The last two days have been expensive. Norfolk Southern’s value has dropped to $190.07. I currently have 49.060606 shares in the fund bought at two different prices two days ago. My total investment is $10,000. Thus, the current market value is $9,324.95 meaning the fund has decreased $675.05 in two days!
Economic Substance Principle
Economic substance principle is a legal principle used by the courts to interpret the meaning of the Tax Code in regards to sham transactions designed to avert payment of taxes. For an in-depth understanding and examples of its use, read: Economic Substance Princple (Doctrine).