Purchased 292.0560 Shares Wells Fargo Bank

With a tangible book value of approximately $33 per share and a current market price of $33.24 per share, the Banking Pool diversified its portfolio and purchased 292.056 shares of Wells Fargo Bank this morning. The company is due to report its fourth quarter results later this week.

Including a transaction fee of $1 per share, the total investment is $10,000. The market recovery price is set to $53.00 per share and it is anticipated this will be achieved within 18 months. For clarification, this purchase is ex-dividend which exists for holders of record on January 11, 2021. Technically, the Fund is holder of record on January 12, 2021. Act on Knowledge.

Value Investment Fund's Two 3/4 Year Running Average Annual Return After Quarterly Taxes (28%) = 18.78% Thru 06/30/2022

This site's Value Investment Fund has outperformed all major indices since inception two and three quarter years ago. An 18.78% annual return after taxes (28% tax rate) is simply unheard of with any fund in the market. This Fund's average annual pre-tax return is 26.59% (thru 08/31/22). Here is a list of the major indices and their average annual pre-tax return over the last two and three-quarter years:
Businessecon.org's Value Investment Fund 27.38%

- Dow Jones Industrial Average 7.41% S&P 500 12.45%
- S&P Composite 1500 12.40% Russel 2000 7.88%
- NASDAQ 100 20.23% NASDAQ 17.01%
- Invesco QQQ 20.26% Vanguard Growth 16.08%
- Wilshire 5,000 11.65% Russell Top 200 14.17%

This exceptional return on capital investment demonstrates unequivocally how the principles of value investing simply outperform all other forms of investing AND THIS IS AFTER TAXES. Only sheer coincidence with one's picks, referred to as 'luck', can beat value investing. All activity is recorded in real-time on this website.

This site's Value Investment Fund's Annual Returns (Pre-Tax Basis):
. 2020 - 34.41%
. 2021 - 41.08%
Year-to-Date Thru 08/31/2022 - 4.77% (see chart below, click to enlarge)
Notice how this site's Fund had a dramatically lower loss while all major indices had huge losses? This is due to risk reduction which is one of the four core principles taught in Phase I of this program. If you want returns like this for your investment fund, then learn more, click here: Membership Program.

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Value Investing Episode 1 – Introduction and Membership Program