Is there a “risk-free” investment? No. If a return is expected, there will be risk involved in an investment. If more risk is taken, more reward (return) is expected. Otherwise, why would the risk be taken in the first place? Some might point out that United States Treasuries are considered “risk-free”. Although U.S. debt is widely considered to be one of the safest investments out there, it isn’t free from risk as this article nicely outlines.