When you’re a beginner, investing can be intimidating. If you want to avoid making major mistakes it’s important to educate yourself first.
My first stock pick was a horrible choice – I thought I was going to get rich by purchasing penny stocks. Boy, was I wrong.
Since then I have been working on building a portfolio of dividend stocks, but not before I educated myself.
I’ve began reading investing books and blogs so that I can get a grasp on picking quality, long term investments. And I’ve also started researching the best online brokers to use.
I’ve decided to further educate myself and have devised a plan for the start of a New Year. In a gist, my plan is to revamp my budget, save, and invest more this year.
12 Investing Books for Beginners
I’ve made a goal to read one book per month on the subject of investing. I’ve already started and read The Neatest Little Guide to Stock Market Investing, which I highly recommend to any beginner investors.
Here are the books I want to read in 2014 on investing not only in the stock market, but real estate investing as well. Never hurts to learn more, right?
My criteria for choosing these books was mainly through reviews I had read on other blogs plus Amazon reviews. I went for a few books that were considered classics and had hundreds of positive reviews. I also chose some newer books that had a four star rating or higher on Amazon.
Saving Money to Invest
Since I started working from home my budget has lowered. This is mainly because I don’t leave the house much! But I still spent that extra money during Christmas time.
Since the holidays are over I’ve decided to buckle down and create a new budget.
Inspired by Laurie at The Frugal Farmer, who has dedicated another year to depression era type living, I also wanted to see if I could stretch my frugal muscles and find more money in my budget to save and invest.
I’ve also decided that I’m going to save percentages toward my investing goals. I haven’t squared away the actual numbers yet but off the top of my head I’m thinking 50 percent of extra income toward real estate investing, 30 percent toward stock market investing, and 20 percent into online properties. This may very well change but those are my thoughts right now.
I wanna know what was the first step you took in getting started investing? If you haven’t started investing what steps are you taking to get there? Also, if anyone has any awesome investing books that aren’t on my list please let me know.
Lucy Chen says
“The Intelligent Investor” is the best, but the great gem really works if you apply its teachings. 🙂
Laurie @thefrugalfarmer says
Thanks for the mention, Alexa!! Investing still scares us so much (we don’t want to lose any money!), but I know we’ve got to get there eventually. I love the way you’ve allocated your income in the three different areas. This is something similar to what we hope to do. Can’t wait to hear your reviews on the books!
Nice list, Alexa.. I’ve read about half of them, and they would certainly help build a nice base of knowledge for someone wanting to get started with investing!
Investing is one of my goals for this year. Like Laurie, we are kind of scare about but will research more. Thank for the post I will check these books out as well.
Shana Norris says
Great list, Alexa. I’ve read several of John Maxwell’s books (but not the one on your list – it sounds good!) and they’re always so very inspiring.
Done by Forty says
I’m a fan of the Bogleheads Guide to Investing and the Intelligent Asset Allocator (though the latter was a really hard read and a lot went over my head). Still, I see you have one by Bogle on the list there so you’re probably covered in that regard. Best of luck and please share the insights you learn here! I love learning without actually having to read a whole book!
John S @ Frugal Rules says
Great list Alexa! I think I’ve about half of them and thoroughly enjoyed them all. I really like The Intelligent Investor as Graham does a great job at boiling down some difficult topics and making them easy to understand – which can be difficult to do. That said, reading these should give anyone a great base to hit the ground running with.
DC @ Young Adult Money says
Woohoo looks like we have similar goals with learning more about investing and actually investing in 2014. I read investing books in middle school and high school, but kind of stopped once I got to college . I read more economics from that point on, though my favorite author is Peter Schiff who owns a brokerage firm. He has different opinions than the mainstream investing community so I’d highly recommend you read him for some balance. I’ve read all his books and enjoyed them all.
[email protected] says
Random Walk Down Wall Street is one of the most influential investing books.
[email protected] says
I recommend The Boglehead’s Guide to Investing. The first steps in investing I took were to open an IRA (Individual Retirement Account), contribute to my 401K, and opening a stock trading account. I highly recommend index funds if you feel like you don’t know where to start.
This is a great list of books to read! Such a great idea to plan it out at the beginning of the year. Amazingly, I haven’t read most of those, I guess I need to start reading too.
Unfortunately I’m unable to see any images or any of the books on this list, can someone please share the list with me?
Rawlings sunday says
Investing still remain the way to wealth if you get your plan and strategy well and you work toward it to become financially free.