It’s a great idea to begin investing as soon as you start earning a paycheck—whether you’re looking to start a retirement savings plan or earn a little extra income passively.
When you’re just starting out, it’s important to understand the basics of investing and the different options available to you, so you can choose the smartest path for your financial future. As your income grows, your investment portfolio can also expand.
It doesn’t matter if you’re fresh out of college or a teenager who’s realized how significant investing can be—these picks of the best books for young investors will help you succeed.
Most experts, including the Investopedia Financial Review Board, agree that John C. Bogle’s best-selling financial guide is akin to an investing bible. No matter your age, this book is a must-read before you start investing. First published in 2007, this 2017 edition includes two new chapters on asset allocation and retirement investing options.
“The Little Book of Common Sense Investing” provides a framework for building a low-risk portfolio and teaches you how to make the smartest investment decisions. Bogle also explains the importance of index funds and advises readers to ignore investing fads and focus instead on constructing a broad and diversified portfolio.
Young investors who do not have experience with the stock market will learn the ins and outs of the market with this guide. Matthew R. Kratter breaks down the types of stocks and how they work, while explaining how to analyze stocks to find ones that should perform well in the short-term and long-term.
One key area this book addresses is the mistakes beginning investors often make and how to avoid them. “A Beginner’s Guide to the Stock Market” also dives into investing strategies and the methodologies that are ideal for new, aspiring investors, making this a great first read among investing books.