From Booklist
An increasing number of mutual funds are touting a “socially responsible” approach to investing, which often means that they avoid companies involved in vices such as drinking, smoking, gambling, and adult entertainment. Ahrens and his colleagues at MUTUALS.com decided to take the opposite tack and in August 2002 launched the Vice Fund, which invests exclusively in “sin stocks.” Believing that these politically incorrect industries are relatively recession proof, Ahren…
Buy Investing in Vice: The Recession-Proof Portfolio of Booze, Bets, Bombs & Butts at Amazon
3.0 out of 5 stars
Is it fun or profitable to sin?
This simple financial advice book focuses on ‘sin stocks.’ The writer in his portfolio states that this is a perfect world, the world of sin and corruption.
I thought Ahrens book would be gimmicky, as it turns out, it was anything but gimmicky. Ahrens’ take on the gaming, alcohol, tobacco and defense industries being an essential part of any investors portfolio is well thought out and credible. For those investors looking to recession proof their portfolio, Ahrens’ book on vice investing is a great resource. I enjoyed the book in large part because it was an easy read, but very informative.
Investing in Vice is a very insightful with straight forward and well developed ideas on the virtues of investing in vice. A must read for all investors and a great portfolio diversification strategy. The author is a sage voice in a sector where the hype, glam, politics, and zeal often overshadow the reality that many of the companies are great performers and stocks.
4.0 out of 5 stars
Investing Should Be About Making Money…………..
…..and not about making a social or political statement – that’s what investing in “vice” is all about.