10 Investment Books for Millennials and Gen Z Investors

Investing is a key component of personal finance. Millennials and Gen Zs, like the generations before them, have been affected by the economic climate during which they came of age. The majority of millennials, for example, became young adults around the time of the 2008 economic downturn.

Unlike the generations before them, some do not have the financial security of older generations.

While millennials and gen Zs are faced with some challenges unique to them, the basics of investment and saving applying in all cases. With countless books written on the subject, choosing the right one could end up being a tedious, time-consuming task. That is why we came up with a list of 10 books for young investors (in no particular order).

1. A Beginner’s Guide to the Stock Market by Matthew R. Kratter is a book that shows stock market newbies the ropes. In it, the former hedge fund manager details the types of stocks and how they operate. It teaches the reader investment strategies and how to analyse stocks to determine their performance long-term and short-term. The guide also addresses rookie mistakes and how they can be avoided.
2. Originally published in 1978 and updated in 2016, Andrew Tobias’ The Only Investment Guide You’ll Ever Need stresses the merits of a sound financial foundation for investing. Its main focus is establishing a proper saving account. In the book, the writer, who is also a co-host on PBS’ “Beyond Wall Street: The Art of Investing” also comments on the 2008 financial crisis.
3. Napoleon Hill’s timeless classic Think and Grow Rich is the perfect blend of motivation and financial advice. Published in 1937, during the great the book draws from the lives of Drawing from the lives of millionaires including Thomas Edison, Henry Ford and Andrew Carnegie, Hill outlines principles to success that he collectively calls the “Law of Success”.
4. One Up on Wall Street by investor Peter Lynch is essentially an average investor’s cheat code to beating The Street’s professionals. A highlight of the book is how to find the “ten-bagger”, a stock that yields ten-fold.
5. The Money Manual by My Fab Finance founder Tonya Rapley is a good place to start for first-time, millennial investors. The book features money management techniques, financial goals, improving and building credit and dealing with student debt.
6.  With the current disparity in investments and financial independence across genders, Nancy Tengler’s The Women’s Guide to Successful Investing is just what we need. The book discusses wealth generation and equips women with the tools they need to make smart investment choices.
7. Broke Millennial Takes on Investing by Erin Lowry is the perfect book for new investors fighting to stay afloat in the rough waters of the pandemic market. Lowry holds our hand, guiding us through such unfamiliar times with realistic, comprehensive advice.
8. The Modern Guide to Stock Market Investing for Teens is a 128 page, 2020 book by teenager Alan John. Written with the goal of helping young people begin investing early, the book has a wealth of knowledge. It offers easy-to-follow strategies for starting an investment portfolio and information on personal finance and investment knowledge.
9. Tiffany “The Budgetnista” Aliche in Live Richer Challenge writes about money mindset, getting out of debt, improving credit and saving to invest.
10. We end the list with Robert Kiyosaki’s gem Rich Dad Poor Dad. It is one of the most widely read personal finance books ever. Originally published in 1997 and updated in 2017, the book is based on the author’s upbringing and lessons learned from his father and his friend’s father. The book discusses assets and liabilities and how to make money on a limited income among other things.