Ted Bauman on Where to Store Your Liquid Assets

Financial expert Ted Bauman is helping people keep their assets safe from natural disasters with some tips that can be a life saver. In his newsletter The Bauman Letter Mr. Bauman shares these tips to make sure your liquid assets stay with you.

You can put your assets in an independent vault in a foreign country. Your assets will be safe from IRS requirements or government regulations if you decide to do this. This means you do not need to report any of your precious metals or cash according to a law. You can look it up and it is called the Foreign Account Tax Compliance Act. In some countries you can even have your vault made custom. Isn’t that neat? The next tip is to put your assets into an independent vault in the United States. The great thing about these particular vaults is that governments agencies cannot look in your vault because they are have absolutely no obligation like banks and financial institutions giving them a lot more security. Who doesn’t like that?

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Although Ted Bauman does not recommend storing your assets at home, if you do get a fireproof and water proof lockbox or safe. This will keep them safer than just storing them in a shoe box and can keep them intact from natural disasters like fire and water. Also, Ted Bauman suggests not putting all assets in one place because if stolen, you will lose everything. Another way you can store your liquid assets are in a safe deposit box at your bank or even in a foreign bank. Having your assets in a safe deposit box at your bank is far better than keeping them in your home, but has a few drawbacks that are important to consider. If decide to store your assets in a foreign safe deposit box will be safe from government confiscation. Learn more about Ted on Forexvestor.com.

Ted Bauman attended The State University of New York where he was able to receive a BS degree in Business Administration. From there he achieved a Master’s in Finance from Georgia State University. He also attended college in South Africa but did not get a degree there. Visit the website tedbaumanguru.com to learn more.

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