Twitter link: https://twitter.com/i/spaces/1OwGWweVNWRGQ
This week on Taking Stock, we dove into the economic and voting rights which an investor is granted after purchase, and what assumptions investors make about those rights. jackofspades123 joined us for this deep dive, and we had a great conversation! Jack prepared some slides and sources - these slideshows are linked down below.
Taking Stock #8
Twitter Link:
https://x.com/i/spaces/1mnxepyaRBoJX
mp3 Link:
https://static.wixstatic.com/mp3/06e09f_dfd625ecd0304ea79678517aa478a8b8.mp3
Itinerary:
#Important Reminders
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Next Taking Stock Wednesday, October 4th - What is a share? continued with jackofspades123
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Terminate DirectStock (https://www.drsgme.org/terminating-from-directstock)
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Join DRSGME Discord (https://discord.gg/EGvmpdGDm)
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Join Lemmy (https://lemmy.whynotdrs.org/)
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Visit https://www.drsgme.org and https://www.whydrs.org
#Links and Resources
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Computershared.net is back! https://www.computershared.net/ https://imgur.com/0ZM7C74
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jackofspades123 Slideshow on Voting Rights (https://imgur.com/a/wrNlVP3)
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jackofspades123 Slideshow on Settlement (https://imgur.com/a/nO8gJHc)
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good discussion, just finished listening to it.
some of my takeaways:
- beneficially owned shares, e.g. shares held in a brokerage account, are not really shares but share entitlements
- registered shares provide full proper voting rights whereas beneficially owned shares do not.
- the voting process is a total mess, that basically every vote that happens has an over-voting because of too many share entitlements
- registered shares receive a dividend directly. beneficially owned shares do not, they receive a payment in lieu of a dividend, which has potentially negative tax implications.
much of what was discussed here is also described in Naked Short and Greedy.
