I dont even know where to start when it comes to the stock market. I want to buy some GME, but I don't know how to or what the best place to go is.
Any advice for a beginner?
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Wouldnt it be better to open a ComputerShare account and buy DRS directly?
It's much faster to do it through Fidelity and transfer your shares into computershare.
By the time you could activate a computer share account and get money into it and your purchase order go through we could already be in the several hundred dollar per share price or more.
Theres no real reason to move to computershare
Lol! There are MULTIPLE reasons to move to CS.
Just a few:
-Not your name, not your shares. (Your broker can sell your shares or restrict your trading at any time for self preservation. It's in their TOS. With CS the shares are in your name, not your brokers. They are truly yours.
-In a broker your shares will be lent out and often used to short your own position. That means your broker makes money renting out your shares to use against your interests.
-Synthetic shares: There are countless synthetic / paper shares out there right now. Not a huge deal until it is. When the tide goes out your broker may not have real shares for you. In CS that's not an issue.
Next time ask a question instead of stating stupidity as fact.
This is not something you want to debate me on, with all due respect
Even though it is in "broker" name, as in street name, the shares are yours. Period. The ONLY time it would even come into conflict is if the broker came into financial insolvency. INSOLVENCY. For a broker to go into insolvency, there needs to be a MAJOR MAJOR Category 1 fuckup somewhere.
ONLY and ONLY if you trade on margin (Source: I have read my ENTIRE customer agreement)
Synthetic shares ONLY affect options trading
If you knew who you were talking you, you would know I know my shit. But please, lets have a public discussion. Invite me
If you look at the difference between DRS and Street Name, DRS is such a royal pain in the ass, and it ONLY make a difference if the Brokerage goes out of business. And even then, you have SIPC insurance, so if you DRS, it makes you feel good. If you have it with a reputable broker, its so much easier to mange
Why is DRS such a royal pain in the ass?
Keep in mind that those who do DRS are hodlers and dont intend to trade them often.
Would have been 20 years ago but [they] changed the commercial code in all states. All that matters is that we keep fees to a minimum and we fk with [them] every chance we get.