$DWAC transfer agent is Continental Stock Transfer & Trust. Call them to verify/discuss process: https://continentalstock.com ;Getting details on moving DWAC/DJT shares to Odyssey
OBSOLETE but similar process with Odyssey:
Send a few shares over from your broker via Direct Registration of Stock (DRS) request to broker to verify process. Get Continental account access checked and working. Verify they come across as “book” (there is currently no investment plan option at Continental for $DWAC). Brokerage address on file is sent over to Continental for them to send you paperwork. Use this link to help setup account/login if you have issues off the mainpage: https://lsp.continentalstock.com/hlogin
DRS changes ownership from “held in Trust as broker property for your benefit” (custodial) to “individually owned by account owner” (direct ownership). Equivalent to holding your own gold, silver, offline Bitcoin private wallet, cash in your private safe, or allodial land title.
Not sure if Odyssey does it, but if not you can move retirement funds to a third party custodian to hold for benefit of you, Im told that keeps them in tax free status. Other reseach shows you can purchase real estate with money in a Roth IRA and it is held as an IRA asset through a trust. Im not a financial expert so consult one before taking my word.
CORRECTION: $DJT transfer agent (post merger) is Odyssey Trust Company: https://odysseytrust.com/
$DWAC transfer agent is Continental Stock Transfer & Trust. Call them to verify/discuss process: https://continentalstock.com ;Getting details on moving DWAC/DJT shares to Odyssey
OBSOLETE but similar process with Odyssey:
Send a few shares over from your broker via Direct Registration of Stock (DRS) request to broker to verify process. Get Continental account access checked and working. Verify they come across as “book” (there is currently no investment plan option at Continental for $DWAC). Brokerage address on file is sent over to Continental for them to send you paperwork. Use this link to help setup account/login if you have issues off the mainpage: https://lsp.continentalstock.com/hlogin
DRS changes ownership from “held in Trust as broker property for your benefit” (custodial) to “individually owned by account owner” (direct ownership). Equivalent to holding your own gold, silver, offline Bitcoin private wallet, cash in your private safe, or allodial land title.
Not sure if Odyssey does it, but if not you can move retirement funds to a third party custodian to hold for benefit of you, Im told that keeps them in tax free status. Other reseach shows you can purchase real estate with money in a Roth IRA and it is held as an IRA asset through a trust. Im not a financial expert so consult one before taking my word.
https://www.drsgme.org/direct-register-shares-from-ira-in-kind-direct-transfer
https://www.investopedia.com/articles/personal-finance/111615/using-your-ira-buy-investment-property.asp
IRAs are not allowed to loan shares, but when brokers are desperate and getting 1000% interest to loan shares, clerical errors happen. . .
Make sure all shares are settled or it won't go thru. You can do it online,but I found it much easier to call.
Correct. Broker usually is able to verify they are settled or not over the phone. I think settlement is 3 business days max at most brokers now.