Introductory Blog

Bo Ming Wang

Eng 2150

https://blogs.baruch.cuny.edu/bomingwang

I love stocks

Before I was enrolled into Baruch College, I struggled to find my major. I was clueless about what I wanted to study and focus on. For example, in middle school, I wanted to be a policeman;In elementary school, I wanted to be an artist; in junior high school, I wanted to be a doctor; in highschool, I wanted to be a teacher. I was so puzzled. Some people say follow your heart, but the there are many subjects I love equally. Realistically, if I really did listen to that advice, I would most definitely have multiple occupations. Keeping this in mind, I went on a mission to find another field I felt enthusiastic putting my heart into, and in return, be able to provide me with a stable and long-lasting career.

I found what I was searching for while I was on vacation in China. That year, I became interested in finance, specifically the stock market aspect of finance, which was first introduced to me by my uncle.  I remember that my uncle would always babble about the fluctuations of stocks’ value, but I did not pay much attention to him because it sounded too complex and crazy to me, at first. He personified stocks. Somewhere along the lines of “How could you betray me. I placed my trust in you.” and “I love myself. I knew you would grow.” To be honest, I found it peculiar that every few minutes, he would check his computer like he was possessed or addicted. I expressed disinterest until I found out that he earns money by following a simple process of buying and selling stocks. I was shocked on how he was able to secure sufficient income to support his family and purchase almost anything he wanted, while staying home looking at charts. His lifestyle is enviable, and I wanted to follow his footsteps. So, in my free time, I developed a habit of performing research on simple guidelines for beginners. I was thrilled but the hype in me quickly dissipated as soon as I found out that I failed to meet a requirement. I needed a guardian’s consent to participate in the stock market. Too bad I was not eighteen at that instant. As a result, I gave up on it because I was one-hundred percent sure my parents would not approve of me investing in something so risky.

Luckily, in my senior year of high school, I was reintroduced to stocks in my economics class. My economics teachers separated the class into teams of three and made us play a stock market simulation game on iPads. In this game, teams were given ten thousand dollars to purchase stocks, and the team with the highest net worth at the end of the year wins real money. The competitive and serious nature of the game was lovely. I remember it like it was yesterday when  my teammates and I debated over whether spending the last thousand on Apple or Facebook. Things got heated, but like true gentlemen, we fought with words and reason, with no malice involved . This shows how engaged and absorbed I was. Although, my team did not win, I learned a lot and absolutely enjoyed the experience. I always believed that I was solely motivated by the financial aspect and would take any job that promises high salary, but I was wrong. This game was influential; it made me realize how much I enjoyed stock trading.

Financial security along with my rationality were my main motivators in choosing finance as my major. The most logical choice is to pick a major that is highly functional in the real world, in and out of work. Finance, in general, is the study of money management, which is a must. Wealth management is an essential skill to learn, and mastery in this would improve judgement on financial decisions, buying,saving, and investing being an example. Plus, having a business-related major in a rich and advanced city like New York enhances my probability of succeeding in receiving proper training from experienced professionals. Also, I like to look at the suitability of a major that is relevant to me. I was taught by my parents and teachers to build on my strengths. Since I excel at math, it is sensible to select a major that is related to it. Of course, finance is not only about math. In order to be involved in finance, one needs a plethora of skills, including problem-solving, decision-making, and communication skills. In my honest opinion, a finance degree is perfect for me because I have these skills in my arsenal. One time, when I was a cashier in a retail store, I was on my shift and a violent customer came and demanded a return on a product, but this store had a no-return policy. So, for some reason, the ruthlessly angry man mocked my ethnicity and my family, and even better, the manager was absent. I had the option of cussing him and potentially be fired or endure the abuse and come unscathed. Ofcourse, I acted like a gentleman and came out a winner. When facing a difficult problem, I do not panic, rather, I take a calm and timely approach to generate as many solutions as I can, and in the end, I would take the best option. I also possess a strong and reasonable mind; I would not allow any of my emotions to influence my decision-making. Although I might not be a powerful speaker, I can positively communicate things loud and clear–currently in speech class and will continue to improve.  

Baruch College’s most popular major is finance. It is not surprising since financial knowledge is in demand in almost every part of the world. Finance is one of the fundamentals of, ranging from ,something small like conducting a business to something massive like investing in the world’s well-being, for example, technology, and technology accelerates everything–education, food production, health. Financial professionals have unimaginable impact on the world. They can eliminate stagnant behavior and promote growth of an economy, and I want to part of them.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.