Perhaps the biggest risk of investing is not investing at all. Before you are ready to enter the market, you must first define the type of investor you are by looking at your goals and the risks you are willing to take to achieve them.
There is a simple and effective investment strategy out there, and it's called dollar cost averaging. It works all by itself and helps you to manage the risk of investing.
Make sure your excess money is earning as high a rate of return as possible. Certificates of Deposit offer you a low risk and safe way to improve your investment earnings.