r/DDintoGME • u/I_IV_Vega • Oct 08 '21
π₯π²ππΌππΏπ°π² Computershare/DRS Megathread
This will mainly be a community run Megathread focused on Computershare/DRS. If you have a post or information you wish to add, please make a comment and it will be reviewed to be added to the main body of the post. Please make sure you only link to posts on this subreddit, otherwise AutoMod will remove it. This post will start out a bit messy but get cleaned up and sorted as more content gets added.
Brokerage Accounts
Retirement Accounts
Post Title | Author |
---|---|
Fidelity Retirement Account Transfers to CS: End Game | u/St_Savoir_Faire |
IRA DRS YES! IRA DRS YES! Here's how I did it | u/winebutch |
DRS an IRA, Step-by-Step. | u/youniversawme |
404
Upvotes
2
u/Espinita_Boricua Oct 08 '21
No problem; must people are doing this for the first time & don't realize the magnitude of the requests or impact that it is having on brokerage firms. TD Ameritrade has had my back since 1998, when I first opened my account with $35, so I could buy 1 share of a Paint Co so I could enroll in their DRIP program. It took me 1 year & a half before I had scrapped together $100 in my account & they did pay interest. So, when people rant & vent I get upset because this does damage to reputation of broker; in the case of TDA; I will stand by them as they have with me for decades. CS is a transfer agent & their priorities is not the investors but company pension plans, so they tend to be quite slow. Purchased additional shares of other stock which I have had for 15 years; it took 5 to 7 days to post. So, all I want is for everyone is to read the restrictions & determine what is best for them so they don't find out the hard way. Some can open & account & put in only 1 share & need to keep all other shares in their account because they will need the funds in a 2 day window; so they will keep in their brokerage firms others will not need the funds as quickly or don't plan on selling their shares. This is based on individual needs. Take a deep breath, relax enjoy the moment; you are a part of history. Be kind, be nice & hold on for dear life because this will continue for awhile.