Switching from Automatic Buys with Computershares to Broker Purchase, then DRS.
Switching from Automatic Buys with Computershares to Broker Purchase, then DRS.
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The original was posted on /r/Superstonk by /u/mclc89 on 2023-08-04 23:51:45.
It appears that some individuals have figured out a pattern in the actions of Marker makers and brokers, particularly related to Computershares' purchases. As a result, I've decided to change my approach. I will stop my automatic monthly purchases through Computershares and instead opt to buy shares through a broker.
I understand that the automatic purchases may not provide the best prices, and I still need to transfer the acquired shares to book. In my opinion, it's more practical to buy a specific number of shares and directly move them to a DRS (Direct Registration System) book. This approach seems preferable to depositing a fixed amount of money into Computershares each month and then transferring the shares to book, which incurs some losses while converting the shares to the DRS book format.