Even with the rapid developments in science, politics and economics, we humans remain addicted to drinking, smoking and gambling. When the economy is doing well, with income on the rise, people tend to spend money to have fun. When times are tough, people drink, smoke and gamble ......I recently read an article “Sin Stocks Are Good Buys” by Goh Eng Yeow on Straits Times. It is an interesting article that looks at the rewards of investing in sin stocks which are mainly alcohol, smoking, casino and gaming related stocks.
According to Deutsche bank strategist Teoh Su-Yin, Asean sin stocks have outperformed the rest of the market by 5.2% from 1990 to the end of last year. That sounds like a pretty good track record, with I myself having sin stocks like Guinness Anchor Berhad, Carlsberg Berhad, British American Tobacco and Diageo Plc in my Malaysian and US Stock Portfolios.
Even with the rapid developments in science, politics and economics, we humans remain addicted to drinking, smoking and gambling. When the economy is doing well, with income on the rise, people tend to spend money to have fun. When times are tough, people drink, smoke and gamble ......
Even with the rapid developments in science, politics and economics, we humans remain addicted to drinking, smoking and gambling. When the economy is doing well, with income on the rise, people tend to spend money to have fun. When times are tough, people drink, smoke and gamble ......
