REITs vs Stocks daily update – Oct 5, 2021
The stock market jumped back up today recouping from yesterdays losses. Nasdaq rated up 1.3% and the technology stocks moved up as well. There are lingering concerns on the economy and the ongoing debate about the debt ceiling in Washington (article).
How this affects our $1000 investment in Wealthfront – our Wealthfront stocks are still below our initial investment of 1000, currently at $982.76. Although it improved a few dollars from yesterday, it’s still down from the bad month in September.
Today’s outcome is REITs win over Stocks, with a $1.00 growth in Fundrise and a $6.16 decline for Wealthfront. The running total balance of REITs is $1,122.86, which is a a substantial gap over stock market, $982.76.
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: $982.76 (Net returns to date: $17.24 losses)
Day change: $6.16 increase since yesterday (Oct 4, 2021) – $974.60
Historical info: Invested $1000 on August 2, 2021
REITs – Fundrise
Today’s balance: $1,122.86 (Net returns to date: $122.86 gain)
Day change: $1.00 increase for REITs since yesterday (Oct 4, 2021) – $1,121.86
Historical info: $1000 on July 27, 2021 (initial investment)
Wealthfront Funds snapshot:
Unfortunately, lifetime earnings are still in the negative for Wealthfront stocks with Foreign developed stock as poorest performer at 3.3%. US stocks inch in a better direction, going from 2.1% to now 1.2%.