By REITs vs Stocks daily update – Oct 20, 2021
The stock market jumps to a new all-time high with a 6th day of positive earnings (article). Investor sentiment was boosted by higher than expected Q3 company earnings across the 3 indexes. Dow jones was up 0.4% for it’s all time high. Bitcoin also reported to be it’s highest at $66,000, also an all-time high for cryptocurrency.
How this affects our $1000 investment in Wealthfront – our Wealthfront stocks continue to have positive gain following the stock market. This puts our investment above the initial investment of $1000, currently at $1022.52.
Today’s outcome is Stocks win over REITs, although there was a solid 96 cent growth for Fundrise, Wealthfront had a higher daily gain of $5.66 daily increase. Still, the running total balance of REITs is $1,124.25, which is a a substantial gap over stock market, $1022.52.
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: $1022.52 (Net returns to date: $22.52 gain)
Day change: $5.66 increase since yesterday (Oct 19, 2021) – $1016.86
Historical info: Invested $1000 on August 2, 2021
REITs – Fundrise
Today’s balance: $1,124.25 (Net returns to date: $124.25 gain)
Day change: $0.96 increase (96 cent increase for REITs) since yesterday (Oct 19, 2021) –$1,123.29
Historical info: $1000 on July 27, 2021 (initial investment)
Wealthfront Funds snapshot:
US stocks are at it’s highest with a 3.4% growth rate in lifetime earnings since we opened this Wealthfront account in late July. Most funds are we’re investing in are US stocks @ 64% allocation and Dividend Growth stocks @ 31% allocation. They’re both showing positive growth. Dividend growth jumping up to 3.6%.
