Financial Expert Ted Bauman: Strategies to Protect Your Assets
Financial expert Ted Bauman recommends keeping part of your wealth in secure safe deposit boxes at banks and foreign vaults to protect your money from disaster scenarios. Bauman has spent his entire career helping people to protect their resources, so his recommendations influence many investors. He attended the University of Cape Town in South Africa where he earned postgraduate degrees in economics and history. An economist by trade, Bauman worked for many years in South Africa in executive roles for low-cost housing projects, hedge funds, nonprofit companies and even urban planning. He returned to Atlanta, Georgia, in 2008 and later joined Banyan Hill Publishing where he edits “Alpha Stock Alert,” “Plan B Club” and “The Bauman Letter,” which has more subscribers than any other newsletter published by Banyan Hill Publishing.
In The Bauman Letter, Ted Bauman provides real-world guidance and counsel on investing. He prides himself on staying away from sensational promises and the assuredness of massive payouts. What he does guarantee is the ability to make wise, informed investments under the guidance of one of the industry’s most trusted financial experts. Using what Bauman calls the Infinite Nest Egg system, a personally developed system for setting oneself up for financial security now and in the future, Bauman’s newsletter features a holistic approach to investing that involves looking at the past and present in order to predict the future.
Bauman recognizes that investors of all backgrounds and experience levels are extremely cautious about where they place their trust. He emphasizes that he is not in the business of making extravagant promises of instant wealth, but rather in sharing tried-and-true principles that have been proven to work for investors in the past.
The Bauman letter uses advisory research to identify investment opportunities around the globe, all designed to help investors set up their own personal nest eggs. It comes with standard financial advice features, including monthly briefings, portfolio examples and modelling systems, alerts on major trades, updates on a weekly basis, a members-only community, daily tips, and a robust customer service network.
But the Bauman letter has also become notable for offering unique value, including the Infinite Nest Egg system that Bauman created himself.
The Bauman letter is designed for those who want to safeguard their wealth and insulate it from potential nationwide or worldwide events, from recessions and crashes to general financial instability concerns. It’s also designed for those who are unsatisfied with the amount of returns they’ve been getting from their current investment and want to take those returns to the next level, and the level after that.
The Bauman Letter is an exclusive newsletter that is only available for 1,000 spots each year.
But fortunately, Bauman occasionally makes his expert guidance available entirely for free to the public at large. Recently, he’s been speaking on the subject of protecting your investments and insulating them against potential risks.
Safeguarding Wealth from Political Turmoil, Economic Chaos and Other Disasters
Protecting your wealth is critical in today’s uncertain times, and Banyan has long been an advocate for diversifying and protecting assets. Economic and political mayhem can result in losing a great part of your wealth or having your funds frozen for an uncertain period of time. Shifting some assets into precious metals and jewelry is a sound way to diversify your portfolio without the risks of converting assets to cash. At a minimum, Bauman recommends installing a large safe to store liquid assets and weapons for self-protection. He warns that “it’s worth contacting a safe contractor to see about your options in this respect.”
The importance of diversification comes from its ability to protect you from a single event suddenly wiping out the entirety of your portfolio. By moving your investments into a wider range and spectrum of opportunities, you’ll be insulated from major losses in other areas if one of your investments suddenly tanks in an unexpected way as the result of unpredictable events. And in a world filled with political turmoil, economic uncertainty and disasters occurring on the regular, diversification has never been more important for individual investors than it is now. But how can you diversify your portfolio that’s effective and will still continue to provide impressive returns today and in the future?
Bauman believes in diversifying your assets in multiple ways, and strongly recommends putting some of your assets into secure outside storage options. He has advocated this approach frequently over the years in “The Bauman Report.” The storage options that Bauman recommends include safe-deposit boxes at U.S. banks, safe-deposit boxes at foreign banks, vaults at nonfinancial institutions and foreign vaults. There are sound reasons for each of these recommendations.
While the idea of placing assets into safe deposit boxes may sound like the advice in a post-apocalyptic movie, research has shown that these are effective ways to protect assets even in the case of minor tribulations within the market. By keeping assets safe in places that are insulated from market crashes and other major events, you can rest assured that your nest egg will be protected no matter what the future holds. This is a powerful way to feel confidence in your assets and know that no matter what happens, you’ll be able to depend on them to get you through down the road.
With that in mind, let’s look at some of the options that Ted Bauman recommends for keeping your assets safe. We’ll discuss bank safe-deposit boxes in the U.S., safe-deposit boxes located in foreign banks around the world, vaults located at nonfinancial institutions (those that aren’t banks), foreign-based vaults, and other options available to you.
Then, we’ll look at what Ted Bauman has to say about making investment adjustments at the mid-point in life in order to keep your financial goals in line with your reality. Finally, we’ll touch on some of the ways Bauman has contributed to his community and why he directs others to do the same with some of their assets.
So without further ado, let’s dive in.
Bank Safe-Deposit Boxes in the United States
Ted Bauman grew up in the United States but emigrated to South Africa where he spent 25 years. He has consulted with African and European governments, delegates to the united Nations and American economists on a wide range of economic issues. In 2008, he returned to the United States to work for a nonprofit organization as the director of international programs.
Bauman’s time spent traveling and living overseas have become a distinct advantage for him as an investor, as they’ve allowed him to develop a global perspective on financial trends, markets, economies, and how they all affect the investment picture. He often remarks that investors who only have eyes for the current state of the U.S. market fail to understand how global economies interact, affect one another, and point to future trends that can benefit smart investors. Bauman believes that his time spent living overseas and consulting with foreign governments has given him a unique perspective that’s informed everything he does as an investor, as well as the guidance and counsel he gives to subscribers to his investing newsletter.
After joining Banyan Hill Publishing, Bauman quickly established a reputation for providing practical advice to protect wealth and assets. Bauman recommends storing some assets in U.S. safe-deposit boxes because your assets are generally secure and easily accessible. They’re located in a physical location, which means that banks can’t use them to cover losses and they can’t simply vanish overnight if a bank takes a nosedive. This makes them a great bet for protecting a portion of your nest egg in the event that you should eventually come to need it. Safe deposit boxes have also been shown to be one of the safest places to keep assets, as banks feature advanced security and safety features designed to protect their investments and the assets of their customers. Imagine if a bank were to have a major security breach among their safe deposit boxes—their business would dry up overnight. That’s why you can count on them to make significant investments in the safety, security, and protection of their onsite safety deposit boxes.
However, there are some disadvantages to safe-deposit boxes as wellas well:
- Safe-deposit box contents aren’t insured by the FDIC, so you need separate insurance. This results in extra costs on your part, as well as the minor inconvenience of setting up the insurance yourself. Why this isn’t a major drawback, it is an associated cost that should be considered when deciding whether to opt for a safe-deposit box.
- U.S. safe-deposit boxes can be targeted for civil and criminal investigations. This means that even if you are not directly accused of a crime, something within your safety deposit box might be considered evidence, in which case you would be required to give it up for either a civil or criminal trial. While this is unlikely, it is worth considering when it comes to the future of your assets.
- There is the possibility of court-ordered confiscation of your assets. This is an understandable risk—when your assets are kept in physical form, they can be physically seized. Again, this is unlikely—but it can happen.
- The government could order banks to hand over the contents of safe-deposit boxes in a financial crisis. If things become extremely dire, this is a possibility. The government has the right to seize the contents of safe-deposit boxes in the case of a massive financial recession or depression.
Safe-Deposit Boxes in Foreign Banks
Safe storage at foreign banks has the benefit of an extra security layer against court-ordered confiscation of your assets. Swiss banks provide safe-deposit boxes when you open an account, and these banks are known for their strong security protections. Your assets are safe from U.S. government confiscation, and most jurisdictions won’t enforce orders from foreign courts. Any potential claimants would need to start a new proceeding in the jurisdiction where your foreign bank is located.
This is one of the risks associated with storing assets overseas—if any issues do arise, it’s always more complicated to deal with multiple jurisdictions, governments, and law sets when clearing things up. While it can hopefully protect you from court-ordered seizure, you do need to make sure that you’re informed and aware of the rules and regulations of the country where your assets are being kept. Ignorance is never bliss when it comes to storing your assets overseas.
Vaults at Non-financial Institutions
There are private vault companies that can give your assets an increased level of security in the United States. These vaults aren’t subject to the leverage that governments and courts have over the banking industry. In the United States, banks routinely surrender privileged information to the government. Private companies require a formal order from a U.S. or state court before they’ll supply this kind of information.
This can be a great protection if you’re worried about the possibility of having your assets seized. These private companies have much stronger positions when it comes to protecting the assets of their clients, and nothing short of a court order will get them to supply information about the assets stored in their vaults.
That said, some individuals and businesses are uncomfortable leaving their assets in the hands of privately-owned companies. But many of them are dependable and 100% trustworthy for keeping your assets safe in the short-term and over long periods of time.
Foreign vaults at private companies rank among the most secure storage spaces for liquid assets. You can store precious metals, cash and other high-value assets without being reported under the Foreign Account Tax Compliance Act.
This frees you from certain tax liabilities and also insulates you from having your assets seized in almost any case. This arrangement can be a bit more of a hassle to setup, but once you do you’ll enjoy one of the most secure possible storage spaces for your assets to stay safe until you need them.
Bauman Discusses Changing Gears in Mid-Life
Bauman admits that he enjoys helping people protect what they’ve earned regardless of their incomes and assets. That’s why he became a financial writer. Bauman’s father, Bob Bauman wrote on financial topics, but Ted Bauman was too busy in South Africa to follow his dad’s path to success during the first part of his life. During this time, Bauman had time-management challenges. Being employed in the public sector creates an extraordinary demand of anyone’s time and emotions. Bauman learned that boundaries must be set if you want to be more productive. It’s important to remember that everyone has different priorities, areas of focus, and investment goals in life. Those goals also change and evolve as we get older and enter a different stage of life. Don’t try to follow a path that’s not right for you—do what is right for you and your future and you’re sure to be rewarded down the road.
Bauman offered this explanation of the demands of working in the public sector, “ I worked in the public sector for many years as the executive director of a housing finance company that worked with very low-income households to construct housing. One of the things that we did was to try an intervention to help those communities develop financial management systems that would allow them to get the most out of the money they had available.” And isn’t this what investing is all about—getting the most out of our money? That’s the power of smart investing as well as the power of keeping your liquid assets somewhere safe and dependable where you don’t have to worry about them or your future.
After returning to Atlanta, Bauman eventually joined Banyan Hill Publishing in 2013 and finally found the time to try his hand at financial writing on a full-time basis. Bauman commented, “I travelled extensively in Africa and Asia during this period, developing a keen understanding of the relationship between political and economic dynamics in various societies. I’ve also published research and commentary in a number of prestigious international journals, including The Journal of Microfinance, Small Enterprise Development and Environment and Urbanization.” His time writing for these publications allowed him to dive deep on a wide range of issues that are important to him, and also allowed him to develop an even deeper layer of expertise when it comes to investing topics.
Bauman’s writing includes work for the “Smart Money” service, which is an ETF-trading platform, and “Alpha Stock Alert,” which is a stock-trading service. He developed a trading system with help from Wall street experts. The system provides real-time insights into the markets to help investors make wiser decisions.
Although Bauman espouses protecting your assets and living a sovereign life, he has worked tirelessly to give back to the community in a variety of nonprofit organizations. He helped to establish Slum Dwellers International, a group that helps low-income families find housing. The group has helped more than 14 million people in 35 countries.
Bauman has devoted years to helping people from all socioeconomic classes lead better lives. He advocates working hard to find ways to protect your assets from corporate greed, excessive taxes and governmental oversight. Vaults and safe-deposit boxes can provide security, flexibility and diversification for people trying to protect their financial resources.