Recovering from the temporary setback in January, our net worth advanced almost $29K in the month and is now tantalizingly close to $2M.
Our household balance sheet, along with monthly, year-to-date, and trailing 12 months comparison, are shown below:
While we continued to save a reasonable amount every month from our paycheck -- $3,300 in February -- it is largely the investment income that determines our month-to-month change of fortune. This month is no exception. Thanks to favorable market conditions, our USD-denominated portfolio appreciated almost $10K, while our investment in China delivered a $19K gain.
The foreign exchange rate, a continuing headwind, set back our USD-based net worth by $3,400 in the month after the $9,300 blow in January. It is, however, not something we are too concerned about. After all, it's more an indication of a stronger dollar and less an indication of a weakening Yuan. After all, the Chinese currency continues to appreciate against almost all other currencies except for Uncle Sam's dollar.