May 04, 2022
A Gallup poll in 2022 indicated that just about half of Americans own stock and that stock ownership was strongly linked to household skills and higher attainment, among other characteristics. More than 85% of individuals with a post-graduate degree and 84% of household incomes more than $100,000 owned stock, compared to less than a third of those making less than $39,999.
These books can help you learn more about investing if you're one of the 35 per cents of Americans who aren't interested in the market or currently have an investment account and want to see it expand.
Though Benjamin Graham's "The Intelligent Investor" was first published in 1949, its lessons are still relevant today. Investing in equities at a discount to their intrinsic worth (i.e., stocks that are now undervalued by the market) is a central theme. At the same time, dealing with the emotional component of investing, "The Intelligent Investor" teaches readers how to gain money in investments without putting themselves in danger.
Jason Zweig, a financial journalist, contributed commentary and footnotes to this newly revised edition.
If you're not familiar with index funds, you're not an investor. On this topic, John C. Bogle, the Vanguard Group's founder, concentrates on "The Little Book of Common Sense Investing". This book discusses Bogle's low-cost mutual fund provides incentives in great detail by providing straightforward explanations and practical advice.
This 10th-anniversary version has been revised to reflect current market conditions. Even so, it's a must-read for every serious investor. In addition to "Common Sense on Mutual Funds," Bogle has written "Enough" and "Common Sense Investing."
You can develop wealth by investing in the stock market, but you can also do it through real estate. "The Book on Rentals Property Investing" by Brandon Turner is an essential book for investors. Rental property advice ranges from avoiding typical mistakes made by investors to getting great offers on rental homes to finance rents. Tucker, a real estate investor, co-hosts the "BiggerPockets Podcast".
"A Visual Guide to the Stock Market" covers all the stock market basics, including how to profit from it. Written by famous author and erstwhile investment banker Matthew Kratter, the book discusses everything from typical investment blunders and how to eliminate them to where to start a business account, how and when to buy your first financial, and how to get passive income from the stock market.
As a New York Magazine writer in the 1970s, Tobias penned "The Only Investment Guide You'll Ever Need," still relevant today. The author's usually funny, and the plain writing style is evident throughout the book, which offers advice on how to grow wealth, the best plan for retirement, and even everyday tactics that will save you money in the long run.
(In this revised form, these lessons are also applied to the current market.) Author of York Times bestselling "Burn and Ice" and "On Invisible Bankers," Tobias also writes for Time, Esquire, and Magazine about financial regulation.
"Rich Dad, Poor Dad" by Robert Kiyosaki is amongst the most widely read books on personal finance ever, and for a good reason. When I was growing up, my dad and my best friend's dad taught me everything I knew about money, from the difference between assets and liabilities to that you don't need a high salary to generate money (but should be). Kiyosaki has added new material to this 20th-anniversary edition, originally released in 1997.
Many people like to invest but don't have the know-how, and "The Money Manual" by Tonya Rapley is an excellent place to start. Topics include budgeting, goal-setting and credit building, and how to deal with student loan debt, among others. Since starting My Fab Finance, Rapley has been featured in several publications, including Forbes, U.S News & World Report, N.Y. Times, Refinery 29, Vogue and many more.
"Think and Grow Rich" by Napoleon Hill is a motivational guide and a financial guide at the same time. His "Law of Success" theory, which he coined, is based on anecdotes from corporate giants like Andrew Carnegie and Henry Ford and inventors like Thomas Edison and Nikola Tesla. First published in 1927, more than 300 million copies have been sold. Pell's comments have been added to this updated edition. He is an author, lecturer and consultant.