Ryan Lain

Contemporary World Problems

Mr. Auwerda

January 28 2019

To begin, one common theme between the four that is obvious and makes sense

is to focus on the big picture. When investing, the goal is to allow your money to make

more money for you. It can not do that if you take it out whenever there is a slight

change in the market. It instead needs time to grow and reach its highest potential.

Another is working with an advisor. Because the general population is not, for the most

part, well informed of investing, it is recommended that you talk with someone who is

before risking your money. This can help you from making mistakes, or simply investing

where you would not want to which could help maximise profits. This is very good

advice because although there would be a fee associated with consulting an advisor, it

would be beneficial in the long run as it can help your profits increase as well as

minimize your loss of capital. They also agree that you need to start early. This is

because it gives your money more time to make money on itself. If you invest early

your earnings will be higher which then allows for higher profits. One final shared

theme is diversification. Suze begins by saying that you need to not “put all your eggs

in one basket.” Others say to diversify or simply allude to it. This is important because

then if there were to be a decline in that particular area, you will be protected because

you have investments elsewhere.

Next there are many differences, for example, Warren Buffett disagrees that it is

impossible to predict the direction of a stock. He says that advisors as to which stock to
buy can be useless and should not be used. This is a good point because although

they do analyze the market, know the “game,” and make predictions, it is impossible to

know the future and they can not tell you which stock will be good and which will be

bad. However others disagree with the ideology that they do know trends and have the

best odds to make a correct prediction and some information is better than none.

Some of the tips and strategies that I thought were most useful were to first pay

off all debts, as you should not invest and risk money that you do not own. Also, it is

important to look at the market from a long term standpoint not day to day. The market

changes very often for any number of reasons, so if you make decisions based on what

is happening each day your money will never be able to grow. It is important to look at

the big picture and not ignore, but do not focus on day to day changes. It is also

important to know the business or financial institute that you are investing with. You

need to get to know them before to assure yourself that it is a smart investment and

then continually to ensure they are holding their principles and going to remain stable. I

disagree with Warren Buffett and think that a financial advisor is not only beneficial, but

necessary. So main principles for investing would be

1. Pay off debts

2. Look at it long term

3. Know your company

4. Get an advisor