Have you looked at your retirement plan or brokerage account statements the last couple years, and said, "I need a drink"? Apparently a lot of people have. Take a look at the 1, 3, and 5-year charts on this page. The stock market has been lousy, but alcohol stocks seem to have performed well.The Vice Fund invests in alcohol, tobacco, war-related industires and gambling -- all profitable industires while the once profitable IT stocks are plummeting...
Call me an immoral capitalist if you wish, but if a similar fund was set up for Europeans, I'd consider investing... It could be a scam, but the domain name is owned by mutuals.com, which seems to be a serious enought actor in the US market...
Comments? Is this way off the moral scale, or just good ol'fashioned capitalism providing a product to cover a need in the market?
Anders Jacobsen |
[weblog / photography]