MyMoney Online, Make Money Mondays

2015 has been tough (but it sure had some good money lessons to teach us)

The Money Show’s Bruce Whitfield interviewed Gregg Sneddon, Certified Financial Planner at The Financial Coach, for his “Make Money Mondays” feature.

Sneddon discussed personal finance lesson we can learn from 2015.

Scroll down for quotes from the audio below.

2015 taught us that risk matters.

Gregg Sneddon, Certified Financial Planner at The Financial Coach

If you don’t have time, stay away from the markets! We’re talking 10 to 15 years.

Gregg Sneddon, Certified Financial Planner at The Financial Coach

You must diversify offshore. You’re allowed 25% in your pension fund; make sure you have it.

Gregg Sneddon, Certified Financial Planner at The Financial Coach

Resources will come right, but I don’t know when.

Gregg Sneddon, Certified Financial Planner at The Financial Coach

The weak rand is about a strong dollar. It’s not just us. It’s not a rand thing.

Gregg Sneddon, Certified Financial Planner at The Financial Coach

We need to temper our returns expectations.

Gregg Sneddon, Certified Financial Planner at The Financial Coach

The good returns we’ve had from equities is not sustainable.

Gregg Sneddon, Certified Financial Planner at The Financial Coach

It’s very dangerous to try and time the market.

Gregg Sneddon, Certified Financial Planner at The Financial Coach

By sitting in cash you’re taking a bigger long-term risk than investing. Cash is not safe!

Gregg Sneddon, Certified Financial Planner at The Financial Coach

If you’ve got debt, get rid of it as fast as possible.

Gregg Sneddon, Certified Financial Planner at The Financial Coach

Ensure you’ve got all the insurance you need.

Gregg Sneddon, Certified Financial Planner at The Financial Coach

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