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?
It's easier to do it from Fidelity but you should be able to do it from webull though I don't know how difficult that might prove. I ended up transferring mine from webull to Fidelity last year and IIRC it took like a week or so to complete. You have time so I'd do that tomorrow if I were you and then transfer from Fidelity if DRSing directly from Webull proves difficult.
No, that's some old FUD that was spread around a while back that's been debunked since then. It's really not that difficult to sell via DRS. You can see for yourself in the portfolio section on CS.
You can directly on the CS website. People have tested it. The issue is when a stock gets past 1 million per share they require a letter sent to them to sell the shares. But IMO, it's going to bring the whole corrupt temple of walstreet SEC, FED etc down.
Or they will reach a settlement with shareholders. OR the govt will intervene, thus pissing off more people and bringing us closer to the precipice.
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?
It's easier to do it from Fidelity but you should be able to do it from webull though I don't know how difficult that might prove. I ended up transferring mine from webull to Fidelity last year and IIRC it took like a week or so to complete. You have time so I'd do that tomorrow if I were you and then transfer from Fidelity if DRSing directly from Webull proves difficult.
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.
No, that's some old FUD that was spread around a while back that's been debunked since then. It's really not that difficult to sell via DRS. You can see for yourself in the portfolio section on CS.
You can directly on the CS website. People have tested it. The issue is when a stock gets past 1 million per share they require a letter sent to them to sell the shares. But IMO, it's going to bring the whole corrupt temple of walstreet SEC, FED etc down.
Or they will reach a settlement with shareholders. OR the govt will intervene, thus pissing off more people and bringing us closer to the precipice.
The upside of DRS is you'll know you actually have the shares to sell though. ;)