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Douglas Andrew - Pitcher and Goblet

Uploaded by: missedfortune
Video Description:
Famous metaphor often used by Best Selling Author Douglas Andrew, he illustrates the principal that equity has no rate of return, showing the true value of your home or other property. Contact info: Missed Fortune, 888.987.5665, www.missedfortune.com

Tags for this video: Andrew Chance Doug Douglas equity Fortune Goblet Last Millionaire Missed no Pitcher rat return

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I never thought of ... ( 1 year ago by carver4151)

I never thought of it this way! I will never let that much equity build up in my house again.

Makes you think ( 1 year ago by will2learn1)

Makes you think

I don't understand ... ( 1 year ago by mobilni1)

I don't understand this - can you perform in desert - only with water.

Very nice. All it ... ( 1 year ago by youwillobeyus)

Very nice. All it takes is one person to make it simple. And to make people realise how easy it is. Forget complications. Save 10% of your pay check and pay yourself first. You just have to be dedicated.

The general ... ( 1 year ago by busybee64)

The general strategy is sound. But I would avoid any kind of annuities or life insurance scheme, which typically have high fees, high surrender charges and are sold by advisers who are particularly keen to close a deal because of the high front load commissions.
I would instead borrow interest only, and then invest in a very diverse mix of stocks and tax free bonds that essentially have the same effect. You can buy ETF's that are as liquid as anything.

Certain Life ... ( 1 year ago by missedfortune)

Certain Life insurance policies, when structured correctly (big emphasis), will absolutely compete with mutual fund rates - because they can be accessed tax free! The bigger issue, of course, is safety and liquidity - we NEVER recommend that serious cash be put in jeopardy within the stock market. This is all fully explained in the book "Missed Fortune 101".

It is absolutely ... ( 11 months ago by RayMartinCerimeli)

It is absolutely true that EQUITY HAS NO RATE OF RETURN. You retrieve equity tax free when you refinance. Otherwise stagnant equity grows tax free as cash value in a fixed indexed life insurance policy. It can be withdrawn tax free when you need it no matter what your age. Best of all when you pass away it blooms to several times your original investment and transfers to your heirs income tax free. This is arbitrage at its finest and an excellent retirement and estate planning strategy.

Never trust a man ... ( 9 months ago by stemikger)

Never trust a man with dyed eyebrows

this is straight BS ... ( 7 months ago by moneymonk33)

this is straight BS
He did not factor in that you still have to make payments on that eguity that you cashed out if you make money or not, and what if the heloc interest rate change, well you're screwed!
if everything goes perfect, you can make money, but if something goes wrong, lose your job, or gain less interest rate. again you're screwed!!!!!

MoneyMonk33 please ... ( 7 months ago by Boytoru1)

MoneyMonk33 please finish the video before making such a comment. At 4:25 he says "there is a cost!" an employment cost to borrowing the money. He does factor this in.
Where did you get that this is a heloc? Please tell me at what time (X:xx) he said that he uses a heloc to cash out the equity.

it is true that ... ( 7 months ago by Boytoru1)

it is true that there are insurance advisors that use this concept with the WRONG investment vehicles like whole life insurance.

I wish that I had ... ( 5 months ago by aldinga123)

I wish that I had been part of the audience that day. As a CPA and a CFP I would more than likely loose my certification if I was ever to convince my clients to take cash out of their home and invest it in a life insurance policy, which is really where he is going with this. I am sure that Mr Andrews and his network very are well compensated by insurance and mortgage companies for their referrals. How does this guy live with himself?

With falling ... ( 4 months ago by stuart1116)

With falling property values and lending tightening how easy really is it to get someone in the current market conditions to pull equity out of a home? As a Financial Advisor who is also licensed in securities with a broker dealer I find that most BD's will not allow an advisor to use this strategy.

With falling ... ( 4 months ago by stuart1116)

actually if you ... ( 3 months ago by fubecara)

actually if you lose your job this is the perfect reason to do this! If I have access to money on the side rather then crammed in my home then when I lose my job I can tap into that cash rather then lose everything! What is straight BS is when people don't finish watching the video and then make comments on the first 10 seconds.