Yes; pixie dust! All investments, including "guaranteed" investments carry risk. That said, some are more safe than others. Many investors are buying annuities these days. While they may have principal guarantees, those guarantees are only as good as the company behind the guarantee, and if you examine the return proposition you will quickly realize that "safety" leaves you exposed to a loss of purchasing power, or "inflation". The best policy is to match your investments to specific goals, then create a well-balanced and globally diversified portfolio for your longer term investment goals - a portfolio that offers both offense and defense.