The most successful people in history never stop learning. This holds especially true for finance and investing. The best investors are constantly looking for new information and viewpoints to hone their investment strategies. While the internet contains the most widespread information, nothing beats a good book.
There are a number of legendary books in the investing space (such as The Intelligent Investor). However, new books are constantly being released with modern takes on investment strategies. Below is a recommendation for the best investment books going into 2021.
Stock Investing for Dummies
Who it is good for: Any new investor that is interested in stock analysis
Where to buy: Stock Investing for Dummies on Amazon
Details: The famous “…For Dummies” book series covers a wide variety of topics, from carpentry to mathematics. The stock investing edition is very similar, starting with base level stock analysis and delving deeper as the book goes on. This is a great book if you are completely new to investing, and want to know the basics.
This is a book that you will read through once, but use as a reference often as you invest.
Pick Winning Stocks in 5 Steps
Who it is good for: Experienced investors and newcomers that want a deeper understanding of financial analysis
Details: While it may seem just another personal plug, I really would like to recommend my own personal guide on picking stocks. This book, written earlier in 2020, was specifically created for the modern market environment. It is so hard to find valuable stocks at a good price these days, but through fundamental analysis, you will be able to find the gems of the market. These are the same strategies that Warren Buffet uses, as well as numerous other successful investment managers.
In this eBook, I cover everything from basic stock screening to more advanced financial analysis. If you are an amateur investor and want to take the next step in your stock journey, this is the investment book for you!
The Book on Rental Property Investing
Who is it good for: Anyone considering getting into Real Estate Investing
Details: Real Estate investing is one of the long-term goals of many investors. Owning property not only provides a monthly source of rental income, but also enables an owner to build valuable equity. However, real estate is a complicated business that the uninformed should not delve into. This investment book specifically aimed at buying rental properties is a great place for beginner real estate investors. Everything from understanding housing values, fair pricing, mortgages, and the like is covered.
The Four: Hidden DNA of Amazon, Apple, Facebook, and Google
Who is it good for: Existing or prospective tech investors
Details: The fastest growing sector the past 5 years has been tech- specifically FAANG (Facebook, Amazon, Apple, Netflix, and Google). The Four covers the four of the largest companies in the world, all of which affect our daily lives. Not only that, but the returns provided by these four companies outperform many other investment strategies.
While this book was written in 2017, its content has only become even further cemented into market philosophies. Author Scott Galloway answers tough questions, like why the market values these four specific companies so highly. Reading this will not only give an investor a better understanding of the big four tech companies, but the greater tech space in general.
Investing for Kids: How to Save, Invest, and Grow Money
Who it is good for: Kids that are just starting to understand money and the importance of investing
Details: It is never too early to begin a child’s financial education. Investing for Kids is an upcoming book that introduces older kids (ages 8-12) to finance and money in an approachable and fun way. Filled with relatable examples kids will understand why saving their money is important, how investing earns them even more money, and other foundational concepts.
Financial education is at an all-time low across the board, and investment books for kids gives any kid a head start compared to any of his or her peers.
While some of our favorite books are listed above, there are plenty of different options when deciding on the next investment book to read. You cannot go wrong with learning anything new, especially with finance. If you have any books that you’ve recently read, email us at firstname.lastname@example.org! We would love to hear some other great reading recommendations.