John Delvecchio, Mister Johnny Dean, CEO discussed on The Ray Lucia Show
With Johnny dean in the house low. Hello, you got a busy hour. We got we have other people walking in here. We have groups come in through waving at us talking through their walk right in. Down. Bovine Ryan, raw what it was. The we we we've by five doing that. Yep. Walk right in. Okay. I've angel was wasn't it. We five did. Oh, no, no. When I woke up this morning, you're on my mind, mind mind. Yeah. So who did I walk right in set right down. Talk for thirty. Is the raylucia program is Johnny dean looks up. The come on John. Anyway, we do have a Gino pass through LA. I know. Yeah. Singers rooftops. Rooftops? Singers, exactly what I was gonna say. Gene pastula will be joining us momentarily. Gene. You know stuff, and he talks, well jeans are very very smart guy. But he's also a really funny guy, and he's been a friend of mine for golly about as long as you've been a friend of mine, that's a long long time working on on normally have friends that Long John friends. I don't hang out with anybody. Hey, let's jump into this investors are buying stocks and bonds at the same time, which means something the game. I don't like that story. Let's see. Oh, I got this in the mail. I guess it was last night. I saw early this morning. And it's a guy the name of John Delvecchio. He wrote me a personal letter. He did he didn't deer Ray dance. Exactly. Look at dear race, you say that. So this is a personal letter. Now, I know that this guy does newsletters and all that stuff. And usually I just a race them left for some reason, I read this letter, and I said Doug on it, Mr. Delvecchio, maybe my peop-. I don't know who talk speaking directly to you. He's speaking directly to me. So here's what he had to say. And I read this everybody and you'll understand the point when I get to the end maybe before that. Here's a trivia question for you. This is his comments to me. All right. What are the stock market due on August fourth nineteen ninety four? Oh, it was. It was either or. Sideways. Yeah. Yeah. This is my wife's birthday, by the way. So I wasn't paying attention to the stock market is paying attention to her as you should don't know me either. He says over time what happens the socks on a given day is meaningless yet financial news is reported every day as if it's a life or death situation. Here's a simple tip to vastly increase, your wealth. He's gonna tell me he's on vast vastly increase, my wealth. Stop watching the news all of them. He's right. Well, we've said -absolutely I realize the new news was bad in twenty eight when I came home from work early because I wasn't feeling. Well, I lay down on the sofa clicked on CNN's headline news for some background noise. That was your first mistake. The show ran in thirty minute loop. I lost count of how many people were murdered mugged and our rate the number of natural disasters underway, the amount of terror plots foiled the politicians who've done shady things and all the other generally bad stuff happening in the world. It was depressing. As I watched the news that day. I thought someone should launch the good news channel. That's us. John. Hey, the good news channel. Yeah. Anyway, he goes on we need a good foundation from which to work mini to consistently apply. Our method method if we want unbound wealth, we must think long term that's the only way to achieve the results we desire investing in financial markets has turned into a spectator sport. When I do on rare occasions watch the financial news often think it's like watching ESPN before the Super Bowl. But while the Super Bowl happens just once a year the stock market's open almost every week day of the year. The experts talk over each other. We know how to do that. Oh, sure we're putting on good at that. We do it all the time. You know, what I was doing national television. You're doing it long distance. And there's that slight delay, and it's horrible. It's terrible meetings. Just Abba conversation. It's almost like one of those old Godzilla movies where you're speaking. And you're saying something most of them are fancy suits with the perfect hair. You would be and they seem to know what they're talking about. There's also theatrics. For example. There's even a guy with bozo. The clown hair who rips heads off of stuff bulls and bears. It's literally a carnival show. Gee, I wonder who they're talking about. Clearly, the financial news is hazardous to your wealth. It's hazardous to your health to as multiple studies have revealed but the day to day fluctuations of the stock market casino need not impact are thinking. Watching the news could cause us to act at precisely the wrong time and do the exact opposite of what we should do one day stock market's down and the experts have an explanation for it. The very next day that explanation is refuted and the stock market goes up complex theories. Make the person explaining them seem smart, then we seem smart when we tell our neighbor or friends, all the complicated reasons, why the financial markets are doing this or that. Forget all that nonsense. It's counterproductive. Indeed. It's like a pickpocket if you don't know the level of the Dow Jones industrial average, you're probably way ahead of your market savvy neighbor, it's not relevant to building long-term wealth in thirty years. It will be completely pointless to know what level. The stock market indexes are trading today in three years, not even thirty years for someone that writes, newsletters, who's trying to get you to buy their newsletter. He's actually telling you the truth now next week when I get his letter it might be by this stock or do that. I don't know. But I was just impressed on giving him some props. John Delvecchio, you are one hundred and ten percent. Correct. Is it because somebody who's paying attention every day to the ups and the downs and all that tend to react. That's exactly what they do. And by the way, when you listen or watch the guy that you know, bikes the bears. Throws the chairs and all that stuff. Yeah. Compelling story is compelling. They're very smart people and articulate, and they talk about the markets and talking about the stocks, and the interview the CEO's and for the average brain like mine, you go guy seems to make some sense, but I can tell you almost unequivocally when you make moves based on something you see or hear or feel it's going to end up bad for you. But when you make long-term moves based on a strategy based on a plan based on something that's got substance behind it except some smart guy. Talking smart stuff. Then I think it's it's it's gonna drive you crazy. No less drive you to the poor house. The guy that bites the heads off and throws chairs and all that stuff. Wasn't. He the one back in two thousand nine hundred ninety nine had said, these are the twenty stocks or something. Ever. Dogs at every investor should own. Yeah. And of course, every single one of them. He emphasize. Yes. Yeah. Every one of them. I if I own no, no other stocks in my portfolio, and these are the ones I would have something you're quoting one of my old seminars, by the way, just in my head. You've got a great memory. I wish I had your memory. Well, I didn't even remember that you used to have my. Okay. What were they down? They were down ninety four percent or something like that. Was in that one year. That's right. That's not the fault. I mean, anybody could have guessed wrong. Well, the problem was that was the tech craze back and those technology stocks were on fire. And of course, you know, if you guess, right? You sound like you're a genius if you guess wrong, you say, no, no. I didn't mean that. I didn't mean gluttony by them. I just meant these are the top ten stocks that I think look pretty attractive right now. If you've watched me two months later, I said, no, no no seldom now. They were good for two months, you missed this signal one hundred and fifty bucks a month. And I would have given you the cell signal. But since you weren't part of my membership. You don't get it such a load of garbage. Anyway, we'll we'll talk more about this in the future. Let me tell you. What else is going on here mister Johnny dean. Yes. Investors may have a false sense of security. Do you know you were just yawning was boring. You don't know it has to do with being up since three something me to call me, Texas in Texas did a survey of seven hundred and fifty individuals in the US, according to David Guintaras CEO of US and Canada, Texas, a decade of rising markets, low interest rates and subdued volatility have given investors unreasonable expectations and a false sense of security their research, of course, suggests this at least half of investors, they said said. The long-term bull market bolstered their confidence that they're on track to reach.