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.
Is Vanguard considered a brokerage? Or would I have to open a new account at one of the above mentioned?