Gen Z integrating sports betting into their portfolio

[BoDawg.sixpack]

Several sources I've read say that Gen Z'ers feel like they have to take more financial risks to reach their goals. But taking more risk usually involves a lower probability of success compared to long-term sustained investing in the equities markets. This is a potential disaster in the making.

About 26% of Gen Z investors born between 1997 and 2007 said they treat sports betting as a deliberate, ongoing component of their financial plans, according to an online survey of 1,000 U.S. retail investors published Wednesday. That’s compared with about 14% of millennials (born between 1981 and 1996), 6% of Gen X (born 1965 to 1980) and 1% of baby boomers (born before 1965).

https://www.wealthmanagement.com/in...ning-ground-in-gen-z-s-long-term-wealth-plans

 

[dawgstudent]

I've gotten into Kalshi because it's so easy. I would use Polymarket but they don't allow combo/parlay bets in their app.

 

[ZombieKissinger]

I’ve not gotten into it and have suffered through my 16.5% all time YoY return with Vanguard

 

[Bulldog45]

That’s kind of like a guy saying he has to incorporate more alcohol consumption into his life to increase his chances of finding a suitable wife.

 

[patdog]

In related news, Gen Z investors have zero financial literacy or math skills.

 

[The Peeper]

In related news, Gen Z investors have zero financial literacy or math skills.

But hey, they are masters of TikTok, Insta, eating Tide pods, etc, so there's that................

 

[Darryl Steight]

I've gotten into Kalshi because it's so easy. I would use Polymarket but they don't allow combo/parlay bets in their app.

You mean they don't allow combo/parlay "share purchases on probabilities" in their app.**

 

[Darryl Steight]

That’s kind of like a guy saying he has to incorporate more alcohol consumption into his life to increase his chances of finding a suitable wife.

Hey buddy I found mine riding a mechanical bull in a bar, what's your point?**

 

[SoJxnVol]

If gen z’ers do it, just say no but hell no. It’s the lazy way out.

 

[RBcoach]

Gone are the days of College Co-Eds working hard on the poles to make a supplemental income.

 

[jethreauxdawg]

I will gladly give any gen Z’er 87% of their money back on any amount they want to give me. I’m willing to increase that amount to 81% if the volume is there.

 

[Hugh's Burner Phone]

Gone are the days of College Co-Eds working hard on the poles to make a supplemental income.

Make lap dances great again.

 

[Seinfeld]

In related news, Gen Z investors have zero financial literacy or math skills.

All while a 30 minute lesson on living within your means, savings, and compounding interest would tell them 90% of what they need to know

 

[mstateglfr]

Yesterday I worked with one of my kids on buying a CD, an index fund, and some individual stock using Fidelity.
She got real hung up on how little she would make by investing $1000 into a 6mo CD at 4%.
She was like 'I could just work a couple hours and net that much money, so why even invest it?', which was a difficult question for me to answer with patience.

I said to my wife afterwards that while everyone starts at a different point when it comes to financial management, we apparently failed big time on this life skill. Oof.


Young people tend to suck when it comes to smart and measured financial decision making.
Its true for traditional investing and its true for 'decentralized prediction market platforms'.