After the stock had slight gains on Monday from severe losses last week, it continued with another day of losses. The S&P finishes lower and worries about the rising inflation stresses the market. (article)
How this affects our $1000 investment in Wealthfront –today we lost all of our gains in stocks, the Wealthfront funds now at $1,000.73 with a daily loss of $5.94. REITs however gained 11 cents. REITs not only win today, but have kept it gains, Fundrise balance at $1006.21 in total.
TLDR; What’s this all about? I invested $1000 in both REITs (Real Estate Investment Trust) and the Stock Market, and now it’s a challenge to seeing which one will perform better in the next 5 years. You can read the start here.
Here’s the numbers today:
Stock Investment – Wealthfront
Today’s balance: $1,000.73 (Net returns to date: $0.73 gains)
Day change: $5.94 decrease since yesterday – $1,006.67
Historical info: Invested $1000 on August 2, 2021
REITs – Fundrise
Today’s balance: $1006.21 (Net returns to date: $6.21 gain)
Day change: $0.11 (small 11 cent growth for REITs yet) since yesterday – $1006.10
Historical info: $1000 on July 27, 2021 (initial investment)
Wealthfront Funds snapshot:
US stocks and Foreign developed stocks still maintaining lifetime growth, but still a decline across the rest of the funds.