There’s a lot of challenges facing investors today because with all the events happening in the world, your assets sometimes need to be stored outside of bank accounts and traditional investments. Ted Bauman, a Banyan Hill editor writes about this often in his newsletters and free articles on the website. His recent recommendation is about not only keeping physical cash, precious metals and other valuables, but also about investing in security measures to keep them safe. Visit Ted Bauman at medium.com to know more
Ted Bauman first recommends home safes as a means of protection because they can have different levels of locks on them, be concealed in certain areas of your home, and also withstand extreme water or fire damage. But for those who want to keep their assets in a more carefully guarded location where they can be retrieved at any time, bank safe deposit boxes are an even better option. If you want to make those assets even safer and not likely to be seized, Bauman recommends possibly storing them in a foreign bank’s deposit box or upgrading to vault storage which is even more secure and offers some protections against tax laws. Foreign vaults such as the New Zealand Vault Bauman mentioned have services that also include selling precious metals and then moving them into the vault immediately. Though he does warn readers to be careful about scams in that field.
Ted Bauman did a lot of work in finance and real estate planning around the world for much of his professional career. Born the US but a longtime resident of South Africa, Bauman received his bachelor’s degree from Cape Town University and then joining different groups that worked with government agencies. He wanted to help very low income people find housing even when the local economies were very much against them. Bauman helped found Slum Dwellers International which has projects completed in 35 different countries and has served millions of people. He also was an international director of housing for Habitat for Humanity for a few years, and he also worked as a consultant for groups with the World Bank, the UN and several European grant agencies.
Ted Bauman retired around 2013, but he had learned a lot about real estate investing and ways to diversify and protect wealth assets during his travels so he decided to write about them. He decided to write for Banyan Hill because their mission in providing wealth information is to help readers do it on their own. Batman’s newsletter, “The Bauman Letter” has become one of Banyan Hill’s more popular editions. Learn more: http://sovereignsociety.com/meet-the-experts/ted-bauman/