This summer take a break from your inbox and Twitter feed and consider picking up a book. We polled the Fundrise team to compile their favorite investment books.
Here are their top picks:
Now in its eleventh edition, this classic investment guide provides essential and time-tested investment strategies for the average investor. Malkiel contents that a low-cost, highly diversified buy-and-hold strategy is likely to outperform a carefully-managed active portfolio in the hands of a high-fee professional.
Long-term strategies for investors at any stage of life, coupled with discussions on emerging markets and exchange-traded funds provide solid guidance in an accessible format. This is a must-read for any investor looking to maximize potential returns over their lifetime.
Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! – Robert Kiyosaki
This personal finance title has been a bestseller since it was first self-published in 1999, selling over a million copies. It profiles the two men who shaped Kiyosaki’s ideas about money and finance and describes how to make your money work for you. The author discusses the importance of financial literacy and promotes income-generating assets as the most direct route to a healthy bottom line, arguing against the “old” approach of working hard and saving for the long term. It worked for him.
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel – Benjamin Graham
Originally published in 1949, this is a finance classic, albeit one revised in 2006. It’s essential reading for any serious student of value investing. Warren Buffett calls it “the best book on investing ever written.”
Graham is considered by many to be the greatest investment advisor of the 20th century, and his sage advice is combined here with updated annotations by financial journalist Jason Zweig. It’s not to be missed.
Think and Grow Rich: The Landmark Bestseller - Now Revised and Updated for the 21st Century – Napoleon Hill
This updated edition of Hill’s groundbreaking 1937 book expounds on Hill’s Laws of Success. Its readable format incorporates anecdotes of the wildly successful from the early 20th century (Henry Ford, Andrew Carnegie) and present day (Mary Kay Ash, Bill Gates). One part wisdom and two parts motivation, this book will change the way you look at money and success.
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets – Nassim Nicholas Taleb
Round out your reading with a selection from the author that Malcolm Gladwell calls “Wall Street’s dissident.” This is an entertaining exploration of the role that luck and chance play in the world. It’s all about the nature of success and failure, written by a professional trader and mathematics professor.
Valuable, fascinating, and fresh, these books are guaranteed to enlighten and inspire you. So grab a cold drink, pick a spot in the shade, and “invest” in yourself.
The Fundrise Team
Image Source: faungg’s photos, Flickr