Do you love smoking cigars and cigarettes? Do you gulp down beer, whiskey, rhum, gin, lambanog, ethyl, isopropyl, etc.?
Do you adore gambling and playing the games of poker, slots, baccarat, bingo, blackjack, roulettes? Then I suppose you would definitely invest in companies that sell these products and services. Or, would you?
We always remind new investors to take a deeper look into a company’s fundamentals before deciding to buy their shares. But I seldom hear these days to consider asking themselves first if the company they are interested in are actually producing either clean or “sin” products.
You wonder why our government won’t totally ban cigarettes and liquor despite the more harm than good that they offer? It’s simple. The government earns from taxes paid by these companies. Continue reading Should You Invest in “Sin” Stocks?