The statement "Investing is riskier than putting money in a savings account" is true. This is because investing involves taking risks with the expectation of earning higher returns. Savings accounts, on the other hand, are low-risk investments that offer lower returns.
Investing can be done in various ways such as stocks, bonds, mutual funds, real estate, and more. Each investment type has its own level of risk and return. For example, stocks are generally considered riskier than bonds but have the potential for higher returns over the long term.
It's important to note that investing is not a guaranteed way to make money. There is always a risk of losing money when investing. However, by diversifying your investments and having a long-term investment strategy, you can minimize your risks and maximize your returns.
