7 Great Books Every Investor Must Read

The best time to start investing is as early as you start earning money. With the right investment in place, you can begin to plan for your future or earn a passive income within a short while.

Everybody wants to hop into investing without realizing that becoming an investor is serious business. Investing in profitable ventures can give the investor immense benefits and wealth. But without taking certain steps and learning about investing before diving in, you might make some avoidable mistakes.

To learn, you have to read, and there are several books written for new and advanced investors to help smoothen the path and make it easier to make the right decisions. As you grow in the business of investment, you will need the services of a broker. A great broker takes the whole weight off your shoulder and helps you with the run-around of your business. If you are from Germany, you can visit Brokerschart to find a list of the best brokers online who can help you in your journey.

Important Books Every Investor Must Read

Whether you are a new investor or someone who has been investing for a while, you still need to read books to help you grow. Below are some books every investor must read:

The Intelligent Investor By Benjamin Graham

This book has been described as “the best book written on investing” by one of the most popular investors of all time, Warren Buffet. It is highly referenced because it teaches all investors an important lesson — “how not to lose money.”

Losing money is one of the problems all investors are known to face, and this book tries to help proffer solutions for that. The most popular rules are; “1. Try not to lose money and 2. Never forget rule 1.”

Rich Dad Poor Dad By Robert Kiyosaki

This is a book that every investor who wants to succeed should read. This hit investment book can be found in almost every library and bookstore because of the wealth of financial knowledge it contains.

It explains what rich parents teach their children about money and what middle-class parents do not and how these lessons contribute to success. This book focuses on breaking myths and is a must-read for every investor.

The Only Investment Guide You’ll Ever Need By Andrew Tobias

A financial advisor writes this book, and he gives the readers tips and tricks on how to start a portfolio from scratch and grow it to a multi-million dollar business.

This is a great book for young investors who are just entering the business world and need someone to hold their hands and show them the ropes.

It not only teaches readers how to build on savings but gives tips that are important for every aspect of their financial lives.

Thinking Fast and Slow By Daniel Kahneman

This book talks about psychology and why we do the things we do when it concerns money. The writer is a psychologist, and the book aims to help people understand why we make right decisions based on our gut feelings, even when statistics and numbers say otherwise.

Beating The Street By Peter Lynch

Many investors jump into the stock market without understanding what it means and all it entails and are stuck. This book gives the readers advice on being practical when making investment decisions.

The author’s advice is based on experiences and real-life examples. He explains the importance of using brokerage firms to help smoothen your journey in the world of investing. So, before choosing an online brokerage firm like CMC Markets or any other one to cater to all your brokerage needs, you might want to read the book.

The Essays of Warren Buffett By Warren Buffett

We cannot write about investment without including Warren Buffett. He is known as the godfather of investments and has highlighted his experiences in this book to help growing investors make the right decisions.

He has a strong knowledge of finance, people, stocks, economy, and law, amongst others, and he uses them to write this excellent book. It can work as an introduction to how the stock market works.

Think and Grow Rich By Napoleon Hill

This book is a favorite for a lot of people. In this book, Hill explains that becoming wealthy doesn’t happen overnight, and one can be rich one minute and become poor the next because of financial mismanagement.

He explains his 13 principles for success and achievement. This is a book all investors must read to learn more about money management.

Key Takeaways

Becoming rich as an investor doesn’t happen overnight. Even if investment means allowing your money to work for you and getting passive income, you must also invest in gaining knowledge.

For instance, as a resident in Germany, it is only through reading that you can learn more about brokerage firms like Sparkassen Broker and how they can help ease your investment journey.

One of the habits of every successful investor is reading. As a new or seasoned investor, the books listed above are a must-read for you if you care about being successful at what you do.