Our back-to-back five-figure monthly asset growth finally came to an end. In the month of January 2015, our net worth dropped over $12K, or about 0.6%. On a trailing 12 months basis, our war chest still delivered a comfortable improvement of $305K, or 18.4%.
Our household balance sheet, along with monthly, year-to-date, and trailing 12 months comparison, are shown below:
Several factors contributed to our year-start misfortune. First, our USD-denominated investment, which amounts to about $400K, dropped $7,500 due to market conditions. Our investment in the China market didn't help either -- it managed to lose $600 in the month on a $1M portfolio.
Second, the CNY/USD foreign exchange (FX) rate extended its slow decline and caused over $9,000 drop in our USD-based net worth reports. In the last three months, we saw a total FX impact of $24K.
On the brighter side, we saved over $5,000 from our paychecks -- some of that is due to employer contribution to my Health Savings Account as well as a reduced tax at the beginning of the year.
All in all, we are not too surprised that our monthly report occasionally shows some red ink. We are very sure with our diligent saving efforts and conservative investing, we will soon be arriving at the $2M milepost.