Best Investment Audiobooks
9 Best Investment Audiobooks
As an investor, it is essential to learn from the mistakes and good case practices of other investors. Yes, it might be easy to get knowledge from other individuals, but it is also vital for you to have your own learning sessions. Some might advise you to read investment books. However, there are times that this mode of learning is not effective for other people. If you’re one of them, then why not try listening to audiobooks instead?
Audiobooks are the best knowledge tools if you want to learn while still doing some other tasks. You can listen to these while cleaning the house, driving the car, or surfing the net. Here are some of the best investment audiobooks you can listen to this 2019.
A History of the United States in Five Crashes by Scott Nations
Why Listen?
The author, Scott Nations, is a longtime trader, CNBC contributor, and financial engineer. He created this audiobook to discuss the different journeys of the five significant stock market crashes in the past years. He also used these stories to explain how these events led to defining the United States today. The five stock market crashes are as follows:
- The Panic of 1907 (1907): The story revolved around how the Dow lost almost half of its value in just a short amount of time. This was the negative effect when the Knickerbocker Trust Company attempted to manipulate the money market. Good thing billionaire J.P. Morgan was able to save the situation.
- Black Tuesday (1929): Here, the author discussed the causes of the Great Depression – the failure of repeatedly adjusting the interest rates and the mishandling of investment trusts.
- Black Monday (1987): The Black Monday was known where the Dow dropped a whopping 22.5 percent in just one day. This was when the “portfolio insurance” was released, and the corporate raiders manipulated the stock market prices above its original value.
- The Great Recession (2008): This was the time wherein the economy and the stock market crashed because of the failed investment portfolios and the defaulting on mortgages of homeowners.
- The Flash Crash (2010): The Flash Crash was the time when one investment manager poorly understood and made a mistake using a runaway computer algorithm. This mishap led to the economic turmoil in Greece followed by the Dow shedding 998.5 points.
Price:
Free with Audible trial
Rich Dad Poor Dad by Robert Kiyosaki
Why Listen?
Most investors consider this as the ultimate personal finance audiobook in the market. They also see this as a ‘must-read’ for budding investors out there. So, what makes this stand out?
Listeners love Rich Dad Poor Dad by Rober Kiyosaki because it is easy to understand. It starts with a narrative on the story of the author while he is growing up. He explains the contrasting financial experiences he has had with this rich dad (his friend’s father) and his poor dad (his real biological father).
He compared the different lifestyles of these two people and what their financial mindset is. With this in mind, he detailed the lessons he obtained from both of his fathers and narrated how he used these learnings to become extremely wealthy at 47 years old.
Price:
Free with Audible trial
The Little Book That Still Beats The Market by Joel Greenblatt
Why Listen?
This audiobook is a short yet fascinating investment learning tool. It looks at the various systems which continuously maximize regular profit. Some are a little bit tedious and high maintenance to adapt, but once you get the hang of it, you’ll slowly feel the cash inflow it will bring you. It also gave out a lesson on how to find the best companies to invest stocks into.
What’s unique about this audiobook as well as its ability to add humor to its narrative. Since the author knows that the investing world is a little bit dry, he changed his tone to a more lively and humorous approach. This strategy is something that pushed the listeners to finish the audiobook.
Price
Free with Audible trial
The Book On Negotiating Real Estate by J. Scott, Carol Scott, and Mark Ferguson
Why Listen?
According to a study by the BiggerPockets, this audiobook does have not only one of the highest audiobooks ratings but also has the highest number of reviews than others. The study also stated that the investors who have listened to it recommended it to their friends more than two times since they found the tool valuable.
The Book on Negotiating Real Estate presented the best expert strategies when selling and buying investment properties. It also showed the best deals in this field. Lastly, the audiobook also highlighted the best practices when negotiating with the customers and placed a step-by-step instruction on how to maximize these opportunities.
Price
Free with Audible trial
The Millionaire Next Door by Thomas Stanley
Why Listen?
Contrary to belief, the Millionaire Next Door does not blatantly present a detailed guide on how to become the next millionaire. Instead, it focuses on the latest research data concerning those who have become millionaires at an early age. It also presented the storyline behind how they reached this state in the first place.
What’s impressive about this audiobook is that it presented the blood and sweat that these individuals underwent. Others see these people as hyper-wealthy creatures driving flashy cars. What they’re not aware of is that these millionaires became who they are by spending their energy and time more effectively than others. They spend it on initiatives and activities that bring wealth, not events that pay it.
Price
Free with Audible trial
The 86 Biggest Lies On Wall Street by John R. Talbott
Why Listen?
Talbott’s book focuses on the biggest lies on Wall Street. Some of these claims are known to the public, but most of what is presented are those who are not open to the public. It’s an excellent offering to listen to since it gives a whole new insight into the various happenings on Wall Street and the government side.
The only problem most listeners observe here is that there are some flaws in the author’s reasoning. There are some technical analysis which is misleading since the stock market data and market trends sometimes do not match. However, what’s compelling is that these reasoning flaws are balanced with good arguments supporting the misconceptions regarding venture capital, government, corporations, and economics.
Price
Free with Audible trial
The $100 Startup: Reinvent The Way You Make A Living, Do What You Love, And Create A New Future by Chris Guillebeau
Why Listen?
The $100 Startup audiobook differs from the other ones because of the scope it encompasses. Most audio focus solely on specific investment opportunities, but this offering by Guillebeau talks about pursuing your entrepreneurial passion without having to shell out a large amount of money. It points out that every investment initiative depends on a proper planning stage, and a successful execution will follow.
What most listeners love about this audiobook is that it is motivational and fun to listen to. It describes the emotional side of being at the forefront of finance and business. It also featured various successful businesspeople and narrated how they were able to achieve where they are now.
Price
Free with Audible trial
How To Day Trade For A Living by Andrew Aziz
Why Listen?
Only a handful of jobs can offer you flexibility, freedom, and income that day trading does. In this audiobook by Aziz, he discussed how easy and challenging at the same time, a life of a day trader is. It’s an easy endeavor because you can decide when to work and not to work – basically, you’re in charge of your work and personal life. However, the difficult part of this job is its small chances of succeeding. Only a tiny percentage of those who enter this field rise up to the challenge.
How to day trade for a living gives you a glimpse of how to start, where to start, and what strategies to take into consideration when day trading. It will provide you with the right tools and techniques on how to become the best in the market. What’s good about this audiobook is that it covers the most important day trading strategies such as the following:
- Bull Flag Momentum Trading
- ABCD Pattern Trading
- Bottom Reversal Trading
- Top Reversal Trading
- VWAP Trading
- Moving Average Trend Trading
- Support and Resistance Trading
Price
Free with Audible trial
Cashflow Quadrant by Robert T. Kiyosaki
Why Listen?
The Cashflow Quadrant is a sequel to the Rich Dad Poor Dad by Robert T. Kiyosaki. Comparing the two, this audiobook is a better version since it talks about four different ways of earning money – self-employment, employment, investment, and business. The audiobook emphasized on how the poor make most of their money through self-employment and jobs while the wealthy focus on business and investments.
According to reviews, people should listen to this audiobook if they don’t want to work in the same desk and office for the next 50 years.
Price
Free with Audible trial
The Verdict
There are many audiobooks out there which offer the best discussions on investments. If you want to immerse yourself with the reality of the financial world, however, the best option would be A History of the United States in Five Crashes by Scott Nations. It’s a multitude of theories and real-life stories combined in one. Such a great book to listen to!