Thursday, August 28, 2014

Self-Assessment

            I was attentively sitting in on a meeting during the morning of August 8, 2014 when I truly realized that my view of what corporate America looks like is very different from most people’s perspective. Imagine a loud environment, cubicles everywhere, high-frequency traders buying and selling stocks quicker than we can blink our eyes, and high-tech computers capable of doing anything you want them to do with the click of a mouse. Sounds like a typical business company seated deep in the heart of New York City right? Well, Csenge Advisory Group isn’t your typical wealth management business, and they don’t have the usual financial advisors that you’re picturing in your mind. The environment in which I was placed in this summer from the beginning of June until the end of August was friendlier and more laid back than you would expect. The aroma of Keurig cups filled the office air bright and early in the morning. From time to time I could even smell the scent of candles burning in one of the employees office. Surprisingly, this had a calming feeling while I typed away in Excel mining data on local companies, or when I was working hard developing pages for their new website. Without a doubt, I worked harder than I ever have worked before, I read more about finance, business tactics, and Wall Street than I ever have in my lifetime, and I did something new and exciting that I never thought I would have while interning this summer; I created a simple and local website (csengepa.com) with the help of two other interns. The business relationships I made with clients and the new friends that I made during my first internship here in Washington, Pennsylvania however did not overshadow this hard work. I learned great lessons along the way and valuable insights about life, business and everything in between. There’s no excuse for being a “rookie intern” and I certainly didn’t feel like one during the last couple of days in the office. I felt like one of the other team members at Csenge and most importantly I felt accepted and proud of the work I completed. Countless times I was congratulated for the work that I have been doing and it obviously wasn’t done unnoticed. Some large firms may be the other way around with their interns; glad that they’re learning how the real world works but possibly not as appreciative as they should be. That’s why I am very lucky that I was able to get into Csenge and their small/mid-level sized firm.  

            In terms of challenges I faced while interning and completing my Magellan, the main one that I had to overcome was developing a website without having the background of programming or computer information science to pull from. Obviously, growing up as a Millennial, I’ve been surrounded by computers, websites, and smartphones for well over a decade now, but actually putting that to use to make a website was an arduous task at first. Luckily, with the help of my friend/intern Conrad Burns (CIS major at W&J), he reassured me that this would be easier than I originally intended it to be. The first week was frustrating trying to understand how to use wordpress.com (Jim, the 3rd intern had the same problems), but once we got a hang of it pages started to develop quicker and the content poured onto our MacBook Pro’s. Another challenge that I quickly overcame was my tendency to be shy and reserved. Growing up I was always quiet, but competing in a business environment is not conducive to that kind of behavior. Faster than I expected, I became vocal in meetings and understood what my bosses were asking of me in terms of big picture scenarios. With this challenge put behind me, I can work towards my goals in the future striving for proper wealth management and great investments in the ever-competitive world of business and economics. Understanding terminology of the finance field was another small hurdle that I had to jump over during my three months interning. I was obviously familiar with most of what was being said thanks to the great economics and business departments that W&J has teaching us, but some of the lingo had to be learned overtime. Anytime I got stuck or had a question regarding a definition or example of how retirement plans worked, I was able to ask my boss and get the run around of exactly how it worked and the layman’s terminology behind it.  

Improving on my developmental skills while creating a website was a great tool for me to learn this summer. I would say that my appreciation for fine details and a well rounded website have increased after having to put in a lot of man-hours on the subject. My posture, presence, vocal abilities, and overall effectiveness in meetings have also been a skill that I have developed during my internship at Csenge. Having countless meetings every week with staff, clients, friends, and prospects has showed me what it takes to get a message across the right way and how to control a meeting. To briefly touch upon some skills that I have refined this summer, I would say that my finance, economic, business, and strategic investing skills have improved substantially. I read multiple books this summer on the topics of investing (Buffettology by Mary Buffett, Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher, The Little Book of Big Dividends by Charles B. Carlson, and End This Depression Now by Paul Krugman). Joseph Piszczor and Roger Bedillion, financial advisors at Csenge Advisory Group, were my two mentors this summer. They taught me so many valuable life lessons that I will take away with me for the rest of my business career. Joe was able to teach me a lot about the history behind financial markets, how money came to be in the world, and many real world experiences that he has witnessed so far in his life. Roger on the other hand, being an older gentleman and wise investor of his time, was able to get his messages across to me by using stories, as well as analogies. He formerly worked for PNC and his years and experience in the financial field have been helpful for me to pick up on what’s been going on in the economic markets and global economy for the past couple of years now as we have worked our way out of the recession of 2007-2008.  


Overall, I was able to get as much out of my internship as possible and then even some more. The resources that I had at my disposal were invaluable and it is truly amazing the great things that one can accomplish with the help of a computer. This goes on to another issue in itself of providing individuals with the necessary technology in order to learn new things everyday and fight the never-ending battles that occur in this world. Democracynow.org was a great resource of daily educational videos that I watched in the office during the mornings.  My perspectives on certain world issues have broadened in my opinion. I’m able to see the “big picture” now with the help of credible news sources. Thankfully there is still a lot of work to be done on my end at Csenge Advisory Group and my two bosses have agreed to keep my friend and I on board with them during the fall semester. This had led to another job offer with one of Roger’s clients who teaches at Case Western University and runs his own business as well. As the case goes in business, “It’s not who you know but its who knows you.” I’m glad that my networking opportunities have paid off and I think there could be something extremely special for me in the future. For now I’ll continue to show up, give it my all and see how my deck of cards unfold themselves. To quote the great Albert Einstein, “Imagination is everything. It is the preview of life’s coming attractions.” I’ve realized that everything around us that we call life (houses, cars, technology, clothes, food, etc.) was made up by people that are no smarter than you and I. I have the ability to embrace, change, and make the biggest impact on the world that I physically can, and trust me, I intend on doing just that. Thanks to the Magellan Project this was all made clear to me. I could not be more thankful for the opportunity that Washington & Jefferson College has presented me, continues to present me, and will present me in the future with its great form of educating the young gifted minds of Generation Y. I will cherish this project and the time that I spent on it for the rest of my life. It has shown me that when you have inspired thought you have to trust it and you have to act on it. All of which I have done!  

Friday, August 15, 2014

Sneak Peak of my Independent Research

The Magellan Project is all about the independent research that you complete during your summer traveling abroad or interning in the states. Well, I started early around June throwing words onto paper and it's amazing how far I've come. Now, as we are half way through August, I've reached page 15 of my research paper. But wait, there's more to come! As I've gone about the summer I have realized that when you have inspired thought you have to trust it and you have to act on it. All of which I have done. The title of my paper is as follows, "Financial Independence: A Goal For All." I look forward to sharing my work with students and staff upon the beginning of the Fall 2014 semester.