A lot of people here know what is DRS - Direct Registry System.
If you have been following the Gamestop saga, you know that brokers and hedgefunds manipulate share prices by short selling and by creating phantom shares based on shares belonging to their retail customers which is held in the broker's name.
DRS is one way to ensure the shares are held in your name and the broker / hedgefunds cannot fuck around with it to manipulate the market. r/SuperStonk is basically dedicated to DRS of GME shares at this point.
What most of you might not realise:
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Just like GME, the Black Hats most probably pulled the same tricks to drag the DWAC stock price down when the markets opened yesterday. Some Anons who have been following GME have said that what happened yesterday was equivalent to what happened to GME over weeks. A.k.a just like 2020 elections, they had to pull out all stops in fraud to bring Trump's DWAC down.
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DRS is not the only way to achieve protection against this. There is another way. Its called Deposit/Withdrawal At Custodian. Its called ..... drumrolls please .... DWAC
Is this just one more coincidence? DWAC gets hammered by the bad guys just like they did to GME and just like they have been doing to any company that does not play by their rules. But it also so happens, one of the 2 ways to stop this is by DWAC.
This is no co-incidence! Trump could have picked any suitable name for the SPAC for his Social Media, but he picked Digital World Acquisition Corp which stands for DWAC.
Trump is giving us a YUGE hint. He is saying that DWAC will destroy the Wall Street Big Money evil guys.
Buckle up folks, we are gonna DWAC the shit outta the deep state.
How does the average person (like me) invest in this stock? Help ELI5
You set up an account online with a brokerage. You can take your pick, fidelity, e-trade, ameritrade or others. Then you transfer money from a bank account to your brokerage account. Then while the market is open you put in a buy order for whatever number of shares you want to buy. Make sure it’s a limit order and not a market order. With a limit order you set a maximum price you’ll buy at. With a market order you’re telling them “fill it right now at whatever the market price is” and sometimes you’ll end up paying way too much because the only person selling at that exact moment was selling at some ridiculous price.
Thank you!!! Do you prefer one of the brokersges?
I use TD Ameritrade for my trading. I started investing with Scottrade a long time ago and then a few years ago TD Ameritrade bought them. So far everything has been smooth with them and I haven’t felt the need to switch.
I firmly believe based on my experience TD doesn’t buy your shares. Instead they take your money, give you an IOU and just use your money to short the fuck out of your investment knowing retail will sell when they start losing money.
Until soon when they change to Schwab.
The following is NOT financial advice. I'm just a normal, God-loving patriot who loves country and family.
I would encourage you to not use TD Ameritrade. While their interface is excellent, things seemed to take a turn for the worse when Charles Schwab entered the picture. I'm sad to say, it appears like they're now one the many "questionable" brokers.
It took a LONG time for TDA to transfer my GME shares to ComputerShare... and this was back in early September. I initiated this request via an "in person" office visit at TDA, and was told three days. It took one month.
Even now, Fidelity is taking only about 3 days to transfer your shares to ComputerShare. It looks like Fidelity (unlike many other brokers) actually "held" your stock, and so they have quick access. The other brokers seem to be "scrambling" to find/buy your stock to fulfill your transfer request. There's no reason it should take them 3 weeks to transfer your shares when Fidelity takes about 3 days.
No matter which broker you use (even Fidelity) - your shares are NOT IN YOUR NAME. And, if the broker were to ever go bankrupt, your shares would "disappear" and I believe the insurance to protect the account holders only pays up to $500,000 (?) per account - even if you had millions.
It is much wiser to Direct Register your shares... and take them out of the hands of the hands of the evil entities who do illegal things with YOUR shares to manipulate the market (to your disadvantage).
Be smart... OWN YOUR STOCKS in YOUR NAME. BE AN ACTIVE PART of THE PLAN! Take steps to fight the evil ones (Central Banks, Federal Reserve, DTCC, SEC, hedge fund crooks, etc.). It's all a big club, and we're not members (George Carlin).
ComputerShare is as solid as it gets. Yes, they are very old fashioned in how they operate, but they've been in business since, 1974?
If you own any of the following stocks, please consider Direct Registering them in YOUR NAME, and take power from the bad players in the financial markets.
You do not have to create an account at ComputerShare first, call your broker and request a "DRS Transfer". They will "open an account for you (using your Social Security Number) and transfer the number of shares you request them to transfer. A few weeks later, you will receive a snail mail letter from ComputerShare, then you create your online account there.
Some of the companies ComputerShare represents are:
GameStop, AMC, Apple, Exxon Mobile, Coca-Cola , Walmart, AT&T, Verizon, Ford Motor Company, IBM, McDonalds, Intel, Abbott, Advanced Auto Parts, Alaska Airlines, Alphabet (Google, etc.), AMC, Amazon, American Express, BMW, Big Lots, Black Rock, BorgWarner, Campbells, Chevron, Costco, Discover, Domino's Pizza, DOW, Dupont, Ebay, Etsy, FedEX, Del Monte, GameStop, Goldman Sachs, Guess, Harley Davidson, Hasbro, HSBC, IBM, Jack in the Box, John Hancock, Johnson & Johnson, KB Home, Kyocera, Lear Corporation, Lowe's, Macy's, Marriott, Mattel, MicroSoft, Nestle, Nokia, Nordstrom, Papa John's Pizza, PayPal, Penske, Pepsico (Pepsi)... and MANY more.
Let's all take an active part in THE PLAN... take down the corrupt players in the financial sector who have been milking our money, destroying businesses for generations.
Is Vanguard considered a brokerage? Or would I have to open a new account at one of the above mentioned?