Born in Washington, D.C., Ted Bauman is an editor at a publishing company named Banyan Hill Publishing. He is an expert in low risk investment strategies and asset protection. His work has been published by multiple journals around the world. Even writing for the United Nations, the government of South Africa, and other organizations in Europe. Ted is the writer of a blog at Banyan Publishing named “The Bauman Letter”, where he outlines tips on disaster-proofing your valuables. Bauman advises that even if there is a low chance of theft or destruction, you should the necessary steps to protecting your liquid assets. Visit Ted Bauman at thesovereigninvestor.com to know more.
- Safe or Lockbox
One great option to protecting your assets in investing in a fireproof/waterproof home safe or lockbox. Many safes can be customized to hold the type of items you have and can even be bolted to the floor. Ted Bauman advises that diversifying your wealth management is the bet strategy and not to keep all your eggs in one basket.
- Safe-Deposit Box (U.S.)
U.S. banks offer safe-deposit boxes that securely store your valuables. They are locked away safely, but available anytime at your request. Something to consider before getting a deposit box is that the items need to be independently insured, because they are not insured by the FDIC.
- Safe-Deposit Box (Foreign)
Another suggestion by Ted Bauman is to store things at a foreign bank. For example, Switzerland. This country’s jurisdiction protects people from government confiscation and are not subject to court orders.
- Independent Vault in the U.S.
These are storage vaults not associated with financial institutions. They are not regulated by the government or courts like banks, giving the client an extra layer of security.
- Independent Vault in a Foreign Country
Ted Bauman suggests storing valuables in a foreign country’s independent vault. It may even be a better solution because it is not regulated by the government or the IRS. Places such as Singapore, Austria, and Switzerland are renowned for their asset storage facilities.