With another $19K increase, July is the four consecutive month we enjoyed five-digit monthly net worth improvement. At $1,741K, our net worth rose a handsome $216K in the last 12 months, a good 14.2% gain.
Our household balance sheet, along with monthly, year-to-date, and trailing 12 months comparison, are shown below:
While the final tally is pretty, there are still quite some headwinds. For one, the medical bills for my wife's surgery came in droves and added to over $4,000. We managed to stay above the water by saving a paltry $755.
Our USD-denominated investment portfolio also retreated by $6,000, reflecting a slightly declining market. To offset, though, our portfolio in China performed extremely well, gaining over $12,000 in benign market conditions.
On the foreign exchange end, we continue to recover the early-year loss. The CNY/USD foreign exchange rate, now at 6.17, declined 0.5% in the month and benefited our USD-based net worth tally by $4,500.
Finally, my parents and in-laws visited and stayed with us in July. They were also graciously enough to leave us with a sizable monetary gift. How kind are they!
Our family celebrated the summer by taking a 10-day, 2,500 mile road trip to Canadian Rockies. A lot of fun indeed!