qq for big apes: I’ve got my GME DRS’d in computer share.
However I also own some in my 401k (still employed) is there any benefit to owning these when I can’t DRS them? If yes, what are the benefits considering they will just take them and pay a pittance?
IMO absolutely. I am in the same position as you (some DRS, some in top 3 brokerage accounts and most in IRA...) and as long as they are in a top 3-5 brokerage/firm, I have zero concerns in a cash (vs margin) account. If brokerages f around, moass doesn't happen and you will have mass lawsuits and society at large, would totally lose faith in the financial system going forward which people behind it don't want. Also remember, there are plenty of people around the world who can't DRS at all either....
I have a few in my IRA, (same as 401k) but when you retire it changes 401k to IRA. Anyway, I have lots more drs’d in Computershare. The few in the IRA are going to be sold when MOASS occurs. If Fidelity refuses to sell or goes bankrupt because of the MOASS, then I have the DRS’d shares to sell. I’ll never sell the majority of shares in Computershare. When MOASS occurs, selling a few (I think) will be worth millions. I don’t need more than that. The leftovers will insure children will be well off. There will also be some for worthy causes.
To my fellow the DRS’d GME hodlers, it seems like a good time to remind again that 100% of your DRS shares need to be in Computershare BOOK, and 0% in Computershare PLAN.
If even a tiny fraction of a share is in PLAN then DTCC has access to ALL of your shares, regardless if they’re BOOK or PLAN.
Hodling
Name checks out
qq for big apes: I’ve got my GME DRS’d in computer share.
However I also own some in my 401k (still employed) is there any benefit to owning these when I can’t DRS them? If yes, what are the benefits considering they will just take them and pay a pittance?
IMO absolutely. I am in the same position as you (some DRS, some in top 3 brokerage accounts and most in IRA...) and as long as they are in a top 3-5 brokerage/firm, I have zero concerns in a cash (vs margin) account. If brokerages f around, moass doesn't happen and you will have mass lawsuits and society at large, would totally lose faith in the financial system going forward which people behind it don't want. Also remember, there are plenty of people around the world who can't DRS at all either....
Absolutely true too.....
I have a few in my IRA, (same as 401k) but when you retire it changes 401k to IRA. Anyway, I have lots more drs’d in Computershare. The few in the IRA are going to be sold when MOASS occurs. If Fidelity refuses to sell or goes bankrupt because of the MOASS, then I have the DRS’d shares to sell. I’ll never sell the majority of shares in Computershare. When MOASS occurs, selling a few (I think) will be worth millions. I don’t need more than that. The leftovers will insure children will be well off. There will also be some for worthy causes.
Thanks fren. That’s what I thought also. Good to get some ape input.
To my fellow the DRS’d GME hodlers, it seems like a good time to remind again that 100% of your DRS shares need to be in Computershare BOOK, and 0% in Computershare PLAN.
If even a tiny fraction of a share is in PLAN then DTCC has access to ALL of your shares, regardless if they’re BOOK or PLAN.
https://www.reddit.com/r/Superstonk/comments/1btyrm8/found_35m_uncounted_drs_shares_approx_788m_shares/?share_id=41vXCWbR2RRXi-W2T2ZOl&utm_content=1&utm_medium=android_app&utm_name=androidcss&utm_source=share&utm_term=1
On May 28th, the stock market goes to 1 day settlement. That is due to "improved technology."
On the one hand, I am glad that this happened.
On the other hand, Kas is a HUGE NARCISSITIC PIECE OF SHIT that has been shunned by almost everyone involved in this fiasco.