Financial Update Report – December 2018

Michael QuanFI / FIRE, Investment, Misc, Net Worth4 Comments

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Financial Update Report – December 2018

Below you will find a snapshot of our personal financials for the month for December 2018.  This includes a brief synopsis of our net worth and monthly cash flow activity.


Curious as to WHY I calculate and share our personal net worth?  I explain it here.

Want to track your finance the same way?  See how I use Personal Capital to help create these financial reports absolutely FREE.  Also, download my FIRE Budget spreadsheet – How to Budget Like a Bad Ass!


December Overview

Hello from abroad!  *Take this financial update with a grain of salt.  It may be more of a travel update than a financial report.  😉

We just arrived back in Macau after 10 days in Thailand.  We were super lucky and picked up stellar weather, barely dodging a typhoon on our way out… whew.

Our first 5 nights were in Koh Samui, followed by 4 nights in Bangkok.  We’ll be here in Macau another 3 days before spending our final days in Hong Kong.

Here are a few pics from our Thailand adventures…

A little Muay Thai training our first day on the island.

Feeding the elephants pineapple at the sanctuary.

Fishing for giant Siamese Carp!

I won the jackpot with this guy! (i.e. biggest fish of the day in our group of 8)

Thai cooking class was super fun!

We made green papaya salad, yellow curry with prawns, and Tom Kha soup with chicken.

December was a rushed month as we were packing and trying to finish up last-minute items before departing, but everything worked out as planned.

I think our NW numbers are a touch high because several of our TD Ameritrade accounts are able to connect through personal capital at the moment, so bear that in mind.

Anyhow, let’s get to the numbers…

Net Worth Summary

Net Worth was back down this month with a lot of volatility in the markets.

 

We finished the month at $2,084,018 vs. $2,093,747 this past November.  This is a -$9729 increase in our net worth or 0.4% by percentage.

This can be attributed to slight shifts in our cash position, investment changes, and property values fluctuating.

Cash Flow Summary     

Cash flow for December was positive again.

 

We ended up with $1776 of negative cash flow for the month.

Income for December was $13,929 and down from last month.

 

Income for the month was down primarily because of my latest FBA hiccup!  If you’re on my newsletter, then you know that I had my product de-listed unexpectedly right when I had new inventory arriving.  So, sales were essentially dead for a couple of months.  But, after a lot of persistence, I was able to have my product relisted based on the steps I’ve been taking to improve my product.  Sales are slowly starting to resume.

Our recurring income is primarily made up of my wife’s teacher salary, rental income, dividend income, misc investment income, coaching, and online income (FBA).

Expenses

 

December’s expenses were up for the month, however, a lot of this travel expense was a cash withdrawal for our inlaws (who gave it back to us later), so it’s technically not an expense.

Nevertheless, we also brought $1500 cash from our own reserves, so all things considered, we were probably closer to -$1000.

Portfolio Balances (Equities)

As I mentioned earlier, our TD Ameritrade accounts aren’t able to be updated in Personal Capital at the moment. So, this chart may be off by a bit.

Final Thoughts

Before we left to Asia, I funded our Roth IRAs and set up our charitable giving for the year.  The charitable giving doesn’t show up under the normal categories because this year we opt’d to donate stock instead of cash.  This was a suggestion by our wealth manager that I liked.  It allows us to give appreciated stock, but without having to pay the capital gains taxes on them.

Anyhow, it’s been great eating on the cheap in Thailand.  You can eat like a king for just a few US dollars.  Macau is a lot more expensive, but our relatives have been generously paying for everything, so our costs have been minimal.

Readers, how was your month of December?  Did you get to wrap up all of your year-end financial plans?

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4 Comments on “Financial Update Report – December 2018”

  1. Looks like a great Trip Michael, looks like your net worth took a little dip in December, but it will bounce back. Hope you have a post soon with pics from Hong Kong, a place I’ve always dreamed of going to. Safe Travels!

    1. Thanks, Jim! I hope you’re able to make it out to Hong Kong someday soon. It’s a beautiful city with lots of hidden culinary treasures.

  2. Wow! That carpe is ENORMOUS! Is that in a lake or the ocean?

    What do you think about Koh Samui in general? How many stars out of 10? I thought about going when I was in KL and Angkor Wat, but decided to pass.

    Impressed your December net worth didn’t take a tumble with the stock market. What do you attribute the outperformance to?

    Sam

    1. The carp was caught in a private lake. It was super strong and swam away like a boss on release!

      Koh Samui was really great. There was a ton to do there, and we only scratched the surface. It had some similarities to Hawaii, but with all the Thai flare. I’d give it a solid 8 out of 10.

      NW probably dove more than I showed, because I’ve been having a trouble tracking our TD Ameritrade accounts in PC. But that said, it wouldn’t have adjusted us down that much further since a fair chunk of our NW is in real estate.

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