I only have 2 shares, might buy more in the following couple day's. DRS'ing confuses me to no end. I also know it takes times to get them Registered. Will I not be able to sell any of my shares if I do not direct register them? Do I still have time to do this or am I SOL?
Are you American? The process and length depends on that answer. If you are, DRSing with Computershare is pretty easy. They have a guide pinned on superstonk. If your broker is Fidelity then the process is pretty simple. Takes me 5 minutes being on the phone with their customer service. You should still have plenty of time, though you might be cutting it close here if you're European or something since it takes longer for them.
You might be able to sell your shares, you might not depending on whether your broker screws you over when it's revealed that they only gave you an IOU and not actual shares. Much safer to directly register them.
Hell yeah I'm American! So I have them on Webull. Do I need to switch over to Fidelity or can I also DRS from Webull? Or is it just easier to do it from Fidelity?
If you don't get your additional 3 shares after the 21st, then you haven't been paying attention.
I have a buddy who still hasn't DRS'd in spite of knowing all the DD...
I only have 2 shares, might buy more in the following couple day's. DRS'ing confuses me to no end. I also know it takes times to get them Registered. Will I not be able to sell any of my shares if I do not direct register them? Do I still have time to do this or am I SOL?
Checkout this website - it explains it all! https://www.drsgme.org/
Thank you!
Are you American? The process and length depends on that answer. If you are, DRSing with Computershare is pretty easy. They have a guide pinned on superstonk. If your broker is Fidelity then the process is pretty simple. Takes me 5 minutes being on the phone with their customer service. You should still have plenty of time, though you might be cutting it close here if you're European or something since it takes longer for them.
You might be able to sell your shares, you might not depending on whether your broker screws you over when it's revealed that they only gave you an IOU and not actual shares. Much safer to directly register them.
Hell yeah I'm American! So I have them on Webull. Do I need to switch over to Fidelity or can I also DRS from Webull? Or is it just easier to do it from Fidelity?
You can’t immediately sell shares once they’re DRSed right?
That’s the downside. People act like it’s a magic bullet with only upside.