"Kennedy Accounts" - Legit Investment? [Review]

Welcome to my review of Jeff Yastine’s presentation on Kennedy Accounts.

Jeff presents them as the “Wall Street’s Best Kept Secret” capable of “turning a small stake into as much as $1.19 million.

When I came across an advert for the presentation, I wanted to see what these mysterious accounts were all about. So I researched the concept and put together this review sharing my insights.

Keep reading below to get all the info.

Before we start…

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Table of Contents

What is Kennedy Accounts?

Kennedy Accounts is a video released by Jeff Yastine of Banyan Hill Publishing. In the video, Jeff reveals how John F. Kennedy created special accounts that were meant to stimulate the American economy.

Before we go any further, you can check out my review of Q Shares, a presentation made by Jeff Yastine.

He says that when Kennedy was running for office, the American economy was in bad shape. The GDP was stagnant, the unemployment rates were rising, and the stock market had gone down by 13%.

Since he was the son of the first SEC chairman, Kennedy knew that if he got the stock market going, it would stimulate economic growth. He planned to get more American citizens to invest in the stock market.

He launched a program in the sixties that pumped a lot of money into American companies to get them going and ultimately benefit stakeholders (who in this instance would also include Main Street investors).

Who is Jeff Yastine?

Jeff (JL) Yastine is a former financial journalist who joined Banyan Hill Publishing in 2015. He is an executive editor whose input features in the Total Wealth Insider and Profit Line. He also contributes to Smart Profits Daily.

He is a former financial journalist best known for his investigative journalism skills that helped uncover numerous important stories in the world of finance. For example, he warned investors about the unsustainable Dot Com Bubble and later, the impending real estate crisis of the mid-2000s.

He was also an Emmy-nominated anchor for the Nightly Business Report (PBS) between 1994 and 2010. The show stopped airing in 2019.

He also interviewed successful entrepreneurs and financiers such as Richard Branson, Michael Dell, and Warren Buffet and learned from them.

How does Kennedy Accounts work?

Kennedy Accounts are a special form of account that enables you to invest directly into a company through the Direct Stock Purchase Plan (DSPP).

This plan enables you to can buy stock directly from the company rather than go through a broker like you normally would. The problem is that not all companies have this facility thus limiting your options.

Jeff says that at the moment, 449 companies allow you to buy stocks directly.

Why You Never Hear about Kennedy Accounts

As we have seen, Kennedy Accounts allow you to buy stock directly from the companies offering them thanks to the DSPP plan.

This is a problem for brokers because you cut them out of the equation and deny them commissions. Since commissions and surcharges are the lifeblood of Wall Street brokers, they would do anything within their power to eliminate threats to their source of income.

Unsurprisingly, as soon as Kennedy Accounts were instituted, major players on Wall Street spent a lot of money lobbying the SEC and Congress to keep those accounts hidden.

They put it in such a way that even companies that were willing to offer DSSP plans were barred from publicly advertising their plans.

Consequently, these accounts have been around but no one gets to hear about them, save for a handful of people who care to look for them.

How you can access Kennedy Accounts

As great as these accounts sound, Jeff does not let you in on them freely; there is a catch. You have to subscribe to the Total Wealth Insider newsletter.

The video was an indirect advert for the newsletter that Jeff wanted you to sign up for.

To join the newsletter, you pay anywhere between $47 and $129 for a one-year subscription. It then auto-renews at $97.

When you subscribe to Total Wealth Insider, Jeff promises to show you how you can get your hands on a Kennedy Account and also gives you the list of companies that offer DSSP plans.

You will receive other recommendations besides the DSSP ones as well as weekly updates to the Total Wealth Insider model portfolio.

Jeff also guarantees that you will make at least $10,000 from his investment advice and if he fails to achieve that, he will refund your money (membership fee).

Merits of Kennedy Accounts

The Direct Stock Purchase plan minimizes the commissions and fees you have to pay hence increasing your net returns.
Companies sometimes sell you their stock at a discount if you buy directly from them.

Demerits of Kennedy Accounts

Few companies allow you to buy stocks directly through DSPP. This limits your options for potential investments.

Is Kennedy Accounts legit?

I think Kennedy Accounts are legit because their existence can be confirmed legally – they were filed under IRS Code 852.

Very few people know about them because Wall Street brokers would prefer to keep them under wraps. As Jeff says, many investors knowing about them would affect their bottom lines.

Furthermore, you are probably doubting their legitimacy due to the outrageous-sounding results that JL cites in his video. If that is the case, you should consider that he only talks about ideal results because they are attention-grabbing. Typical gains are modest and would likely not generate much excitement.

My Final Word on Kennedy Accounts

Your decision to join Total Wealth Insider to invest in Kennedy accounts is personal. As I have said, these accounts are legit and they make for an interesting form of investment.

You can decide to skip Jeff Yastine’s service and look for them on your own, but you need to know what you are doing. It won’t be easy because they are not openly advertised.

If you choose to follow his guidance it will be easier but you have to pay for his newsletter. As a bonus, if you go this route, you will benefit from his other recommendations that he shares via his newsletter.

Don’t leave yet…

Looking for a legitimate way to earn money online? Check out our recommendation below.

In the last 3 months this one program made us over $124,000:

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FAQ

What Are Kennedy Accounts?

Who Is Jeff Yastine?

Jeff Yastine is a former financial journalist who joined Banyan Hill Publishing in 2015. He is an executive editor whose input features in the Total Wealth Insider and Profit Line.

How To Invest In Kennedy Accounts

When you subscribe to Total Wealth Insider, Jeff promises to show you how you can get your hands on a Kennedy Account and also gives you the list of companies that offer DSSP plans.

What Are Government Restricted Kennedy Accounts?

Government Restricted Kennedy Accounts is the title of an investment sales video created by Jeff Yastine from Banyan Hill Publishing. It promotes the use of DSSP plans for investing.

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