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Thursday, January 5, 2023

Happy New Year 2023 Investors!

As an introduction to this new year, I posted an investment portfolio review - for what I hold essentially in stocks, and their individual growth ranking since their inspection in my portfolio. I don't know if I can say "since their inspection in my portfolio", but I guess you'll understand what I mean. Even the word "inspection" is quite something in itself for me. For the year 2022, my National Bank Direct Brokerage is giving me a +1.56% performance for all of my accounts combined together. If I take each account separately, here are my return for the year 2022:

US portfolio: +8.43%
RRSP portfolio: +4.26%
TFSA portfolio: +1.43%
Non-registered portfolio: -1%

Those are not extraordinary returns, but knowing that the TSX closed the year 2022 way behind the 20,000 points, I am not doing too bad. It could be worst, so I am just going to be satisfied with the overall +1.56% for now. For 2023, I am not expecting better results. I don't want to be a pessimist, but I prefer to keep my expectations low. However, I am in a very good place right now financially speaking. That's why I don't feel too bad about my tiny little return no matter what. 

Who says New Year says new TFSA contribution. For 2023, the limit is $6,500. I had this idea for a little while now, and that is to take the BCE shares that I hold inside my non-registered portfolio and have them switch over to my TFSA portfolio as a contribution in kind. I didn't proceed with that move yet because, in my non-registered portfolio, my BCE shares are worth around $3,000 

For my RRSP contribution, I prefer to make my contribution always at the end of the year for practical reasons. However, I do contribute to my RRSP all year long via my employer, but for extra contributions, I always prefer to wait until the end of the year. In case I lose my employment situation, I wouldn't like to have contributed a 1-2k to my RRSP at the beginning of the year because I wouldn't be able to access that money in case of need. That's why I always make an extra contribution to my RRSP only at the end of the year, or really early beginning of the year - but following what, I only contribute to my RRSP at the rear end of the year.

For the past decade, I had been very lucky in terms of employment. I think my job is safe for the upcoming year, but I am just an employee among others. Things can happen. That's why I always prefer to add extra money to my RRSP only at the year's end. I am quite satisfied with what I have as an investment portfolio. At the present time, I am not looking to make any new investments other than using the money collected from my dividend income.

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