Yes, DRSing is taking your shares out of the DTCC (Cede & Co) and placing them directly in YOUR NAME. When you own shares through a broker (i.e. Fidelity, Vanguard, TD, etc), you actually don't own the share. And if you read all of the documents/fine-print from these brokers when you signup and create your account with them, it's honestly quite scary how much control they retain over these stocks.
Another good point is in the event that a broker goes bankrupt, your portfolio will also go poof. In that event, your shares will likely be sold at the price the stock is at when the broker goes bankrupt. Either that or you will have to file a claim to SIPC insurance, and with SIPC coverage you only are able to claim up to $500k. If the share price of your particular shares goes up to $900k per share... well too bad... sorry, all you get is $500k once your SIPC claim is processed.
The DTCC/Cede & Co is very much so one of the biggest powerhouse arms to the Cabal. They are able to have and retain so much power because they have Banking/Federal Reserve/International Banking (infinite money), and they also technically own almost of the shares on Wall Street via DTCC/Cede & Co. So when you DRS your shares, that is removing the share from the DTCC, it removes Cede & Co as being the owner of the share, and your full name is now listed on the share as being the owner and the DTCC (Cabal) no longer has any control over your shares and can no longer use your shares for fuckery without you knowing.
I highly recommend DRSing your shares if you want to avoid fuckery when MOASS kicks off. There is a reason why all of GameStop's executives hold their shares directly in their name via ComputerShare. And if you feel the need to spread out your risk, just DRS the biggest chunk of your shares so you actually own them, and keep a few in a couple different brokers.
He should tell his twitter followers to buy Gamestop through Computershare. We'd lock the float in short order and begin MOASS.
Hedgies r fuk.
I'm somewhat passively invested in the whole GME thing, am I boning myself by not DRS my shares or does it just not help the cause as much?
I've been meaning to look into it--it's just secondary to other stuff for me atm.
Yes, DRSing is taking your shares out of the DTCC (Cede & Co) and placing them directly in YOUR NAME. When you own shares through a broker (i.e. Fidelity, Vanguard, TD, etc), you actually don't own the share. And if you read all of the documents/fine-print from these brokers when you signup and create your account with them, it's honestly quite scary how much control they retain over these stocks.
Another good point is in the event that a broker goes bankrupt, your portfolio will also go poof. In that event, your shares will likely be sold at the price the stock is at when the broker goes bankrupt. Either that or you will have to file a claim to SIPC insurance, and with SIPC coverage you only are able to claim up to $500k. If the share price of your particular shares goes up to $900k per share... well too bad... sorry, all you get is $500k once your SIPC claim is processed.
The DTCC/Cede & Co is very much so one of the biggest powerhouse arms to the Cabal. They are able to have and retain so much power because they have Banking/Federal Reserve/International Banking (infinite money), and they also technically own almost of the shares on Wall Street via DTCC/Cede & Co. So when you DRS your shares, that is removing the share from the DTCC, it removes Cede & Co as being the owner of the share, and your full name is now listed on the share as being the owner and the DTCC (Cabal) no longer has any control over your shares and can no longer use your shares for fuckery without you knowing.
I highly recommend DRSing your shares if you want to avoid fuckery when MOASS kicks off. There is a reason why all of GameStop's executives hold their shares directly in their name via ComputerShare. And if you feel the need to spread out your risk, just DRS the biggest chunk of your shares so you actually own them, and keep a few in a couple different brokers.