Andrea Barron

Investing Essay

6th hour

September 2, 2019

Many of the articles share similar elements with the same themes. For example, almost

all of them agree that age definitely matters when you decide to begin exploring the world of

investing. They agree that starting off early can for sure help. In the Jim Cramer article, it

suggests that starting off young gives you the benefit of time. If you make an error in your early

20s, you have the rest of your life to fix that error that you made. However, if you make and

error in your late 50s, you don’t exactly have a lot of the time to recover what you have lost (Jim

Cramer’s 3 tips for investors who are just starting out). A tip I recognized from the articles was

the one about paying all your debts. This a tip I was familiar with because it is obvious that one

cannot start risking money if you do not have any. It would be healthy for all debts to be gone

before you start to risk money that you have. Another tip I was familiar with was the one about

investing for one’s retirement. This is one I was also familiar with as well because it is important

for one’s future. Consequently, not many people follow that tip so I understand why it is

emphasized. All of these concepts would be important for young investors to practice because

they need to know the importance of saving money and being responsible with it before you

gain more. For the most part, there is not too much contradiction between the four investing

articles. All of them agree that investing in one single stock is a major mistake for people who

are new to the whole process. It is dangerous to do so. All of the sources seem to compare that

mistake to putting all your eggs into one basket (Suze Orman’s three tips for beginner

investors). Also, all of the sources seem to agree on the idea of starting off early so you have a

lot of time on your hands to decide and play around with plans and ideas that one many have.
An ideal investment strategy, for me, would consist of three main principles: saving enough

money before college, creating a timeline for investing, and planning for the future. First, for the

money before college step, I would save enough money and pay off student debts to I can

establish my first investment. I value this step because it is smart to pay off anything I owe, and

it gives me the benefit of time, which every investor should have. Second, the timeline step will

help me organize how many stock I want to invest in and what new ones I want to do as well. I

value this one because it will help me make smart decisions. Also, it would benefit me by having

more than one stock to invest in. This is what many investors advise young investors to go

anyways. Finally, the planning for future step would consist of continuing to invest in certain

stock and searching for new ones to begin in. I value this step because I would constantly be

investing in new stock which would decrease my chances of losing money. This step would

benefit my by knowing what will come next. It will also help me to navigate the future of my

investing process.