I’m a 19 year old Canadian who just recently became deeply interested in investing.
Though I do have PLENTY of questions about the actual analytics of investing, I have more of a technical question for you veterans. I have set up an investing account through my bank (RBC), but am somewhat confused as to how my purchasing or selling of stocks works. Are the shares in MY name, or in a broker of the bank’s name? Do I have potential counter-party risk here?
My reason for asking is because I am quite weary of the potential for the collapse of my bank, among other Canadian banks, in the event of the next crisis. The Canadian government has already written Cyprus-esque bail-in legislation, so if my investments are at risk, what can I do to protect them?