Douglas Andrew - Pitcher and Goblet

[LifeEnhancementChris]

This guy seems like someone to follow. He was doing something right before the shit hit the fan. Check out my video that I created about this man.

[eieio7777]

aldinga123 wake up and understand a truth. First of all I happened to partake of this mans teaching program and rather than run my mouth I invested to attend Doug Andrews 3 day teaching in Utah.

After getting the FACTS and total understanding of his system. My clients benefited from this system and STILL home their homes today. helloooo. How much equity did you lose in your home? Exactly!!!

People, the nay sayers are always running their mouth without knowing all of the facts!

[eieio7777]

YAWNNNN, some of these people making comments did not finish the video. Which shows how true the following is:  'The Worst form of ignorance is when we judge or reject something we know little or nothing about." that was in the preface of Douglas Andrew Missed Fortune book.

ALLL of our clients who did this strategy prior to the market dropping STILL own their home and still maintain access to their equity in annuities and insurance.

[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.

[fubecara]

BD's don't like this because Doug pushes Indexed Universal Life and BD's don't make anything off of IUL's, so I wonder what their issue might really be?!

[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?

[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!!!!!

[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.

[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.

[stemikger]

Never trust a man with dyed eyebrows

[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.

[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".

[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.

[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.

[Boytoru1]

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

[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.

[mobilni1]

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

[will2learn1]

Makes you think

[carver4151]

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