$WFC

Total 4 Posts
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 in San Francisco, Wells Fargo provides banking, investment and mortgage services, consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet and mobile banking, and has offices in 32 countries to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States.

2020 - April Performance

The lucky rabbits foot has paid big dividends in April. Compared to the broader S&P market the portfolio gained 43% compared to 12% - so that was nice.

Cleaning up after the kid in the candy store

Most of these are companies I would never buy in normal times. But I do know that over the years, the opportunistic snapping up of bargains and then thinning them as the market bounces - has consistently generated profits for me. Sometimes the market drops again and I get to do it all over again.

Portfolio Prune

I used my margin account to purchase during the recent dip. Since the market has been up a few days - I took the opportunity to sell some non-core holdings.

Banking on the Paycheck Protection Program

Last week I purchased a basket of bank stocks because I thought the market was underestimating the benefit to the banks from the Federal Government's Paycheck Protection Program.
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