GM
General Motors Company
stock NYSE

I think you're forgetting about when Tesla was valued more than GM and Ford despite only making profit in 3 quarters total

also what's your take on tokenized stock platforms though? like GM and others that people dropped in the comments, they let you buy stock tokens with usdc so does that fall under the same fema issue or is it a grey area since you're technically not investing through a traditional broker

Yeah it keeps coming up but like you said the route defeats the whole purpose for me, GM is interesting though i'll probably do the same thing you did and test with a small amount first, might try like 300 usdc and see how the whole cycle works before moving more, hanks for the heads up sir

I use ibkr for most of my US stock stuff and it's great but it won't help you with the usdc problem at all because everything goes through bank transfer and lrs compliance, as for the crypto to stocks thing specifically i think GM markets does that but i've only used it once to test the flow with like 200 usdc so can't speak on long term experience but what i'd say is don't put all those lakhs into one platform regardless of which one you pick, ALWAYS split it up test the withdrawal process first before committing more as too many people go all in on a new platform and then realize pulling money out is a different experience than putting it in

I have 2300 usdc in my wallet that I got as a freelance payment and wanted to put it into US stocks without going through the traditional transfer route because it's not a HUGEE sum of money and I discovered GM here on reddit itself which apparently lets you deposit usdc and buy fractional stocks and you can hold in your wallet.
Sounds simple but has anyone actually used it? and How is the execution and are withdrawals smooth?
If there's other platforms doing this would love to hear about those too.

I think you're forgetting about when Tesla was valued more than GM and Ford despite only making profit in 3 quarters total

also what's your take on tokenized stock platforms though? like GM and others that people dropped in the comments, they let you buy stock tokens with usdc so does that fall under the same fema issue or is it a grey area since you're technically not investing through a traditional broker

Yeah it keeps coming up but like you said the route defeats the whole purpose for me, GM is interesting though i'll probably do the same thing you did and test with a small amount first, might try like 300 usdc and see how the whole cycle works before moving more, hanks for the heads up sir

I use ibkr for most of my US stock stuff and it's great but it won't help you with the usdc problem at all because everything goes through bank transfer and lrs compliance, as for the crypto to stocks thing specifically i think GM markets does that but i've only used it once to test the flow with like 200 usdc so can't speak on long term experience but what i'd say is don't put all those lakhs into one platform regardless of which one you pick, ALWAYS split it up test the withdrawal process first before committing more as too many people go all in on a new platform and then realize pulling money out is a different experience than putting it in

I have 2300 usdc in my wallet that I got as a freelance payment and wanted to put it into US stocks without going through the traditional transfer route because it's not a HUGEE sum of money and I discovered GM here on reddit itself which apparently lets you deposit usdc and buy fractional stocks and you can hold in your wallet.
Sounds simple but has anyone actually used it? and How is the execution and are withdrawals smooth?
If there's other platforms doing this would love to hear about those too.

Say what you want, but Tesla is not worth what GM and Ford are combined and spaceX shouldn’t be in index funds until it gets into the black.

GM gamma