Newer investor. 12 at TD Ameritrade and 1 at CS. Diamond hands with opposable thumbs. That said…
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What if reserve notes are replaced with treasury notes before/during/after MOASS? How will that affect apes?
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I have not DRS with CS yet. How much does this matter and why? I intend to, but what are pros/cons?
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Regarding DRS, should I do that before or after the upcoming stock split and why?
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During/after MOASS, what about selling via CS or TD? Is one better, safer, easier or faster?
I understand all responses are not “financial advice”. Let’s discuss :-)
I called CS to learn a little about them. I'm still learning about stocks. I have 60 gme and was going to DRS half. I asked how easy it was to sell with them. Was told about the batch shares as well. The one thing that didn't set well with me was if the dollar amount that I wanted to sell my shares for totaled more than 2 million, they would not sell my shares until they received a "Letter of Instruction. "
I cannot provide this letter before the sale, it cannot be verified by phone, e-mailed, faxed, or texted. This letter must be received by snail mail (their words) and then at that point they would contact me and "work with me" on what the actual sale price per share was since it may be different from when I actually tried to sell it versus when they processed my letter.
This sounds like another way to keep us from enjoying the moon prices. Even the representative I spoke to agreed with me which surprised me. As I've said, I'm still learning so if anyone could explain this to me a little better I'd really appreciate it.