an Ipsos poll of 1,001 Canadians conducted for <\/a>CIBC\u2019s Investor\u2019s Edge, 34 per cent of Gen Z respondents said they found financial advice from older generations irrelevant.\u00a0<\/p>\nThey said evolving markets, new financial tools, and changing priorities are the reasons they don\u2019t rely on that advice. <\/p>\n
WATCH | Gen Z is investing in the stock market more than past generations:![\"\"](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/1762212849_480_default.jpg\")
<\/p>\n
Gen Z is investing more money than other generations<\/p>\n
Gen Z is proving to be more financially engaged than the previous generations and diving into investing earlier through RRSPs and TFSAs, according to Statistics Canada and a TD Bank survey, often thanks to finance becoming more digestible through influencers. <\/p>\n
The poll also found that 21 per cent of millennials and 19 per cent of Gen Z respondents were encouraged to adopt a risk-taking attitude towards investments, which is more than the general population.\u00a0\u00a0<\/p>\n
Why people are investing based on vibes<\/p>\n
Oster says trades he\u2019s made based on intuition have yielded better results than moves he\u2019s made after researching. His first major purchase was exchange-traded funds (ETF) into Canadian mining companies because he felt energy \u201cwas going to be the next big thing.\u201d<\/p>\n
\u201cOver the past seven months, I’m up just over 180 per cent,\u201d Oster said.<\/p>\n
Instead of relying solely on research to make investment decisions, Oster and his friends use their guts.\u00a0<\/p>\n
He says one friend invested in Walmart because, as a student, that\u2019s where he goes for affordable prices. Oster says he figured other people concerned about their budgets would choose Walmart too.<\/p>\n
\u201cIt’s paid off but that’s not off research. That’s just because this is what he sees and therefore what he put money into,\u201d Oster said.<\/p>\n
Liz Enriquez says most people, not just Gen Z, manage their money based on their emotions, not logic. She\u2019s a personal finance mentor based in Hamilton, Ont., and founder of Ambitious Adulting, an online platform that simplifies personal finances.\u00a0<\/p>\n
She says technology has made investing more accessible, more popular and less elitist.\u00a0<\/p>\n
\u201cNow, the investing ecosystem is essentially the same as online shopping,\u201d Enriquez said.<\/p>\n
![\"Woman](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/1763907791_623_default.jpg\")
Liz Enriquez is a personal finance mentor and the founder of Ambitious Adulting. She says most people’s financial decisions are based on emotion, not logic. (Stephanie Robinson)<\/p>\n
She says the fear of falling behind financially is a huge motivator for young people who see investing as their only option.<\/p>\n
\u201cThe messaging has been, you have to invest to get ahead. There\u2019s no way you can just save anymore and buy a house,\u201d Enriquez said.<\/p>\n
Managing investment risks <\/p>\n
Andrew Aziz says it\u2019s important that people aren\u2019t just investing based on vibes alone. Aziz is the Vancouver-based founder of the online trading community Bear Bull Traders.<\/p>\n
His biggest pieces of investment advice for those starting out are to educate yourself and start early. He says building wealth early can help young people pay for milestones like a wedding or a house, and cover expenses that come with having children.<\/p>\n
\u201cThose investments from 10, 15 years ago now are coming to help,\u201d Aziz said. \u201cIt’s more difficult to start saving at 35 or 40 with a lot of responsibilities.\u201d<\/p>\n
Aziz says beginner’s luck can encourage people by giving them a taste of the earning power of investing. He also said losing $10,000 helped him realize the risks.<\/p>\n
\u201cEverybody can survive a couple of $1,000 losses or a mistake. But as you get older, your risk appetite should come down because you don’t have enough time or freedom to recover,\u201d Aziz said.<\/p>\n
![\"Man](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/1763907792_878_default.jpg\")
Andrew Aziz is the founder of the online trading community Bear Bull Traders. Aziz advises people to start investing as soon as they can and to set aside 10 to 15 per cent of their income for trading stocks. (Submitted by Andrew Aziz)<\/p>\n
Aziz says one of the challenges facing young investors is not having enough information about the fundamentals of investing, like a company’s background.\u00a0<\/p>\n
Influencers can guide people\u2019s investment decisions by telling social media users what investments are trending and revealing successful investment portfolios and strategies.\u00a0<\/p>\n
But Aziz says people need to remember that most influencers are paid to promote products and they don\u2019t know the future.<\/p>\n
\u201cYou have to be careful how much of your wealth is going into following these people,\u201d Aziz said.<\/p>\n
Artificial intelligence is the latest investing hype, but Aziz urges people to diversify their portfolios because all bubbles pop. He also says users should be weary of fraudulent companies.<\/p>\n
![\"](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/1763907792_145_default.jpg\")
Student Saul Oster says he never invests more than he can afford to lose. (Submitted by Saul Oster)<\/p>\n
As young people like Oster get started, Aziz and Enriquez advise them to dedicate some of their paychecks towards investments to harness the power of compounding interest.<\/p>\n
Enriquez says a common mistake she sees people make is holding on to cash instead of investing it.\u00a0<\/p>\n
As Oster continues on his investment journey, he hopes to contribute the maximum yearly amount into his tax-free savings account and make enough to live comfortably, even if that comes with some risks. <\/p>\n
\u201cInvesting as a whole is a net positive because you only learn when you lose,\u201d he said<\/p>\n","protected":false},"excerpt":{"rendered":"Listen to this article Estimated 5 minutes The audio version of this article is generated by text-to-speech, a…\n","protected":false},"author":2,"featured_media":301848,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":{"0":"post-301847","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/301847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=301847"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/301847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/301848"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=301847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=301847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=301847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Text](\"https:\/\/www.cbc.ca\/a\/assets\/texttospeech.svg\")
<\/p>\n