1) Owning shares/stocks is basically owning parts of a corporation/business. You can buy .. say.. 1 share at $50. If that corporation/business gets richer and the shares go up 50 dollars (for instance), Your 1 share is now worth $100. Then you can sell it back to the corporation and thus you making $50 profit.
2) It's both good and bad. It's a gambling game. You have a chance of losing your invested money in the stocks. If the stocks go from $50 to $25, you lost $25. A corporation/business does NOT have to repay you those shares if they don't want to (should they be going in bankruptcy... they pay their creditors money and usually there's none left).
3) Pretty much, yes. Considering we're in a global economic crisis the shares are going down. So basically this is time to buy.
I don't own shares because I'm just a student aka can't afford and don't want to lose my money.
You usually invest in stocks when you don't know what to do with your money.
Survey question for 14-30yr olds:
1) What does owning shares/stock mean?
2) Is it good or bad. Why?
3) Have your views on this topic changed some, none, or drastically over the last 5 years?
It'd be fascinating to know what young people think about investing in capitalism through companies taking risks or through private, mom/pop, or just other types of businesses, etc. and also what kind of capitalism they'd like to be a part of anyhow...