Kendil pretty much has it said, but it'll all eventually fall down to what builds you run.
In time, you're going to want an armor set for every rune/insignia setup possible. For now, get headpieces of every attribute with a + rune of your choice to that headpiece's respective attribute so you can test the waters with different builds. I'd suggest staying away from Major/Superior runes early on...
KotCR was pretty much right on the money with saying you'll have to always specialize in 3 attribute lines (which is true for most classes, but it's more complex as to why it sucks particularly for the paragon), which is applicable to 90% of current paragon builds (Martial Weapon, Leadership, Shield Attribute line). Though, you are free to extend your views on this as far you wish (2 attribute investment, Searing Flames Paragon lulz).
If you're running Paragon in PvP (LOL), for general use, you want to get Spear Mastery as high as possible, 14-15; 16, if you're feeling moody. You want to at least match the minimum requirement for your shield, and as for Leadership... well, this value fluctuates greatly for each build/situation. Really, just count the number of party members you can have max in that arena, or whatever amount you'll usually have around at any given time while in said arena... so your Leadership trait could be anywhere from 2-12 (never go higher than 12; you shouldn't need it any higher)...
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