Vice is Nice
I have heard of socially responsible investing and Shariah investing even, but what on earth is a vice fund? Its the exact opposite of being socially responsible and exactly what you think it is. Investing in tobacco, gambling, alcohol, arms, ammunition manufac. and even chocolate (?) companies and apparently they beat even the S&P 500's in their annual returns (29%), now thats some fund.
Charlie Norton the founder argues that the vice fund is "recession proof" simply because people drink, smoke, gamble, fight wars - when they're happy, sad, depressed and the one thing that sure sells during recessions is alcohol!
See more hear more feel more (vice?)
Warning: Jim Cramers over excited voice modulation
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- Sri
- I am a 25yr old, absorbing, learning, making healthy lifestyle changes, and a practicing yogini!
1 comment:
one of those posts where you don't understand a word, but have to pretend you loved it because invariably these are the ones worth ooh-aah ing over:(
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