Many think of saving as the "safe" way to go. But investing has a wide range of choices — from safe to risky. Bonds and money market accounts are on the more conservative end and equities (stocks) are on the riskier end. Besides risk tolerance, the decision to save or to invest also depends on other factors, including your time horizon and goals.
Rather than choosing one approach or the other, consider combining them. Then you can blend the relative stability of saving with the accumulation potential of investing.
* An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other U.S. government agency. Although money market mutual funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money in these funds.
** Diversification does not guarantee against losses.
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A TIAA-CREF brokerage account offers thousands of investment options.