While cashless payments are a great convenience for millions of consumers, Ted Bauman of Banyan Hill Publishing believes that they are also fantastic opportunities for those looking to invest as well. Ted Bauman says that this is especially true for the company Paypal who is already well-established as a major player in the world of cashless transactions. While there may be some people in the world who still see it as just a way to pay for online auction purchases, most tech-savvy people have realized just how far the company has come since the early days of eBay. Fewer people are carrying cash in their wallets and it continues to become less and less popular for making purchases at stores.
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Ted Bauman believes that investors should be quick about buying Paypal’s stock as they are already on the rise and he believes that its value will keep going up. He believes that the support Paypal has for their price is going strong and that they are currently rebounding after experiencing a drop. This means that now is a good time to get a bargain on their stock if you make your purchase quickly. The momentum keeps growing and this means that investors could see some good returns from their investment if they get in while the price is still low. Ted Bauman believes that the price of the stock will keep going up steadily until it hits around $95. At this point, he believes that some investors will start seeing it as out of their price range.
There are several newsletters that Ted Bauman publishes through Banyan Hill Publishing that readers can subscribe to. These newsletters include The Bauman Letter, Alpha Stock Alert, and Plan B Club. He has gained many readers since he first joined Banyan Hill in 2013. His goal is to help average people in America get into investing and to make good decisions that will help make them money even if they aren’t that familiar with Wall Street. He offers advice on many different topics and backs it all up with a great deal of research.