5 books to read if you want to start investing in 2019

With January coming to an end, you might feel the new year motivation drifting away. Despite this, it’s important to keep up with your goals throughout the year. If one of your resolutions has been to increase your income, save more or just to be more aware of your finances, investing might be something you’re interested in.

These 5 books are the perfect place to start if you’re hoping to start investing in the stock market or property market this year.

The Essays of Warren Buffett by Lawrence A. Cunningham

The Essays of Warren Buffett: Lessons for Corporate America is one of the most popular investment guides available, endorsed by Warren Buffett himself. Lawrence A. Cunningham has compiled Warren Buffett’s Berkshire Hathaway shareholder letters. Though first published in 1997, there have been many new editions published since then.

Cunningham’s compilation explores investing, money management and financial independence. Buffett’s essays discuss alternatives to common stock, accounting and valuation, mergers and acquisition, corporate governance, accounting policy, and tax matters.

The Barefoot Investor by Scott Pape

If you’re in Australia, you’re bound to have heard about Scott Pape’s The Barefoot Investor. After growing up on a farm, he wanted to maintain a sense of freedom and found that the stock market was the place to go. Pape explores general financial freedom lessons such as using different bank accounts and paying off your debt.

The Barefoot Investor also delves into how to automate your retirement by investing in index funds. An index fund traces the most common stocks in a industry or region, providing long-term, automated financial growth.

Irrational Exuberance by Robert Shiller

In Irrational Exuberance, Robert Shiller discusses the importance of having the right mindset when investing. In the first edition, published in 2000, Shiller was able to predict the tech stock bubble burst. Subsequently in 2005, the second edition mentioned how housing prices were wildly above historical norms, yet again predicting a bubble that was about to burst.

It’s clear that Shiller is able to offer insightful market predictions that would be valuable to any investor. Irrational Exuberance explains how price/earnings ratios impact returns, how efficiency can be seen in the historical records and what drives stock prices.

Rich Dad, Poor Dad by Robert Kiyosaki

Robert Kiyosaki has faced some criticism based on how accurate the accounts in Rich Dad, Poor Dad really are. However, the book shares valuable lessons that are helpful for prospective investors regardless of whether Kiyosaki’s story is completely truthful.

Rich Dad, Poor Dad is focused on how you should look at your money and assets, as well as the importance of financial education. Kiyosaki, having made most of his money through property investment, explains how to manage risk when saving and investing.

The Armchair Guide to Property Investing by Ben Kingsley and Bryce Holdaway

The Armchair Guide to Property Investing: How to Retire on $2000 a Week is another Australian book that’s perfect for those looking to get into investing. However, unlike Pape, Kingsley and Holdaway share their wisdom on property investment rather than stock investment.

The book offers practical tips as well as discussions about the investor mindset. Kingsley and Holdaway also share case studies to explain how different property investment strategies can be put into practice.

It’s important to remember that investing is a long-term option. If your goals are more oriented for the short-term, investing might not be the best choice for your lifestyle. However, it is a great idea for most people, even if you’re only investing a small amount into stocks each year. Compound interest does wonders for your money!

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