December is another strong month in which we benefitted, again, from robust portfolio performance, stable job income and business income. With $26,716 increase in our balance sheet, December marked the seventh consecutive month of five-figure monthly net worth growth.
We are really glad 2006 is finally behind us! For the full year, we increased our net worth by over $230k or 57.6%. This spectacular performance is beyond our wildest guess when we set our financial plan earlier this year. We hope 2007 will be as good.
MONTH-END BALANCE SHEET
HIGHLIGHTS OF THE MONTH
• Portfolio: Our $700,000-strong portfolio returned almost 2% for the month. Our heavy exposure to international equity market, and our core positions in ConocoPhilllips and Citigroup continued to shine.
• A took a week-long do-nothing break during the Christmas week. This helped me to think about what I will do once I have financial independence. Unfortunately but not surprisingly, I found I have no idea how I can consumer my time meaningfully once I get my 8-hour-a-day in the job back. This is of course not a personal finance topic, but I might need to figure it out in the next couple of years.
• I will be more methodological in managing our growing portfolio in 2007. I'm considering setting up monthly cycle to review my portfolio regularly and consistently.
• We have a couple of family vacations lined up. We will have a short trip to Hong Kong so my 5-year old will meet his cartoon friends in the Disneyland. We are also planning a trip to Bali, Indonesia in late February. Should be fun!