"Saul Oster just started investing in the stock market this year and says he plans to until he retires. The 20-year-old University of British Columbia student says he likes the idea of passive income, where his investments make money without much effort from him. He says most of his friends are investing too. They regularly watch the stock market and trade."
"There are times we'll be sitting around and someone will tell you to buy something, and you'll buy it. No research whatsoever, just pure gut feeling, he told Cost of Living."
"According to an Ipsos poll of 1,001 Canadians conducted for CIBC's Investor's Edge, 34 per cent of Gen Z respondents said they found financial advice from older generations irrelevant. They said evolving markets, new financial tools, and changing priorities are the reasons they don't rely on that advice."
Many young investors prioritize passive income and prefer investments that generate returns with minimal active management. A 1,001-respondent Ipsos poll for CIBC's Investor's Edge found 34% of Gen Z respondents view financial advice from older generations as irrelevant, citing evolving markets, new financial tools, and changing priorities. Gen Z and millennials show above-average encouragement toward risk-taking, with 21% of millennials and 19% of Gen Z respondents reporting increased risk tolerance. Finance influencers and accessible platforms have made investing more approachable, and younger investors are engaging earlier via RRSPs and TFSAs. Some investors report relying on gut instincts and peer prompts over formal research, occasionally achieving substantial gains.
Read at www.cbc.ca
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