The Best Investing Books for Beginners (2023)

Investing can be a daunting task, especially for beginners. With so many options and strategies to choose from, it's important to have a solid foundation of knowledge before diving into the world of investing. That's why we've compiled a list of the best investing books for beginners to help you get started on your investment journey. These books cover a wide range of topics, from basic investing principles to more advanced strategies, and are written in a way that is easy to understand for those who are new to investing.

1. "The Psychology of Money" by Morgan Housel

Ranked at the top of our list, "The Psychology of Money" by Morgan Housel is a must-read for beginner investors. This book explores the psychological aspects of money and investing, providing valuable insights into how our emotions and behaviors can impact our financial decisions. Housel's writing style is engaging and relatable, making complex concepts easy to grasp. By understanding the psychology behind money, readers can develop a more disciplined and rational approach to investing.

2. "The Little Book of Common Sense Investing" by John C. Bogle

Written by the late John C. Bogle, the founder of Vanguard, "The Little Book of Common Sense Investing" is a classic in the investing world. Bogle advocates for a simple and low-cost approach to investing, emphasizing the benefits of index funds and diversification. This book is perfect for beginners who want to understand the fundamentals of investing and learn how to build a successful long-term investment strategy.

3. "Smarter Investing" by Tim Hale

For UK-based investors, "Smarter Investing" by Tim Hale is an excellent choice. This book provides a comprehensive guide to investing for beginners, with a focus on passive investing and asset allocation. Hale explains complex concepts in a clear and accessible manner, making it easy for readers to understand and apply the principles to their own investment portfolios. Whether you're a complete novice or have some investment experience, "Smarter Investing" is a valuable resource for UK investors.

4. "Simple Wealth, Inevitable Wealth" by Nick Murray

"Simple Wealth, Inevitable Wealth" by Nick Murray is a timeless book that focuses on the long-term perspective of investing. Murray emphasizes the importance of investor behavior and maintaining a disciplined approach, especially during market downturns. While the book is popular among investment advisors, its lessons are equally relevant for DIY investors looking to build long-lasting wealth. If you're looking for a book that will help you develop the right mindset for successful investing, "Simple Wealth, Inevitable Wealth" is a great choice.

5. "If You Can: How Millennials Can Get Rich Slowly" by William Bernstein

Rounding out our list is "If You Can" by William Bernstein. While not a traditional book, this free e-book provides a concise and practical introduction to investing for millennials. Bernstein emphasizes the importance of saving and adopting a long-term perspective, rather than focusing solely on maximizing returns. The book is easy to read and offers valuable insights for young investors who are just starting their investment journey.

These five books provide a solid foundation of knowledge for beginner investors. Whether you're looking for a book that explores the psychology of money, advocates for a low-cost index fund approach, or provides practical guidance for UK investors, there's something for everyone on this list. Remember, investing is a lifelong journey, and these books will help you navigate the complexities of the financial markets with confidence.


Investing can seem overwhelming, but with the right resources, you can gain the knowledge and confidence to make informed investment decisions. The books mentioned in this article are excellent guides for beginners and cover a wide range of topics, from the psychology of money to practical investment strategies. By reading these books, you'll be well-equipped to start your investment journey and avoid common pitfalls. Remember, investing is a long-term endeavor, so take the time to educate yourself and make informed decisions. Happy investing!


Top Articles
Latest Posts
Article information

Author: Kerri Lueilwitz

Last Updated: 13/12/2023

Views: 5939

Rating: 4.7 / 5 (67 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Kerri Lueilwitz

Birthday: 1992-10-31

Address: Suite 878 3699 Chantelle Roads, Colebury, NC 68599

Phone: +6111989609516

Job: Chief Farming Manager

Hobby: Mycology, Stone skipping, Dowsing, Whittling, Taxidermy, Sand art, Roller skating

Introduction: My name is Kerri Lueilwitz, I am a courageous, gentle, quaint, thankful, outstanding, brave, vast person who loves writing and wants to share my knowledge and understanding with you.