Jeff Yastine on Investing With Kennedy Accounts

“I am honored to use all my life experience to help everyday Americans protect and grow their wealth…” said Jeff Yastine. Jeff wants to help you invest in the stock market. He wants you to know about the Kennedy Accounts and how they might be your path to building your wealth.

Who is Jeff Yastine?

Jeff Yastine is a former financial journalist for the PBS Nightly Business Report. In that role, he interviewed many successful investors and business owners. He also talked with economists from respected universities. His experience with this broad group of experts led Jeff to become a sought-after financial advisor. He is now the editor of Total Wealth Insider at Banyan Hill Publishing. View Jeff Yastine’s profile at LinkedIn.

What Are Kennedy Accounts?

When John F. Kennedy ran for office, the economy was sluggish. One of his campaign promises was to “Get America Moving Again.” Kennedy created IRS Code 852 which allows you to purchase stocks directly from the company. The official name of the program is Direct Stock Purchase Plans(DSP). Although almost everyone has heard of E*TRADE or Charles Schwab as brokers for stock purchases, few realize they can purchase stocks directly. Part of the regulation setting up DSP’s prohibits companies from advertising their Direct Stock Purchase Plans. Jeff Yastine’s research shows that over 1200 companies have plans that allow you to buy stock directly, often at a discount.

How Does It Work?

Those interest in directly buying stocks do so through the company’s Direct Stock Purchase Plan. Once purchased, the good news is that when a company has a stock dividend, it is automatically invested back into your account, buying more stock for you. As time goes on, your additional stock purchases and the purchasing made by your stock dividends accumulate. When held over time by a growing company, your initial small investment grows larger. All your funds are put towards the investment as there are no broker fees. The middleman stockbroker and his charges are not in the picture with Kennedy Accounts.

Total Wealth Insider

With 1200 companies offer Kennedy Accounts/DSP’s it may be a challenge to select the best one for your financial goals. Jeff Yastine publishes Total Wealth Insider, a newsletter that analyzes profitability and advises on the best return on your investment. Jeff Yastine found five companies offering Kennedy Accounts that he believes are among the best performing investment opportunities. Jeff has over 50,000 followers who often rave about his financial advice. Read more on Talk Markets: http://www.talkmarkets.com/contributor/Jeff-Yastine/