Investing is one of the best ways to make your money work for you. However, investing is never without its risks.

If you like the idea of investing, and you want to build a better financial future, but you’re pretty risk-averse, you should not let the idea of risk put you off, but you should take the following measures to reduce your risk right now:

1. Seek professional help
   Financial advisors and accountants can help you to avoid costly investment mistakes because, after all, they are the experts, So, when you are getting started with investing, you should probably seek their professional help. It would also be a good idea to have them cast an eye over your portfolio once in a while on an ongoing basis too.
2. Use an asset allocation strategy
   An asset allocation strategy will enable you to weigh your investments so that you can achieve a specific objective. This strategy will enable you to invest in a range of assets, including stocks, cash, bonds, and alternative investments so that you do not put all your eggs in one basket while working towards your financial goals.
   For example, if you want to pursue high profits and you don’t care bout risk, you can put 85 percent of your money in stocks and 15 percent in bonds, but if you want to be cautious, you can invest a higher percentage in safe bonds and a small amount in stocks for a slower but safer level of profit.
3. Diversify your portfolio
   This basically means that you invest in as many different assets across as many different sectors as possible to avoid, as mentioned above, putting all of your eggs in one basket. If all of your money is in oil, for example, should the price of a barrel fall through the floor, you would be ruined, but if you only have a small percentage in oil, some in gold and some in binds, you will be far more protected.
4. Steer clear of crypto
   It can be tempting to invest your money in crypto when you hear crazy stories about crypto assets appreciating by 3000 percent in a year, but if you’re looking to avoid risk, it is probably not a good idea. Crypto markets are very volatile and you never know what they are going to do. Unless you are very experienced in crypto trading, it is fsr more likely you’ll lose a fortune than make one!
5. Deploy a dollar-cost averaging strategy
   Dollar-cost averaging is an investment strategy that aims to smooth out fluctuations on the stock market by investing a consistent dollar amount in certain stocks and shares, By doing this, you should spend less money on stocks when prices are high and more on stocks when prices are low over time which is why this strategy is so popular with risk-averse investors.

Risk is never something you can eliminate, but these tips will help you to lower your risks and maximize your investment potential significantly. So, what are you waiting for?