It means they prefer an investment which is relatively stable. I’m not talking about forex arb, I’m talking about investing in treasury bonds or USD ETFs. Cons

It means they prefer an investment which is relatively stable. I’m not talking about forex arb, I’m talking about investing in treasury bonds or USD ETFs. Consider that it is very possible to invest in a financial security to reduce risk and hedge losses, not just to get a return on the capital itself. Investing encompasses a lot more than just literal value investing; this isn’t an abuse of terminology, your usage here is rather limited.