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
Did you do the test when it linked? After everything is confirmed it will work as I stated. For the first transfer it could take longer but I’m pretty sure it should work more quickly. It may depend on your bank too. Good luck. Don’t sweat.
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.
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
Did you do the test when it linked? After everything is confirmed it will work as I stated. For the first transfer it could take longer but I’m pretty sure it should work more quickly. It may depend on your bank too. Good luck. Don’t sweat.
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.