The Importance of Asset Protection With Ted Bauman

Ted Bauman, who currently is an editor for Banyan Hill Publishing, has a unique and broad work history. Growing up he spent several years working at a Burger King, a gas station and McDonald’s. These humble jobs would enable him to gain an appreciation for the working-class individual. He earned degrees in History and Economics from the University of Cape Town in South Africa. He helped start Slum Dwellers international during the time he spent with Habitat for Humanity, which today helps over fourteen million people. In his later career, he has had work published in several popular journals and has written for the United Nations. He is currently the editor of the Bauman Letter and his area of expertise that he enjoys writing about is asset protection. Ted Bauman recently had written about a relative who had passed away and had kept much of their wealth outside the reach of financial institutions.

Ted Bauman advises people to store some of their wealth at home that is out of the reach of the financial institutions and the government. Theft can be a risk to storing wealth at home, so to remedy this, he advises an individual to invest in a fireproof and waterproof lockbox. He says most of your assets should not be kept at home, but a small portion is prudent. He recommends that individuals open a safe deposit box. Opening a foreign safe deposit box can be ideal if it is in a safe jurisdiction that would protect their clients from a government trying to seize their assets.

For the assets an individual does keep in financial institutions, Ted Bauman advises that an individual invest in bonds and stocks. He noted that people avoid bonds due to lack of understanding. Bonds can give an investor a stream of passive income like dividend investing. Having all your wealth in stocks can be detrimental if the market were to crash. In the event equities decline, bonds can act as a cushion for an investors portfolio and hedge against some of the losses they take in stocks. He says that investors should still have stocks for when the stock market is booming for capital appreciation. Ted Bauman Explains 3 Possible Stock Market Crash Outcomes

Leave a Reply