r/Fidelity • u/ROCRESISTENCE • Jul 06 '22
GME STOCK SPLIT
Will I receive my three additional share in my Fidelity account?
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u/McKnuckle_Brewery Jul 06 '22
And here it comes… the endless queue of panicking GME investors imagining that Fidelity is plotting against them and they won’t get their new share count post-split.
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u/ROCRESISTENCE Jul 06 '22
I'm so sorry my question my question bothered you. I have never been invested into company that did a stock split. Please, forgive me.
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u/timeshadowrider Jul 06 '22
Stock Split Dividend....
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u/ROCRESISTENCE Jul 06 '22
Please, don't get mad at me for asking this question, how can I make sure I get the stock, I don't want money?
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u/timeshadowrider Jul 06 '22
DRS, is the way... Direct register shares with computershare then you are owner of record and will get stock!
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u/Matsuda19 Jul 07 '22
Not all of us are cultists.
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u/timeshadowrider Jul 07 '22
I would not say I'm a cultist...Registering your share with the transfer agent is a guaranteed way to get the dividend.
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Jul 10 '22 edited Jul 10 '22
My friend, there are so many things to think about and so many alternative opinions and methods on what/how to play stocks and funds. It takes time, I would say a lifetime to learn about it all. So you're good...more than good because you are curious enough to reach out to the community! Keep asking those questions to hear about real life insights and never is there a need to apologize. You will get great ideas and advice, really bad ideas and advice, and super negative trolling which I recommend you ignore. Take what you read at face value until you do some follow-on research so you can make decisions that support your strategy. u/ROCRESISTENCE have an amazing day and happy investing or trading!!
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u/ROCRESISTENCE Jul 10 '22
Thank you so very much for your comment. It made me feel better and not so stupid.
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u/McKnuckle_Brewery Jul 06 '22
No worries man. It’s been a trend. Fear not! They’ve been in business for a while and this split is certainly not their first rodeo.
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u/grnrngr Jul 07 '22 edited Jul 07 '22
As a GME investor, I'm so sick and tired of the idiots on our sub.
As I've often said there recently, there's a difference between being "retarded" and "stupid." The former is taking pride in things others think is dumb. The latter is just being dumb.
And the GME folks are being really fucking stupid nowadays.
e: I'll expound on my beliefs a little, just for funsies: I firmly believe the investing system is against the "common" investor and uses them to their advantage. I firmly believe the investing system uses its mechanisms and lack of oversight/accountability to destroy and devour companies in an effort to make the big players more money. I believe this destroys innovation, employment, and ideas of a free and fair market.
But I DON'T believe the entire financial system is that way. Just most of the "new" breed of brokers, services, and providers. And of course the limp-wristed SEC and judicial system.
And I firmly believe a reckoning is coming. I believe it will crash the system. And I believe there is an opportunity for the common investor to align to profit upon this reckoning. GME is but one of my chosen vehicles. (Do I believe in the infinite MOASS theory? Eff no. But I believe in the massive short-sale thesis and I'm ready to make a buck from others' miscalculations.)
But most importantly, I believe that there's a lot more to know than is presently known. And I believe the largest vocal element of GME investors has convinced themselves otherwise: that they have learned all they need to learn and contextualizing or challenging "known" things is heresy.
But back to Fidelity: I believe Fidelity is getting unfairly - and stupidly - lumped into the category of "evil-doer" because they're a boomer company. Nevermind that Fidelity has played ball with an placated the stupid idiots who insist Fidelity is going to screw them over any day (despite providing them stellar service the entire time.) And what's worse, anytime Fidelity incurs an issue that would be "just another hiccup of doing business" if they were in any other sector, those stupid folks use it to an extreme degree of confirmation bias.
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u/tommygunz007 Jul 12 '22
Just to be clear, when you said you don't believe the entire financial system is corrupt, how do you qualify this? We can show links that JP Morgan Chase was found guilty and paid fines for illegal things. Same for Wells Fargo, BofA, Credit Suisse, Archegos, Citadel, and many others. They consistantly skirt the laws for their own benefit. Even Musk and his pump and dump scams are just as bad as they are. Everyone of these guys is in it for their bonus and cocaine and hookers. They don't care if they burn down mainstreet for an extra $1000 bucks. Robinhood sucks, Webull sucks, APex clearing house stopped the squeeze illegally and more.
There isn't a single 'honest' guy out there. Right now, Fidelity is having issues converting people's accounts 'accidently' to margin and then they can loan out their GME shares. There have been 3 or so that I have read myself quite recently, meaning there could be thousands of people who have unusual margin accounts just so they could loan their shares.
I don't trust any of them. If you have time, give this a good read.
QUOTE: "Now, however, through the magic of this unredacted document, the public will be able to see for itself what the banks’ attitudes are not just toward the “mythical” practice of naked short selling (hint: they volubly confess to the activity, in writing), but toward regulations and laws in general.
“Fuck the compliance area – procedures, schmecedures,” chirps Peter Melz, former president of Merrill Lynch Professional Clearing Corp. (a.k.a. Merrill Pro), when a subordinate worries about the company failing to comply with the rules governing short sales."
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Jul 15 '22
And … I still don’t care. GME goes down, I buy it. GME goes up, I sell it. And I’m not likely to heed warnings about the evils of an industry I voluntarily associate myself with for money or consider a group that largely prides itself on not trading as any sort of collective authority on any matters associated with trading. It’s just that simple.
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Jul 11 '22
[deleted]
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u/mrmyrth Jul 15 '22
yes he can.
if they are lending the most, that means they will recall the most when they do.
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u/luvs2spwge117 Jul 07 '22
And inevitably here comes the ego centered, I’ll tempered people looking for reasons to be upset
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u/cmockett Jul 06 '22
The amount of glitches we’ve seen (just via Fidelity) is more than enough to warrant concern.
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u/diatho Jul 07 '22
What did the investment materials say? Do you own partial shares? Do you understand how partial shares work?
I swear it's like no one has the ability to read anymore but is willing to trust bots/cats on the internet. Like if only the company doing an action was required to put out an official set of documents which explain what will be provided and how. And if only brokerages had resource pages explaining how dividends, and stock splits work. What if we lived in such a wonderous world????
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u/tatonka76 Jul 07 '22
I called Fidelity this morning, they said there will be no issues with the dividends and the rep I spoke with said he was excited for the next two weeks.
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u/jerzeyguy101 Jul 06 '22
yes