﻿The word “investing” conjures up a lot of intimidating images.
Charts and graphs that only people with PhD in quantum physics engineering can read.
Serious looking business people doing intense mathematical analysis behind
their computer screens. Stock brokers yelling out buy and sell orders on the trading floor.
Hi, if you are new to the channel, my name is Tae from Financial Tortoise - a channel dedicated to
helping the Sandwich Generation Master Money and achieve Financial Security. And before I go on,
if you have yet to download your free copy of “Sandwich Generation’s Guide to Financial
Security - 10 Steps to Securing Your Family’s Financial Future!” please go to my website at
financialtortoise.com and do so. I send out weekly newsletters with other great tips on
mastering your money and I wouldn’t want you to miss them. If the images of complicated formulas
and intense looking people yelling things you can’t understand intimidate you, don’t be. And
especially, don’t let those images scare you away from investing. I firmly believe that investing
doesn’t and shouldn’t be complicated. And if someone tries to make it out to be, they should be
ashamed of themselves. Just by educating yourself with the fundamentals of investing, I believe that
you can learn to manage your money well and even better than most of the so-called professionals
out there. And the best way to teach yourself about investing, in addition to watching awesome
youtube videos like this, is to read investing books. If you aren’t sure where to begin,
no worries. This video is made specifically for you. Here, I’ll go over what I believe to be the
5 best investing books for beginners so that you can grow your investing knowledge, start investing
and grow your net worth. Number one on our list is "The Little Book of Common Sense Investing” by
John C. Bogle. Mr. Jack Bogle is the founder of a little investment firm called Vanguard.
The pioneer of low cost index funds. Sadly he passed away in 2019, but he left behind an
impressive legacy. In a way, Mr. Jack Bogle single handedly revolutionized the mutual fund industry.
He pioneered the index fund, which allowed individual investors like you and I to gain
diversified exposure to the stock market at a very low cost. And the best part is that we are able to
do this directly without needing to be hassled and sold unnecessary products by the wall street
so called “professionals.” His book goes more in depth regarding index funds and explains why low
fees are crucial when it comes to maximizing our returns. He also provides recommendations on how
to build the ideal index fund portfolio in today’s market. So, if you want to learn more about the
ins and outs of index funds and why it stands as the clear winner against complex, fee laden mutual
funds, you definitely want to check this book out. Number two best investing book for beginners is
the "The Bogleheads' Guide to Investing." If "The Little Book of Common Sense Investing” is a great
appetizer to your investing knowledge course meal, the "The Bogleheads' Guide to Investing"
will definitely fill the rest of your appetite. The Bogleheads are investing enthusiasts who honor
Bogle and his advice. They are a pretty powerful force to reckon with in the world wide web.
They have a forum called Bogleheads that’s been quite active for some time and they live by the
principle of diversification, index funds and long term investing. It’s the index investor’s ultimate
*nerd* club. Members in the forum actively discuss financial news, market conditions and investing
strategies. I mean who doesn’t want to spend their saturday nights talking about market conditions,
right? "The Bogleheads' Guide to Investing" is written by three Bogleheads enthusiasts
and contains all aspects of investing as well as providing practical advice when it comes
to your personal finances. For example, What your financial lifestyle is. How to balance
your emotions when it comes to mastering your investments. And even how to invest for your kids'
college. The book will walk you through everything you need to know to put the Boglehead index fund
strategy into action. If you want to learn from some of the biggest index fund nerds out there,
definitely check this book out. Number 3 on our list is my personal favorite,
the “The Simple Path to Wealth” by JL Collins. Jim initially started this book out as a collection
of letters to his daughter and grew it into a comprehensive financial guide. He firmly believed
that money was and is the single most powerful tool we have for navigating this complex world.
Thus the need to understand it and master it, a crucial skill. He spent most of his adult
life in this endeavor and wanted to share what he learned with his daughter. However, his daughter
had shocking news for him when he tried to talk to her about money. “Dad, I know money is important.
I just don’t want to spend my life thinking about it.” This led him to simplify the money lessons
as much as possible and this book is the amazing product out of that process. If you have time for
only one investing book, I’d actually recommend you read this one. I’m not deprioritizing all
other books on this list, but given this book was written specifically for the average individual
who might have no desire to learn more about investing than what he or she minimally needs to
know. I feel it will have the greatest initial impact. The book delves into topics like debt,
how the stock market works and how to invest in both the good and bad times. My favorite
chapter is the one on F-you money. If you want to know what f-you money, don’t wait and check
out this book as soon as possible. The fourth best investing book for beginners is “A Random
Walk Down Wall Street” by Burton G. Malkiel. It was first published in 1973 and updated editions
have been released every few years. Burton Malkiel is a Princeton economist best known
for the efficient-market hypothesis. Efficiency means that a company’s share price reflects
its current worth, and its price will change when new information alters a business’ worth.
If the “Simple Path to Wealth” is a dish with portions of only your favorite meals, the “Random
Walk Down Wall Street” is the whole buffet. It goes into depth of all major investment vehicles,
from stocks and bonds to real estate investments and tangible assets. There is even a chapter on
behavioral finance and how our emotions affect our financial and investment behaviors. It’s your one
stop book for knowing pretty much everything you want to know about the stock market, wall street
and the business of investing. He, like Jack Bogle and JL Collins advocate for investing in the
market vs. individual stocks but I believe this book gives a quite bit more broader context to
support his reasoning. If you want to get a better historical context of the stock market as well as
how the financial industry has arrived to where it is today, this is definitely a book you want
to have on your bookshelf. Number 5 on our list is not specifically an investing specific book,
but still a great book nonetheless. “I Will Teach You to Be Rich,” by Ramit Sethi. The book
is focused on teaching young professionals the fundamentals of personal finance. Such as banking,
saving, budgeting and investing. Sethi shares his strategies for eliminating student loans and debt;
creating a spending plan and preparing for major purchases like weddings or a house. As regards to
investing, he has a whole chapter dedicated to what he calls the “pillar” of investing.
Where based on how “hands on” you want to be with your investing you can essentially “choose
your own adventure.” He reviews the basics of target date funds, index funds, mutual funds and
even single stocks. It’s a great book for just getting your general personal finance in order
and if you want to learn more about my key takeaways from this book, check out my video here
where I do an in depth review. And if you found value from this video, please do me a favor and
hit the like button below. It really helps with the YouTube algorithm and allows videos like this
to be shared with more people. Thank you guys for watching and I’ll see you in the next one.