False. Mutual funds are generally considered less risky than single stocks because they offer diversification benefits. By investing in a mutual fund, an individual's money is spread across a portfolio of different stocks, bonds, or other assets. This diversification helps to reduce the impact of any one investment's poor performance on the overall value of the mutual fund, thus lowering the risk. While the reward potential of mutual funds can vary depending on the specific investments within the fund, they are generally considered to have a balanced risk-reward trade-off.
