Are you looking for the best investing books to help you grow your wealth and achieve financial success? Look no further!
At Equity Mates Media we come across a lot of great investing books and we are often asked what is your favourite investing book?
So we thought, we would pull together a list of our some of the best finance and investing books that we have come across! This list of top investing books will provide you with valuable insights and strategies for maximising your returns.
Millennial Money: How Young Investors Can Build A Fortune | Patrick O’Shaughnessy
Recommended by: Bryce (CEO and Co-Founder of Equity Mates Media).
Get your copy: Amazon
Millennial Money is perhaps one of the best investing books I’ve read, particularly if you’re in the early years of your investing journey.
Time IN the market is more important than timing the market, and Patrick O’Shaughnessy’s book outlines why it is crucial to get started investing in global stocks as early as possible.
It starts by examining the common pitfalls and mistakes investors make that impact their long-term returns – chasing fads, investing in ‘the next best thing’ and not being consistent.
The second half of the book is where the magic happens.
O’Shaughnessy sets out a clear strategy and framework to help you build a global portfolio to build wealth. He talks about automating investments, so we get out of our own way. He challenges us to think globally and avoid home country bias. He looks at the impact on returns of ‘being different’ and how you can achieve it.
By the end, you should have a clear path to building wealth in the stock market! This is one of those books you can read multiple times and get something new from it each time.
A Random Walk Down Wall Street | Burton G Malkiel
2022 has shown that the stock market is not for the faint-hearted! If you are currently looking for rock-solid advice to restore confidence and composure then I would highly recommend this book.
Nearly 50 years since first published, Malkiel’s classic has been updated five times with contemporary topics since, but the key messages have remained the same.
Through detailed analysis and an entertaining narrative, Malkiel argues that the best strategy to make money investing is to build a diversified portfolio of index funds (i.e some small caps, large caps, emerging economies, REITs, and bonds) and hold on to them for a long, long time. He even allows you to pick a few stocks for minor investments just for fun and to help you stay interested in the market!
As a novice investor I loved the mix of detailed analysis, but with simple actionable advice on how to approach investing. It’s dense reading however at times, but if you want a thorough run down on everything, and how to invest sensibly for the long term, then this is a great read.
Thinking, Fast and Slow | Daniel Kahneman
This is a must-read for anyone interested in ETF/index investing. Which should be everyone.
This isn’t an investing book per se but it teaches you a lot about the psychology behind retail investing. A lot of our decisions can be fuelled by cognitive biases. These can hinder us from becoming a good investor.
Thinking, Fast and Slow helps you separate your automatic and impulsive system of thinking from your very conscious and deliberate system of thinking, allowing you to think more objectively when it comes to investing.
Daniel Kahneman won a Nobel Prize for some of the work covered in the book.
Broke Millennial Takes On Investing: A Beginner’s Guide to Levelling Up Your Money | Erin Lowry
Erin Lowry explains concepts of financial literacy in a conversational manner that makes the content engaging. Her tone is of a millennial explaining asset classes cas craft beers to millennials, and her writing style free of judgement and superiority. Not only did I want away with a broader superior knowledge or understanding financial terms, I understood why it was important for me to take control to build my wealth.
The book is not for stock tips, but it is a foundational book to have you level up your investing
One note for the audience, there are American terms and product references, so be conscious of contextualising the products to products and government schemes within your own country.
The Little Book of Common Sense Investing | John C. Bogle
This is a must-read for anyone interested in ETF/index investing. Which should be everyone.
The Little Book of Common Sense Investing is a perfect guide to getting smart about the market. The market has been particularly volatile over the past few years, but the lessons in this book ring true for all periods. It has some great depictions of the potential for us as investors to grow wealth over time in the stock market, without having to do anything tricky.
A portfolio focused on index funds/ETFs is really the only investment that effectively guarantees you’ll make money in the stock market over time. Even the greatest investor in the world, Warren Buffett, said this about Jack Bogle:
“If a statue is ever erected to honour the person who has done the most for American investors, the hands-down choice should be Jack Bogle… He is a hero to them and to me.”
If you haven’t dipped your toe into an investing-focussed book, this is an easy place to start.
The Ride of a Lifetime | Robert Iger
This isn’t strictly a book about just investing, but there’s so much you can take from Bob Iger’s book and apply to your own career or investing journey. Firstly, (and to me the most important because I read to unwind) it’s just an effortless read. It’s an easy page turner, because Iger is a great storyteller. It’s also packed with lots of practical advice from a leader who worked their way up through a company, identified their personal strengths and possessed the self-awareness to address their weaknesses.
There’s also a lot to learn from his recollections of Disney’s acquisitions of both Pixar and Marvel, his relationship with Steve Jobs, and the way he handled a few unavoidable but unfortunate public relations crises.
We’ve heard countless experts on Equity Mates talk about effective management being an essential part of a high-performing company, and I felt this book gave me new ideas of what that could look like.
Just Keep Buying | Nick Maggiulli
Just Keep Buying isn’t just an investing book, it is an investing mindset. Buy in good times, buy in bad. Buy when markets are up, buy when they’re down. Buy when you’re young, buy when you’re old. Just keep buying.
Just Keep Buying isn’t passive. It is aggressive. It a mindset to continually find as much as you can afford to invest and get it into the market. Quickly. There is no waiting for the right time or the right market conditions. It preaches buy, buy often and then buy some more.
And Nick Maggiulli does a great job of explaining why this is the investment strategy. Forget spacing your investments out over time, forget trying to time the market and forget individual stocks. Choose your market indexes and back the truck up. An overwhelming amount of data (which Nick presents in a not-so-overwhelming way) backs up this strategy.
If you don’t believe this is the lesson from stock market history… I guess you’ll have to pick up the book.
Whether you’re just starting out as an investor, built a portfolio of ETFs or have been investing for years, this book is a good one. For me, it was less about the investing lessons and more about the investing mindset. Just. Keep. Buying.
Want more great finance books? We regularly ask our expert guests what their favourite investing books are – you can find those here at: Recommended Books