Young investors are reshaping their portfolios

Young investors are trading long-standing investing tactics for things like crypto and collectibles. They’re ditching the old-school 60/40 portfolio — 60% stocks and 40% bonds — not just because it’s boring, but because they want higher returns. While they haven’t ditched stocks and bonds entirely, a study by the CFA Institute shows that young Canadian investors are most likely to own investments in crypto. Surprising, right? But it doesn’t stop there. A U.S. study on wealthy Americans found nearly all young investors — about 94% — are into collecting things like luxury watches, rare cars, and limited-edition sneakers. Perceived stability doesn’t matter for a group that is more willing to take above-average risks to reach financial goals. This trend reflects a broader shift in where young people get their investment advice. Instead of turning to traditional media, more than half of young Canadian investors are looking to platforms like YouTube, Instagram, Reddit, and TikTok for tips and insights. Just remember — if you are investing in crypto, make sure to keep good records of your purchases and sales, because you will need to report any profits on your taxes.