Sunday, November 05, 2006
Recession Proof Investing
I've wondered for years about about how well a mutual fund could do if it concentrated on alcohol, tobacco, and gambling. The answer is quite well. In addition the "vice" fund invests in the defense industry; thus, hitting the trifecta of alcohol, tobacco, and firearms: The Seattle Times: Business & Technology: Casino, tobacco, alcohol stocks beat market: "...these sectors should perform even better — relative to the overall market — if the economy slows, as most financial experts predict. That's because people will smoke, drink and probably gamble during a recession."