Taegan Lion
Stock investing can be a devastating way to lose all your capital money in a blink of an eye if you proceed haphazardly. But if approached and done correctly, will reward you with massive dividends beyond your wildest imaginations. Learn the basics first until you can grasp the harder concepts before going toe-to-toe with one of the most volatile markets in this world today. Here are 15 stock investing books every beginner should read.
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#1 Consider Your Options by Kaye A. Thomas
Many people with little to no stock investing experience get stock options from work and/or employee stock purchase plans (ESPP). It will help employees understand their stock compensation and options. It explains terminology, rules and regulations, tax consequences, elections to reduce taxes, and strategies. I find it an excellent resource
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Contributor: Beth Logan from Kozlog Tax Advisers
#2 Behavioral Finance and Wealth Management by Michael M. Pompian
At poker night last month, I knew I was out-matched for experience in the game, but I was more than ready to read the table. It all started with knowing myself. This book by Pompain uncovers, for stock investors of all levels, how your brain works and all the dangerous pitfalls of how our brains are wired. Required reading for every investor to be successful.
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Contributor: Mike Kurz from OverShare
#3 The Intelligent Investor by Benjamin Graham
This book is essentially the stock market bible. The author is known as the greatest investment advisor of the 20th century. His philosophy of “value investing” essentially shields investors from substantial error and teaches you to develop long-term strategies.
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Contributor: Cindy Vander Schueren from Making Coins Count
#4 One Up On Wall Street by Peter Lynch
Easy to read with minimal technical jargon. One up on wall street provides great insights into sorting out the gold from the garbage. He teaches you his strategy for creating a successful portfolio. Most of which involves spending a few minutes reading through a company’s financial statements.
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Contributor: Cindy Vander from Making Coins Count
#5 How to Make Money in Stocks by William J. O’Neil
The author clearly walks through how you can turn just little savings into substantial returns. The secret? The CAN SLIM investment system. It’s basically a detailed recipe for making money on the market for everyday individuals who don’t have a finance background.
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Contributor: Cindy Vander from Making Coins Count
#6 A Random Walk Down Wall Street by Burton G. Malkiel
Learn to navigate the turbulence of the market and manage your portfolio with confidence. You’ll learn about stocks but also bonds, money market accounts, real estate investment trusts, insurance, home ownership, gold and collectibles.
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Contributor: Cindy Vander from Making Coins Count
#7 Jim Cramer’s Stay Mad for Life by James J. Cramer
It's an easy read for the novice. I read this book when I was 25 and thank goodness I did. Since I was 25, I have followed one of the tips that Jim gave - investing $2,000/year in the S&P 500. It's a safe investment and will always increase, especially with inflation.
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Contributor: Aaron Udler from OfficePro, Inc
#8 Rich Dad, Poor Dad by Sharon L. Lechter, Robert T. Kiyosaki
Rich Dad Poor Dad is Kiyosaki’s personal journey to understanding investments. If you have investment anxiety this a great book to start with, explaining why starting and making the wrong investments is better than not investing at all. So get in the game and start investing.
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Contributor: Nate Masterson from Maple Holistics
#9 The Little Book of Common Sense Investing by John C. Bogle
John Bogle wrote the book in order to show how playing the market doesn’t have to be a zero-sum game. The book will give you a comprehensive look at how to build a foolproof. With in-depth insights and great advice, The Little Book of Common Sense Investing is a must-read for investors in the driver’s seats of their portfolio.
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Contributor: Nate Masterson from Maple Holistics
#10 The Most Important Thing Illuminated by Howard Marks
The Most Important Things Illuminated provides insight into “second-level thinking” such as the price/value relationship, patient opportunism, and defensive investing.Marks advises readers how to look for good companies at cheap prices, deal with risk, stages of both bull and bear markets, how to be a contrarian, and avoiding pitfalls, amongst other topics.
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Contributor: Joey Shadeck from StockBrokers
#11 The All-Season Investor by Martin J. Pring
This is the best book about understanding the stages of the business cycle and what asset classes perform best in each stage.
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Contributor: Craig Thompson from Asset Solutions
#12 Japanese Candlestick Charting Techniques by Steve Nison
Analysis of a security starts with a price chart. The typical line chart only gives you one data point for each trading day. A candlestick chart will give you four, in addition to numerous patterns that affect future price. Steve Nison has other candlestick books that he has published. I would recommend you read all of them. There are not any serious traders or investors that do not understand and use candlestick charts.
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Contributor: Craig Thompson from Asset Solutions
#13 Trade Your Way to Financial Freedom by Van K. Tharp
Best book out there that will teach you about managing risk through position sizing. If you don't understand how to manage risk you will not be trading long.
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Contributor: Craig Thompson from Asset Solutions
#14 Technical Analysis Explained by Martin J. Pring
Martin Pring is one of the most respected market technicians in the business. If you are serious about investing you have to read numerous books on technical analysis. This is the best one to start with.
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Contributor: Craig Thompson from Asset Solutions
#15 The Investment Answer by Daniel C. Goldie
The book is short and written in lay terms so anyone can understand the concepts of investing in the stock market. I consider this book a must read for financial health.
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Contributor: Mark R. Morley from Legacy Financial
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I purchased this same book back in 2014. It has been a great source of information on options and I look forward to reading his updated version. Mr. Thomas makes it easy to understand a very complicated topic. I would highly recommend this book.
There is a 2019 version with a darker cover. Make sure to look for that version.