Taken from Superstonk Reddit. Everything is a lie. Nothing is real.
(media.greatawakening.win)
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So I have XXX shares across 6 brokerages (gotta diversify my GME) and another 3 shares in computershare. I don't know if I should transfer out of the brokers to computershare since I don't trust any of them. It would really suck after holding all of my fake money for almost a year in GME and Fidelity and the rest decide to go "oops we lost all your money get rekt".
DRS.
What does DRS mean?
'Direct Register Shares' - Both GME and AMC use Computershare, as does Apple, to manage their directly registered shares. Yesterday I initiated XFERs from Fidelity and Schwab to Computershare. Once complete in a few days, Computershare will hold specific shares in my name.
With a regular brokerage, they make a book entry saying that you own a share of stock that they keep in a shared pile. (How do we know?) With Computershare, they have actual shares attached to your name.
If/When the Jenga tower collapses, I'm confident that I'll be holding legitimate shares that can be sold for many tendies.
Not financial advice.
More info available on the top of the Reddit Superstonk board.
Direct share registration in your name. All other stock is owned by cede and company for the dtcc.
I was in the same boat. Spread out mid XXX amongst brokers. I moved 65% to computershare, because I do think it is what puts our destiny in our own hands. For what it’s worth, I’ve sold other stocks out of computershare and never had any issues.
Transfer them to Fidelity and then to CS if you do. TDA took two and a half weeks to tell me it was initiated and to wait another 5 to 8 days for it to complete.
You can also setup your CS account to deposit your cash from sales to be deposited into your Fidelity account instead of receiving a check through the mail.
I’m not a cat, but if I were, I’d leave mid single digit shares in each broker and put the rest in computer share. /superstonk and /gmejungle have all the details
this is why I never bought gme. Theres no way the cabal would actually let the cattle have their money.
If you purchase directly from computershare or DRS transfer to them you own the share in your name regardless.
Might as well have a few just in case this whole Q plan works out because it will.
yeah as if they’d actually pay out if it really went to the moon.