Playing it safe paid off for investors in 2023 better than it has in years. Now, it could be time to take more risk with your money.

Americans piled into the safe, guaranteed return provided by cash and cash-like investments in the past year. Money-market funds and high-yield savings accounts each had inflows with households, adding more than $651 billion to money-market funds in the second quarter compared with last year, according to Federal Reserve data.