Freshman Seminar Fall 17 CRA

Bloomberg Trading System, The Bang That’s Worth Your Buck.

The stockroom, displaying the Bloomberg Trading System, as well as a much larger display of the specific keyboard affiliated with it

I don’t even know where to start, I like many of my peers was distraught on what to do for my next blog post, since I checked off student life, and was saving academics for my last blog post in the light of an upcoming class trip to the MoMa. With career being my last workshop left, I decided to turn to the trusted Baruch email, where the weekly newsletter highlights the week’s key events and workshops. I immediately saw “Bloomberg” on many dates, uncertain of what it was I decided to pursue it anyways, due to it being flexible with my schedule. I am so happy I decided to go! Being, undecided in my major (in terms of whether I want move forward in Economics or Finance) the workshop opened my eyes, and just made my decision even harder. The Bloomberg Trading System, was founded by Michael Bloomberg in 1981, and the system comes with a rather hefty price tag at 24,000 a year. However, Baruch in the stock floor offers 11 of these computers, meaning they have 11 subscriptions. At first, I was like how could such a little colored keyboard cost so much, when there are alternatives like Google Finance, Yahoo Finance, and even one provided by CNN. But then as the workshop I quickly began to understand, why thousand of subscribers use the system. One of the things that I found most interesting was, the little question mark symbol that appears on each of the Bloomberg screens, and once you click on the question mark it explains whatever you are looking at. The system also has a help and search button, however it isn’t like any other. That is because, When you press that green search button (familiar to the Bloomberg keyboard), it opens the search engine,and you  can put in any trending queries or what you’re looking for, when you type what you’re looking for, press enter or go. What comes up is a help menu, that will try to figure out what you’re looking for, whereas, the left hand side gives categories, narrows it down to what you’ll most likely be looking for. This can be used if you’re unsure what bloomberg has. A little tip is, by pressing F1 key, does all of this with skipping the steps. The workshop also taught me, the function of: Ticker F8 and DES, Ticker F8 RV, Ticker F8 ANR, Ticker F8 GP, where ticker is the company’s abbreviation (e.g Visa, its ticker is V).  The blogpost is to limited to explain it all, but if you are interested, Bloomberg University events, classes, and web events that you can sign up for. You Can even make your own sign up, build your own portfolio, and watch your own information, but  must sign up at the terminal(Stock Room).

Bloomberg! -Victor Deng

As my friends and I began to leave our English class, we were faced with a dilemma. We did not know what to do with our 5 hour break until our next class, so we browsed through the list of events that are happening at Baruch. There was a Bloomberg workshop that intrigued me since I wanted to learn more about stocks and how prices are altered. I decided to attend the workshop and luckily there were some computers left. I quickly sat down and observed the dual monitors filled with graphs and numbers. The instructor taught me how to read revenue reports, social media influence of stock prices, and how to import real time prices onto Microsoft Excel. The Bloomberg program is similar to a search engine where you enter certain commands for information about public companies. Revenue reports displayed quarterly earnings from products and the services associated with it. Apple reported 78 billion quarterly revenue as the iPhone 7 and 7 Plus and about 7 billion of this revenue was due to services such as apps. I like the fact that I able to use this program to browse their reports for their revenue and the reasoning for it; this includes expansion of foreign markets and their new hardware changes. Going forward, instead of being overwhelmed by large numbers regarding how much money public companies make, I am able to read reports that justify where the money is coming from. This is imperative to my future since I am looking forward to invest in both short and long term investments when I feel ready. I also would like to pursue a career in investment banking so this workshop helped me pave a road towards that field.