Hi all - I'm a complete newbie when it comes to direct share ownership. My question is, let's say I create a Commtrade account and use this to buy 100x Telstra shares. Within my Commtrade account I assume I can log in and see 'Telstra shares = 100' (or whatever the current value is). Then, let's say I have had enough Commtrade, and want to use NABtrade to buy/sell/manage my shares. When I go and create an account on NABtrade, do I need to enter that I own 100 worth of Telstra shares? Or do I own the 100 Telstra shares within my Commbank share account, which I would need to transfer out of CBA into NAB, similar to a bank account? Which then raises the question, why would anyone own any significant amount of shares within a non-rock solid institution like one of the Big 4? How would the smaller guys compete? And, can you 'take' the shares out and own them yourself (not have them in any account, like hold onto the shareholding certificate or similar?) Pretty basic questions I know Thanks.