Investing is scary, especially when you’re just starting out. Luckily, there is help. Today’s article examines the three best books for new investors.
These are fun, informative titles which help demystify the world of finance.
If you’re looking to improve your investment knowledge, read any of the following books.
1. Cashflow Quadrant
This is one of the first investing books I ever read, and it’s an eye opener.
While not as strategy oriented as other titles on this list, Cashflow Quadrant explains why it’s crucial that you invest.
You’ll learn about different sources of income (such as employment, investment, and business ownership), how to separate assets from liabilities, and the keys to creating passive income.
Cashflow Quadrant is an excellent book for changing your mindset and going from “employee” (someone who works for their money) to investor (making your money work for you). I highly recommend it.
2. One Up On Wall Street
One of the best books on finance ever written.
Authored by Peter Lynch (arguably the greatest investor in American history), One Up On Wall Street shows you how to assess opportunities and find “hidden gems.”
There’s a lot of fascinating material here, and you’ll discover some insider secrets for finding the perfect investment.
One example (and a personal favorite of mine) is to avoid “exciting” fields (like Tesla) because they’re often rife with drama and competition. Instead, look for businesses and assets with very little competition or consumer interest.
That’s where the money is.
While these techniques were originally written for the stock market, but I’ve had success applying them to Crypto as well.
3. Money: Master The Game
This is a big book packed with tons of useful information.
Money: Master The Game is a series of interviews between Tony Robbins and numerous financial leaders such as Ray Dalio and Paul Tudor Jones.
The book covers all the major strategies for successful investing, from dollar cost averaging to asset allocation. Plus, you’ll discover a ton of fun and interesting examples showcasing these techniques in action.
There’s a ton of depth here, and it’s a top-notch book, teeming with actionable advice.
Closing Thoughts On The Best Books For New Investors
All the books I’ve mentioned above are great starting points for your investment journey. They’re informative and in-depth, while still being fun reads.
Each of these titles showcases the importance of investing, while also providing useful strategies on how to maximize your returns. Finish all three, and you’ll know more about the markets than 99% of people.
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