Thursday closes with another consecutive day of gains reclaiming the losses from Monday. Uncertainty had been building around the path of the economy and the Fed instilled some confidence into markets yesterday (article). There are still concerns around unemployment claims increasing from last week, putting the question as to whether our economy will recovery as the Fed says it will. In the meantime, this however isn’t affect the stock market for now.
How this affects our $1000 investment in Wealthfront – our Wealthfront stocks are still below our initial investment at $998.29, but had an $11.96 daily increase. Stocks win over REITs today, but overall, the running total balance of $1007.68, still much higher than 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: $998.29 (Net returns to date: $1.71 losses)
Day change: $11.96 increase since yesterday – $986.33
Historical info: Invested $1000 on August 2, 2021
REITs – Fundrise
Today’s balance: $1007.68 (Net returns to date: $7.68 gain)
Day change: $0.12 (12 cent growth for REITs today) since yesterday – $1007.56
Historical info: $1000 on July 27, 2021 (initial investment)
Wealthfront Funds snapshot:
With today’s gains across the stock market due to positive news around Federal Reserve plans to reduce buy back policy slowly starting next year to 2024, our lifetime earnings started to show good signs. US stocks moved into 1.3% positive, while Foreign developed stocks showing a 3.3% decrease overall. Overall, US stocks showed gains across the 3 indexes.