Over the years Banyan Hill Publishing Company has crafted a reputation for itself is one of the world’s leading investment advice publishers. They have done this by employing some of the world’s best experts in numerous industries of the economy. Jeff Yastine is yet another individual that fits this description. While he has had a productive career for Banyan Hill Publishing Company by the time he was first recruited for the company he already had made a name for himself in the financial journalism industry. He first became a household name as a correspondent for PBS publication The Nightly Business Report. Jeff Yastine received an Emmy nomination for his investigative journalism regarding the underfunding of American road systems for his work on the publication.
He has since gone on to create several publications for Banyan Hill Publishing Company related to wealth preservation and low-risk high-yield investment strategies. He is currently the editor for Total Wealth Insider and is a regular contributor for several other of Banyan Hill Publishing Company’s investment advice publications. Read more about Jeff Yastine at Talk Markets.
He has most recently become popular for a video that he posted online which quickly went viral. In this video, he discusses and describes an investment opportunity which he has named Kennedy Accounts. While the name Kennedy Accounts is a unique creation of Jeff Yastine himself, the investments of which he speaks are all but fictional.
Kennedy Accounts refer to an investment first created under the Kennedy administration in the 1960s. At the onset of Kennedy’s presidency, the American economy was experiencing some of its most significant struggles since World War II. The nation had a stagnant GDP which had been holding flat for several years, rising unemployment, and a declining value in its stock markets. Kennedy realized that in order to combat these effects he would need to enact swift legislation that would help to stimulate the American economy. Chief among these was the need to improve American investor engagement in the stock market. Visit Kennedy Accounts to know more.
In other words, people who have run out of options — but still need to borrow cash.
— Jeff Yastine (@Jeff_Y_Guru) April 10, 2018
This desire to increase investor engagement led to the creation of IRS code 852. IRS code 852 created a new form of purchasing stocks referred to as Direct Stock Purchase Plans. These are also known as DSPP. They allow an investor to purchase stock directly from companies. Currently, there are over 400 corporations in America that participate in Direct Stock Purchase Plans. By purchasing stock via Direct Stock Purchase Plans an investor is able to eliminate the commission fees typically associated with using a stockbroker and received stocks at a discount from the companies of up to 5%.