FYI, I first made a CS account and bought a small amount. After a week or so my account became active and I was able to create a login for the CS website… and THEN I DRS’d from my brokerage.
Open fidelity account, link bank. Transfer funds to said account. Buy GME. Let trade settle for 2 business days after the purchase date. Call fidelity and tell them you would like to direct register (DRS) a portion (or all) of the shares you just bought. I would recommend keeping partial shares or a couple in your fidelity account just because. After DRS, the shares are now with GME’s transfer agent Computershare. They have been pulled out of the DTCC and are actually registered in your name, thus cannot be fucked with.
We DRS because if a brokerage tries to sell off your positions due to market instability or whatever excuse during MOASS, most of your shares will be safe at Computershare. If we do this right, a handful of shares could create generational wealth.
I mean, I linked my bank account but I dont have any usable funds yet to be able to buy it. It says itll take 2 days to transfer from my bank to my fidelity
It will work either way, but will be quicker to make the account first. You have to follow the instructions precisely with your computershare emails for it to work. It’s a ghetto registration system, but I eventually got it to work with some help.
... and consider buying one share of anything that's cheap and leaving that in the broker when you transfer the GME to CS. The reason I suggest this is that many brokers charge a $75 transfer fee, however waive it if you keep at least one share - of anything - with the broker.
I dont remember core positions when I created, I think I just used a cash account. Buy GME and immediately transfer to computershare. You can use fidelity chat bot to initiate transfer or call customer service.
Personally are used Fidelity because they’re faster and you don’t have to wait for the funds to settle to trade. Once I have my shares I transfer them to Computershare. It may not be the best way but it works for me
If anyone has any tips on getting started with this stuff I'm all ears..
Go to ComputerShare. Make an account. Buy GME. This is about the cheapest it'll ever be.
That simple? Thanks fren!
ComputerShare takes a little while, about a week, keep that in mind.
Was just about to say this. I set up a buy on may 15 and it finally posted today…almost 10 days later.
I don't believe you can make an account unless you already own shares that you drs to them. I tried and was told this.
My father did it. It works.
FYI, I first made a CS account and bought a small amount. After a week or so my account became active and I was able to create a login for the CS website… and THEN I DRS’d from my brokerage.
Hmm, when I tried it asked for my share certificate number or something, and when I called them they said I have to start from my Bank.
When you made the CS account, did you have to provide info about any shares you already owned?
Also did you buy the shares in your brokerage account before you created the CS account or after?
Open fidelity account, link bank. Transfer funds to said account. Buy GME. Let trade settle for 2 business days after the purchase date. Call fidelity and tell them you would like to direct register (DRS) a portion (or all) of the shares you just bought. I would recommend keeping partial shares or a couple in your fidelity account just because. After DRS, the shares are now with GME’s transfer agent Computershare. They have been pulled out of the DTCC and are actually registered in your name, thus cannot be fucked with.
We DRS because if a brokerage tries to sell off your positions due to market instability or whatever excuse during MOASS, most of your shares will be safe at Computershare. If we do this right, a handful of shares could create generational wealth.
Good luck!
THIS!
Thank you!
Any way to get my funds to buy one sooner than 2 days? By then it'll probably be worth more than I'm trying to transfer...
AFAIK you put money in fidelity and they give you a credit to purchase stocks.. may not be the same for new accounts.
Once you link your bank account it will eat you purchase stock before the eft is fully complete. Usually there eft is complete in a day or less tho.
I mean, I linked my bank account but I dont have any usable funds yet to be able to buy it. It says itll take 2 days to transfer from my bank to my fidelity
Do I make a comptershare account first or just call fidelity? cause i tried making the account first and i keep getting an error
It will work either way, but will be quicker to make the account first. You have to follow the instructions precisely with your computershare emails for it to work. It’s a ghetto registration system, but I eventually got it to work with some help.
https://www.drsgme.org/
I love that this website exists!! Super helpful for a newbie like me.
Open any brokerage account, buy at least one gme share, then DRS it to Computer Share.
... and consider buying one share of anything that's cheap and leaving that in the broker when you transfer the GME to CS. The reason I suggest this is that many brokers charge a $75 transfer fee, however waive it if you keep at least one share - of anything - with the broker.
any specific core position i should do?
I dont remember core positions when I created, I think I just used a cash account. Buy GME and immediately transfer to computershare. You can use fidelity chat bot to initiate transfer or call customer service.
Personally are used Fidelity because they’re faster and you don’t have to wait for the funds to settle to trade. Once I have my shares I transfer them to Computershare. It may not be the best way but it works for me
any specific core position i should do?
Not GME.
Clearly have no idea what im asking about. kek