Ericherrmann

Ted Bauman: The True Simplicity of Wealth Preservation

Ted Bauman is a man whose life experiences have led him to believe that society should take care of those who lack the advantages of the elite. At a young age, he worked physically hard at entry-level jobs. These humble jobs would instill in him a true respect for those who lived paycheck to paycheck. As a young man, he went out to see the world. He did work for Habitat for Humanity in Central America. He would earn his Economics degree while studying in South Africa. In his professional career, he worked in many nonprofit organizations and took leadership roles in housing projects for the poor. After many years of building his resume all over the world, he returned to the United States and is currently a contributor for Banyan Hill Publishing.

Ted Bauman is an expert in wealth preservation a low-risk investing. He believes in a level playing field where it is not only the savviest investors who can do well for themselves. One piece of investing advice he gives is that investors should not shy away from bonds. Many people will go straight to putting their money in stocks, avoiding bonds altogether. This is because many people don’t understand how bonds work. Ted Bauman points out that in times of market turmoil bonds are a cushion in a financial portfolio and that there should be a proper weighting between bonds and stocks. Bonds pay interest and can provide an individual with an income stream.

Ted Bauman is also a believer in keeping a portion of one’s assets out of the reach of a financial institution. He wrote an article about a relative who had kept assets outside the banking system. Although his relatives’ assets were safe, he did believe his relatives’ wealth was vulnerable in a disaster and provided common sense advice for individuals to safeguard their wealth. He says an individual should have a fireproof and waterproof lockbox at home and keep a small percentage of their liquid assets there. He then points out that the very safest thing to do is to store a good portion of wealth in independent vaults that don’t have reporting requirements.

https://www.crunchbase.com/person/ted-bauman

Scroll To Top