Inflation Risk
The possibility that the purchasing power of your money may not keep pace with inflation (eg. by not investing at all or not investing sufficiently in growth products). This risk is a poor real return on funds invested.

Risk of not diversifying
The possibility that if you put all your investment capital into one basket (eg. the share market) a fall in that market will adversely affect all of your capital. Diversification is a deliberate strategy aimed at reducing the impact that volatility in one asset class, sector or market will have on your overall portfolio of assets.

Market risk
The possibility that movements in a market can cause an investment to decrease (as well as increase) in value.

Re-investment risk
The possibility that if you invest in fixed rate investments (eg. bonds) you may have to re-invest maturing money at a lower rate of interest if rates generally decline during the life of that investment.

Liquidity risk
The possibility that you may not be able to readily access your funds when you want or need them most because they are invested in illiquid assets (e.g. real estate).

Credit risk
The possibility that an institution holding your capital (eg. a debenture issuer) may fail to pay interest or return your capital.

Regulatory risk
The possibility of government policy changes negatively affecting your financial strategy (eg. superannuation and retirement incomes policy).

Timing Risk
The possibility that a strategy of trying to time entry and exit from markets will expose you to greater short-term volatility.

Value risk
The possibility you will pay too much for a particular product or that you will sell it too cheaply.

Manager risk
The possibility that you will invest with a fund manager based primarily on their recent past performance without regard to their fundamental ability to cater to your particular needs or performance expectations over the time frame you have in mind.