PROFITING FROM THE VICES OF THE UBER-RICH AND UBER-NAUGHTY
Not only is “vice investing” fun but it can be quite financially sound, especially when the timing is correct.
Companies that derive a significant portion of their revenues from products or services considered socially questionable are covered and traded herein.
Do you know there are dozens of publicly traded cannabis-related stocks? Some say there are as many as 200 and we keep digging daily to find them. The legalization of cannabis for both recreational and medical use has created a new 'gold rush' of investment opportunity.
In the U.S., consumers have an appetite for luxury. The emerging middle class in China is buying automobiles and engaging in international travel. In Russia, the nouveau rich are sipping champagne and eating caviar. Whoever they are and wherever they are, consumers are spending money on more than just the basics and companies are profiting from their purchases.