Joe Terranova
Providing insight into the domestic and global investing landscape
Topic Categories:
- Risk Management Expert
- Speaker
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Joseph M. Terranova is a risk management expert, a panelist on CNBC’s Fast Money, author, and the senior managing director for Virtus Investment Partners, an asset management firm with more than $101 billion under management and listed on the Nasdaq exchange under the ticker symbol VRTS.
Terranova was elevated into that position in May 2014. He joined Phoenix Investment Partners – now named Virtus Investment Partners – in June 2008.
In his current role, Terranova works with Virtus’ investment management teams and the financial advisors who sell the company’s investment products, providing insight into the domestic and global investing landscape for such asset classes as equities, commodities, fixed income and currencies.
He is the author of Buy High, Sell Higher, which gives practical advice on investing based on his experience as a trader. In the book, he dispenses advice on how to determine the optimal moment to buy a stock, when to sell it, how to protect yourself against sudden reversals in the market, and how to capitalize on moments when other investors are retreating.
Prior to joining Virtus Investment Partners in 2008, Terranova spent 18 years at MBF Clearing Corp., rising to the position of Director of Trading for the company and its subsidiaries. In this capacity, he managed more than 300 traders and support staff for MBF, one of the New York Mercantile Exchange’s largest firms. His work was highlighted as the feature story in the June 2004 issue of Futures magazine.
Terranova is perhaps best known for his risk management skills, honed while overseeing MBF’s proprietary trading operations during some of the most calamitous times for the U.S. markets, including the first Gulf War, the 1998 Asian Crisis, 9/11, and the collapse of Amaranth Advisors. During those times there was never a loss at MBF due to market anomalies. In fact, the firm continued to trade profitably and grows its business.
In 2003, Terranova was one of the first Wall Street professionals to make an early call for higher energy, natural resource and commodity prices. In June 2008 he cautioned investors to move to the sidelines in commodities. During March 2009, he encouraged investors to ignore the global “embracement of pessimism” and overweight equities.
More About Joseph Terranova…
Before joining MBF, Terranova held positions at both Swiss Banking Corp. and JP Morgan Securities.
With a strong commitment to charitable work, Terranova created the 501c.3 South Nassau Rock organization. He also established “Bossy’s Bunch,” a program that rewards excellence in the classroom for elementary students.
Terranova graduated from the Peter J. Tobin College of Business at St. John’s University in 1988 with a B.S. in finance.
When everything is at risk, how do you make calm and cool decisions? When Joseph Terranova worked as Director of Trading for one of New York’s largest mercantile firms, he was not only responsible for 300 people but in charge of trading decisions worth millions of dollars. Over his 18 year tenure, he had to face several crises head on. In this no-punches-pulled talk, Joe shares the wisdom gained from the trading floor and the techniques he used to lead his company to stellar results in turbulent times.
What happens in the White House affects your house. How will changes to taxes, tariffs, trade, bills, and regulations affect you and your business? Whether it’s an international crisis, a natural disaster, or just a new party in power there can be social and economic consequences in your life. While the social can affect your well being, the economic can trouble your wallet. In this blunt and fun talk, Joseph Terranova shares how the current political and social environment will impact you and your business and how to separate the social from the economic consequences.
How much time and energy do you put into big money decisions? When you research a new car purchase, for example, do you consult a few car review websites, ask your close friends, and take several test rides before you buy or do you buy what someone says is a “sure thing”? If you’re like most people you don’t impulse buy a car, but you do impulse buy with investments.
If you want to see better market results, you have to learn to invest like an institution. You need to understand how to handle unpredictable events, like crises, and how to plan for predictable calendar events, such as economic reports. In this enlightening talk, Joseph Terranova shares how the average investor can act more like an institution when investing and see better returns.
How do you set yourself up for success in the morning? Do you roll out of bed or jump out? How you start your day determines the results the rest of your day. Roll out and you’ll have an ordinary day. Put in the extra effort and you’ll an extraordinary day. In this engaging talk, Joseph Terranova shares how choosing the right morning routine can help set the stage for extraordinary results.
There is no one-size-fits-all approach to investing. While buy-and-hold and value investing strategies are still viable styles for many retail investors, these traditional strategies must adapt to the current age of investing where information is more readily available. There are also new styles to consider, such as momentum investing, which could prove useful to savvy investors. What is the best approach for you? Based on his investing book Buy High, Sell Higher, Joseph Terranova breaks down the different investment styles, strategies, and disciplines in everyday language that all investors can understand.
How would you handle your investments in a time of an economic crisis? Even though economic crises cannot be predicted, they happen often enough that there are predictable lessons to learn from them. While working for one of the top New York mercantile firms, Joseph Terranova was able to not only survive the Asian crisis, dotcom crash, 9/11, Hurricane Katrina, and the housing meltdown but also to come out on top. In this upbeat talk, Joe shares true-life lessons learned from working on Wall Street during times of crises. Audiences will leave with takeaways on how you can find opportunity in calamity and when to leap in when everyone is leaping out.
When it comes to risk it’s not about how much you can gain but how much you don’t lose. It doesn’t matter if you’re considering new investments, starting a business, or making a career decision, wise people know success comes from learning how to mitigate your risk. As a Director of Trading for one of the top New York mercantile firms, Joseph Terranova made his bones by knowing when to cut his losses. In this eye-opening talk, Joseph Terranova shares stories of how he evaluates risk in the market, business, and life.
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