How much of today's financial page or morning business
broadcast did you understand? Chances are, you found the glut
of facts and figures too discouraging to tackle or, if you did make
the effort, you came away wondering just how the price changes
and 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 have
taken on new meanings. It is now imperative for everyone who
earns a salary to understand the basics of finance if they are to
keep abreast of the wealth of financial and economic news with
which 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 the
press and news broadcasts, or it can be sought in the electronic
world through personal computers and word processors.
The financial and business news is the bloodstream of the free
enterprise system, heralding opportunities, warning of pitfalls.
There are, however, two major problems facing investors and
potential investors. In this age of exploding information, how
does one separate the useful from the useless; the information
that is nice to know from that which you need to know? The
abundance 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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