Ted Bauman is the Editorial Director at Banyan Hill Publishing. The financial guru also serves as the editor of multiple publications at the company including The Bauman Letter, Plan B Club, and Alpha Stock Market. Bauman has spent a large portion of his career helping others achieve financial freedom. He wholeheartedly believes that everyone can control their financial destiny with some effort. If he can help guide just one person towards financial success all his hard work is worth it.

Recently, Ted Bauman wrote an article on the dangers of cryptocurrencies. One of the main points of the articles was the varying mindsets of investors. Though the vast majority of investors play it safe and learn everything they can about an investment before they act there are those who are willing to take gambles. The steady more careful investors tend to follow the same set of guidelines and study the investment environment intensely. While gamblers tend to follow their gut. A misconception is that gamblers rely solely on luck but this is untrue. Any good gambler takes calculated risks and are willing to get burned if things go bad.

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His article really changed in tone when talking about those who are desperate and are driven by debt on plus.google.com. Many of these desperate investors have put all their eggs in the cryptocurrency basket and have put themselves into an even deeper hole.

For instance, cryptocurrency company Ether’s stock increased by 25% in less than 6 months but then crashed soon after. Though it has bounced back to a degree its crash shows how fragile the cryptocurrency market is. Yet, 20 brand new cryptocurrencies are proposed on a monthly basis according to thesovereigninvestor.com. Anyone with half a brain knows each one won’t be able to succeed, but many people are still willing to dole out money in hopes that their investment will strike it big.

Bauman has done his fair share of traveling in his life. He was born in Washington, D.C. raised on Maryland’s eastern shore and currently resides in Atlanta, Georgia. He received his post graduate degree in Economics from the University of Cape Town in South Africa.

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