Reddit reviews Economics For Dummies, UK Edition
We found 9 Reddit comments about Economics For Dummies, UK Edition. Here are the top ones, ranked by their Reddit score.
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economics for dummies
Here's a good place to start. You're welcome.
Ok, that's basically what I did when I started out. Let me just say, there is a learning curve- and LOTS to learn. However, if investing turns out to be something you enjoy, and you always continue learning, you open the door to higher returns in general (and a very interesting hobby :D ).
At the start, you don't need to know much more than the general facts. Equity, bonds, the market. What the lingo means, and where the resources are. The original book I got for an overview was the following, and I would recommend it: The
The FT Investing Guide - not a cheap book, but will go over the foundational knowledge you need.
I would then follow with The Intelligent Investor, which is THE great value-investment book. It will tell you about how to logically approach investing in companies, and give you a framework for choosing better companies to invest in, and not overpaying for the equity you invest in.
Knowledge of macro economics is also a plus, imo. I started off by reading Economics for Dummies (yes, really).
The basics of accounting is somewhat essential, but it's covered in the FT guide. If you can get to the point where you can understand a typical income statement, balance sheet or statement of cash flows, it should be enough to be a competent investor. It allows you to understand the underlying financial health of a business, which is very important.
Your aim is to find strong companies, with good future prospects, which are undervalued by the market, and invest for the long-term. This will allow you to maximise your returns.
..I was all set to continue writing this wall of text, but I think I'll leave it here for now. If you have any further questions, or would like more clarification on any points, I'd be happy to help. So just let me know.
I'm an American but currently studying in Denmark. While it isn't great to compare the two countries as they have very different populations and cultural norms the highest tax bracket in Denmark is 55%, that's only for the RICHEST members of society, otherwise taxation for middle and lower class is somewhere between 25-39% depending where you fall income-wise. Healthcare is excellent and free as is education. America has about 100x the population of Denmark and increasing taxes on the upper and upper middle class should be able to lead to affordable healthcare. Economics is a hard subject, I'd recommend reading a couple books, I hear this one is pretty good
https://www.amazon.co.uk/Economics-Dummies-Peter-Antonioni/dp/0470973250
Try here.
https://www.amazon.co.uk/Economics-Dummies-Peter-Antonioni/dp/0470973250
Economics for Dummies
This is very good to get started on basic economics theories: http://www.amazon.co.uk/Economics-Dummies-UK-Peter-Antonioni/dp/0470973250
Don't be put off by the Dummies title. It's an excellent book for beginner. And it's also available, ahem online if you search hard enough.
> I'm an organised communist of the Marxist-Leninist flavour.
i stopped read here, enjoy
https://www.amazon.co.uk/Economics-Dummies-Peter-Antonioni/dp/0470973250