Investing The 12 Best Investing Books By Rachel Morgan Cautero Updated on May 6, 2024 Reviewed by Chip Stapleton Photo: The Good Brigade / Getty Images More than 60% of Americans invest in stock, a 2023 Gallup poll found. Historically, stock ownership has been strongly correlated with education, age, and household income, with nearly 85% of adults in households earning $100,000 or more invested in stocks, according to Gallup. On the other hand, less than one-third of households earning less than $40,000 were invested in the stock market. No matter if you haven't invested in the market or already have an investment portfolio and simply want to see it grow, these picks of the best investing books offer everything from everyday investing advice to tips on how best to prepare for retirement. They also span investing in real estate and different types of funds to general tips for personal finance. Key Takeaways Our pick as the best overall investing book is Benjamin Graham's "The Intelligent Investor," edging out our runner-up, "The Little Book of Common Sense Investing" by John C. Bogle.Beginners or those looking for basic advice should check out "A Beginner's Guide to the Stock Market" by Matthew Kratter or "The Only Investment Guide You’ll Ever Need" by Andrew Tobias.Those interested in real estate investing should find what they're looking for in Brandon Turner’s “The Book on Rental Property Investing."Our top pick for millennials is “The Money Manual” by Tonya Rapley. Best Overall: The Intelligent Investor Amazon Buy on Amazon Buy on Barnesandnoble.com Though first published in 1949, the teachings of Benjamin Graham’s "The Intelligent Investor" are still influential today. The book centers around his well-known value investing strategy, or the practice of buying stocks for prices less than their value (in other words, stocks that are currently undervalued by the market). "The Intelligent Investor" tackles the emotional aspect of investing and shows readers how to make money in the stock market without taking massive risks. This updated version includes commentary and footnotes by financial journalist Jason Zweig, which adds a touch of modernity. Runner-Up, Best Overall: The Little Book of Common Sense Investing Courtesy of Amazon Buy on Amazon Buy on Barnesandnoble.com You don’t know investing if you don’t know index funds. “The Little Book of Common Sense Investing" by John C. Bogle, founder of the Vanguard Group, focuses on just that. It explains Bogle’s low-cost index fund investment strategy in clear detail, including tips on how to make index fund investing work for you and your portfolio. This 10th-anniversary edition is updated with new information as it relates to the modern market. Still, it remains a must-read for all investing enthusiasts. Bogle is also the author of “Common Sense on Mutual Funds” and “Enough.” Best on Real Estate Investing: The Book on Rental Property Investing Courtesy of Amazon Buy on Barnesandnoble.com Investing isn’t just for the stock market; investing in real estate is also an excellent way to build wealth. That’s why Brandon Turner’s “The Book on Rental Property Investing” is an essential investing book. It’s full of advice on how to build your own rental property income streams, from common mistakes of real estate investors (and how to avoid them) to tips for finding deals on rental properties to how to finance rentals. Turner, a real estate investor, also co-hosts the "BiggerPockets Podcast." Related: The Best Real Estate Investing Books Best for Beginners: A Beginner's Guide to the Stock Market Courtesy of Amazon Buy on Amazon Buy on Bookshop.org Buy on Barnesandnoble.com "A Beginner's Guide to the Stock Market" explains everything readers want to know about the stock market—most importantly, how to make money from it. Written by bestselling author and former hedge fund manager Matthew Kratter, it covers topics ranging from common investor mistakes and how to avoid them to where to open a brokerage account, how to buy your first stock, and even how to make passive income in the stock market. Best for Basics: The Only Investment Guide You’ll Ever Need Amazon Buy on Amazon Buy on Barnesandnoble.com Andrew Tobias’ “The Only Investment Guide You’ll Ever Need” was written in the 1970s (while he was working as a writer for New York Magazine, no less), but its advice still rings true today. The book has tips on how to build wealth (no matter your means), how to best prepare for retirement, and even everyday strategies that will save you big over the long term—all told in the author’s trademark witty, straightforward writing style. (This updated version also applies these lessons to today’s market.) Tobias is the author of New York Times bestsellers "Fire and Ice" and "The Invisible Bankers" and is a regulator contributor to Time, Esquire, and Parade. Best Memoir: Rich Dad Poor Dad Courtesy of Amazon Buy on Amazon Buy on Walmart Robert Kiyosaki’s “Rich Dad Poor Dad” is one of the most popular personal finance books of all time and with good reason. It tells the story of the author growing up with his father and his friend’s father and what he learned from both dads, from how to think about assets and liabilities to how you don’t need a large income to make money and even what your kids aren’t learning in school (but should be). Though the book was first published in 1997, this 20th-anniversary edition includes an updated take from Kiyosaki. Related: The Best Personal Finance Books Best for Millennials: The Money Manual Amazon Buy on Amazon Tonya Rapley’s “The Money Manual” is an ideal place to start for millennials who want to invest but aren’t sure where to start—or for those who aren’t sure what to do with their money, period. Among the topics covered are simple money management techniques, setting financial goals, improving and building credit, and even how to tackle student loan debt. Rapley is the founder of My Fab Finance and has appeared on Forbes, U.S. News, New York Daily News, Refinery29, Vogue, and more. Best Classic: Think and Grow Rich Courtesy of Amazon Buy on Amazon Buy on Walmart Buy on Barnesandnoble.com Napoleon Hill’s bestselling “Think and Grow Rich” is part motivational guide, part financial guide. Hill compiles stories from the business greats—think Andrew Carnegie, Henry Ford, and Thomas Edison—to support his trademark “Law of Success” philosophy or the principles that'll help one achieve success. First published in 1937, it’s since sold more than 15 million copies. This updated version includes commentary from Arthur R. Pell, Ph.D., an author, lecturer, and consultant. Best for Women: The Women’s Guide to Successful Investing Amazon Buy on Amazon Did you know that, according to a survey by S&P Global, only 26% of American women have invested in the stock market? It’s time to change that. Nancy Tengler’s “The Women’s Guide to Successful Investing” covers everything from wealth accumulation strategies to market analysis to advice meant just for female investors. With more than two decades of professional investing experience, Tengler is a columnist, author, and professor. She’s also been a guest on CNBC, PBS, CNN, and more. Best Skill-Building: One Up on Wall Street Courtesy of Amazon Buy on Amazon Buy on Walmart Want to “one-up” the market? Then who better to learn from than one of the most legendary investors of all time? Peter Lynch’s “One Up On Wall Street” zeroes in on how average investors can outperform the pros by simply finding everyday investment opportunities before they do. This is called finding a “tenbagger" or investing in a stock that appreciates ten-fold after you buy it. Lynch, the vice chairman of Fidelity Management & Research Company and former portfolio manager of Fidelity Magellan Fund, is also the co-author of the bestselling “Beating the Street” and “Learn to Earn.” Best How-To: The Simple Path to Wealth Courtesy of Barnes & Noble Buy on Amazon Buy on Barnesandnoble.com JL Collins’ “The Simple Path to Wealth” started out as letters to the author’s daughter but soon grew into a massive guide on all things money. Among the expansive topics covered are debt, the stock market and how it works, investing in both a bull and bear market, asset allocation, and more. The book even goes into different retirement funds, from a 401(k) to a Roth IRA, the 4% rule, and the all-important f-you money fund. Best for Debt Holders: Live Richer Challenge Amazon Buy on Amazon Tiffany Aliche’s “Live Richer Challenge” books have gained mass popularity in recent years and with good reason. This pick helps those with debt get their finances in order so they can start investing and building wealth, tackling everything from a money mindset to budgeting and saving to investing. A personal finance educator, Aliche is also the author of “The One Week Budget." She’s been featured in "Good Morning America," the "Today" show, The New York Times, The Wall Street Journal, and more. Final Verdict “The Intelligent Investor” by Benjamin Graham (view at Amazon) is the best overall investing book due to its detailed take on value investing, the practice of purchasing stocks for less than their intrinsic value. In short, this read shows investors how to make money in the market without taking huge risks. And who can argue with that? Frequently Asked Questions What Are the Benefits of Investing in Stocks? With a long-term approach and a diversified portfolio, investing in stocks can help your savings outgrow the rate of inflation. One of the keys to being successful with this approach is having the patience to ride out dips in the market. What Risks Are Associated With Investing? Investments always come with risks. While a smart, long-term approach often can be successful, it's still possible that a few bad decisions could derail your portfolio. Ways to limit this risk include doing extensive research, relying on professional, unbiased advice, and not overemphasizing any individual companies or sectors. What Kinds of Goals Should Investors Have? Whatever your investment goals are, they should be specific and realistic. You might be saving for retirement, a child's college fund, or more. Whatever the goal, know how much money you can afford to invest and and a realistic rate of return. Meet the Expert Rachel Morgan Cautero has a master's degree in journalism from New York University and more than a decade of journalism experience, mostly in the personal finance sector. Most recently, she was the managing editor of DailyWorth, a finance-based media destination for women. She’s been published in SmartAsset, Investopedia, The Atlantic, Life & Money, Parents, WealthRocket, and Yahoo Finance. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. Gallup. "What Percentage of Americans Own Stock?" S&P Global. "The Financial Future is Female."