Welcome Mirkgirl. :)
I like the Hobbit because it is like a fairy tale, its linear, you don't have to know anything else about the world in which it takes place.
Of course for the opposite reason I like LOTR because you can delve into Middle Earth's history.
I usually start over with The Hobbit, but think next time I will jump into the middle of The Silmarilion and read about Nemenor.
'Share and enjoy'