It's actually not that risky if you do lots of research. Its risky for the idiots that throw money at anything that is hyped up with lots of advertising.
I agree with you. If you want to invest then you should look for a way that the risky of investment is rare. Investment is really good to do but you should have a knowledge to do it because if you do not you will lose your money. I know nowadays its really hard to know or to identify if the ICO project is worth it and you will trust it. You should do a deeply research for it before you decide what project is worth it to your money.
It will only be risky if they dont give you feedback or the support is too hard to follow with. Whenever I do invedt before i make sure tgat the team responds easily