Jeff Yastine has spent nearly his entire career as a financial journalist. Over the course of his career, he has learned about numerous investment opportunities and has had the chance to gain experience by working directly with investment experts such as Warren Buffett and Steve Forbes. He first gained fame upon receiving an enemy from his work on The Nightly Business Report. Since then he has published numerous articles on financial advice including his recent advice column Total Wealth Insider. Total Wealth Insider is published by Banyan Hill Publishing Company one of the world’s leading publishing companies specializing in investment advice. Visit stockgumshoe.com to know more.
Currently, Jeff Yastine has become most famous for a recent viral video in which he informs individuals about a unique investment opportunity capable due to IRS code 852. IRS code 852 allows individuals to cut out the middleman and invest directly in a company without using a broker. IRS code 852 first came into existence during the presidency of John F. Kennedy. At the time the American economy was struggling with rising unemployment and little to no GDP growth. Kennedy understood that in order to stimulate the American economy he would need to implement a plan that would increase the engagement of the average American investor in the stock market. As a result, he implemented IRS code 852 and created the existence of Direct Stock Purchase Plans also known as DSPP. Jeff Yastine learned about the existence of Direct Stock Purchase Plans and quickly realized the potential of investments using this special method. As a result of cutting out middleman involved investment transactions, you are able to invest without paying a hefty commission to a broker. Not only are you able to eliminate commissions from your investments but in many cases, companies that allow investment using Direct Stock Purchase Plans will actually sell their stocks at a discount, sometimes up to a 5% off from the regular market value of the stocks. Visit the website jeffyastineguru.com to learn more. It is quite obvious that investing at a discount while also eliminating commissions from your investments can yield significant returns compared to typical investments utilizing a stockbroker.
In his video on Direct Stock Purchase Plans Jeff Yastine coined the term Kennedy Accounts. Any time you hear the term Kennedy Accounts you can understand that these are simply referring to Direct Stock Purchase Plans. While it is certainly possible to invest successfully utilizing these Kennedy Accounts, it is important not to invest more than you can afford to lose.