November has been a great month for us. Riding on some substantial portfolio gains, our net worth climbed to a new high of over $1.9M, making this the 8th month of back-to-back five-figure growth. This year so far, we grew our financial fortune by over $250K. If 2014 ends today, it will be our largest annual gain, ever.
Our household balance sheet, along with monthly, year-to-date, and trailing 12 months comparison, are shown below:
Our exposure in the Chinese stock market almost single handedly delivered our monthly growth. While we keep three quarters of our CNY-denominated assets in P2P loans guaranteed by the biggest insurer in China and faithfully generates interest at the 9% annualized rate, we invested about $200K into the local stock market and we hit gold in the month as China's stock market exploded after a long, multi-year bear market.
Our stock portfolio in the US market also appreciated a modest $5,000, only to be offset by the unfavorable CNY/USD foreign exchange ratio that set back our net worth numbers reported in USD by almost $6,000.
On the spending side, however, we paid $4K in this month for our Christmas trip in Mexico. As a result, we only saved $1K from my job income. Still, on a year-to-date basis, we saved $80K, or about 40% of our after-tax job income.
We look forward to celebrating a fruitful 2014 in 20 days. Our 2015 budget is still ongoing and we will be publishing our 2015 targets quite soon. Stay tuned.