No Risk Investment:

In nearly 35 years of investment management I have never found
one. If you take a dollar, put it in a fireproof box and bury it in your
backyard you have three risks.  You may forget where you put it,
you will not have earned enough interest to offset inflation and
taxes so your $1,00 may only buy 50 cents to you.  This is called
the risk of losing buying power.  The third risk is the dollar bill may
have been ruined from mold.   Have you ever seen a chart showing
what things cost years ago?  I have and those costs were generally
much less than today.  I recall when gas was 25 cents a gallon.
With an average of 3% inflation The Rule of 72 says things will cost
you double what they are today every 24 years.  People that say
they have a no risk investment are probably just forgetting this
basic investment principle.

Risk has many forms:

If you invest strictly in savings accounts or C.D.'s or Treasuries you
run the risk of not making enough interest, as above and losing
buying power.  When you renew a C.D. you run the risk of renewing
at a lower rate and giving yourself a loss of income..  If you buy a
Bond at a particular rate of return and later go to sell it, you may
lose money if rates are higher then.  You run the risk of loss if a
stock in a company goes sour, just ask those that held General
Motors stock. That is called a company specific risk of loss.  

If you have a stock ETF or mutual fund, it may be the wrong sector
at that time and lose money.  That is called a sector specific risk of
loss. You can take on the risk of loss by investing in a product that
is so complicated that it may collapse of its own weight like the
financial mortgage derivatives that fell apart during 2008.  Or you
may have risk of loss due to a company guaranteeing you specific
rate of return like an insurance company if it fails.  After all, that is
just another business.  You may have a risk of loss due to political
changes where the industry you are investing in is adversely
affected.  This is political risk. The list goes on.

My suggestion:

Since some form of investment risk will always be with us, do your
best to find an advisor that will use
different forms of risk
. One form is to develop a balanced portfolio.  Another is
to make periodic buys when the market is more volatile than usual.  
Another is to only invest in the less volatile positions until the
economy regains its footing.  Another way is to reduce the
expenses of your portfolio holdings because the higher the
expenses the more risk has to be incurred to bring you the same
rate of return.  This is one reason Atlantic uses low cost index funds
and no load low cost mutual funds, all with no commissions or trails

There are even more ways to bring a  lower risk strategy to your