Our net worth typically receives a big increase every August due to the annual vesting of stock awards from my employment. Last August, our net worth rallied $40K. The year before, it was $64k. And we are thrilled to see another $74K boost to our bottom line in the passing month.
This adds to our winning streak -- five back-to-back monthly net worth improvement of over $10K. At $1,815, our net worth gained just shy of $250K in the last 12 months.
Our household balance sheet, along with monthly, year-to-date, and trailing 12 months comparison, are shown below:
Apart from the annual stock award vesting, which contributed of about $45K to our net worth on an after-tax basis, other levers in our financials are also working well.
Our portfolio continued to benefit from the general market conditions. Our investment in the US market gained $17K, and most notably our biggest position, Berkshire Hathaway, gained almost 10% in the month. Our exposure in the Chinese market, mostly in guaranteed P2P lending, also gained $5K.
In addition, the CNY continued to strengthen against USD, adding almost $5K to our USD-based net worth reporting.
One side note: in the first 8 months of the year, our conservative portfolio has generated $87K return, which is slightly more than our spending in the same period. While it is a good sign that we can soon live off our investment income, we also remind ourselves that we benefit a lot from the bull market and we still need a higher asset base if we want to retire and ride out different market conditions.