The Frugal Gene: The Little Book that Beats the Market by Joel Greenblatt

I read the Magic Formula (MF) investing method called ‘The Little Book that Beats the Market’ – by Joel Greenblatt and thought his wit was delightful. It’s good for beginners because a lot of investing books come off a little dry and technical. I found his book to be a fun read. Greenblatt stresses the importance of investing in valuable, successful, long-term companies and claims to beat the S&P 500 96% of the time. It’s an interesting alternative or “spice” to the typical index fund investor.

I’m Lily over at The Frugal Gene. I share my life and finances with our readers with openness. My husband and I scrimp, save, and work our bums off to save over 6 figures a year in the grandest pursuit of financial independence. We live car-free and moonlight as your pillow fluffing hosts on Airbnb. Follow along if you like a little humor with your morning read.

Life and My Finance: Millionaire Teacher by Andrew Hallam

 About the book

The book that best reflects and explains my beliefs about investing is “Millionaire Teacher“. Andrew Hallam does an excellent job summing up the earnings of mutual funds vs. index funds and is living proof that the lazy investor is a wise investor. Love it!

About Life and My Finances

My website, LifeAndMyFinances.com is all about getting out of debt, saving money, and becoming rich via simple investing. It’s worked for Andrew, it’s worked for me, and it will work for you too!

Making Momentum: Millionaire Teacher by Andrew Hallam

My recommendation for the best investment book for beginners is Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School by Andrew Hallam. The author breaks down the fundamentals of money management in an easy to understand and simple manner. Rooted in sharing actionable advice, the book is perfect for beginners looking to better understand saving, investing and financial independence. The book was also updated in 2017 to provide refreshed information to match the most recent markets and financial landscape.

Michael Dinich: Whatever Happened to Penny Candy by Richard J. Maybury

Money Ahoy: Wealth by Virtue by Chad Gordon

Money Q&A: Investing for Dummies by Eric Tyson

My Millennial Guide: The Little Book Investing Series

My Money Wizard: The Only Investment Guide You’ll Ever Need by Andrew Tobias

“My favorite book for beginning investors is The Only Investment Guide You’ll Ever Need by Andrew Tobias. It’s a bold name, but as far as a crash course on investing basics, this book covers it all. Topics range from the basics of saving money all the way to covered call options trading, and everything’s written in a down to earth and at times hilarious way. Plus, Mark Cuban credits his success to the book, so it’s got that going for it. You can read my full book review here.”

Our Financial Path: Millionaire Teacher by Andrew Hallam

 About the book

A good inspiration for me was the Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School by Andrew Hallam. This book shows how simple index fund investing and a proper investment methodology can help any middle-wage individual become a millionaire.

The author was a schoolteacher who has accumulated great wealth simply by sticking to the plan. This helps any middle-class investors to relate. A very inspiring book that shows a clear step-by-step to wealth building. It shows the very principles I teach here; younger investors should invest steadily, automatically, stop looking at stock market news, ignore the “professionals”, and, invest in low-cost index fund investing.

About Our Financial Path

While most other bloggers in the field are already retired or write about personal finance full-time, I started my path only a year, 2, 3 years ago and will take you with me throughout my challenges and accomplishments.  http://ourfinancialpath.com

PF Geeks: I Will Teach You To Be Rich by Ramit Sethi

 About the book

This is Rich from PF Geeks! I’ve read a number of personal finance and investing books. One that I would absolutely recommend to beginners is “I Will Teach You To Be Rich” by Ramit Sethi. I’ve been reading through it recently and it is fantastic! I will say it isn’t a purely a book on investing, but goes into automating your finances and setting yourself up to invest.

About PF Geeks

PF Geeks is where I nerd out and write about save money, make money, and manage your own money! I’m also passionate about helping couples get on the same team with their finances!  You can click here to checkout PF Geeks

 

Physician on Fire: How To Think About Money by Jonathan Clements

“In How to Think About Money, Mr. Clements demonstrates the importance of not only investing money wisely, but also spending money wisely and understanding the role money plays in living a happy and fulfilled life.”

You can click here to read a review about How to Think About Money by Physician on Fire

Savvy New Canadians: The Four Pillars of Investing by William J. Bernstein

 Savvy New Canadians is a personal finance blog that focuses on money, savings, investing, credit, debt management, financial freedom, retirement planning, frugal living, DIY, productivity, entrepreneurship and more. You can click here to go to savvynewcanadians.com I have also reviewed the book “The Four Pillars of Investing” here: Four Pillars of Investing Review

Seller at Heart: One up on Wall Street by Peter Lynch

Sneaky Falcon: The Millionaires’ Club: How to Start and Run Your Own Investment Club by Carolyn M. Brown

Spills Spot: The Simple Path to Wealth by JL Collins

About the book

My recommendation for an investment book for beginners would be The Simple Path to Wealth by JL Collins. In the book, Jim clearly lays out the steps for how to start building wealth through passive index fund investing. This is a great option for any investor, beginner or advanced. The book talks about the how and why for putting this investment strategy into place.

About Spills Spot

This is Matt from Spills Spot, a personal finance blog focused on inspiring my generation to be more interested in personal finance and improve at managing their money.

Stock Street: The Little Book of Value Investing by Christopher H. Browne

 About the book

In my opinion, a good book on investing for beginners is the long and the short of it by John Kay. The book describes itself as “a guide to finance and investment for normally intelligent people who aren’t in the industry”. It is a great guide for beginners as it assumes that you don’t know a lot about investing and therefore steps out investing from start to finish in a comprehensive, but user friendly fashion. If you’re keen to learn about investing principles and practices, check it out.

About The Flawed Consumer

I’m Kara, from www.theflawedconsumer.com. The Flawed Consumer is a money management blog that follows me, a flawed Gen Y consumer, in my quest to achieve wealth simply by changing spending habits.

Time in the Market: The Bogleheads’ Guide to Investing by Lindauer, Larimore, and LeBoeuf

About the book

I recently wrote about this on my blog(https://timeinthemarket.com/the-three-best-beginner-investing-books/) but I think the best beginner book is The Bogleheads’ Guide to Investing. I like it because it teaches the reader all he or she need to know about investing in simple and easy to follow terms. It outlines a path to success, tells the reader exactly what they need to do to get there and doesn’t get bogged down in the details. On top of that, the book gives some basic advice on expenses, loans and other financial matters beyond investing.

 

It’s one of those books that can teach you all you need to know about saving for retirement and many people won’t have to read anything else after this book unless they find investing fascinating and want to know more.

Maplemoney: The Little Book of Common Sense Investing by John C. Bogle