Der „finanzielle Nihilismus“ treibt viele Kanadier der Generation Z dazu, riskante Investitionen zu tätigen, mit besorgniserregenden Folgen

It kind of makes sense. Young people over the last decade were largely alienated economically under the Liberals, who spoke of things like the need to keep housing prices high for baby boomers or looking out for “mom and pop landlords”. I know a lot of people under 35 who have just kind of given up.

At a certain point the lack of economic optimism (which all layers of government haven’t really helped) turns into a disengagement or pivot towards high risk investments. The proliferation of probability markets, sports gambling hasn’t helped either. Funnelling money into highly speculative bets/investments has become extremely easy, particularly with how accessible self-directed investment platforms have become over the past few years.

What this article is describing is perfectly rational for younger people they have their entire lives to recover from one or two potentially bad trades as a result of ignoring diversification. This type of financial aggression is frankly what is missing from the Canadian landscape and should be encouraged along with the travel mentioned in the article and any other “risky” things young people want to try out like starting their own businesses. There will be literally decades for them to settle into passive investing later on. On the contrary if a “yolo” does hit either financially or through travel or entrepreneurship the effect will be massively disproportionate this early in life. We need to move away from this endless patronizing nonsense when it comes to taking risk in this country. It is holding us back on so many fronts.