Recession, smecession. While media worry-warts keep pondering when this 2008 U.S. recession will begin, some of those with impeccable market timing may be looking at picking up a few sin stocks for their portfolios before all this doom and gloom hits. Fact is that recessions are an integral part of any capitalist society, and they can be beneficial to those market watchers who go against the grain when everyone else isn't looking. 30 years ago, some were wondering if capitalism could survive. Fast-forward to 2008: that's affirmative.
What can you do to survive a coming recession this year? Instead of taking all your money from stocks and stuffing it under the couch, how about picking up sin stocks? These are stocks that involve companies that make and market vices like tobacco and alcohol.
Because -- of course -- widespread talks of a recession can prompt widespread depression. That, in turn, can cause abnormal amounts of the population to being puffing and drinking their portfolio and gas price worries away. Some example are Altria Group, Inc. (NYSE: MO), Anheuser-Busch Companies, Inc. (NYSE: BUD) and even the Ladenburg-Thalmann Gaming and Casino Fund (NASDAQ: GACFX).
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Reader Comments (Page 1 of 1)
1-11-2008 @ 3:00PM
jescudero said...
Mr. Bernanke is going to reduce interest rates and the recession is going to creep up anyway, in other words Mr. Bernanke you can't please every body, especially in wall street you should know this by now. This is to show that experience is cruxial look the present administration, 8 years in office and every body is running like chicken with a head. well I guess not everybody... need to mention who??
1-11-2008 @ 3:13PM
Vic said...
Silly Suggestion.
The truth of the matter is when ever a recession hits, people spend LESS money then more?!? That is why they call it a recession....
I would suggest you invest it in stronger forms of currency like GOLD, and GOLD Refining stocks. Energy companies would be another smart thing to invest in pesonally.
1-12-2008 @ 2:00AM
Gumby said...
Buy sin stocks and tell smokers to butt out of your face everyday!!! Also tell smokers that you dont give a damn about their health and just tell them to get lost!
1-12-2008 @ 2:07AM
Gumby said...
Also tell the government to stop buggering sin companies so that we can earn more in dividends that is being eaten up by silly corporate lawyers who are just pretending to defend sin companies from retarded smokers's lawsuits. The real issue is that we do not really give a rat about dying smokers and all that stuff. It is the health provider's issue not ours nor the government. Another real issue is that smokers got to stop blowing smoke into our faces everyday. We are sick and tired of them doing that in the open streets!! Just start kicking those smokers and butts out of our ways. We are supposed to sue smokers not the sin companies even if the smoker are already dead, anyhow...