| How much of today's financial page or morning businessbroadcast did you understand? Chances are, you found the glutof facts and figures too discouraging to tackle or, if you did makethe effort, you came away wondering just how the price changesand emerging trends will affect your own life and finances. In the last decade, the language of money has changed dra-matically. New words have been coined and old concepts havetaken on new meanings. It is now imperative for everyone whoearns a salary to understand the basics of finance if they are tokeep abreast of the wealth of financial and economic news withwhich we are all confronted every day. Most of the information you need to be a successful do-it-yourself investor is public knowledge. It is easily found in thepress and news broadcasts, or it can be sought in the electronicworld through personal computers and word processors. The financial and business news is the bloodstream of the freeenterprise system, heralding opportunities, warning of pitfalls.There are, however, two major problems facing investors andpotential investors. In this age of exploding information, howdoes one separate the useful from the useless; the informationthat is nice to know from that which you need to know? Theabundance of news can be overwhelming, and a glut of infor-mation is almost as bad as not having any. How do you cope? |
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