Invesment is always better than saving but its more risk. You can double your money or make profit with investment but you should be carefull to choose what that you want to invest.
Every investment will cater risk and not everyone can take that risk.
It will teach you as you go on further with your investment and it will add more discipline on how you manage your finances. Experience will also help you to avoid scam investments.
Risk is a natural thing, you will never grow your money without risk, so don't refuse investment just because of risk, it's not a consideration that you have to choose. precisely save that have risk like inflation, and even save doesn't provide the benefit of growing your money, what will you choose now ?