Direct Registered Stock, or something to that effect. It's essentially that the stock you buy is registered to you and not a broker, or something to that effect.
Instead of buying then DRSing, try opening an investor account with Computer Share and buy a whole share/s through them as they are the DRS for GME.
I don't think it's possible to make a CS US account without first owning shares in a company listed on a US exchange. Important to note that they have offices in other countries that manage shares from local exchanges - perhaps if you live in one of those countries you could quickly DRS whatever shares you may own there, obtain an account and then use that account to buy GME from Computershare US.. Idk.
How the process works is you basically send a letter to your broker instructing them to transfer the shares to CS and that process leads to a 1/2 day account creation process.
The first purchase through computer share to open the account will take a little longer than it normally will because they have to create an account for you.
Usually it takes about ~5 days for the shares to settle, but the first purchase and account creation will take about 2 weeks, the reason is they’ll be sending you mail to confirm a few things and some information needed to complete registration.
You’ll go on ComputerShare.com > click “make a purchase” > search for GME and select > Next page will show any associated fees, click “invest now” > on the next page, enter your information > Continue to follow the prompts and they will give you a confirmation number > wait for the snail mail to show up with your info, just be patient lol > Congrats! You set up your account and can now buy from that same account in the future by simply signing in.
Let me know if you have any issues, questions, I didn’t provide enough clarity!
I thought I'd seen someone on Reddit/SuperStonk say that he opened a CS account then transferred or bought or something. But I may be mistaken, and likely am after your post, and I spend as little time as possible on R, just an occasional GME check. I don't have enough karma to post so that kind of deters me from spending much time there.
I moved my shares from IBKR, I initiated the DRS from with my account there, no calls, emails or any of that. Forget how long it took now but was about average maybe a bit under.
Interesting. Yes, I'm the same with the >1200 karma req and just lurk for good posts. Best thing I seen recently was a post explaining how with a 'Wise'+CS account non-US apes can cut their money transfer time from days to hours.
Basically Wise seems to be the cheapest money transfer service/bank out there and you can convert currency at the real rates with a fee of only 0.3% or so. Also unlike its competitors when you open a second currency account it generates a new IBAN within that country - so a $ account is a US IBAN, speeding up the money transfer €/?->$ by days.
Direct Registered Stock, or something to that effect. It's essentially that the stock you buy is registered to you and not a broker, or something to that effect.
Instead of buying then DRSing, try opening an investor account with Computer Share and buy a whole share/s through them as they are the DRS for GME.
I don't think it's possible to make a CS US account without first owning shares in a company listed on a US exchange. Important to note that they have offices in other countries that manage shares from local exchanges - perhaps if you live in one of those countries you could quickly DRS whatever shares you may own there, obtain an account and then use that account to buy GME from Computershare US.. Idk.
How the process works is you basically send a letter to your broker instructing them to transfer the shares to CS and that process leads to a 1/2 day account creation process.
Can confirm it is possible to open an account and buy shares through CS without using a broker.
Interesting, how long did the process take and how did you do it?
The first purchase through computer share to open the account will take a little longer than it normally will because they have to create an account for you. Usually it takes about ~5 days for the shares to settle, but the first purchase and account creation will take about 2 weeks, the reason is they’ll be sending you mail to confirm a few things and some information needed to complete registration.
You’ll go on ComputerShare.com > click “make a purchase” > search for GME and select > Next page will show any associated fees, click “invest now” > on the next page, enter your information > Continue to follow the prompts and they will give you a confirmation number > wait for the snail mail to show up with your info, just be patient lol > Congrats! You set up your account and can now buy from that same account in the future by simply signing in.
Let me know if you have any issues, questions, I didn’t provide enough clarity!
I thought I'd seen someone on Reddit/SuperStonk say that he opened a CS account then transferred or bought or something. But I may be mistaken, and likely am after your post, and I spend as little time as possible on R, just an occasional GME check. I don't have enough karma to post so that kind of deters me from spending much time there.
I moved my shares from IBKR, I initiated the DRS from with my account there, no calls, emails or any of that. Forget how long it took now but was about average maybe a bit under.
Interesting. Yes, I'm the same with the >1200 karma req and just lurk for good posts. Best thing I seen recently was a post explaining how with a 'Wise'+CS account non-US apes can cut their money transfer time from days to hours.
Basically Wise seems to be the cheapest money transfer service/bank out there and you can convert currency at the real rates with a fee of only 0.3% or so. Also unlike its competitors when you open a second currency account it generates a new IBAN within that country - so a $ account is a US IBAN, speeding up the money transfer €/?->$ by days.