By Matthew Makowski Sin stocks. The name alone is enough to scare away lots of institutional and individual investors. But their loss can be your gain.
We humans have been sinning for as long as we’ve existed. Our ancient ancestors wrestled with greed, gluttony, sloth, pride, anger, envy and lust. And that’s certainly still the case today.
That’s why sin stocks – a subcategory of the consumer staples sector – do well no matter what the greater markets are doing.
When cash is flowing, money pours into industries like alcohol, tobacco, casinos and firearms. And they’re just as resilient during economic downturns. Because once people get …read more