One usually starts thinking about the financial future too late, when significant financial expenses occur or in the years preceding retirement. But, in order to build a stable future, personal finances should be thought about in time. Successful management of personal finances, from the household budget to savings and targeted investment, requires the possession of appropriate knowledge and the application of good financial habits. At the same time, there is a false assumption that only people who have more resources can save. Saving is meant for everyone, it's just a question of how to manage what you have. Risks in personal finance have parallels with risks in business finance, given similar causes, accumulation and forms of manifestation. There is no way to completely eliminate every risk, however, it is possible to use techniques that can avoid or reduce it, in order to minimize losses for the individual and his family. It follows from the above that the awareness of the existence of risks in personal finances is the starting point for their further understanding. Additionally, financial literacy is required if one wants to successfully manage personal finances. In addition to traditional bank savings, individuals and households can also take advantage of other forms of savings and investment products, taking into account both their returns and the associated risks associated. In this context, open investment funds with a public offering appear as a possibility. It can be a good risk avoidance strategy because most investors do not have enough specialized knowledge and skills to invest in the capital market. Investors are often familiar with the concept of risk and its types, but not with the effects that each of them can produce. Investment funds are managed by professional fund managers, which is one of the benefits for shareholders, and others are the choice of the fund that is most suitable for them, considering the type of investment and risk diversification within the asset class of the selected fund.