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Stocking Up on Sin : How to Crush the Market with Vice-Based Investing - Caroline Waxler

Stocking Up on Sin

How to Crush the Market with Vice-Based Investing

By: Caroline Waxler

Hardcover | 11 February 2004 | Edition Number 1

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A one-of-a-kind guide to investing in vice industries
Although vices such as alcohol, tobacco, and gambling may be deemed socially irresponsible, in the investment world, these stocks continue to dramatically outperform the S&P 500 in this depressed market. Stocking Up on Sin shows readers how to get in on this hot investment trend and make the most out of publicly traded companies that deal with "vice" products such as coffee, weapons, alcohol, and tobacco.
Caroline Waxler (New York, NY) is a New York-based financial journalist. She contributes regularly to Worth and Glamour magazines as well as the Financial Times. She was also the ghostwriter for Worth's Greatest Stock Picks of All Time.
Industry Reviews
"Stocking Up on Sin is highly readable and informative. It is a strong candidate for the best business book of 2004."?The Fort Worth Star Telegram, March 29, 2004

There's an old saying: the only way to win at gambling is to own a casino. Most of us can't afford one, but put your money in casino stocks instead of slot machines and you can enjoy some real winnings. Gambling and other "vice" stocks?in companies that manufacture or market tobacco, alcohol, sex or weapons?have done well in recent years.

That's the point of Waxler's book. As the author puts it: "Sin never goes out of style." Of course, making money on sinful stocks doesn't sit well with everyone. If you prefer politically correct funds, notes Waxler, "you're only reading this book for sermon fodder." But be warned: she may convert you. Her so-called SINdex, composed of 69 vice stocks, climbed nearly 42 percent in five years. At the least, investing in sinful stocks might make you feel better about the money you lose on your next Vegas visit.?MSNBC/Newsweek, April 19, 2004

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