Crypto Terra Luna Crash Loses $40 Billion | News or Noise

Описание: Mid-last week, the latest and largest failure to date in the crypto space transpired, see what this means for your investment portfolio. It centered around a cryptocurrency called "Luna," which was theoretically backing a controversial stable coin named TerraUSD.

00:00 Introduction
00:49 History of Luna
01:53 The Terra Luna Crash
02:20 Oak Harvest and Crypto
03:11 News or Noise?!
03:21 Contact Us

Call me ignorant, but before Wednesday of last week, I thought "Luna" was a mediocre "energy bar" that cost about $1.25. Little did I know that Luna has been around for about four years. This was the second go-round for the same experimental idea from a fellow named Do Kwon. He has the pedigree of most young Silicon Valley visionaries. He's a Stanford dropout.

As you know, our constant advice for investors is to “tune out the noise.” But sometimes it is hard to know what’s noise and what’s not! That’s what this series is going to be about.

Our goal here is to approach these stories and each topic from an independent, investor-first, standpoint, divorce ourselves from personal feelings, emotional bias, or political opinion, and briefly analyze what we believe each story means for long-term investors.

These are going to be quick, casual, opinion pieces, and while we will use data to support our view, we will most likely be wrong in our interpretations, at least some of the time. However, we are looking to practice what we preach, and to help investors to rationally and critically analyze emotion-laden stories.

So with that said…

News or Noise?

#financialnews #factorfiction #mythsdebunked

Do you need a retirement plan beyond allocating funds to truly fit your needs? We can help you create a retirement life plan customized for your retirement vision and legacy. Call us at (877) 404-0177 or fill out this form for a free consultation: https://click2retire.com/lunacrash

About Chris Perras, CFA®, CLU®, ChFC®, Chief Investment Officer

As CIO, Chris is the lead investment strategist and director of research at Oak Harvest Financial Group. Chris develops the firm's core market outlook, putting his decades of experience and expertise to work for our clients. He hosts Oak Harvest's podcast, "Stock Talk," available on the website with new episodes each week.

He completed his undergraduate studies at Georgia Tech, and went on to obtain an MBA from the Harvard Business School. Driven by a desire to maximize his knowledge and skill set, he acquired a plethora of financial planning and investment management qualifications, becoming a Chartered Life Underwriter (CLU®), a Chartered Financial Consultant (ChFC®), and a Chartered Financial Analyst (CFA®).

Important disclosures:
Content of Oak Harvest podcasts expresses the views of the speaker and is for informational purposes only. Oak Harvest believes that any data, articles, or information cited are reliable at the time of creation, but does not warrant any information contained herein to be correct, complete, accurate, or timely. The views and opinions expressed herein may change without notice. Strategies and ideas discussed may not be right for you — and nothing in this podcast constitutes personalized investment, tax or legal advice, or an offer or solicitation to buy or sell securities. Indexes such as the S&P 500 are not available for direct investment and your investment results may differ when compared to an index. Any specific portfolio actions or strategies discussed will not apply to all client portfolios. Investing involves the risk of loss, and past performance is not indicative of future results.