A booming stock market is behind the stellar performance of our household finance in the past month. With over $38,000 in portfolio gains in the month, and continued cash flow generation from my day job and sideline business, our net worth broke into the 700's. The monthly improvement of $45,748 is the second best in record, only behind October 2005 when we sold our house and booked the real estate appreciation.
MONTH-END BALANCE SHEET
HIGHLIGHTS OF THE MONTH
- With the growing asset base, the performance of our portfolio is becoming the No. 1 factor in our net worth growth. This month's gain of $18,000 is the best monthly recording ever thanks to 3-5% gain in major indices.
- After a strong quarter earning release, MSFT is rebounding from $26 in mid-March to $30, where it started the year of 2007 at. Year-to-date appreciate in outstanding options? Next to nil.
- Our side business delivered an above-average month. Our year-to-date booking has exceeded $35,000, or 50% of our annual revenue in 2006.
- We continued to tighten up our expense except for a small celebration of our wedding anniversary.
- Our tangible assets grew to over $800,000 after this fruitful month. We still have $47,000 in credit card balance (in 0% or ultra-low APR balance transfer deals) and $33,000 tax liability should we liquidate all winning positions in taxable accounts.
- KPMG delayed the tax filing for 2006. It also informed me that I can make about $10,000 contribution to SE 401(k) account in tax year 2006 and it will reduce my immediate tax by about $3,300. I will be happy to make the contribution whenever KPMG is ready to file the tax.
The third family trip of the year is booked. Destination: Hawaii. (Gladly my employer picked up the bill for air fare and hotel as part of expatriate's benefit package.)