Best books and magazines on the stock market for beginners

What do you think of the stock market?

Do you find the constant uncertainty and adrenalin rushing?

Or are you just really apprehensive of the enormity of the entire thing? I mean, even though its mostly virtual, its outreach and span is, frankly, mind-boggling.

So how do you deal with, process or assimilate this ever-so-unconquerable mountain?

There is, of course, no shortage of information when it comes to the stock market.

Oh no. The problem lies in weeding out the irrelevant or redundant or simply put, bogus tidbits from the actual genuine sources.

I wish I could make your life simpler and tell you about this one absolute, irrefutable, completely trustworthy source on which you could depend. It does sound rather utopian, doesn’t it?

The truth, however, is a little harsher.

As a prospective investor, you will have to consider numerous books, magazines, websites and TV channels for your information.

Don’t worry, I will help you out with that.

What I’ve tried to do here, is compile a list of those books, magazines, TV channels, etc. which have never let me and a majority of the investors in our country, down.

I cannot promise that if you go through all the sources in the list, you’ll be infallible. I can however promise to give you a fighting chance and maybe even an edge over other investors.

So, here goes.

Books:

1. The Intelligent Investor by Benjamin Graham:

The intelligent investor book cover photo

Warren Buffet said this is the best book on investing he has ever read. That’s got to count for something, right?

Just like serious physicists read Sir Isaac Newton to learn about his teachings, serious investors read Benjamin Graham.

Graham created and taught many of the principles of investing safely and successfully that modern investors continue to use today.

Graham does not write this book for speculators, but for amateurs who want to understand the market better. It is written with common sense and simplicity and is the foundation for value investing and being successful in the market.

Graham does not believe in taking unnecessary risks or making impulsive decisions. It is important for investors to give themselves a margin of safety and to maintain a diversified portfolio.

So, if you were under the impression that stock trading is all about good instincts and a sixth sense, this book will prove you wrong.

Benjamin Graham’s last line in The Intelligent Investor sums up the entire book. He says, “To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.”

2. One Up On Wall Street by Peter Lynch

one up on wall street cover photo amazon

This book is an investment classic that will give the individual investor hope. Peter lynch explains how Wall Street may not be able to find the best investing opportunities from the start and shows step-by-step how the individual investor can find the next ten-bagger.

One Up On Wall Street emphasizes through numerous examples, the importance of understanding the companies you invest in, picking winners and collecting the important facts.

This is a short and concise book and gives amateurs some basic fundamentals and concepts. There is no specific advice other than to spend as much time researching a stock as you would before buying a new car.

Lynch approaches the concepts in a funny and lucid manner and makes sure it is clear even to people who are not from an economics or finance background. It is a very good beginner book for any stock market investor.

So if you haven’t read it yet, do go through it.

You’ll like it.

3. Market Wizards by Jack Schwager

market wizards book cover amazon

This book is a collection of interviews of successful traders in the 1970s and 80s. Their experiences are fascinating, inspirational and traders can draw endless lessons from their stories. Jack Schwager’s original interviews became so well known that he has published four more books since.

This book has interviews with top investors and hedge fund managers like Bruce Kovner, Paul Tudor Jones and Jim Rogers.

So, this book is basically an account of the experts telling you how they became successful. Sounds brilliant, doesn’t it?

This book covers a wide range of trading techniques as well as a wide variety of markets. It also sheds light on the personal traits and characteristics of successful traders. It is very interesting to read about what makes these successful investors take decisions, to understand what makes them tick.

This book is perfect for amateurs and professionals. It has something for everybody.

So how can you pass up on it?

Magazines:

1. Outlook Money

Outlook Money is definitely one of the top personal finance magazines in India. A fortnightly issue, its articles span a wide variety of topics from basic and advanced personal finance topics. It covers areas like stocks, mutual funds, fixed income investing, real estate, banking and insurance.

This magazine is simple yet very informative and powerful. The current news on finance and the economy is crisp, simple and easy to follow. It also does an annual ranking of the best stocks and mutual funds.

It even carries reviews of books and blogs. There are detailed queries on insurance and banking.

The staff writer boasts of names like Mohit Satyanand, Monica Halan among others. Their round tables on topics on personal finance give an insight into what the leaders in the financial space are thinking.

With an extra dose on spending, consumer protection and a practical financial plan for an ordinary investor thrown it, Outlook Money is a must read for all investors.

So pick up your copy today!

2. Money Today

A monthly magazine, Money Today is one of the best financial magazines in India. One of the most attractive features of this magazine is the fact that they maintain a superior quality of content.

Like Outlook Money, Money Today too carries sections on current affairs, mutual funds, stocks, banking, real estate, fixed income investing and insurance. It also has a Q&A section, a section on careers, reviews of books and consumer durables.

Magazines like Money Today are an imperative read for any stock market investor, beginner or professional in India. If you don’t read these, you’ll lose out on key pieces of information on which many a successful trade depends.

If you don’t read these magazines yet, you should start as soon as possible.

3. Forbes

I’m sure you’ve all heard of Forbes.

It is one of the best business magazines in the world. Published by-weekly, it features original articles on finance, investment and marketing topics. The magazine is well known for its lists and rankings.

They also report on things like technology, science, law and showcase up-and-coming entrepreneurs and start ups which have the potential to change the future of our culture.

Forbes is the perfect example of a respected, traditional media source that has successfully adapted to the ever changing times. It is a trustworthy and reliable source of information.

Forbes India is the Indian edition of Forbes. It is published fortnightly and is one of the leading faces in the business sector of India.

So, if you’re looking for the latest tidbits on finance and business, look no further than Forbes.

Please keep in mind that this list only contains those books and magazines that I, myself, read and trust. There are, of course, innumerable others out there. Feel free to read anything you can get your hands on.

Having said that, these are some of the best books and magazines in finance. If you start here, you’ll get a good foundation and base to build up on.

So get your subscriptions. Buy your copies, and start reading today.

If you are an avid reader then you can use Kindle E-reader and save your money on books by buying e-books.

Oh, and if you want to add something or express your opinions, feel free to leave a comment. Happy trading/investing!



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