A key ingredient of the Missed Fortune concept involves the application of the “Laser” principle to all financial vehicles. Liquidity, safety, and rate of return should provide the foundation for any decisions made. Through workshops, online videos, and bestselling books, company founder Doug Andrew explains this Missed Fortune principle that can help an individual realize his or her unique “missed fortune.”
Today, Missed Fortune ’s founder answers a few questions regarding his well-known liquidity test. Will you pass?
Q: Explain the Laser test you talk about in your Missed Fortune materials.
Doug Andrew: In the Laser test, the team at Missed Fortune tests financial vehicles to see if they pass these three steps: first–liquidity, then safety and finally, rate of return. Tax benefits are icing on the cake. People tend to put those in reverse order, but Missed Fortune concepts stress the importance of this particular order.
Q: In the Missed Fortune educational materials, you mention sixteen categories of investments from lowest risk to highest.
Doug Andrew: Yes. Missed Fortune uses a risk-return paradigm. We list sixteen categories of investments and apply the liquidity test to each. Many do not pass the liquidity test. Even more don’t pass the safety test and many more don’t pass the rate of return test. There are only three survivors.
Q: What are those survivors?
Doug Andrew: The Missed Fortune team has found that some are mutual funds that meet all three of those tests. Some are annuities and some are maximum funded insurance contracts.
Q: Where do you put your own money?
Doug Andrew: As I explain in the Missed Fortune videos, my serious cash goes into maximum funded tax-advantaged insurance contracts structured correctly.
Q: You’ve found that’s a wise financial tool?
Doug Andrew: Yes, I have. In fact, over the past 38 years, I’ve averaged 9.2 percent, and I’ve netted cash-on-cash 8.2 percent totally tax-free.
Q: Is this something anyone can do?
Doug Andrew: With the proper knowledge, yes. However most financial advisors do not know how to structure a maximum funded tax-advantaged insurance contract that experiences a rate of return like that. Missed Fortune has walked quite a few people through doing this.
Q: From what I have read, Missed Fortune stresses the importance of always having access to your funds. Can a policy holder have access to his funds with insurance contracts?
Doug Andrew: Absolutely. One of the most liquid vehicles available to individuals is an insurance contract when structured for liquidity. Not only can you access your funds, you can do so with just one phone call or electronic fund transfer. Missed Fortune can’t emphasize this enough.
Q: Especially in the case of an emergency…
Doug Andrew: Exactly! That’s why liquidity is number one in Missed Fortune’s test. Whether it’s a hurricane, tornado, or you just planning for your future, it’s important to always have access to your own funds.
Missed Fortune is a wealth attainment strategy created by wealth and retirement planning expert and NY Times Best Selling Author, Douglas Andrew. Andrew has developed a detailed and comprehensive action plan that allows individuals to establish a positive net income stream. Andrew is an acclaimed public speaker with over 30 years of experience in Estate Planning, Business and Tax Planning, Accounting, and Economics.