Kennedy Accounts may seem like something that is too good to be true however upon investigation these Kennedy Accounts are simply a term that he coined in reference to an investment opportunity first created under Pres. John F. Kennedy. In the 1960s during the presidency of John F. Kennedy, there were troubles in the American economy. Unemployment levels were rising, and the overall growth to the GDP for the United States of America was relatively low. Kennedy was well aware of the effect that the stock market had on the overall health of the American economy and knew that in order to stimulate the economy back to higher levels of productivity that he would need to implement some legislation that would increase the level of investment from regular mainstream Americans. In order to accomplish this goal, John F. Kennedy created a new portion of our tax code referred to as IRS code 852. IRS code 852 allows investment directly into a company cutting out the middleman involved by investing through Wall Street. These investments are formerly known as Direct Stock Purchase Plans or DSPP.
Whenever an individual utilizes a Direct Stock Purchase Plan, they are able to purchase stock directly from the company itself rather than the typical method of utilizing a stockbroker. The effect of purchasing stock directly from the company itself is twofold. First, by eliminating the middleman typically associated with stock purchases individuals are no longer required to pay a commission on stock purchases. This eliminates one of the most significant costs associated with a regular investment. Additionally, whenever you purchase stock through a DSPP, you are able to typically purchase the stock at a discount compared to the conventional market value of the stock. In some cases, companies sell their stock at up to a 5% discount from the regular stock value. By purchasing the stock at a discount in combination with the elimination of fees you are able to generate significant returns by investing through these Kennedy Accounts. Read this article at Hi-Tech Chronicle.
Any individual who has paid attention to investment advice editorials has more than likely heard of the name Jeff Yastine. Jeff Yastine first rose to prominence after receiving his Emmy nomination for his work on The Nightly Business Report. Currently, Jeff Yastine has been in the headlines due to a recent viral video in which he informs the public about the existence of a unique investment opportunity through something that he calls Kennedy Accounts. Read more at Daily Forex Report about Ian King.