There is some truth in this sentence, or more truth. He reflects people's attitude towards wealth.
For the rich, there is little demand for the appreciation and preservation of wealth, and they are more concerned about the inheritance of wealth.
At this time, the rich often consider family trust and insurance to inherit wealth. Of course, for them, there are many channels to make money, and the probability of buying bonds is very small.
For the poor, there is no particularly good investment means, or investment ability. Most people often choose to buy bonds and wealth management products to barely fight inflation. There are still a few people who want to be small and broad. Often chasing up and down in the stock market, eventually becoming a leek.
Futures speculation is poor, and stock speculation is rich.
Stock is the ownership certificate of listed company's equity, and investors hold the company's equity according to their shareholding ratio, distribute the income and participate in the voting.
There is a big difference between stocks and bonds. From the risk point of view, the creditor's rights always exist before the repayment of the principal and interest, even if it defaults; The existence of equity depends on the existence of the company. A company's money must be paid off first, and the rest is divided by equity holders, so the risk level of stocks is higher than that of bonds.
From the perspective of income: because stocks have the right to participate in the company's profit distribution, the potential income of stocks is higher than that of fixed-income bonds.
The poor speculate in futures and the rich speculate in stocks. The situation of futures is different. Futures is just a paper contract, which does not generate cash flow, so it has no investment value. Holders are generally spot traders or speculators with hedging needs.
Suppose you have two investment decisions, A and B, and you choose A, then the investment income of B is your opportunity cost.
Back to the problem of poor futures speculation and rich stock speculation, if a rich man has two opportunities, one is 15% and the other is 5%, other things being equal, he has no reason to choose that 5%. If he chooses 5%, it only means that 15% is outside his ability circle. Replace this rich man with a poor man, and the answer to this question is still the same.
Similarly, if a person's ability circle is limited to deposit in banks, then both rich and poor should deposit in banks, which is also a very wise investor.
In reality, most people can tell the size of potential income (stock >; Bonds). However, most people can't tell the scope of their ability circle. After all, many people think that they can earn 1% a day in stocks, and easily turn N times in futures. This is the real reason why they can't become "rich" or win risk-free interest rates for a long time.