For my blog post this week I decided to go to Workshop about a company called “Bloomberg”. In the workshop we learned about software called “Bloomberg Terminal”. According to the instructor, people in the finance world use the software to buy and sell things called “stocks”. A stock represent partial ownership in a company so if someone were to believe that a company had potential to grow and make money, they can buy the stock. When the company growths their ownership in the company or the stock will gain in value to represent the company’s value increasing. All the different stocks are traded on something called the stock market. Some investors use the Bloomberg Terminal to do long term value analysis on different companies, while others analyze charts to try to predict the next price. Stocks are not the only item however that a Bloomberg Terminal is used for. The Bloomberg Terminal also allows people to buy different currencies, commodities, and treasury bonds. Another interesting fact I learned is that the Bloomberg softwares is not cheap. The software can cost up to $2000 per month per computer, and usually banks need to purchase hundreds of Terminals to supply to their whole staff. Through the workshop I took a small stop forward to further understand the complex world of finance and what it has to offer. Also the value that a Bloomberg Terminal has to offer by supplying live real time stock market news, detailed financial information, and different suggestions based on knowledgeable analysts from different banks.
