Source
m_mck1•

Well shit.

Side note: Anyone else not get an email about voting?

Convenient timing with this coming out....

6
Susanneelizabeth•

I haven’t got an email re voting yet either?

3
m_mck1•

Got mine now 👍

2
Susanneelizabeth•

Me too! Yay

2
[deleted]•

[deleted]

1
LePurplePhantom•

100% get off. Go IBKR. Apart from this, they can't even seem to follow their/DW's own rules to ensure they comply with FINRA from a customer perspective.

5
adamispeng•

And use what in Australia?

5
burntown91•

Well what do we fuckn use instead haha

3
Life-Efficiency-8456•

more ape shit

1
mal3kOP•

Stay broke

-2
Donkald•

So, what is the reference for the graph?

like:

the URL

the verifyable source (news article) of the graph.

I can make a graph like that on paper, photograph it, post it anywhere and the sheep all fall for it.

Has anyone here done any research to find out where this graph was obtained? Yet you all jump on the "condemn" bandwagon..... seriously?

All of you please, go somewhere else. Believe the FUD with another broker.

0
mal3kOP•

Let’s see stake wiggle their way out of this one. I’ve said it once and I’ll say it again stake is the robinhood of Aus. Get the fuck off them now.

-3†
GilmourNZ•

To be fair to Stake customer service they don’t have any control over what Drivewealth as a company does. As with Hatch or Sharesies although fuck Sharesies as a shitty company on its own.

By all means use Stake to facilitate the trade. Then transfer those shares out of there and direct register them in your name otherwise you’ll never truely own them!!

5
mal3kOP•

Drs is the way

2
bigfatpeach•

​

I'm a total noob, what is direct register?

2
GilmourNZ•

Yea good question!

Back in the day you used to receive a physical certificate when you purchased a share in a company and so it would physically be in your possession and nobody else had access to it until you decided to sell it.

Nowadays with the internet we purchase a share in a company and instead of a physical share - it gets recorded as a book entry. But because we end up buying through a broker - it’s not your name they put down on the share. It’s theirs. You’re just recorded on their system as having an entitlement to one of those shares.

How does this effect you? For starters they’re making money off your share that’s not in your name. They can lend it out, package it up into contracts or use it against you to short a stock.

This last one is the problem we face - as we purchase a share in the hopes it goes up in value over time. And we presume we are living in a free market where supply and demand would cause this increase in value if it’s a great company with a great future and we know other people are going to want to own this company more in the future.

But if there’s an overwhelming amount of sells on the company that outstrips the demand to buy then it drives the company’s share price down. This can be done synthetically by rebundling and repackaging our shares in different ways all in the name of driving the share price lower.

To mitigate this, you can remove your shares from your broker and direct register your shares in your name where only you have a say in what happens to your shares. They go into a depository trust company and your name is on the book entry for those shares where no one else can touch or manipulate them.

But it takes a whole movement for this to become effective!

3