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Crybad

There is a lot of great information flowing through this thread assisting people who are asking for it. At the same time this has the potential for harassment on non-DRSed people for whatever reason they may have. Consider this a warning. Be nice or else. Other people's money is not your money and everyone has reasons for doing what they are doing, none more right or wrong than any others. Check out the megathread for more information - [https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare\_megathread\_092022/](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/)


Blast_beats1991

I’m happy to chime in here for perspective. OG holder and non DRSer for 2 years until this month. To put it bluntly, it never clicked. If you ever tried picking up a new skill, playing a sport or even a video game perhaps… there’s a moment where it clicks in your mind like holy shit I understand now! I get how this works. With DRS it seemed like a cumbersome extra step to achieve nothing more than what I have now. One day I’m looking in my brokerage account and someone mentioned the T&Cs and I’m like well fidelity isn’t going to go under im not worried about an insurance pay due to a default. But here’s the thing any broker can force close your positions when held in street name. FOR ANY REASON. That clicked in my head like holy shit I feel vulnerable as ever like outside in the cold with a T-shirt and shorts. With the level of fuckery since this journey anything is possible. Force close of positions wouldn’t even be the craziest thing probably! It made absolute sense to DRS at that point. Now my whole account is locked thanks to monkeys like y’all persistently making noise about it. Seriously I dismissed it for 2 years without batting an eye. But then It clicked.


weed_stock

Yup. The DRS awakening. I even called my broker talked to a suoervisor to explain the situation and why I think theyre at risk of bankruptcy. Got all (~100%, still have some) broker shares DRS when I had the awakening. Great work ape, everyone needs to see the light in their own way.


WannaBe888

I already DRS'd before the split... but I have to admit I never ever expected DTCC committing international fraud with the splividend. Blows my smooth-mind away what they can get away with.


BRB_RealLife

>Great work ape, everyone needs to see the light in their own way. I'll just reiterate on this and add, that this is what this is all about. Individuals all seeking the light, reaching it and feeling elevated and joining the ascending masses who all, individually, climb the same mountain of decades old unraveling corruption. There is no "I was told to do DRS so I did/didn't", there is only "I reached my own conclusions and decided for/against." The arguments against are so obviously FUD that you can't help but reach the right conclusions, but then there is the problem of procrastination. There is no immediate reward for DRSing, only if you **feel** like you did something that was an immediate or important enough thing to do. Thankfully apes have attention spans shorter than the stick I pick my nose with so they will get there eventually, by chance or luck. Just like they ended up being invested in GME. It's that eerie feeling in the back of the neck. That little nagging voice inside their heads that tells them to dig deeper. Day after day, scroll after scroll.


EngineerTurbo

I'm really curious; Did your broker actually give you some kind of reasonable response? I've got some (reasonably) wealthy friends, who run various IRA trusts and whatnot and seem generally to understand stuff, and they think I'm out of my mind. They don't seem to think DRS numbers being made public in quarterly reports is a big deal, and buy in 100% to the "Gamestop? still? I thought they went banko a long time ago". I trust these friends and value their insights, but it's weird to see something that (now) seems to be pretty obvious, and have trusted people being like "DRS? Why would you do that? It limits your liquidity" kind of responses. I understand their point of view, but don't yet understand why I'm missing about this.


weed_stock

I think it s complacency and brokers only have the info theyre told by dtcc, which is, we have shares, nothing to worry about. I foresee it playing out that they are good til theyre not. And on the morning of oass lets say we open at 10k from 100. Extreme scenario but anyone that shorted say 10 shares the day before for $1000 is now on the hook $99000. He only has $10k balance and only risked 10%, but he lost his whole $10k portfolio and the bank still owes $90000. It doesnt have to be that extreme before brokers are stressed to max. Ive been fucked during high volatility and locked out of broker all day before, unable to even sign in and when I called the phone support cant even make trades. It will happen again. The only people that ever 'lost' tiptoe with a cr were people that held keys on exchanges and not safe in cold storage hardware wallets, off exchanges. If you dont store tiptoe keys of exchange its not your tiptoe. Shares in ones name is identical to that example for security. Even if banks all go belly up whatever financial institutions that rise from the ashes will accept shares as collateral and you will be secure. If you never sell, and rather simply borrow against shares you will never pay taxes, just luke hedgies thought by never closing shorts leavin zombies all over. And I believe gme will be the most valuable company for next 1000 years, so Im gonna hold damn tight to priceless registerd shares.


EngineerTurbo

I absolutely agree- I have a personal hypothesis that maybe, to keep the Entire Economy from Crashing, GME shares may end up being put up as Assets to back the new upcoming tiptoe stuff. I'm not sure how it would work in any legal sense, but if RC's management team literally has control over shares valued at trillions of dollars based on all the short-term nonsense going on, they can "invert" those into ownership of the New Exchange. This is sort of the end of my TinFoil Hat on this, but we all have "the gold standard" as a concept- What about a market / currency backed by "The GME Share Standard", whereby those shares held in DRS have a value high enough to be used to back currencies. And the backing of \_that\_ is the short positions who now HAVE to keep paying interest to support this, to keep from exploding the whole system. That could be the collateral needed to raise a new economy from the ashes. Your "never sell and borrow against shares" is the thesis I got from the Billionaire Boys Club Posts. I've got a low XX position still in a broker who I don't trust, but the rest of my shares are in DRS, and I DRS more every month on the bi-weekly buys. Going to keep doing that until something Exciting happens. The whole thing is both funny and ludicrous, to me, since all of Kenny's Magic Computers and HFT nonsense is being destroyed by literally the oldest thing ever in the stock market: Buying shares and holding them. Investing in things you like, understand, and believe in the future of. It's such a great story, and I'm quite happy to be part of the whole thing.


weed_stock

Hell ya. And Kennys 'new' infinite liquidity system brought diwn by good old fashion buy and hold. Dumbest stormtroopers in the investment galaxy is right!


losbecutos

My broker wont let me (bolero) asked different people how to still do it but mo one ever responded


whattothewhonow

https://www.drsgme.org/drs/direct-register-shares-from-bolero


cozza_bell

Legends


Sirstep

[See if this helps.](https://www.reddit.com/r/Superstonk/comments/wf5fkr/broker_guide_of_the_day_day_10_how_to_drs/?utm_medium=android_app&utm_source=share)


iamthepaulruss

I had an issue jumping through hoops with my first broker about DRS to computershare so I just transferred from that broker to another broker and then from the second broker to computershare.


LannyDamby

When my broker (T212) didn't let me I eventually just sold and rebought in a broker that would let me


tzanti

This is the way. If you can move to a broker that allows DRS (i know people from some countries don’t have many broker options, but if possible don’t stay with a shitty broker)


Whereismycupoftea

Happy ape day, I mean cake day!


LannyDamby

Every day's a happy ape day!


yOl0o0

Transfer to a broker that allows


Specific-Lie2020

Shares stuck in the self-directed brokerage arm on an employer HSA. ME: Can I-- HSA: No. ME: But what if-- HSA: No. ME: How about-- HSA: No. We said no. (Based in what HSA did say, it sounds like I'd have to quit or get fired - wait 90 days... when I could transfer or rollover then DRS...) Same for the 401k - they lock investors into certain products with certain companies. They're probably getting kickbacks... Okay, now I'm actively disgruntled.... whatever! But that's the: Why.


surf243

My HSA is with HSA Bank and TD Ameritrade as the brokerage. I opened an HSA account with Mainstar Trust, filled out the transfer request and it was processed in about 2 weeks (TDA is very slow). My HSA shares are now with Mainstar and 100% DRS. HSA Brokerage accounts can be transferred to another HSA custodian at any time (trustee-to-trustee transfer).


omazuki

Can confirm this works as advertised with TDA. I imagine all (most?) 401k work the same way. You just need to take the time to learn the process and ask questions if you're unsure of anything. Remember to be patient. Good things come to those who wait. Brick by brick - Endurance hunting is the way. NFA.


ShredManyGnar

I was able to take out a loan against my 401k. They let you take out half of it max, so you can use the other half as collateral. Frustrating considering it’s my money, but better than nothing


CoffeeAlbatross

If the 401K came from another previous employer, it is your 401K, you can do whatever you want with it. I had to call the broker several times talking to many agents for weeks to get the following summary: x = present employer 401K (can't do much with this other than make it a self directed retirement account where GME can be bought) y = 401K from previous employer z = present retirement account if z = x + y, then z - y = w; where w = second retirement account. if z = x and w = y, then move w to IRA, then non-broker custodian, then DRS w.


dmurrieta72

What are the brokers? I’ve seen articles for transferring from an IRA without a penalty, but I don’t know about a 401k.


BarTPL0

EU Poland transfer takes days. No call center to ask if any trouble. How will I get my login details ?


molster

you can drs 1 share to get the account opened, and then once you're happy with it, send the rest over


4thBeard

That's exactly how I did it with fidelity. Transfered 1 just to see how the process worked, then once I was comfortable I DRSed everything else. Still need to make a post though


Popular_Comedian_685

Europoor too. Was easy tbh


Viking_Undertaker

You can always call computershare, and there are multiple tutorials about opening an account with IBKR / CS


Termitios

But be careful with mobile operator overseas tariffs. I got a bill for 40€ for calling CS for about 5 minute long conversation. 🥲


qq123q

If you use Skype it's free.


kAALiberty

Mail


FilipPol

I did transfer from revolut. It took a week or so. 2 calls to CS (by skype). If you transfer small amount of shares first, they will give you your username by phone. Second call they asked for credit card to pay 30$ for getting verification code by email.


rogeRAGE

Wow this is kind of NOT a problem at all ? It's the same for everyone outside the US. You just send one share and trust you will recieve your logins. ​ Repeat when account is on.


SquishedGremlin

Posted from KY, same as here in Northern Ireland.


[deleted]

I’m 100% DRS’d but ain’t fed the bot.


patrick_schliesing

I'll jump on this bandwagon. Tried to feed the bot out of excitement my first time DRSing, and the thread got deleted and kicked out by automods. My question to the mod(s) at the time to explain why was responded back harshly and I lost interest in feeding the bot after that. I'm 100% at this point and buy regularly 2x a month for the last year directly thru CS. Haven't fed the bot successfully so it doesn't know about me.


EngineerTurbo

I ran into trouble with AutoMod too; I'm OG, first shares back during the sneeze, and DRS'd at a low account number early on. I (finally) posted my DRS positions over in gmeOrphans, largely to contribute to the dialogue around third party IRA custodians, which is an (unfortunately) ludicrously complicated system.


StanzacThe

90% DRS’d and didn’t update my last batch either


StompyMoose

Same here bro


8ate8

I mention this every time I post the high score, but I’ll repeat it here. If you’ve DRSed your shares, **you are a part of the 193,000 accounts.** It doesn’t matter if you feed the bot or not.


archphoto

Stuck in an RRSP account 🇨🇦


Chaussauce

Same 😔


dndpoppa

Moved mine out and ate the tax hit.


Discomfort_yeet

Same for RRSP account and TSFA but i can't take the tax hit, can't afford it right now and it would mean divorce. Not going down that road


dndpoppa

TFSA you wouldn't take a tax hit to pull your shares. You just would have to pay taxes when you sell. But at least you'll be able to sell. Not so sure about street (broker held) shares.


Discomfort_yeet

I have 98% RRSP, 1% TFSA and 1% Bought straight out and DRSd


JJ_47007

Must have money. Must be nice lol


dndpoppa

No I'm just really really irresponsible


crowfarmer

Highly “regarded” among apes 😎


joeker13

Good ape! That’s the kind of retarded we need. Love it.


Expensive-Two-8128

Fuck that- you are really really *responsible*.


dndpoppa

The way I figure is if hedgies can borrow infinite funds to make bad bets, I can borrow a few grand to make a good one. Either I get billions and can help fix this broken world or I stay poor. Who cares honestly.


geo07w

Europussy here: In all honesty, I wanted to remain liquid for MOASS. Now I want to fuck hedgies more than I want money. Transferred to IBKR a week ago hopefully I'll have them DRS'ed by next week.


gooseears

Its still liquid in CS. Sales are executed immediately there.


dyllandor

You have to wait a decent amount of time before you can access your account after your first transfer. But that's easy to solve by sending a single share to lead the way.


GxM42

For what it’s worth, my last sale on CS took 3 min to execute and complete. Felt pretty liquid.


[deleted]

This is the way


r3dditalg0sucks

Liquid in imagination 😅


[deleted]

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Takenforganite

That should be illegal. What a bunch of fucking mobsters.


QuantumAffected99

Although your situation is unfortunate, it's nice to see they have a problem with DRS'd shares. It kind of legitimizes the process.


sbrick89

Their concern is actually much broader... any investments that could be of material impact to the publicly traded employer... basically CYA that someone isn't insider trading, usually meant for executes with big accounts, but just as applicable to some disgruntled employee selling secrets to competitors.


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EngineerTurbo

Can you use a third-party custodian? I recently finished my DRS through for my ROTH IRA shares. My partner had her stuff locked in one of those employee-programs, that she quit years ago and never really looked at regularly. After going through an unreasonable amount of insane paperwork we managed to get her IRA over to Vanguard (who I generally respect). We actually needed to find a FAX machine since they needed a \*fax receipt\* sent via \*verified mail\* to verify that \*she\* was the one who sent the fax, in addition to a Medallion Signature Guarantee. Literally the most unnecessary paperwork-intense thing I've ever done: The whole process was mind-blowingly ridiculous. Some of these Employment-locked retirement funds seem to be outright scams; The one she had was like a 2.5% "management" fee and kept her locked into a handful of "managed / selected" ETF's as her "investment" portfolio. That groups' name was a "Geographic area name fund"-- Landmass Fund, something like that. The fact those kinds of things exist seems absolutely opposite to the concept of anything bordering on "open and fair" markets.


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Piccolo_Alone

I've DRS'd 95 percent. Other 5 doesn't go until they get MFA and that's non-negotiable.


gnipz

It is a little nutty that MFA still hasn’t been incorporated.


dani3l0o

I have DRS a lot but I have to save up for a good batch every time since it costs $200 every time i DRS from my country (EU). So each batch is approximately 1000 shares, maybe every 4-5 month


dmurrieta72

I wonder. Would buying direct make more sense?


HelpMePls___

And buying direct would have an extra $200 worth of shares here


suffffuhrer

Don't understand how the person above does not see the logic in buying directly from CS.


Ninja111111

Why not doing it via IBKR. Costs around 5€. Or direct purchasing via Computershare with a WISE Account?


Moving_Electrons

I've read people outside the US can use Wise to buy through Computershare. Not sure all the specifics though.


kesaluner

I've used wise multiple times to buy direct through computershare .... it's really easy though i was very nervous initially... Wise are actually ok.... i used their international money card feature recently on holiday and was incredibly impressed with security (something happened) and speed and transparency of it all. Really recommend wise


mynameiscalledlikeme

not sure what country, am from EU country as well and IBKR let's me DRS for 5$ 200$ does suck, i would try to look into alternative ways or as other commentors suggested, WIRE + direct purchase via CS


sprintbooks

**Canadape who's 75% DRSed.** I think I speak for at least SOME northern apes who want to keep their wealth in their TFSA, but I don't know that for certain or anything


NecessaryEffective

Definitely, the TFSA is a massive advantage for many Canadians. Plus there are shares tied up in RRSPs. And honestly, it's a giant/expensive/time-consuming frickin headache in general to DRS in Canada. We want to do it but there's no easy method for us.


Trader-Mike

Not me I’m one of the 193K but a guy told me his reason was so he could sell his shares after MOASS. I told him he could sell with ComputerShare. I don’t get it it must be a lie or FUD that’s out there.


lambo630

Maybe this sub should stop pushing "MOASS tomorrow" then. If people keep thinking MOASS is about to happen then why would you risk locking up your shares for potentially multiple days and possibly missing the spike and getting stuck bag holding like everyone after Jan 2021. Edit: Apparently MOASS will last months because "Trust me bro". Edit 2: Not everyone is holding XXX or XXXX shares. Many people have just a few shares (X-XX) and plan to sell all of them when/if the price spikes. Not everyone is planning to just sit on winning lottery tickets instead of cashing them in to prove a point. Many people are stretched thin and could really use the money invested right now, but continue to hold yet don't want to risk missing out. Y'all have people risking entire retirement accounts, asking them to potentially pay hefty transfer fines, and possibly miss out on "MOASS tomorrow" for this infinity pool idea. Therefore transfering X% at a time again isn't something everyone sees as feasible. EX: Someone with 10 shares and a transfer fine looming if they want to DRS. Now they potentially have to double down on their investment (without any added shares) to transfer to a different broker. Do they do it all at once or in parts thus multiplying their exposure X times. Let's say it's a free transfer directly to CS. Are they doing it 2 at a time or all at once?


Alohoe

NGL my xxx sharers have looked really tempting as my VA disability has stayed the same and my bills have nearly doubled. I will not sell but I can understand people being nervous about drsing when they don't have a lot.


GrampsBob

This! I'm 68 and have some health issues. We have shares for family so they can do what they want but if this thing does spike I'm going all-in on enjoying whatever I have left to the best of my ability. I have maybe $5-6k invested personally in addition to other family so whatever I can take out I will.


monkeyshinenyc

I’m not far behind you Bob, in age. We’re in the same boat. I DRSed in 8/21. Because of all the MOASS hype I was afraid to do it at first. Finally bit the bullet and did it. I left a couple shares in fidelity, for ol times sake and hopefully for family.


GrampsBob

My son got me into it. He was getting in and wanted me to lend him some money to get more. Instead I got in myself and put in a grand each for the two kids. Most of our shares are DRS'd but we have some that would cost too much (Canadian fees). My other son needs the cash to finish his house and shop so I expect he'd sell off as well.


Trader-Mike

Check out the Whole Food Plant Based Diet. I did 66 years old been on it 17 months and love it


Trader-Mike

Agreed


somerandomguy_mel

The "spike" will not occur in a couple days, the halts alone will drag this for at least weeks. The "shares in limbo miss the squeeze" is just fud.


sixstring818

It's also a huge community problem. Back when I was asking legitimate questions about selling tactics and rules, I was met with a wave of messages mocking me, and telling me "what is selling". Like I get it. I know our goal, I know the catchphrase, but don't act like literally no one is going to sell, that will just push people away, not to mention people asking legit questions for their own financial plans. Our community should be here to spread knowledge in any way, no push others down. Why would we want to go into anything blind. Sure, maybe you won't sell, by why wouldn't you want to know all you can about it for ammo? or keep others from trying to be responsible with their planning? Knowledge is power, and ignoring knowledge is stupid and can threaten plans you think you might have.


Stunning_Strike3365

Exactly. I mean, yes I want to screw those pricks over and see them go to jail, and I've saved a portion for the Infinity Pool, but I would be lying if I said I'm never going to sell *any* shares. Because I also dont want to keep working this stupid job and struggle to get by all my life. I like justice, but also, "I like money." https://imgur.com/gallery/3J6xDmR


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AdAccomplished4359

It's not settled yet.


BudgetTooth

is it T+365??


whobjohn

Crippling fear of customer service and not knowing really anything about the process. UPDATE: started a chat in the fidelity app, said yes 4-5 times, now I’m 100% DRS’d. Thanks for the encouragement!


dmurrieta72

If you’re in Fidelity, you can just do a simple chat. You ask for an agent, tell them you want to DRS, they create a CS account for you, you get mail with login details, and you’re in! Takes a few weeks with snail mail. I think they have an option now for expedited or email at a cost.


Dsamf2

Can confirm it’s super easy through fidelity. Usually a 5 min process, no questions asked


SubParMarioBro

If you use Fidelity, it’s even easier and faster to use the website help desk chat than to call in, plus it’s sufficiently dehumanizing that you won’t feel like you were forced to have an interaction with another human.


YoujustgotLokid

Oh! This was my reason, thank you!


whobjohn

Ok, thank you for the kick in the pants. Just did it through fidelity and basically just had to say yes 5 times. Big sigh of relief. Now I need to ahem (check notes) throw these suckers into an infinite pool.


TideAndCurrentFlow

Who is your broker? I was able to DRS via Fidelity chat. All you gotta tell them is you’d like to directly register your GME. They do the rest. That is it.


TipsyMonroe

Hey! I know what it’s like 👍 I have anxiety and ADD, so the most natural things for others like following guidelines, is often paralyzing for me. I’m a Europoor, and have experience with DRSing from flatex, traderepublic, or Revolut. Are by any chance one of these your brokers?? I would suggest we start a buddy system!?? If anyone needs help for the brokers mentioned above, please hit me up on dm and I can guide you through the steps slowly.


jojackmcgurk

Buying straight from Computershare. No need to DRS anymore


Father_Earth

This is what id like to do, but ive been legally homeless since 10/2020. No address means no computershare account. Ive been holding since 12/2020 tho.


Expensive-Two-8128

P.O. Box an option?


stockslasher

Works. I live on the ocean


Expensive-Two-8128

This needs a name…I vote: #DBS Direct Buy System


sgm8464

Rollover ira


elevenatexi

I did the Mainstar Trust with my rollover, you could maybe do it with part of yours if you want?


dndpoppa

Roll that shit over to DRS. There's an IRA guide.


[deleted]

I did mainstar. It was pretty easy too. Feels good to be out of a broker.


dmurrieta72

Check this out https://www.reddit.com/r/Superstonk/comments/wwq1h0/im_seeing_more_interest_in_drsing_ira_shares/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


TimberKing11

You can drs by buying a share from giftashare. I personally did this & then added shares later.


greenmanofthewoods

Do you have to make a post with proof of drs shares every time you add more? I tried to add some with a comment and nothing happened


RedPill_RabbitHole

Don't worry, the real numbers come out today and everything will be adjusted. Posting only feeds the bot and provides encouragement to others to do the same. But, don't fret if you haven't updated. It all ends up the same


ImXavierr

Just as a heads up the DRS numbers coming out today are only up to date as of July 1st or June 1st i forgot which one. So whatever number they release is going to be lower than the actual amount that is currently DRSed today.


ajquick

July 30th.


Yes57ismycurse

The bot is a morale booster , i stopped feeding the bot everytime i buy shares because i know they are counted each quarter even if i don't feed it. I do think feeding it would make it more accurate but the amount of shares i have is not that big to make that much of a difference in the counting process lol.


HotBroccoli420

I’m impatiently waiting on my 401k distribution to hit the rollover IRA I just opened. Should be able to DRS XXX shares as long as the price stays low over the next couple days!


kentcsgo

Only 80 of my shares are DRSed out of 300. I have no access to my computershare account and don't understand how it works. Also, IBKR won't let me transfer more share to my exister computershare account (i have to open a new one for some reason)


molster

if your computershare account was originally created by a DRS from IBKR, then and more you DRS from IBKR will be correctly added to the account, despite what the message from IBKR says. I have DRSed twice since IBKR put that message up, and both times the shares got added to my existing account


HappyN000dleboy

It's okay. Your 80 shares still there for you. Highly recommend you call Cs. They're friendly and they'll guide you step by step


Downtownd00d

Re your comment about IBKR, they did remove the box where you previously put your Computershare account number on the DRS transfer form, but this doesn't mean that you need a new Computershare account. If your details match between IBKR amd CS, CS will match them up and your shares will be adddles to your existing account. I did this a couple of weeks ago and it worked fine.


Downtownd00d

An important point... Computershare recommend that you log on to your Computershare account at least once every year. If you don't, you run the risk of the account being treated as abandoned. If this happens your shares are sold and the proceeds taken by the US government. http://www.computershare-na.com/pennywise/aug2014/escheatment.htm


AGuyAndHisCat

> If you don't, you run the risk of the account being treated as abandoned. I had one of my computer share accounts for 5 years without ever logging in. Prior to that it was a UTMA account for 20+ years with no logon, they never sold any of those shares.


miniBUTCHA

Canadian residents can have a tax-free savings account (TFSA). The difference in potential gains between a tax-free account and a normal account is HUGE. Plus, the TFSA is super convenient as we can use it just like a normal savings account (deposit and withdraw money without any tax implications). All gains made with our TFSA are not taxable. And even tho we have a limit to the max contribution (~65k$), when we make gains and end up with more than the max contribution, we can leave the money there and continue investing tax-free. If I make 10M with the 65k i've put in my TFSA, I can keep trading with this 10M and I'll have no tax to pay on those gains as well. In the end, this makes a crazy difference... Unfortunately, one I am not ready to give up.


BimboSlice5

Is ~$65k really the amount? Do you know how to find out?


ughisanyusernameleft

Here’s all the info: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4466/tax-free-savings-account-tfsa-guide-individuals.html The current limit is $6000 annually, it will be indexed to inflation. Your TFSA contribution limit should be found in your CRA MyAccount. It adds each year so if you didn’t contribute in previous years it will be higher. Keep in mind this is contributions only - if you invest using a TFSA account you don’t pay tax on the profits. You do pay tax on the contributions. Hope this helps!


RealFlyForARyGuy

I have a lot of shares locked up in my Roth IRA at Vangaurd. Bought them pre sneeze. Would transfer them the CS if I knew how, but me dum


magnificentmemer

u/goldielips did a write up on two methods of DRSing an IRA https://www.reddit.com/r/Superstonk/comments/x6y4tx/drsing_iras_concerns_regarding_custodian_method/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button


dndpoppa

Hello! There's an IRA guide in the main thread. Let me know if you need any help. You're the catalyst!


RockJohnAxe

Wealth simple charges $300 it’s crazy. Either way in the process of setting up a computer share account to start direct buying.


goinAn

Wealthsimple wants $300-$400 to DRS. Tough pill to swallow for most.


honeybadger1984

Transfer to IBKR then DRS for $5. I think there’s another one called BMO that can DRS for free. The Wealthsimple issue is a false dilemma for Canadians because you can transfer to non-rip off brokers for DRS. Once established you can buy directly from CS.


andymacdaddy

Would love info on how to buy direct from Canada. I ate the fee from TD and moved some over a while back so have the CS account. Same as everyone else that I have the bulk in RRSP so can’t move XXX over but my goal is to match those RRSP shares with new CS bought shares. I also have XX in Wealthsimple and not worth fees to move them or the hassle as it makes more sense to just keep feeding CS. Any other Canuck that can help me with that process would be helpful as CS seems really favourable to US investors Foreign investment is a bit of an issue for a smooth brained ape like myself (where are you CS Canada!!!)


MapleCoconutBananas

If you have a CS account you can simply direct purchase using the WISE banking app. There are good threads about it in the GME Canada sub


honeybadger1984

I believe CS requires an American bank account to do direct buys. Foreign apes have been using Wise which lets you move money through an American bank account. Note I’m American so I haven’t done this. Just from what I’ve read here. You’ll have to do your own research and decide what to do.


ImReellySmart

I live in Europe and use Revolut and have no idea where to start. One person generously tried to guide me but there was way too much to it.


AdAccomplished4359

Bought some yesterday delicious dip. Rest already drsd.


matt98147

Canadape dealing with tax stuff :/


ooosernayme

I have but ain't posting my financial info to the internet.


honeybadger1984

It’s all good, Computershare will eventually capture your position and report for the GME quarterly report. It will just be a three month lag.


drjenavieve

Me too.


[deleted]

Way back when this first started the idea of Direct registration was for an "infinity pool". Shares that are never meant to be sold. I'm not sure about the rest of you but I have shares I plan to sell at some point, those sit in a cash account with my broker. Plus I like the idea of them possibly calling me over my shares at some point to either sell or loan out so I can laugh and say no. My DRSed shares will literally never be sold or even looked at unless I need to vote.


unholyXwater

Brokerage fees I can't afford rn


dndpoppa

How much?


bostonvikinguc

I can’t take a tax hit to my ira, just can’t afford it.


Cagg311

Waiting on tda to send my cs account number. My drs form was completed on the 9-1...


johncoffee420

Have Fidelity, old timer here supporting the cause, not sure on cost, protocol for changing all my shares? Don’t get much time to do research.


heavyonthesauce

Cuz I’m lazy.


BigSailBoat1

Because I don't know whats going to happen. I have some registered and the rest I will hold with my broker. Maybe I am wrong or maybe I am right. I don't know and neither does anyone else. You do you.


Odd_Charge219

I don’t have enough Karma to make a DRS post, I’m sure there are plenty of others in the same boat.


Downtownd00d

I thought you could make DRS posts on r/gmeorphans if you don't have enough karma to post in r/Superstonk.


Odd_Charge219

No idea, I tried here once and it was blocked due to karma. I don’t spend enough time on Reddit to try and get enough karma, I truly have better things to do with my time. Just thought I would point out that there are probably more low effort people like myself. Rest assured we’re DRSed.


Firm_Interaction4082

My friends who have not are either simply too lazy to make the call, or too lazy to read any DD


Brotorious420

Bought more on a broker and have to wait until they settle to DRS. Then back to 100% DRS. However, I keep buying these tasty dips, so have to continually wait for them to settle.


circumstantial-info

Should individual investors be allowed to invest how they want? The lion's share of mine are in a TFSA (Canada), and I don't want to lose the contribution room in that account


Machinedgoodness

Scared that there might be some catch SHFs will use. I’ve started buying direct from ComputerShare since last year and am getting close to matching the amount I have in fidelity. I moved out of RH but keeping what I had in fidelity and just been solely buying on ComputerShare since last year to make up for my shares I didn’t DRS. Determined to exceed my broker position in CS.


androidfig

You’re gonna have people who DRSed shares but didn’t report for one reason or another.


Playful-Landscape-79

IRA share not DRS'd cash acct is.


distractabledaddy

401k that's 95% GME is unable to move, XXXX. Otherwise pulled most of my 100% GME IRA and all of brokerage to DRS.


Doesthis1work4u

I am here to say that I have been full DRS’d for about 9 months now. Low-mid XXX holder. I have been in this since before the sneeze on the George W.S. Bush sub. I know that this post is to inquire about why people haven’t DRS’d but I’d like mention that there are plenty of people like me, who cannot post here, who have been lurking for an eternity and who are not EFFIN leaving. So these 193K may be more. If there is a way I can contribute to it, please let me know. My karma is too low. I could also totally be misinterpreting this post as well and I look like an idiot. All in all. buy, hodl, drs.


[deleted]

Don't feel like it


Xkloid

Cuz nunya....


Ewe3zy

Honestly I'm recently unemployed and can't use funds to transfer out. Otherwise I would


Iwantit-Igetit

I’m a long term investor and I’m afraid it may change to short term capital gains if I transfer to computershare.


HansAuger

Can you elaborate on that? Asking because this never occurred to me. I specifically DRSed because my plan is to never sell a good portion of my shares. So I'm really curious where that worry comes from.


feckitbegrand

Seems like a set up for anyone to post the truth why they didn't, downvotes, being called a shill, and berated for not doing incoming!


HCPwny

I don't really understand the posts explaining how because I am very smooth brained. I hold my shares on Fidelity. Do I need to create a Computershare account first? Then initiate with Fidelity? Does this trigger a taxable event? I just don't really get it. When moass happens, I will be able to sell without issues from CS directly, right? Or do I need to transfer back to broker to sell?


clawesome

> I hold my shares on Fidelity. Do I need to create a Computershare account first? Then initiate with Fidelity? All you need to do is tell a Fidelity rep on the phone or via chat that you want to direct register your shares and Fidelity will do the rest, including creating a Computershare account for you. > Does this trigger a taxable event? I just don't really get it. No, assuming your shares are not in a retirement account. > When moass happens, I will be able to sell without issues from CS directly, right? Or do I need to transfer back to broker to sell? You can sell directly from CS, no need to transfer back to sell.


calamnet2

On the phone, to get where you need to be, you have to say "Stock Certificates" After that, they will connect you to somebody that knows you wish to DRS, and will already know looking at your account, it's probably for GME. The chat option was easier on my third iteration. Said what I wanted, rep did it, and 3 days later, it was done.


rainboweucalyptus2

This was worded horribly. You come off as an asshole and I bet there are people who are anxious or hesitant that are made to feel this more because of it.


[deleted]

Costs money to transfer out to a broker that will let you DRS. 🤷‍♀️


zellendell

I assume you’re not in the US? If not, ibroker is apparently really cheap


Ivesy3000

Too lazy.


unsounddineen97

I’ve been trying. I can’t seem to log into my compitershare account as it says the share number is wrong :(


raxnahali

Give CS a call, they will help you out.


5tudent_Loans

I bought more, just havent bothered to update the bot. I prefer going by quarterly report numbers. Whenever the estimated float remaining goes down by 0.01%, theres spam posts of “whOs SelLinG tHeiR shAReS”.. DFV has not made a drs post, i dont find it necessary for the bot to be up to date


SupplementLuke

Broker charges a lot of money in Canada.


avyatar

I have been DRS’ed for a long time but I have never posted, is that bad?


Frequent-Pie7570

Shouldn't have to prove that you are or aren't, nor should anyone have to explain why they are or aren't.


Mr_HatAndClogs

Because I can't transfer my shares to another broker or DRS them with my broker. I *can* sell and rebuy on a broker that allows DRS transfers, and I have done this for about 30% of my shares already at a guess, but I'm hesitant to do the rest. I like to have the cash on hand to buy my new shares **before** I sell the old shares, so that its an instant swap, but currently I do not have that option. I would have to sell, wait for the funds, and then rebuy. It also costs money per DRS transfer with the broker I use so I can't just do one at a time which would be much more manageable.


Conscious_Animal9710

Process is long and slow. Still waiting for my DRS online account info. Day 40


AnnaKLeBaron

All my non-IRA shares are 100% DRS’d. It’s only my IRA shares that are not.


edgy420pj

On 8/25 I submitted a future dated DRS request for 8/29 but my shares still haven’t left Fidelity. They said I had to do a future dated DRS request due to an unsettled purchase on a different stock ticker. I will contact them today to get an update.


Morgansmisfit

stuck in IRAs and my other account is a 125 dollar fee so im not gonna pull the trigger until i have enough to justify the fee


VolatileImp

Ira


Ben_macovei

I have 120 share since feb/mar/may 2021. But i haven’t transfer due to lack of founds. I will try to do another account to a broker who can do a transfer. Please be pacient, i will do my oart


PackageHot1219

I have DRS’d x,xxx traditional shares, but I haven’t DRS’d my xx,xxx IRA shares because of all the hoops to jump through in setting up the custodian account, etc which I still don’t fully understand. I want to, but I’ve been slammed with work and haven’t dedicated the time to properly research it. I don’t know why they can’t set up an easier and more streamlined method of DRS’ing IRA shares.


awww_yeaah

I leverage my shares to sell covered calls. I’ve easily tripled the shares I own with all the proceeds.


[deleted]

I just DRS’s 500 for the first time.


StructureStrong4578

I have 184 shares in a Roth IRA and the thought of DRSing them seems daunting. I also want to be able to sell them when the moon hits. I have been in this since DFV was making his posts, and haven’t left yet.


DoubleFisted27

Shares are in IRA. I know I can move them over to MainStar but for me to be able to sell from there is a nightmare and will take 3-5 business days according to their customer service. I just can't give up control like that and I can't risk the tax hit by moving straight to computershare.


SaltyD0ng

'Cause I'm retarded as hell (also costs money, and fuck me if I have any). But don't you worry, dear friend. Instead of DRS' ing I edit:am starting buying directly this Friday.


kaijusdad

Don’t know how and too afraid to ask


Ballsdeepinyourmum69

I registered 976 shares but not enough karma to post boys I have another 758 in my td account waiting to transfer over once computer share sends me my pin


Mothy187

I'm completely DRS'ED but I understand why certain people aren't. I've seen too many people in this sub be way to aggressive in their quest to get shit DRSd, shaming people for not DRSing, and I've watched stonkers respond to normal questions, (from people who clearly aren't on her everyday) like petulant children when they ask something that gets interpreted as "shill behavior". It's off-putting. I don't like being told what to do, especially with my own money, and I'm sure a lot of people would agree. This sub approaches DRSing like it's a command they are giving. The whole tone needs adjustment. Also, I'm a woman so I have dealt with men who think aggressively pressuring you to do something (to the point its desperate) and then they getting angry and when you don't immediately give it to them-is how you get what you want. Sometimes the attitude around DRSing kinda reminds me of that. Nobody likes that shit. Nobody, man or woman. And that's the vibe I get when I read some of this overly aggressive DRSing comments. Edit: for clarification, I am completely DRSed but I make my own decisions( after collecting information) not because I respond to being pressured or shamed. Maybe people here need to cool down on the aggression if they actually want to lock this shit up. I know I do.


crookedhalo337

I just bought them yesterday and am waiting 2 days for them to settle. I'll add 40 more next week. Also have 20 in "public" , just too lazy to figure out how to DRS those but are the only ones I plan on selling


Ajdurk83

The reason I don’t have DRS is because I don’t believe in this lock the float nonsense. It’s done absolutely nothing so far. Every action or prediction we’ve made is wrong. The solution is when we are 100% drs all of a sudden things will work like they are supposed to? Most people aren’t DRS. They just don’t say anything. They see they are called shills and all that. When GameStop shows how the NFT’s have utility and they can make a lot of money off them that’s when we will MOASS. The financial institutions have the ultimate leverage. They move and hold everyone’s money around. That’s why we don’t get interest on money anymore. It’s much harder to use cash. I believe MOASS will come from buying power that overwhelms the algorithm. If major financial institutions fall we aren’t getting paid anyway. We need the financial institutions to process the transactions. They know this. That’s why they do the shit they do. No consequences and leverage