Do you want to achieve financial freedom soon and not wait till 60 which still doesn’t guarantee that?
Do you have dreams which you haven’t been able to fulfill because you have a 9 to 5 job?
Do you want to be a successful investor?
You must know here that most successful (‘rich’) people have commonality in their habits, personality and thought process which has made them who they are and what they have been able to achieve today.
In their own words, one habit which has helped them become so successful, is reading. Be it Bill Gates (1 book per week), Warren Buffett (5 hours a day, CEO of Berkshire Hathaway) or Elon Musk (10 hours a day before founding Tesla Inc.), whomsoever you admire, share a unique pattern with other greats of their times, a very strong one, reading!
Yes, all successful people read, and they read a lot. They read much more than most of the people on the planet. Any guesses why they are the most successful people on the same planet?
I think after this, we might have few hours a day to read the exact same stuff the richest people have read as well.
Also, if you plan to invest in mutual funds and get rich over time, this guide can really help you do that.
Top 5 Investing Books To Read
These are the top 5 investing books that all investors should read. These books have helped many people amass lot of wealth by creating long term plans and sticking to them. Keep them handy, refer them not for the funds or the stocks to buy, but how to approach while going to scout them. How to optimise each and every penny of yours. How to treat every rupee/dollar you have as your worker and make the best out of them. Yes, wealth can be and will be created with the help of these books.
Rich Dad, Poor Dad (2000, By Robert T. Kiyosaki)
I recommend this to be the first book you read before reading any other financial guidance/ investing book. Why? It helps develop financial IQ. It helps poor and middle class to have a peek into how we are different from the rich. What do we think, what do the rich think. You might have felt many times that if you had someone who could guide you to understand how to make money, you could have achieved a lot more. Well this book is just about that.
Two schools of thought compared. Ripped apart into multiple examples so that you can realise every time you are going to commit a financial mistake which till date you thought was way of life. It gets you into a mindset where you surely will end up being more rich than you could have been without reading this book. And guess what, you actually start saving money the day you start investing your time in this book. Yes, it gives its returns within next 2 days you read this book. 🙂
Beating the Street (1994, By Peter Lynch)
Heard of Peter Lynch? No? Well he managed one of the biggest portfolio (around $18 billion) in stock markets and was one of the most successful hedge fund manager in the last century. During those days, his funds boasted a return of about 29% year on year! Now you know who Peter Lynch is right. Well he chalked down how an investor should pursue making an investment.
He has compared returns from various types of bonds, mutual funds and stocks present in the market and how to pick the most relevant ones.
He has literally chalked down his own strategies for investing and building a portfolio which is indeed a winner portfolio. It shows how small individual investors can match up the performance of the biggest names in the market and create huge wealth for themselves in the long run.
This book i think has to be the second read of yours. You can buy your hard copies/ebooks for your Kindle here.
The Essays of Warren Buffett (Fourth Edition, 2015, By Warren Buffett)
Lessons for Corporate America (Fourth Edition, 2015, By Warren Buffett): There is never a bad time to listen from the most successful investor of modern times. The man who has made billions just by handpicking stocks, or people, who can do the exact same thing like him, for him. Though the name states Corporate America, it is actually a great read for investors. This collection of essays which span more than 50 years of his career, are going to give a real life experience of having a one to one conversation with the great investor himself. It is number 3 on my list of investing related books to be read if you are willing to spend time to create huge wealth for yourself overtime.
The Intelligent Investor (Fourth Edition, 2003, Benjamin Graham)
A book whose first edition came out in 1949, this book is a lot about value investing. It has evolved so much to incorporate changing investment environment and give such an amazing holistic approach towards value stock buying. Graham advises investors to control daily urges to buy/sell in the market and focus on long term investment, buy in groups and get a much better return overall. His returns have been more than double the market in those times as well. Opportunities have rather increased now, why not take these advices right now and spend the next rupee more smartly.
You can buy your hard copies/ebooks for your Kindle here.
A Random Walk Down the Wall Street (1973, By Burton G. Malkiel)
Once you are through with the above books, you are ready to shift to this investing guidance book. Here, the author takes a critical view of fundamental and technical analysis, and by virtue of detailed analysis, tries to put up a point where he believes that passive techniques can produce better results than using these strategies all the time. A must read for long term investors, this book is definitely going to change the way you have been investing and pulling money out of the markets.
You can buy your hard copies/ebooks for your Kindle here.
Who Should Read These Investing Books
If you are a new investor, it is even better for you to go through a few best-sellers which are relevant in today’s time as well. Why read first and not quickly invest? Because it is your money.
According to an old saying, the more you sweat before the battle, the less blood you shed in the battle. If you can read what the most successful people have realised overtime, you are already thinking the same way. You have saved time, money and lots and lots of efforts.
If you are an active investor already investing in the market, you need them, you cannot escape now. You have jumped into the ship. You gotta learn how to sail, so gear up and enhance your knowledge bit by bit and eventually see the bigger picture which 97% of people in the stock market fail to see.
Long story short, read these books as soon as you can. They are actually going to turn you into a much better judge of your business. Yes, if you are going to put your money in the market to get returns, then investing in stock market is your business, the sooner you learn this, the better it is for you. And just like any other business, nobody will make money for you except yourself.
Stop blindly following the ‘experts’ on your favourite news channel who have no reason to make money for you. Stop taking the bait. Invest wisely, each rupee is your worker. Utilize them to the best of their potential. When you ‘are’ investing, why not invest like a pro.
Happy reading, comments are always welcome, will keep on adding in the list once i find a worthy book to be added here 🙂