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What is Cryptocurrency and Should I Invest In It?

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October 29, 2021

Kevin and Elizabeth are joined by Kara Murphy, CFA, Chief Investment Officer at Kestra Investment Management. We answer the following questions: What is Cryptocurrency? How does Crypto work? What are the risks of investing in Cryptocurrency compared with traditional stocks and bonds?  Should Crypto be a part of my investment portfolio? What is the future of Cryptocurrency?

Kara Murphy - Chief Investment Officer of Kestra Investment Management
Kara Murphy CFA – Chief Investment Officer of Kestra Investment Management
LinkedIn: @MoneyWithMurphy
Twitter: @MoneyWithMurphy

About Kara Murphy, CFA:

As Chief Investment Officer of Kestra Investment Management, Kara brings her extensive expertise to partner with the independent financial professionals associated with the Kestra Holdings ecosystem. Kara and her team provide hands-on support, that includes market commentary and research, guidance on portfolio construction, and a broad array of investment solutions designed to empower financial professionals to serve their clients’ wealth management needs. Kara was most recently Chief Investment Officer and Managing Director at Goldman Sachs Personal Financial Management, responsible for overseeing client investments. While there, she served on Goldman Sachs’ Women’s Council, Inclusion and Diversity Committee, and the Sustainability Committee. Kara joined Goldman Sachs as a Managing Director in 2019 as part of Goldman Sachs’ acquisition of United Capital. As part of that acquisition, Kara led investment-related integration efforts between the two firms. Prior to joining United Capital, Kara was Chief Investment Officer at AIG Funds, where during her tenure as CIO, assets grew from $23 billion to $50 billion. Earlier in her career, she worked at Chilton Investment Company, a hedge fund, as an equity analyst, and before that, Kara worked at Morgan Stanley Investment Management as an analyst researching equities, macroeconomics, and investment strategy. Before joining the investment industry, she was an analyst covering international political and economic risk at Marvin Zonis + Associates, with a focus on Eastern Europe and Russia. Kara is a member of the CFA Society of New York and the CFA Society of Dallas-Fort Worth. She serves on the board of directors for Welcome Home, a nonprofit, which she founded to provide support for newly resettled refugees. Kara earned a bachelor’s degree from Georgetown University’s School of Foreign Service and earned a master’s degree from the University of Chicago.

For more information contact Kevin Ellman CFP and CEO at kellman@wpsllc.net or (201) 632-2022

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation. Comments concerning the past performance are not intended to be forward looking and should not be viewed as an indication of future results.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Wealth Preservation Solutions is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS are not affiliated with any other entity listed herein.

Investor Disclosures: https://bit.ly/KF-Disclosures

This article is for informational purposes only and is not intended as an offer or solicitation for the sale of any financial product or service or as a determination that any investment strategy is suitable for a specific investor. Investors should seek financial advice regarding the suitability of any investment strategy based on their objectives, financial situations, and individual needs. This article is not designed or intended to provide financial, tax, legal, accounting, or other professional advice since such advice always requires consideration of individual circumstances.

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Article written by Kevin Ellman, CFP ®

As a financial advisor for over 25 years, Kevin Ellman provides the full array of financial, estate, and retirement planning services to high net-worth business owners, families, executives, and individuals. He has appeared as a financial commentator on CNBC (Morning Call, Portfolio Make-Over, Make Your Money Work, Power Lunch), and on ABC, and has been quoted in Business Week, CBS Market Watch, Fortune Magazine and The Wall Street Journal. Learn more about Kevin Ellman...