Top 5 Investment Books That Every Young Person Should Read
Words: Violet
When you are young, it is easy to forget that it is never too early to start investing and financial planning. In order to obtain power of compound interest, you must hold long term investments and get a healthy return on those investments. It may seem like a long time in the future, but by making smart investments now, it could make the world of difference later in life. Here we list 5 books recommended as the best for young people in regards to finance and investing.
“RICH DAD, POOR DAD” by ROBERT KIYOSAKI, Focusing on the importance of financial literacy, financial independence and tax planning, he highlights the potential pitfalls in accounting and certain assets. This is an absolute must read for all young people.
“WHEN GENIUS FAILED: THE RISE AND FALL OF LONG TERM CAPITAL MANAGEMENT” BY ROGER LOWENSTEIN , Telling the story of Long Term Capital Management, an American hedge fund with the two Noble Prize winning economists among its partners, it one of the best books ever written when it comes to investing and investors. It follows the sharp rise and even more dramatic fall of the company making everyone who reads it sit up and take notice of their own investments.
“A RANDOM WALK DOWN WALL STREET” BY BURTON MALKIEL, Published in 1973, if you want the basics in investment, this is the book for you. It explains everything a beginner needs to know about bonds, stocks and mutual funds.
“THE INTELLIGENT INVESTOR” BY BENJAMIN GRAHAM, Written by Warren Buffett’s mentor, Benjamin Graham, The Intelligent Investor is relevant to all markets. Warren Buffett even described it as “by far the best book on investing ever written.”
“GLOBAL INVESTING” BY ROGER IBBOTSON AND GARY BRINSON, When it comes to investing and investable assets, you can never have enough knowledge of the past. Stocks, prices and inflation rates- you name it, they have covered it. Looking to invest in foreign assets or just want to know more about what that would entail? It’s all there in Global Investing.
By Victoria Gardiner Twitter @vicky_gardiner
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