Expert investor and economist Ted Bauman is pretty high on the stock of Paypal. calling it an investor’s best friend. He told the subscribers of his financial newsletters that many small businesses around the world now accept payments through PayPal or Stripe and he sees the trend continuing. Cash is no longer king because most people don’t want to deal with it. Many people have gone months if not years not buying anything using cash.
If people do use cash it’s just for small purchases in most cases. People pay for most things using debit or credit cards or an app on their smartphone. They will also set up things to be auto-payed from their checking account. Ted Bauman sees a lot of investment opportunities as people continue to abandon cash in the increasingly digital world.
As the use of cash declines, the $100 bill is becoming the most popular currency in the United States. This bill isn’t generally being used for spending, however, People are using $100 bills to save them. Ted Bauman says that there are better options for saving money than stashing it away at home in a bank account, something he has addressed in his newsletters before.
Ted Bauman worked in the South Africa nonprofit sector for more than 20 years. He was also a consultant who offered his knowledge regarding financial issues and housing. He has worked with entities such as the South Africa government, the United Nations, and the European Parliament. He once worked for Habitat for Humanity before deciding to offer his investment advice to DIY investors.
He says that traditional credit card companies like Visa and Mastercard aren’t good investment options. They are going to see their territory invaded by newer cashless payment platforms. Ted Bauman says Apple Pay and Google Wallet are both good options but there are better opportunities to be had.
He thinks PayPay is the best stock to buy. They offer a lot of benefits and are giants in the industry. He says that PayPal has managed to adapt and grow over time showing savvy management and the ability to engage with their users.