Joe Terranova Net Worth is$30 Million
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Profession: Trader
Date of Birth: Oct 29, 1966
Joe Terranova is a New York-born trader and executive with an estimated net worth of $30 million dollars. The Chief Market Strategist for Virtus Investment Partners, Joe Terranova also contributes content to CNBC and is a panelist on their popular financial show, "Fast Money". He is recognized in the financial world for his risk management abilities.
Joe Terranova (born October 29, 1966) is a Capital Markets executive, investor and trader. In addition, he is financial news television personality.
In May 2008 he was signed as a CNBC contributor and currently appears as a regular panelist on the highly rated evening program Fast Money.
In June 2009 he was named Chief Market Strategist for Virtus Investment Partners. Virtus Investment Partners is a Hartford based asset management firm with over $20 billion dollars under management. Previously, he held the position of Chief Alternatives Strategist for Virtus Investment Partners. He joined Phoenix Investment Partners - now named Virtus Investment Partners - in June 2008.
Prior to joining Phoenix, Terranova, spent 18 years at MBF Clearing Corp., rising to the position of director of trading for the company and all of 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.
During his tenure with MBF, Terranova is perhaps best known for his risk management skills, honed while overseeing MBF's trading operations during some of the most calamitous times for the US markets, including the first Gulf War, the 1997 Asian Financial 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 grow its business. In 2003, he was one of the first Wall Street investors to publicly make a call for significantly higher energy, natural resource and commodity prices over the next five years. In June 2008 he cautioned investors to move to the sidelines in commodities. In early March 2009, Terranova said to be a buyer of the "Devilcession" S&P 500 low at 665.75 based on the world's embracement of pessimism (the index rallied 25% over the following month).
Terranova is a CNBC contributor and frequent panelist for the highly rated CNBC evening program, Fast Money.

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Joe Terranova Latest News

Joseph ‘Joe’ Terranova

Joseph “Joe” Terranova, 96, of Beloit, WI, died Monday, April 25, 2016 at Pioneer Court. He was born March 11, 1920 in Beloit, WI, the son of Salvatore and Antonia (Paladino) Terranova. Joe married Genevieve Maitland on June 20, 1947 in Beloit, WI.
Posted: April 28, 2016, 8:00 am

Time to Ditch Apple Inc. (AAPL) and Get Into Energy Stocks?

Apple Inc. (NASDAQ:AAPL) is majorly profitable, but as remarked by Fast Money Trader, Joe Terranova, investing in oil at this time could bring in even heavier profit than what it would sticking with the tech giant. While appearing on Fast Money ...
Posted: February 27, 2015, 2:26 am

A KC career cocktail connoisseur enjoys whiskey’s spike in popularity

Joe Terranova, 36, is a connoisseur of whiskey. A luxury specialist at Major Brands, Terranova focuses on educating the consumer about the company’s super premium, top-shelf beverages in Kansas City and occasionally in Springfield and Branson.
Posted: October 29, 2015, 4:32 am
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