After a week long streak of declines for the stock market, today recorded gains. There’s still negative sentiment that the stock market is at it’s peak and people are predicting a 10% loss. (article)
How this affects our $1000 investment in Wealthfront –today we recovered and gained $3.67 while REITs had a growth of 18 cents. With the recovery from the market, Stocks win over REITs today – Wealthfront is now $1006.67 vs Fundrise at $1006.18 in total. These two funds are still very close to each other after over a month of opening.
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: $1,006.67 (Net returns to date: $6.67 gains)
Day change: $3.67 increase since Friday of last week – $1,003.00
Historical info: Invested $1000 on August 2, 2021
REITs – Fundrise
Today’s balance: $1006.10 (Net returns to date: $6.10 gain)
Day change: $0.18 (small 18 cent growth for REITs yet) since Friday of last week – $1005.92
Historical info: $1000 on July 27, 2021 (initial investment)
Wealthfront Funds snapshot:
We’re seen no growth in most of our Wealthfront funds, although US Stocks still have a positive lifetime growth.