Our net worth ended the month of March 2014 at $1,670,949, a slight 0.3% retreat from the prior month. All in all, we ended the first quarter of the year with a combined net worth gain of $11,400, or 0.7%.
Our household balance sheet, along with monthly, year-to-date, and trailing 12 months comparison, are shown below:
Several factors contributed to our first monthly net worth decline in five months.
First, we barely saved about $500 from earned income. We paid $3,400 for hotel and airfare for our spring break vacation, purchased $2,000 worth of lawn care equipment and supplies (including a lawn tractor, a dethatcher, a hedge trimmer, a blower, and hundreds of pounds of fertilizers) in order to take care of our lawns.
On the investment front, our USD-based portfolio gained over $6,000 as S&P sets new highs. Our CNY-based portfolio lost a small sum of $500. We also exchanged another $50,000 into CNY.
What really set us back is again the foreign exchange rate. CNY weakened by another 1.15% in the month (on the back of the record-bearing 1.44% in February), and this dragged our USD-denominated net worth reporting by over $11,000. Over the three-month period in Q1, FX rate bit us for over $26,000.