Buying stock is investing in economic terms if it's a new issue. Buying bonds is investing, too (again if it's a new issue), and the bond market is twice as big as the stock market.
A relatively small amount of new stock is issued each year on the open market when you exclude companies that trade their own stock. Bonds are often issued for things like taking a company private which are again not really investments just asset transfer. Further, profitable companies often issue bonds even if they have cash on hand or regular dividends.
So again it might be a useful investment, but that’s not nessisarily true.
So again it might be a useful investment, but that’s not nessisarily true.