June 2013 Net Worth Update (-$7,619)
Highlights for June
- Our properties are listed on our balance sheet based on their cost basis, not current market value. We did this while the real estate market was riding high and we continue to do it now during the slide. I believe real estate is too illiquid to list based on recent sale transactions. For those interested, our June Zillow property estimates are: $195,104; $120,053; $285,811 (which recently appraised for $270k); and $236,994.
- June has been a very hectic month for us as we transitioned our family to China to start a work assignment. Our monthly expenses skyrocketed as we picked up our family and moved ourselves into a 3 bedroom apartment in China. I hope to get reimbursed for the majority of the expenses back from my employer (note receivables, and the liabilities adjustment which was an advance by my employer in net worth table) but we made a passive decision to spend in excess of our expected allowances to ease the transition for the family. I hope to resume some discipline to our budget/cash flow in July.
- If there are any particular topics you'd like me to post on regarding our assignment/financial impacts please leave me a comment.
- In June our actively managed portfolio beat our VTI benchmark. I'll post my investing report shortly.
Related in Net Worth:
December 2016 Net Worth Update (+$19,452) (Feb 04, 2017) Highlights for DecemberIm far behind with updates on the blog for the past several months. Playing catch-up.We closed 2016 with a nice gain offsetting increased spending. Our net worth rose $170,147 in 2016 still comfortably ahead of our financial...
August 2016 Net Worth Update (+$27,077) (Oct 03, 2016) Highlights for AugustOur net worth hit $1.5M for the first time in August. It took 43 months to growth $500,000 since January 2013 when our net worth first crossed $1M to get here. I signed up for a US...
July 2016 Net Worth Update (+$33,703) (Oct 03, 2016) Highlights for JulyJuly was a much quieter month for us as we returned from our overseas trip from Vienna early in the month and stayed home for the rest of the month.After turning the keys over in June on...