Latest / Financial Survival Network / Lose Your Broker, Keep Your Money -- Dan Calandro #5793

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Lose Your Broker, Keep Your Money -- Dan Calandro #5793 · Financial Survival Network

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You're listening to Carrie Let's Financial Survival Network, where you get valuable information you
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and welcome. You are listening to the Financial Survival Network. Well, you
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ever get your datement back from your broker from your bank and you look at
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the numbers and you say, what am I doing with this person? Why
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don't I fire them? Well, person you're about to hear from will explain
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to you exactly why you should be firing your broker, if there's any still
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around, and how he has accomplished a thirty six hundred percent return. The
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name his name is, Your name is a den Calandro Dan. It's great
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to have you on the show. So lose your broker? Or can most
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people make money on Wall Street without a stockbroker? Or can they lose less
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on their own? Put it that way, I think the only way to
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make money on Wall Street is without a broker. To be honest with you,
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it's really not that hard. But but there, you know, is
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a strategy to it. And what I do in the book lose your broker,
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not your money, is just to give the reader a plan, a
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strategy to outperform the portfolio they're broker put together, or you know, any
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major market index that they want to beat now s and P five hundred,
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Nasdaq, whatever it is, with less risk. That's that's the method that
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I outline in the book. Okay, so how do you do it?
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Is it? That's simple? Yeah? You know, anyone can do it,
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and you got to have some basic knowledge which I lay out in the
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book. But what the book basically does in my method fifteen fifty one,
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what it does is basically, you know, stack the odds in your favor.
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And you know, one hundred million Americans own on average four mutual funds
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gerry one hundred millions, basically one out of three people. Right, The
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average mutual fund owns around a thousand stocks, So they have a collection of
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say four thousand stocks, and they're trying to beat a thirty stock index called
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the Dow Jones and dust your average And do you really need that much?
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And the answer to that is no. All you do is basically increase your
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risk and marginalize your return. My book basically centers around my METHODGE fifteen fifty
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one, which is comprised of fifteen stocks, and my method proves that you
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could be market diversified with fifteen stocks. So you market diversified with fifteen,
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Why own thirty the Dow thirty or why own five hundred and five because the
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SMP five hundred actually has five hundred and five stocks in it? And why
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would you own a collection of four mutual funds for four or five thousand stocks
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to try to outperform a thirty stock average? Right, So you pick those
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fifteen. The fifteen's easy if you know how to lay them out, right,
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if you know your blueprint of construction, which is a allocation model,
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and that's my fifteen fifty one model. It's covered in chapter three. If
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you know how to be market diversified, you basically know what kinds of stocks
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you're looking for. And in the book, I take the read around that
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journey, and the way I do it is say, okay, here's the
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definition of the market. Right. Most people call it the SMP five hundred,
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the Dow Jones Industrial average. I call it the Dow Jones Industrial average,
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And the reason for that is it's thirty stocks, and I can understand
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it, right, So I start off by saying, okay, I'll take
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fifteen of the Dow thirty and then I'll just improve it. And so what
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you end up with it's a smaller group of stocks that are all above average.
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So it should be no surprise to anyone that they that this portfolio consistently
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produces above average returns, which it does. And again, one hundred million
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people own on average for mutual funds, their average amount of money in the
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market, it's one hundred and twenty five thousand dollars, right, So what
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they do need is some powerful results which you can only get with smaller numbers.
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I use the analogy all the time from the military gall out of friends
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in the military. And you know, the United States of America wants to
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Kilosama bin Laden. They don't send a whole US military after him, which
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is right down the street, right, He was right down the street from
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a very large Pakistani military complex. But they didn't send the whole military.
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They sent a navy sale team or two. Right. Why because they're stronger,
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faster, and smarter. Same thing with my portfolio. My method.
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Alrighty, so so picking up these fifteen Yeah, and again, you know,
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I'm a market diverse I'm a market diversified portfolio, so I look to
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spread my investments in a market diversified manner. You know, technology for me,
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is not my number one industry. It's actually my number two industry.
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Consumer staples and consumer services you know, are my first picks. Um.
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But again it's it's a method, it's a process, and I lay it
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out, you know, in my book. And the best way to find
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the best investments for you or for anybody is to go through your house,
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look at the goods that you buy, the services that you use, follow
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your money, and those are the best investments for you. That's how I
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do it. And basically the book is just the way I do it.
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I've been following the stock market since nineteen eighty seven when I was in college.
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You know, Black Monday was a big day for me. I remember,
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And what's that you remember? I remember it well? So, yeah,
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try to do in a walk down main street situation like Peter Lynch describes
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in his book One Up on Wall Street, Like his thing was, it
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used to be, you go to the mall, you see which stores have
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the crowds you buy those stocks. Nobody uses the mall anymore, so I
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guess you have to find something else so you're not in. And what is
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the heaviest concentration of these fifteen stocks that you're in? Now? Can my
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number one stock? My number one stock carry is Church in Dwight. Do
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you know it? I don't know. It sounds like a men's clothing store.
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Yeah. You. I guarantee you if I rattle off all fifteen in
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my stock, you'll know every single one of them. And for your audience
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that doesn't know who Church and Dwight is. I love the stock. I've
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loved it forever. Great management team, clearly Armorhammer, Bacon Filder. You
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ever hear of that? Yeah, it's in every boat Occidental Petroleum. They
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they Church and Dwight um is Armored Hammer and and a bunch of other great
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products, product lines and a very well managed company. They are my number
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They are my number one holding. Oh well, hey, this is if
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you're looking for the birch roll angle. They owned Trojan oxy Clean. I
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use them, water pick Zekam. They're a breath Yeah, and again you
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know, how did you how did I find them twenty five thirty years ago
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when I bought it. You know, how did I find them? Going
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to link cover? You know, think about think think about armored hammer.
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It's in every household, it's everywhere, every restaurant, right, every bakery.
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Um, and again that that's a consumer staple. That that's that's people
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people buy their products out of need more than one you know. Um yeah,
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that's that's that's my number one in the consumer staple service, Arrows said
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theodor And I didn't even know there were still around. Yeah, yeah,
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yeah, there's another here this and spun all right, So, um,
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you want me to change in the industry? What are you? What are
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you kind of looking for? You want number two? And my number one?
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survival network. The information you need to throw now. More than you know
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though, these are in my portfolio in my so in the book, I
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create a portfolio and I take the reader on this journey so they can learn
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how to build a portfolio, right, because it's that's what it's about.
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It's not about picking stocks. It's about building a portfolio that will achieve your
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objective. Right, And the objective for this portfolio, and if you go
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to my website, lose your broker dot com and you look at performance,
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the purpose of this portfolio is to do two things. Well, it's supposed
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to do one thing. It's supposed to indicate how the stock market strength is
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performing. Okay, that's its objective, that's its purpose in life, this
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portfolio, and it's got to do two things. One it's got to outperform
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the market averages, therefore producing above average or quote strong results. Right,
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and it's got to move in a market like manner to prove that it's market
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diversified, right the dial Really, you know, Thal theory basically pioneered market
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diversification because it proved well in the beginning. It did it with twelve stocks.
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But the world was different in eighteen ninety six when it was invented.
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But but the Thal proves that you can achieve market diversification with thirty stocks.
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I prove fifteen fifty one proves that you can optimize market diversification with fifteen stocks.
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So why own thirty five hundred or four thousand if you can achieve the
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objective with fifteen and earn higher returns with less risk. Obviously fifteen stocks it's
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less risk than four thousand, right right, Okay, So tell us another
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one. Okay, So my second one on my list there is United Healthcare.
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And United Healthcare was added to this portfolio after Obamacare passed the Supreme Court
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hurdle to be quote unquote constitutional, even though a lot of us think that
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it wasn't. But but once it passed the Supreme Court hurdle, to make
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it legal. I know, just like we all know, anytime the government
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wants something, they inflate it. They pump a lot of money through it.
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And so I added United Healthcare because I figured the government would would pump
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a lot of running through the healthcare sector. And inflation is good if you
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own stocks, right, because it pushes the price up. And when I
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added United Healthcare to my portfolio, the fifteen fifty one indicator, it was
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sixty seven dollars. It's four hundred and eighty eight today. Bad. Not
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bad? Okay, one more your top three. Well, I'll give you
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a different I'll give you my number one technology holding, just because everyone knows
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it and you don't have to love the company as much as you use it.
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Right and Google is it right? Um? Yeah, not a real
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san but yeah here I'm with you. I agree with you. Um,
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but Jesus, everybody uses it, including me, for a lot of different
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reasons. Um, they're big, you know, cash flow positive, you
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know, big investor. They're taking over the world. You know, you
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might well own a piece of it the easiest way, the easiest way.
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And I for the longest time I had Exon Mobile in my portfolio and The
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reason is because there's a lot of Exons around my house, and I buy
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a lot of their gas, and I pay for their profits. I might
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as well own a piece of it, right, get some money of my
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money back, um, and and and and for me and my method,
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the way I teach, the way I coach it um is to make it
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very personal, because investments personal for you. Generally, you'll do the right
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thing by yourself because you're you're you're doing it for yourself, right. And
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my big thing with with Xon was they just they just weren't expanding to other
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forms of energy. They which it was all about oil always, you know.
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So I shifted out of them and got one that was more more integrated
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to other forms of energy including gas of natural gas and solar and battery and
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hybrid kind of technology. So that's the way I invest I invested. I
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mean, make it persons yourself. I owned Boeing for years and years and
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years. I sold it. I got rid of it with the with their
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debacle around the Max and it's still going on. I mean, they handled
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that about as poorly as you can handle it. The government handled that about
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as poorly as they could have aided a lit So tell us Dan, who
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did you replace Xon with the Southern Company? The Southern Company integrated Energy vertically
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integrated energy utility at one time? Yeah right, all right, how do
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you like FP and l FPL, which is I don't I don't know them.
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I don't follow that. I'm in Florida, so I follow him every
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month because I get a bill. But so, looking at yeah, that's
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the way to do it. Look at it utilities, and it's probably the
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best utility in the country. Um. But looking at utilities here, and
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they moved to EVS, it's very similar. And you raised it to Obamacare
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effectively, it's an energy Indeed, all right, your healthcare sucks. We're
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going to give you a new, better version, which isn't but we're gonna
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put ten times more government dollars into it. Here, your ice car is
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garbage, it's killing the children. We're going to put you into EVS,
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and we're gon we're gonna make it irresistible for you to buy an ev We'll
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even give you seventy five hundred dollars. So obviously, the Teslas of the
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world are going to compete on a business to business basis, and they'll either
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succeed or fail. Right now, Tesla is a huge winner from this velvet
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velvet fist of the government, and I probably believe that it will be longer
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term as well, because they get the whole electrification thing, they've built a
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company around it. But downstream from there, who's going to be the biggest
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beneficiaries. It's going to be electric utilities has to be not so much from
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the standpoint of their biggest power producers, which they are, but they're going
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to be the intermediaries of people that produce alternative energy, and they're going to
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get their cut way more than they deserve because the way Florida's set up,
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they're going to clean up on this thing that, Yeah, they're going to
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get tons of subsidies. So the best electrical utilities out there, particularly in
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the southeast southwest where governments are less mettlesome and punitive and they're recouping their investments
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and turning a profit, FPL has got to be number one. Plus they're
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literally their headquarters four miles down the road from me. Yeah, exactly,
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And you know, you're right, I agree one hundred percent. I mean,
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I'm not a big fan of energy. I mean, you know,
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I'm a I'm a I'm a CFO, financial analyst, whatever you want to
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call me. Right, energy is a completely different balance sheet. I mean,
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it's always given me problems to assess the reason why I own an energy
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company. And I don't love energy as a whole as an investment because I
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can't understand it right the financials as much as i'd like to. It's because
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it's in the market. It's a big piece of the market, and I
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want to be a market diversified portfolio. So you know, that's the reason
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why I'm there. But I make very personal decisions and management of my portfolio.
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I sold Nike when they embraced the the colon Kaepernick kneeling at the flag
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thing. I just thought, you know, why would you want to turn
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off why would you want to turn off half of your you know, you
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know, half of your customers in the biggest market in the world, America.
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I just I thought that was a bad move. But you know,
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you know Boeing, with the way they handled the Max that's scared the heck
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out of me. I mean as an investor, you know, I sold
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that. I got into Lockheed Martin because I needed that that market allocation.
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So, like I said, my fifteen fifty one method gives you that blueprint
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of the of the market segments that you need to cover to be market diversified.
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So I know when I pulled something out, I need to replace it
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in this market or when the DAO changes. You know, the Dow goes
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through its changes just like every other portfolio, and when the DAL changes,
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they change the definition of what the quote unquote market is. So I make
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my adjustments based on it. You know, got it? All right?
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So um, all right again, tell us the book, and I assume
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it's available wherever fine books used to be sold down. You know it's it's
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available on my website, Lose your Broker dot com. It's lose your Broker
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now your money. Check it out. It's easy to read, simple to
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do, it works, and you know I'm there to coach and support.
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So it's it's pretty much got everything you would need to take investment by the
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reins for yourself and start outperforming because the Wall Street model is broken and it
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doesn't work and it's made for them, not you. A little different.
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Think that all right? Hey, you got a question for Dan, shoot
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me an email kl at carry luz dot com. Make sure you go to
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the site. You'll find the link to Dan's site there Financial Survival Network dot
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com. It's right in the show notes. And while you're there, sign
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up for your free newsletter. Yeah, a pleasure. We will definitely have
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you back on and appreciate your coming on anytime. Carrie. Thanks, take
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care, Thanks for listening to Carrie Lenz's Financial Survival Network, your solution to
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today's trying times. For the latest, go to Financial Survival Network dot com.
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Financial Survival Network now more than ever,