1. The Intelligent Investor by Benjamin Graham
Graham has created a self-help book that is extremely useful for first-time investors. But even professionals are likely to take away some useful investment tips and tricks. It is full of great investing advice that is tested and proven to work by the author himself. It covers many topics such as safely investing in stocks and bonds, how to choose the right investment, identifying market trends and maximising your returns. But so much more too! It will help you to discover the benefits of long term investments and guide you step by step to making good investment choices.
2. One Up on Wall Street by John Rothchild and Peter Lynch
Peter Lynch is Americans number one money manager, so if there’s anyone to take advice from, it’s him. This book gives lots of informative guidance on investing, particularly focusing on the stock markets. He teaches his readers how to study companies developments and discover potentially successful companies. If you follow his theories, he promises readers that they will become better investors and make many financial gains. He lays out a step by step guide which is very straightforward even for readers with no experience in the stock markets.
3. Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle
Bogle presents a straightforward and simplified guide to investing aimed at first-time investors. He starts with the very basics of investing, such as discovering what kind of investor you want to be and how to open a brokerage account. Then he will move on to more complicated aspects of investing such as studying the market. Bogle essentially provides a step by step guide to reaching your financial goals. He also includes advice from many financial professionals too such as Warren Buffet, Burton Malkiel, Benjamin Graham and Paul Samuelson. There are many strategies for building a solid financially stable future.
4. A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G. Malkiel
This book gives a very broad overview of how stock markets are structured and how investors can analyse them effectively and correctly. Malkiel goes right back to the history of stock markets and how they’ve progressed to become what they are today. He mentions a few key concepts that will undoubtedly change the way you think about investing. He gives many tips and tricks throughout the book so make sure you have your pen and paper ready. He will teach you how to invest smarter by studying the common behaviours and psychologies behind bad investors. Whilst also ensuring readers understand how irrational and unpredictable the market can be.
5. How to Make Money in Stocks: A Winning Book System in Good Times and Bad, Fourth Edition by William O’Neil
Neil provides many different methods of trading and investing in the stock markets. He gives very insightful advice on how to study companies and how to judge when the stock market is about to shoot up. The book is highly informative with simple and straightforward explanations of how to invest and make financial gains. All of his advice is fully backed up with long term research. If you don’t have much experience investing or want to become better, this book is a must-read.