A quick mid month refresh of my finances suggests i might be on course for my first monthly decline in net worth for over 4 years.
The main contributing factors are:
1) Around a 5% decline in the value of my investment portfolio, with emerging markets equities & currencies suffering materially in the first 2 weeks of the month. I've also noticed quite rapid declines in the value of the fixed income components of my portfolio (high yield bonds/pref shares). I took advantage of the declines to add the iShares Asia Pacific high dividend ETF to my portfolio. I have identified some other potential purchases aligned to my core strategy but will hold off committing too much to the markets at this moment.
2) Around a 4% decline in the value of my pension funds, which are heavily invested in global equities, and have broadly tracked the markets down.
3) I've also had a couple of one off expenses associated with renewing my tenancy, resulting in a below average (albeit still positive) savings rate.
I'm trying not to see this as a negative. The investment declines are market wide and if anything a pull back in the recent rally is healthy and provides a buying opportunity. Income and savings are still strong, and cash, property & investment yields are all healthy.