Our net worth logged a meager 0.3% increase of $4,273 to ended January 2014 at $1,663,823. Trailing 12 months improvement is $183,444, or 12.4%.
We saved about $5,000 from our wages. It is larger than normal and is helped by 1) $1,250 year-start employer contribution to Health Savings Account (HSA), and 2) my year-start lump sum HSA contribution of $4,050, which lowered my federal tax deduction.
On the investment front, our USD based accounts took a hit about $9,700 due to recent market situation. This is partially offset by $6,200 gains in our CNY-based accounts.
As we prepare our 2013 tax returns, the current estimate is we will receive around $10K refund thanks to some foreign tax credit on my bonus and stock awards attributable to my services in Asia. In this month, we made an conservative accrual of $5,000 to partially account for the expected refund.
The Chinese Yuan grew stronger over the past month. And the 0.15% exchange rate difference caused a $2,500 ding to our net worth tally reported in USD.
We also moved $58K from our investment accounts in the US to those in China, hence the large monthly swings in our cash & investments lines in the table. We feel the high bond yields and low stock market valuation presents a better investment opportunity than the current U.S. market.
Our credit card balance ballooned in the month partially because we are taking advantage of some generous sign-up offers that require a certain purchase amount. We didn't take a shopping spree -- we just charged the required amount thru our PayPal HERE device.
All in all, it's a pretty healthy month for us. How's your money working for you lately?