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Regarding #1, #2 and #3: Most people no longer own their shares directly. Most online self-clearing brokerages are "nominee" accounts where shares are held in
by throwaway09223 3y ago
Regarding #1, #2 and #3:
Most people no longer own their shares directly. Most online self-clearing brokerages are "nominee" accounts where shares are held in the brokerages' name rather than the end customer's name. Owning specific shares in one's own name would be a "direct" account.
This is also how fractional shares are handled. Share ownership is a ledger at the brokerage, not an actual stock registered in your name.
Nominee brokerage accounts are cheap and fast.
- anonymousiam 3y agoYou can still request paper share certificates and get registered shares, but it's a royal PITA. (Or at least you could do that 20 years ago. I haven't done it for some time.) https://www.forbes.com/advisor/investing/stock-certificate/ https://www.forbes.com/advisor/investing/stock-certificate/
- sumedh 3y ago> Nominee brokerage accounts are cheap and fast. India and Australia you own the share and you still have cheap and fast brokerage accounts.