Concerns still brew around China’s Evergrande with risk of default and it affecting the rest of the global markets. The S&P 500 was up but ended down, and Nasdaq has minimal gains (article). People are still waiting on the outcome of the Fed happening on Wednesday and that will affect how tomorrow goes for the stock market.
How this affects our $1000 investment in Wealthfront –today, we are saw a slight increase at $2.98. Our Wealthfront stocks are still below our initial investment at $981.61. REITs win over stocks with a larger than normal increase of $1.05, but a running total balance of $1007.56, nearly $26 dollars over stocks.
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: $981.61 (Net returns to date: $18.39 losses)
Day change: $2.98 increase since yesterday – $978.63
Historical info: Invested $1000 on August 2, 2021
REITs – Fundrise
Today’s balance: $1007.56 (Net returns to date: $7.56 gain)
Day change: $1.05 (large growth for REITs today) since yesterday – $1006.51
Historical info: $1000 on July 27, 2021 (initial investment)
Wealthfront Funds snapshot:
All lifetime earnings all of these funds are down. US stocks representing a 0.7% decrease overall and Foreign developed stocks showing a 3.3% decrease overall.