Nearly 1 in 4 Americans Believe Risk-Taking Builds Wealth. Is It the Key to Financial Success?

Fact checked by Vikki Velasquez pixdeluxe / Getty Images Your age and goals can impact the amount of risk you take with your investment decisions. Key Takeaways An Empower survey showed that almost a quarter of Americans believe that you need to take risks to get richer. Risks are inherent in investing, so you can't completely avoid them. You can reduce risk by diversifying your holdings and spreading them across a mix of low-, medium-, and high-risk assets. Your risk tolerance is higher when you a ...