Ted Bauman Talks About What Many Investors In Cryptocurrencies Didn’t Realize

Ted Bauman of Banyan Hill Publishing has been helping investors since 2013. He writes about ways to invest that are low-risk while still garnering decent returns. He also writes about how to protect your privacy and the effects of international migration. He studied economics and history at the University of Cape Town in South Africa. He has advanced degrees from both Georgia State University and The State University of New York.

One area that Ted Bauman has written about is cryptocurrency. In particular, how people that invest in these assets have grave concerns when it comes to the IRS. He wrote about how a fair number of people became millionaires in 2017 when the value of many digital currencies exploded. Bitcoin, for example, shot up by 1,500% in value before its value collapsed. One of the big issues these people face is that there are tax implications when it comes to buying and selling cryptocurrencies, something that most of them didn’t realize when they decided to start their activities.

When the value of bitcoin spiked in December 2017 some people took their gains and invested the money in other digital currencies. These investors have lost quite a bit of money as the market has cooled throughout 2018. However, when they sold their digital currencies they created a taxable event and the IRS couldn’t care less that they have since lost money by betting on other cryptocurrencies. They will mostly have to cash in on their devalued cryptocurrencies in order to pay their tax bill.

When Ted Bauman had been one of World Bank’s urban planners he developed the skills to be a leader. He says that part of being a leader is developing a balanced viewpoint and taking the long view on things. He says that when this comes to investing he things that stocks are currently overvalued by the market. He says that he expects they will decline at some point in the upcoming year so that they are at a more reasonable price-to-earnings value. Ted Bauman says it is too late to adjust your investments once this decline starts so he thinks all investors should adjust their portfolios now for upcoming declines.