{"id":24003,"date":"2023-01-22T09:20:19","date_gmt":"2023-01-22T17:20:19","guid":{"rendered":"https:\/\/genuscap.com\/?p=24003"},"modified":"2026-03-17T13:38:18","modified_gmt":"2026-03-17T20:38:18","slug":"5-financial-resolutions-for-2023-insights-from-a-portfolio-manager","status":"publish","type":"post","link":"https:\/\/genuscap.com\/fr\/5-financial-resolutions-for-2023-insights-from-a-portfolio-manager\/","title":{"rendered":"5 r\u00e9solutions financi\u00e8res pour 2023 : Les points de vue d'un gestionnaire de portefeuille"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The start of a new year is often when we turn our thoughts to reviewing our finances. And after a year marked by high rates of inflation, rapidly rising interest rates and market volatility, there\u2019s no better time to review your finances and freshen up your investment strategies.\u00a0<\/span><\/p>

We asked Genus partner and portfolio manager Sue-May Talbot for her recommended financial resolutions for 2023.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

1. Pay Down Debt<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

If you commit to one financial resolution this year, commit to this: paying down debt. As interest rates rise, so too does the cost of borrowing. \u201cIn 2022, the Bank of Canada <\/span>raised interest rates seven times\u00b9<\/span><\/a> by a combined 4%, and the benchmark interest rate in Canada is now 4.25%,\u201d Talbot says. \u201cThe cost of servicing our credit cards, lines of credit and other debt may be eating into our cash flow.\u201d\u00a0<\/span><\/p>

Prioritize paying off debts with the highest interest rate first \u2013 most likely your credit cards. Once you check those off the list, move to accounts with lower interest rates, such as lines of credit or mortgage debt.\u00a0<\/span><\/p>

And while prioritizing debt repayment is important at all ages, it should be of prime concern particularly for older adults, says Talbot. \u201cIf you\u2019re older with a large debt, you should tackle this as soon as possible. Later in life you may not have the income to do so, especially if you\u2019re retired and on a limited budget.\u201d<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

2. Reassess Your Expenses and Create a Budget<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

With inflation cutting into budgets more than it has in decades, it\u2019s a good time to reevaluate where your money is going, and where to reign in expenses. \u201cGoods and services cost more than ever,\u201d says Talbot.\u00a0<\/span><\/p>

While you don\u2019t need to cut out all of your favourite things, reevaluating your expenses can reveal expenditures you might not have been aware of, and help you to prioritize what\u2019s most important (ie: your investments).<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Financial\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

3. Maximize Your RRSP and TFSA Contributions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

If you\u2019re able to maximize tax-deductible contributions such as your RRSP and TFSA, you\u2019re effectively keeping money that would otherwise be lost as tax. \u201cThe growth and income in these accounts are earned on a tax-free basis,\u201d says Talbot. \u201cUsing these accounts is a great way to save toward your retirement or, in the case of a TFSA, build savings in general.\u201d\u00a0<\/span><\/p>

Planning for these contributions at the beginning of the year can help you optimize the value of your contributions. And starting when you\u2019re young also pays off. \u201cGenerally speaking, the earlier you start investing to take advantage of compounding tax-free returns, the better.\u201d<\/span><\/p>

Start by checking your <\/span>Canada Revenue Agency<\/span><\/a> account to see how much available room you have for contributions, says Talbot. From there, she recommends setting up automatic monthly deposits. \u201cMost financial institutions \u2013 including Genus \u2013 allow for systematic monthly contributions,\u201d she says. \u201cIt\u2019s a great way to save and will spread your contributions throughout the year, which may be easier on your cash flow than a larger lump sum contribution.\u201d <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

4. Review Your Portfolio\u2019s Performance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

If you haven\u2019t checked your portfolio in awhile, now\u2019s a good time to do so, and your portfolio manager can help you assess whether it needs a rebalance, Talbot says. \u201cIf you have an account with an active portfolio manager, they\u2019ll do this automatically,\u201d she says. \u201cBut if you are self-managing your accounts or have a buy-and-hold strategy, you may need to rebalance as the markets moved quite a bit in 2022.\u201d<\/span><\/p>

For <\/span>impact investors<\/span><\/a>, it\u2019s also a good idea to ensure the companies in your portfolio still align with your values. \u201cWhen you invest in a company, you are essentially financing it,\u201d Talbot says. \u201cSo if you\u2019re a values-based investor, do a quick review of your portfolio holdings.\u201d<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Portfolio\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

5. Make These Resolutions Annual\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Regardless of the state of the economy, reviewing your portfolio annually is just good practice \u2013 particularly if anything has changed for you personally.\u00a0<\/span><\/p>

Consider drafting a financial plan that includes your goals, investment time horizon, income requirements, values alignment and risk tolerance. And include your bigger financial picture, too. \u201cInclude an analysis of your income, expenses and investments, and ensure you have a will and power of attorney,\u201d she says. \u201cIf you\u2019re unsure, book a meeting with your portfolio manager.\u201d<\/span><\/p>

Interested in wealth management guidance for 2023 and beyond? We invite you to <\/span><\/i>talk to a Genus Advisor<\/span><\/i><\/a>.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

[1]\u00a0<\/sup><\/span>Will the Bank of Canada raise mortgage rates again in 2023? here’s what industry experts predict<\/i> (2023) Toronto<\/i>. Available at: https:\/\/toronto.ctvnews.ca\/will-the-bank-of-canada-raise-mortgage-rates-again-in-2023-here-s-what-industry-experts-predict-1.6216395#:~:text=The%20Bank%20of%20Canada%20raised,to%20tame%20Canada%27s%20runaway%20inflation. (Accessed: January 18, 2023). <\/span><\/p>

\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Apr\u00e8s une nouvelle ann\u00e9e mouvement\u00e9e, il est temps d'entamer 2023 en pensant \u00e0 vos finances. Voici nos meilleures r\u00e9solutions financi\u00e8res pour 2023.<\/p>","protected":false},"author":7,"featured_media":24006,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[16,27],"tags":[110,135],"class_list":["post-24003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-market-insights","tag-blog","tag-sue-may-talbot"],"acf":[],"yoast_head":"\n5 Financial Resolutions for 2023 - Genus Capital Management<\/title>\n<meta name=\"description\" content=\"Following another turbulent year, it\u2019s time to kick off 2023 with your finances in mind. Here are our top financial resolutions for 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/genuscap.com\/fr\/5-financial-resolutions-for-2023-insights-from-a-portfolio-manager\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Financial Resolutions for 2023: Insights from a Portfolio Manager\" \/>\n<meta property=\"og:description\" content=\"Following another turbulent year, it\u2019s time to kick off 2023 with your finances in mind. Here are our top financial resolutions for 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/genuscap.com\/fr\/5-financial-resolutions-for-2023-insights-from-a-portfolio-manager\/\" \/>\n<meta property=\"og:site_name\" content=\"Genus\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/GenusCap\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-22T17:20:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-17T20:38:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/genuscap.com\/wp-content\/uploads\/2023\/01\/1-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Crisp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GenusCapMgt\" \/>\n<meta name=\"twitter:site\" content=\"@GenusCapMgt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crisp\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"5 Financial Resolutions for 2023 - Genus Capital Management","description":"Apr\u00e8s une nouvelle ann\u00e9e mouvement\u00e9e, il est temps d'entamer 2023 en pensant \u00e0 vos finances. Voici nos meilleures r\u00e9solutions financi\u00e8res pour 2023.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/genuscap.com\/fr\/5-financial-resolutions-for-2023-insights-from-a-portfolio-manager\/","og_locale":"fr_CA","og_type":"article","og_title":"5 Financial Resolutions for 2023: Insights from a Portfolio Manager","og_description":"Following another turbulent year, it\u2019s time to kick off 2023 with your finances in mind. Here are our top financial resolutions for 2023.","og_url":"https:\/\/genuscap.com\/fr\/5-financial-resolutions-for-2023-insights-from-a-portfolio-manager\/","og_site_name":"Genus","article_publisher":"https:\/\/www.facebook.com\/GenusCap","article_published_time":"2023-01-22T17:20:19+00:00","article_modified_time":"2026-03-17T20:38:18+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/genuscap.com\/wp-content\/uploads\/2023\/01\/1-1024x576.png","type":"image\/png"}],"author":"Crisp","twitter_card":"summary_large_image","twitter_creator":"@GenusCapMgt","twitter_site":"@GenusCapMgt","twitter_misc":{"Written by":"Crisp","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[]}},"_links":{"self":[{"href":"https:\/\/genuscap.com\/fr\/wp-json\/wp\/v2\/posts\/24003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/genuscap.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/genuscap.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/genuscap.com\/fr\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/genuscap.com\/fr\/wp-json\/wp\/v2\/comments?post=24003"}],"version-history":[{"count":0,"href":"https:\/\/genuscap.com\/fr\/wp-json\/wp\/v2\/posts\/24003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/genuscap.com\/fr\/wp-json\/wp\/v2\/media\/24006"}],"wp:attachment":[{"href":"https:\/\/genuscap.com\/fr\/wp-json\/wp\/v2\/media?parent=24003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/genuscap.com\/fr\/wp-json\/wp\/v2\/categories?post=24003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/genuscap.com\/fr\/wp-json\/wp\/v2\/tags?post=24003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}