Saving vs Investing is a age old question.
Saving just means - (risk free investing) - I certain countries like India, you earn 10% PA saving money. (risk free annual interest). Not considering inflation.
Investing is good as long as you have information. Don't invest with the crowd. Invest on something you know that not many people yet know about. If you have no unique knowledge, you should stay away and save.
Saving can also have risks to depending on how you see it?
When your money is at a bank, and it defaults what happens to your savings then? FDIC covers a certain amount, but there is limitations.