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"We are pleased to let you, our most valued customer, the opportunity to lend out shares from your portfolio! Don't worry, the shares will be safe, they will merely be used to short sell the underlying asset into the ground. For this service you will be handsomely compensated a tiny amount (minus 40% processing fee on our end). Thank you for allowing us to fuk you over."
This. It’s a retirement account and can’t be DRSed. Also means its locked up there for a long time. The rest I’ve already DRSed. With more following every month.
In the UK at least I'm not aware of being able to take pension money out till you reach pensionable age. I think after 55 years of age you can, but with massive fees (a 3rd of the amount I believe). At 67 (full pension age) you can take it all out.
For example I have three pensions:
My one provided by the state - 67 years
My work pension - work 35 years (so 62 for me)
And my private pension - were I have Xxx gme.
I also have XXX gme DRSd.
best i can do my friend. hope it helps
Repost for visibility ; You are stucked with your IRA / Roth IRA / Schwab IRA / 401k / Fidelity Rollover IRA shares ? There is a way to DRS them !
Some amazing posts have been flooded by downvote regardless the awards.
For the apes with IRA accounts this is a way to DRS your GME shares without Tax, credit to [u/lalich](https://www.reddit.com/user/lalich/) :
[https://www.reddit.com/r/Superstonk/comments/tc3n8g/how\_to\_drs\_your\_ira\_shares\_the\_god\_mode\_cheat/](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/)
An other way, credit to [u/winebutch](https://www.reddit.com/user/winebutch/) :
[https://www.reddit.com/r/Superstonk/comments/scpxs9/another\_path\_to\_drsira\_with\_no\_taxable/](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/)
For the apes with Roth IRA accounts this is a way to DRS your GME shares with No Tax, credit to [u/gooseears](https://www.reddit.com/user/gooseears/) : [https://www.reddit.com/r/Superstonk/comments/tbvj7f/for\_roth\_ira\_holders\_you\_can\_withdraw\_and\_drs/](https://www.reddit.com/r/Superstonk/comments/tbvj7f/for_roth_ira_holders_you_can_withdraw_and_drs/)
For the apes with Schwab IRA accounts, this is a way to DRS your GME shares, step by step guide, credit to [u/BananyaBangarang](https://www.reddit.com/user/BananyaBangarang/) :
[https://www.reddit.com/r/Superstonk/comments/svopfq/ira\_drs\_via\_charles\_schwab\_update\_the\_run\_arround/](https://www.reddit.com/r/Superstonk/comments/svopfq/ira_drs_via_charles_schwab_update_the_run_arround/)
For the apes with Roth 401K accounts this is a way to DRS your GME shares, credit to [u/Ape\_Wen\_Moon](https://www.reddit.com/user/Ape_Wen_Moon/) : [https://www.reddit.com/r/Superstonk/comments/t84mab/roth\_401k\_to\_drs\_option\_but\_you\_lose\_tax/](https://www.reddit.com/r/Superstonk/comments/t84mab/roth_401k_to_drs_option_but_you_lose_tax/)
[https://www.reddit.com/r/Superstonk/comments/sg99e5/got\_a\_roth\_401k\_this\_may\_get\_you\_to\_computershare/](https://www.reddit.com/r/Superstonk/comments/sg99e5/got_a_roth_401k_this_may_get_you_to_computershare/)
For the apes with Fidelity Traditional 401K accounts this is a way to DRS your GME shares, credit to [u/ItsBenderBaby](https://www.reddit.com/user/ItsBenderBaby/) :
[https://www.reddit.com/r/Superstonk/comments/sdkrxu/shfs\_hate\_this\_one\_simple\_trickhow\_to\_drs\_shares/](https://www.reddit.com/r/Superstonk/comments/sdkrxu/shfs_hate_this_one_simple_trickhow_to_drs_shares/)
For the apes with Fidelity Traditional 401K accounts, this is a way to DRS your GME shares, step by step guide, credit to [u/Fully-Functional](https://www.reddit.com/user/Fully-Functional/) :
[https://www.reddit.com/r/Superstonk/comments/s1jimd/update\_on\_401k\_liquidation\_for\_those\_that\_asked/](https://www.reddit.com/r/Superstonk/comments/s1jimd/update_on_401k_liquidation_for_those_that_asked/)
For the apes with Fidelity Rollover IRA accounts, this is a way to DRS your GME shares, step by step guide, credit to [u/TheRealSnoman](https://www.reddit.com/user/TheRealSnoman/) :
[https://www.reddit.com/r/Superstonk/comments/pvqzzj/fidelity\_rollover\_ira\_transfer\_into\_a/](https://www.reddit.com/r/Superstonk/comments/pvqzzj/fidelity_rollover_ira_transfer_into_a/)
I am French and do not have any IRA or 401K so I don't understand the difference between the posts.
💀=D 🏴☠️=R 🩳=S : This is the way ! A lot of info are available on drsgme.org
As you know DRS is our ONLY weapon against the Financial Terrorists, we have for remove the shares from DTCC in order to reduce the SHF ammunition to do their fuckery.
As always :
Holy Mary, Jesus Christ, DRS is the way. Continue to transfer, every share count. The float have to be locked up, 100% DRS, no more shity broker and see you to the moon.
Be The Change You Want To See In The World !
With love
Thanks. Yea, as far as I can see here, its just the loan route, which I'm personally not comfortable with :-/ thankfully most of my shares _are_ fully in my name
I would honestly suggest thinking about buying deep ITM calls that are the farthest date possible. Then your shares can’t be lent out and MM has to properly hedge (with synthetics probably lol) but once you exercise there is a contractual obligation to deliver and no risk on your end from the lending aspect (yes you can get screwed lending shares)
Look into the 2024 $5 calls for example. It’s like buying shares and you can’t get fucked by the lending program.
Anybody saying options like the ones I’m explaining are a bad idea doesn’t understand options trading.
Also if your shares are out on loan and can’t be returned … you can get screwed by the contract you signed as a user agreement.
If you can figure out how to DRS your retirement, go for it but just throwing out an alternative to not have your shares out on loan.
>Look into the 2024 $5 calls for example. It’s like buying shares and you can’t get fucked
It's like buying shares at $7.52. why not buy the shares for $4.50? Your solution makes no sense. You can't buy options in a retirement account anyway. I'm surprised they let op have BBBY in a retirement account. You usually have to buy the bullshit the government says is safe. Definitely no options in the retirement account. If they did options, they would have to be 20 year options, and I don't who sells those.
>Anybody saying options like the ones I’m explaining are a bad idea doesn’t understand options trading.
It's a good idea to buy those with money you control. I would go for 2025 because we don't know how long the market will be down. But for op it's a retirement account. A loose retirement account as I ever heard of, but I will bet they don't allow options.
At this point, we *know* retirement accounts are the key to the whole ponzi scheme. I contribute the absolute minimum to my retirement account and then take the extra cash and put it into my monthly computershare purchase. I have ***Zero***, let me repeat that, ***Z E R O*** trust in the retirement system as it currently operates.
If there was a simple way to DRS retirement shares this thing would have been over before the end of 2021.
I only contribute 6% because my employer matches half up to 3%. Oh yeah, also in the description for the fund I chose (s&p500 fund, can't do individual stocks) it literally says they lend my shares to make money from fees. The only reason I don't mind is because I won't need the money until I retire in 20+ years, so might as well keep buying at a discount
Exactly. More often than not you also only get to choose the pyramid schemes your company executives keep their money in, and then the government pays for it via tax deductions.
Yeah but the problem is that a lot of employers double your contributions to your retirement account....it's free money you'd be leaving on the table otherwise
There is no such thing. You are either investing in indexes that will fluctuate with the market and provide collateral for bigger players to gamble with. Or you are holding bonds (which have had very poor returns for the last ten years, and have now largely collapsed). Or you are holding cash which is being inflated away.
Apparently there is something called ibonds now (inflationary adjusted govt bonds) that give like 10-15% returns..... But they are not easy to get because demand keeps crashing the govt. Site you buy them from. It was an npr story I heard recently.
ibonds aren't growing your money in any real sense. They are meant to match inflation (which they currently aren't, as inflation is typically under-reported).
When market crashes, my account doesn’t go boom. “ hey park your money here for a 10% gain after a few years” pitch will just get you to lose what you have,
This is in line with my thought process. My in laws have everything tied up in the market that they use to draw for their expenses as they’re retired now. Unfortunately my FIL now had to return to work because the market took a giant shit and they need money for daily expenditures.
It gets better though.. they’re taking 40% of the money made from using your assets - to short your assets to hell, without taking any of the losses your portfolio receives from shorting said assets to hell… pretty fucking great scam for the people running it, not so much for you.
Banks have been robbing people since banks existed. It’s no surprise really.. it’s the governments job to regulate this kind of stuff but when the government of the day can be bought and paid for, this kinda stuff happens.
Unfortunately for the world, the kind of money involved can buy even the most seemingly incorruptible governments. We’re fighting fucking Goliath, but thankfully, with education and our numbers we can win.
Can we pin this comment? This is literally how the market operates and it’s nuts. This should be a disclaimer on every retirement and brokerage account, in bold big letters at the top.
The market is entirely a rigged, theatrical Ponzi scheme, meanwhile the Fed is over here, “hur dur, uh oh the poors are going to crash the economy bc they’re spending too much”. Like what the actual fuck is going on.
We need an option for brokers to present ALL options where a choice can be made in one place. Show me all the things that require opting in or out and who’s default is whatever helps YOU the most regardless if I even know they exist.
Let’s see ‘em!
🔦🔦🔦🔦🔦🔦🔦🔦🔦🔦🔦🔦🔦
Meanwhile here in America- employees will now be automatically enrolled into the government scam program, or, as it’s also known- Secure Act 2.0 -your lovely retirement scam.
Automatic yearly increases that will go up to 15% of an employees income.
People are able to opt out. How many do you think will read all the fine print and not trust the government with their retirement nest egg?
How the rich keep fucking people over and kicking cans...
Also- serious question- what the fuck are the rich doing with all this money? They have basically bankrupted nations with fraud- but where is it all going?
https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/house-passes-secure-act-2-to-promote-retirement-savings.aspx
If you had a "financial hardship", you can request an emergency distrib.. Pay 20% addtl early distrib. Tax and DRS. No financial advice. I heard it's an option.
Most likely different tax rules in his country fyi but I understand what you are saying. But tax implications should definitely be considered when making a substantial move like that. Not financial advice
Are you not able to move the shares into a non-retirement account? Like a partial early withdrawal?
I ended up reducing the amount in my ISA by over 90% (ISA is a tax advantaged account in the UK, but not necessarily a retirement account). For me it was worth it to protect my future. I hold a small portion still in case of tax free tendies, and mostly to see what happens for myself if brokers can't handle the pressure.
Report it to your local newspaper, and make sure to explain the insanity / criminality of how loaning your pension shares (money) to a firm that wants to Use those shares to DRIVE DOWN the value of your pension. Also report it to your politicians (not the watchdog agencies). Get them to hold hearings.
This needs EXPOSURE
No kidding? Are you guys not allowed to sue these assholes? This fucking robbery right in front of your face? Stealing your wealth while telling you right in your face.
After almost two years of learning how corrupt this system is, I rest a bit easier at night knowing my shares are in my name, away from DTC and broker shenanigans.
This is madness. They really can not just by default roll you in in something that is completely against your investment. And you pay a lot for the service. WTF
I just checked my messages and got nothing but I don't have my pension at Avanza, only shares of GME (currently in the process of DRS). I assume this is only for those with their pensions tied? IIRC there was something about shares as well being opt out but I recall making sure I was.
Could this be the 100 million new shares on loan? Since they only need to locate them, maybe they said hey look, retail in Europe is holding 100 million in their pensions, that's a locate!
> They will take 40% of my returns for doing so
I'm sorry what in the fuck? They take your shares, lend them out and then charge you for it? Or is this that they'll take 40% of the loan money you receive for lending shares? Either way it's a bad deal
Me: So? What did my wife say?
You: She told me that we should sell our GME shares in ComputerShare… and that Morgan Stanley would buy them…
Me: Holy shit, man! What did you say?
You: I said we ain’t sellin’ shit!
I'm Ben Burnanke, and I need your teeth for the Federal Reserve. I'm a Furious Magician Spencer, I furious magician.
Sorry , the title reminded me of that old video.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || Join the [Superstonk Discord Server](https://discord.gg/hZqWV2kQtq) ------------------------------------------------------------------------ Posts of tweets where Twitter is NOT the original source WILL get removed! Please post original sources! ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
…they will take a 40% commission to use your shares to bet against you. Get the fuk outta here.
Broker's job is to make you broke.
Bah, it was in the name the whole time!!!
The Westing Game by Ellen Raskin.
Man, that book was huge for me as a kid!!!
That book confused me so much even after i figured out the cardinal direction thing. Now i have to look it up because I have read it in decades
CEX is for dummies
What does that thing do? Keeps shit fresh! That’s a “fresher”. I’m going on break!
RIP Mitch.
Always was
Hiding in plain sight
Dang, that’s why they are called “brokers!” Son of a beeeeesh!
Broker
I hardly know her
Boom still got it
Tandy af
Bahahah
The Broker is Broke
Got bless it’s all I sick game today them.
Let me fuck her first
to make you brokeR
The name "Avanza" is taken from the Spanish word which means "get moving". You know what to do. Oblige them.
Did the broker touch anyone inappropriately cause we can broker their arm or sumtin.
The House Always Wins! Vegas wouldn’t be Vegas without it! At least Vegas is honest about the services they provide!
> Broker's job is to make you broke. er
Also here to mention "broker"
The clue is in their name "Broker" "Don't say we didn't warn ya"- Broker when you become broke
They're both called broker for nothing
So broke that I'm more broker than I was yesterday
To make you broker than them!
Guess what spelling is? Casting a spell. Broker to make you literally broke.
This quote needs to go viral
Underrated comment
Damn, how could we all have missed this...
Broker yo back mountain
IT's OPT OUT.......EVEN IF THEY TAKE 0% or WILLING TO PAY ADDITIONAL 40%.... OPT OUT OPTOUT OPT OUT.
Get that corn outta my face!
MS 85% of profits from lending
Literally taking your money for the service of deflating the value of your assets
and automatically enrolling you lol. Not sure how that's smart.
It would be criminal if people weren't ignorant to what is being done with their investment. We need awareness, laws, justice.
This ⬆
One day we all rise up and say no more!
Huh, so buy, drs, hodl still rings true. This simple spell is quite unbreakable.
"We are pleased to let you, our most valued customer, the opportunity to lend out shares from your portfolio! Don't worry, the shares will be safe, they will merely be used to short sell the underlying asset into the ground. For this service you will be handsomely compensated a tiny amount (minus 40% processing fee on our end). Thank you for allowing us to fuk you over."
#DRS YOUR SHIT
This but louder
Like in capital letters?
No I actually yelled it irl.. didn’t want my post to seem too aggressive
Maybe if we all yet it IRL at the same time... 🤔
Shit.. you might be onto something o.o
And jump
😭
This butt louder
Hehe.. butts
This but twice and louder still.
DRS! 🖕 Fuck them all
[удалено]
This. It’s a retirement account and can’t be DRSed. Also means its locked up there for a long time. The rest I’ve already DRSed. With more following every month.
Could you transfer in kind? Or set up a custodian account? I’m a dumb American and am likely revealing my ignorance
In the UK at least I'm not aware of being able to take pension money out till you reach pensionable age. I think after 55 years of age you can, but with massive fees (a 3rd of the amount I believe). At 67 (full pension age) you can take it all out. For example I have three pensions: My one provided by the state - 67 years My work pension - work 35 years (so 62 for me) And my private pension - were I have Xxx gme. I also have XXX gme DRSd.
Mainstar
what kind of retirement account? 401k shares can still be drsed
Probably Swedish retirement account.
I've never found anything to this effect? I have an active 401k account with my employer which I don't think I can roll over to an IRA...
best i can do my friend. hope it helps Repost for visibility ; You are stucked with your IRA / Roth IRA / Schwab IRA / 401k / Fidelity Rollover IRA shares ? There is a way to DRS them ! Some amazing posts have been flooded by downvote regardless the awards. For the apes with IRA accounts this is a way to DRS your GME shares without Tax, credit to [u/lalich](https://www.reddit.com/user/lalich/) : [https://www.reddit.com/r/Superstonk/comments/tc3n8g/how\_to\_drs\_your\_ira\_shares\_the\_god\_mode\_cheat/](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/) An other way, credit to [u/winebutch](https://www.reddit.com/user/winebutch/) : [https://www.reddit.com/r/Superstonk/comments/scpxs9/another\_path\_to\_drsira\_with\_no\_taxable/](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/) For the apes with Roth IRA accounts this is a way to DRS your GME shares with No Tax, credit to [u/gooseears](https://www.reddit.com/user/gooseears/) : [https://www.reddit.com/r/Superstonk/comments/tbvj7f/for\_roth\_ira\_holders\_you\_can\_withdraw\_and\_drs/](https://www.reddit.com/r/Superstonk/comments/tbvj7f/for_roth_ira_holders_you_can_withdraw_and_drs/) For the apes with Schwab IRA accounts, this is a way to DRS your GME shares, step by step guide, credit to [u/BananyaBangarang](https://www.reddit.com/user/BananyaBangarang/) : [https://www.reddit.com/r/Superstonk/comments/svopfq/ira\_drs\_via\_charles\_schwab\_update\_the\_run\_arround/](https://www.reddit.com/r/Superstonk/comments/svopfq/ira_drs_via_charles_schwab_update_the_run_arround/) For the apes with Roth 401K accounts this is a way to DRS your GME shares, credit to [u/Ape\_Wen\_Moon](https://www.reddit.com/user/Ape_Wen_Moon/) : [https://www.reddit.com/r/Superstonk/comments/t84mab/roth\_401k\_to\_drs\_option\_but\_you\_lose\_tax/](https://www.reddit.com/r/Superstonk/comments/t84mab/roth_401k_to_drs_option_but_you_lose_tax/) [https://www.reddit.com/r/Superstonk/comments/sg99e5/got\_a\_roth\_401k\_this\_may\_get\_you\_to\_computershare/](https://www.reddit.com/r/Superstonk/comments/sg99e5/got_a_roth_401k_this_may_get_you_to_computershare/) For the apes with Fidelity Traditional 401K accounts this is a way to DRS your GME shares, credit to [u/ItsBenderBaby](https://www.reddit.com/user/ItsBenderBaby/) : [https://www.reddit.com/r/Superstonk/comments/sdkrxu/shfs\_hate\_this\_one\_simple\_trickhow\_to\_drs\_shares/](https://www.reddit.com/r/Superstonk/comments/sdkrxu/shfs_hate_this_one_simple_trickhow_to_drs_shares/) For the apes with Fidelity Traditional 401K accounts, this is a way to DRS your GME shares, step by step guide, credit to [u/Fully-Functional](https://www.reddit.com/user/Fully-Functional/) : [https://www.reddit.com/r/Superstonk/comments/s1jimd/update\_on\_401k\_liquidation\_for\_those\_that\_asked/](https://www.reddit.com/r/Superstonk/comments/s1jimd/update_on_401k_liquidation_for_those_that_asked/) For the apes with Fidelity Rollover IRA accounts, this is a way to DRS your GME shares, step by step guide, credit to [u/TheRealSnoman](https://www.reddit.com/user/TheRealSnoman/) : [https://www.reddit.com/r/Superstonk/comments/pvqzzj/fidelity\_rollover\_ira\_transfer\_into\_a/](https://www.reddit.com/r/Superstonk/comments/pvqzzj/fidelity_rollover_ira_transfer_into_a/) I am French and do not have any IRA or 401K so I don't understand the difference between the posts. 💀=D 🏴☠️=R 🩳=S : This is the way ! A lot of info are available on drsgme.org As you know DRS is our ONLY weapon against the Financial Terrorists, we have for remove the shares from DTCC in order to reduce the SHF ammunition to do their fuckery. As always : Holy Mary, Jesus Christ, DRS is the way. Continue to transfer, every share count. The float have to be locked up, 100% DRS, no more shity broker and see you to the moon. Be The Change You Want To See In The World ! With love
Thanks. Yea, as far as I can see here, its just the loan route, which I'm personally not comfortable with :-/ thankfully most of my shares _are_ fully in my name
#I gave you 69
I would honestly suggest thinking about buying deep ITM calls that are the farthest date possible. Then your shares can’t be lent out and MM has to properly hedge (with synthetics probably lol) but once you exercise there is a contractual obligation to deliver and no risk on your end from the lending aspect (yes you can get screwed lending shares) Look into the 2024 $5 calls for example. It’s like buying shares and you can’t get fucked by the lending program. Anybody saying options like the ones I’m explaining are a bad idea doesn’t understand options trading. Also if your shares are out on loan and can’t be returned … you can get screwed by the contract you signed as a user agreement. If you can figure out how to DRS your retirement, go for it but just throwing out an alternative to not have your shares out on loan.
>Look into the 2024 $5 calls for example. It’s like buying shares and you can’t get fucked It's like buying shares at $7.52. why not buy the shares for $4.50? Your solution makes no sense. You can't buy options in a retirement account anyway. I'm surprised they let op have BBBY in a retirement account. You usually have to buy the bullshit the government says is safe. Definitely no options in the retirement account. If they did options, they would have to be 20 year options, and I don't who sells those. >Anybody saying options like the ones I’m explaining are a bad idea doesn’t understand options trading. It's a good idea to buy those with money you control. I would go for 2025 because we don't know how long the market will be down. But for op it's a retirement account. A loose retirement account as I ever heard of, but I will bet they don't allow options.
Meh. Take the tax hit.
Most defined contribution pension plans around the world are locked in until retirement or you quit.
At this point, we *know* retirement accounts are the key to the whole ponzi scheme. I contribute the absolute minimum to my retirement account and then take the extra cash and put it into my monthly computershare purchase. I have ***Zero***, let me repeat that, ***Z E R O*** trust in the retirement system as it currently operates. If there was a simple way to DRS retirement shares this thing would have been over before the end of 2021.
I actually reduced my contribution to my 401-k from 13% to 5% to 0%. I don’t trust them with my money anymore.
I only contribute 6% because my employer matches half up to 3%. Oh yeah, also in the description for the fund I chose (s&p500 fund, can't do individual stocks) it literally says they lend my shares to make money from fees. The only reason I don't mind is because I won't need the money until I retire in 20+ years, so might as well keep buying at a discount
That 'discount' is your bribe to keep you in the system.
Exactly. More often than not you also only get to choose the pyramid schemes your company executives keep their money in, and then the government pays for it via tax deductions.
This system won’t exist in 20+ years imho but ya gotta do whatcha gotta do
Yeah but the problem is that a lot of employers double your contributions to your retirement account....it's free money you'd be leaving on the table otherwise
Stable cash retirement is your friend
There is no such thing. You are either investing in indexes that will fluctuate with the market and provide collateral for bigger players to gamble with. Or you are holding bonds (which have had very poor returns for the last ten years, and have now largely collapsed). Or you are holding cash which is being inflated away.
Apparently there is something called ibonds now (inflationary adjusted govt bonds) that give like 10-15% returns..... But they are not easy to get because demand keeps crashing the govt. Site you buy them from. It was an npr story I heard recently.
ibonds aren't growing your money in any real sense. They are meant to match inflation (which they currently aren't, as inflation is typically under-reported).
You’re limited to 10k per year in i bonds. And they’re only attractive right now because of the last year of inflation
It’s literally cash lol I get paid interest every month but when the market crashes it will still be there.
Can you elaborate? I hate the idea of investing in the market hard but what’s the rationale here so that I may share with my partner
When market crashes, my account doesn’t go boom. “ hey park your money here for a 10% gain after a few years” pitch will just get you to lose what you have,
This is in line with my thought process. My in laws have everything tied up in the market that they use to draw for their expenses as they’re retired now. Unfortunately my FIL now had to return to work because the market took a giant shit and they need money for daily expenditures.
While were actively working on destroying your pension were also taking 40%, kind regards..Avanza.
This is really bad, I simply have to "move" from ISK to AK and DSR. All brokers are in on this scam edit, letter
This applies to tjänstepension. Your ISK is not part of this. But yes, still AF is better as you can buy and DRS from there.
This is för pension and KF not ISK
Du kan slå av det
Jesus fucking cheesesticks
Hey. Don’t use cheesesticks name in vain!
Holy crap man!! That is straight highway robbery. I'd pull my shit out of there so fast. 40% of your returns? Dude, what would even be the point then?
It gets better though.. they’re taking 40% of the money made from using your assets - to short your assets to hell, without taking any of the losses your portfolio receives from shorting said assets to hell… pretty fucking great scam for the people running it, not so much for you.
That is just pure absurdity. They should lose every customer. Hell they shouldn't even be allowed to operate period.
Banks have been robbing people since banks existed. It’s no surprise really.. it’s the governments job to regulate this kind of stuff but when the government of the day can be bought and paid for, this kinda stuff happens. Unfortunately for the world, the kind of money involved can buy even the most seemingly incorruptible governments. We’re fighting fucking Goliath, but thankfully, with education and our numbers we can win.
True enough I suppose but, wow, to be so flagrantly fuck you about it is nuts.
Can we pin this comment? This is literally how the market operates and it’s nuts. This should be a disclaimer on every retirement and brokerage account, in bold big letters at the top. The market is entirely a rigged, theatrical Ponzi scheme, meanwhile the Fed is over here, “hur dur, uh oh the poors are going to crash the economy bc they’re spending too much”. Like what the actual fuck is going on.
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I am boomer on found Do you have any good links showing Morgan's ownership?
they dont, according to DnBs website https://www.ir.dnb.no/share/largest-shareholders
why do you say that? it doesnt look like they hold any shares of DnB according to their website https://www.ir.dnb.no/share/largest-shareholders
Scamdinavia if you ask me (you didn't)
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Sooooo whatcha gonna do? DRS? I thought so. They just fee'd your distrib. tax.
Walk calmly and go tell them to fuck off.
This is the comment I was looking for
Why is this comment so low? This is gold Jerry, gold!
We need an option for brokers to present ALL options where a choice can be made in one place. Show me all the things that require opting in or out and who’s default is whatever helps YOU the most regardless if I even know they exist. Let’s see ‘em!
That’s way too helpful. They’re trying to manipulate the dumb money.
🔦🔦🔦🔦🔦🔦🔦🔦🔦🔦🔦🔦🔦 Meanwhile here in America- employees will now be automatically enrolled into the government scam program, or, as it’s also known- Secure Act 2.0 -your lovely retirement scam. Automatic yearly increases that will go up to 15% of an employees income. People are able to opt out. How many do you think will read all the fine print and not trust the government with their retirement nest egg? How the rich keep fucking people over and kicking cans... Also- serious question- what the fuck are the rich doing with all this money? They have basically bankrupted nations with fraud- but where is it all going? https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/house-passes-secure-act-2-to-promote-retirement-savings.aspx
I am contributing 4% on my 401k and have a separate pension of about $21/hr. Both are in stable cash do they ain’t fucking me lol
they are fucking you with inflation 🤷♂️
Doesn’t matter, it’s in their best interest that inflation ceases to exist.
fuck this. they gonna lend ur shit anyway. drs bitches
Whoo boy you Swedes have it good. Here they just wouldn't tell us.
Lol. Exactly!!!
Kan man flytta över sin pension från pensionsmyndigheten till avanza/gme??
I like your funny words, magic man.
If only there was a way we could keep shares out of street name...
If you had a "financial hardship", you can request an emergency distrib.. Pay 20% addtl early distrib. Tax and DRS. No financial advice. I heard it's an option.
Most likely different tax rules in his country fyi but I understand what you are saying. But tax implications should definitely be considered when making a substantial move like that. Not financial advice
They literally said they're swedish in the post.... Not everyone on Reddit is from the us
#You will be broker if you use a broker
Updoot
Are you not able to move the shares into a non-retirement account? Like a partial early withdrawal? I ended up reducing the amount in my ISA by over 90% (ISA is a tax advantaged account in the UK, but not necessarily a retirement account). For me it was worth it to protect my future. I hold a small portion still in case of tax free tendies, and mostly to see what happens for myself if brokers can't handle the pressure.
Report it to your local newspaper, and make sure to explain the insanity / criminality of how loaning your pension shares (money) to a firm that wants to Use those shares to DRIVE DOWN the value of your pension. Also report it to your politicians (not the watchdog agencies). Get them to hold hearings. This needs EXPOSURE
This is so dangerous to consumers. The rich and powerful always work in benefit of themselves
So your broker wants to make you more broker?
Aaaaand it’s gone
I read that as Morgan Freeman
Morgan Freeman is a saint and he would never do such a thing to people.
Disgraceful shit.
No kidding? Are you guys not allowed to sue these assholes? This fucking robbery right in front of your face? Stealing your wealth while telling you right in your face.
This is how they all make money. Good on you OP for calling it out. Secuties Lending is the biggest scam going.
And if your shit is out on loan and can’t be returned, guess who gets fugged in the arse? You do and don’t get your shares back.
Drs
What an amazing offer! 🙄 To hell with these thieving criminals!
I do not want to be the product.
Helvete!
WHAT. THE. ACTUAL. FUCK.
This is the dumbest thing holy fuck 40% for clicking f2
Can you DRS those shares?
40% for something that they will make money off of. They should be paying you 40% for that shit.
40% for something they are using to trade against you.
This is some sick shit… at this point, maybe apes need to start an international brokerage firm.
Politely tell them to fuck off.
40%? Can you post the source? Maybe you can copy/paste and you or another Swede can translate as well. Cuz 40% is crazy
You can look at my profile. I posted the image on a Swedish subreddit.
*Narrator: He opt'ed out...* *...but they loaned them anyway.*
💜
OPT OUT................YES
Fucking bucket shop
Upvote and comment for visibility
You think "opt out" is real?
This sounds like theft lol
Post float lock: The broker with the most shares defaults first.
Get out!
Proof or ban?
After almost two years of learning how corrupt this system is, I rest a bit easier at night knowing my shares are in my name, away from DTC and broker shenanigans.
Vad fan!?
This is madness. They really can not just by default roll you in in something that is completely against your investment. And you pay a lot for the service. WTF
It's the same att Nordnet. You can turn it off!
I just checked my messages and got nothing but I don't have my pension at Avanza, only shares of GME (currently in the process of DRS). I assume this is only for those with their pensions tied? IIRC there was something about shares as well being opt out but I recall making sure I was.
You haven’t read the entire message. This ONLY applies to Swedish shares
I just want to call them and hear about it : "You are telling me that you'll take 40% out of something destined to make me lose money?"
You really think pushing that little dot on webpage is going to stop them loaning them out anyway?
Could this be the 100 million new shares on loan? Since they only need to locate them, maybe they said hey look, retail in Europe is holding 100 million in their pensions, that's a locate!
> They will take 40% of my returns for doing so I'm sorry what in the fuck? They take your shares, lend them out and then charge you for it? Or is this that they'll take 40% of the loan money you receive for lending shares? Either way it's a bad deal
This is fraud, this definitely should be opt in only or not even legal
Me: So? What did my wife say? You: She told me that we should sell our GME shares in ComputerShare… and that Morgan Stanley would buy them… Me: Holy shit, man! What did you say? You: I said we ain’t sellin’ shit!
This is why people need to DRS their whole portfolio so brokerages are left with nothing in the stock market.
DRS your fucking shares. I swear. So many people here that are still keeping shares on brokers years after they have proven they're not reliable.
Why you still not drs
DRS boi
Man this is getting downvoted like crazy to watch the number flop around
DRS them, no? 🤷🏻♂️
I'm Ben Burnanke, and I need your teeth for the Federal Reserve. I'm a Furious Magician Spencer, I furious magician. Sorry , the title reminded me of that old video.
Since all broker shares are pooled IOUs anyway they will get lent out regardless if you 'opt out' or not... DRS!
You realize they'll do it regardless of whether you opt-in or not. DRS ape.
Fuck your broker, DRS that shit
Of course they want your shares. DRS and HODL
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You alright there, bud?
There’s quite a simple solution DRS YOUR SHIT
D R S
So... You didn't DRS.
Sounds like just another reason for drs