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 don't know how a new currency may affect apes. I don't think anyone knows.
Pros of DRS: Registering shares in your name takes them out of the hands of the DTCC and therefore removes the ability of SHF's to borrow them from brokers or use them as a locate for shorting. Once the entire float is DRS'd, it will prove the crime. DRS quickens MOASS.
There is a chance brokers will not give you new shares, but instead may give you monetary compensation for any new shares you are due. You would rather have the shares, as they will be worth way more than the $20 bucks or whatever they might give you. Brokers may also go bankrupt when GME hits moon prices. You don't have that risk with CS as they are properly in your name and not the brokers name.
About selling, you can sell from CS just like a broker, but you may have to do it in writing as their online systems only go up to a $214,748 limit. If the share price goes higher, write a letter to CS or visit a local CS office and put something in writing.
Long story short, DRS your shares is the safest way to go and better for MOASS, but with some caveats that are not big problems, just a difference from dealing with a traditional broker.
Personally, I have 5% of my holdings in a broker and 95% in CS. My plan is to sell the 5% first when it hits the moon, and only the 95% if it goes to andromeda.
If I were you, I would go to r/SuperStonk and click on "Due Diligence" at the top. Lots of great stuff has been catalogued there by apes over the past year that proves the MOASS. Knowledge is half the battle. (joke: The other half is violence)