Vice is a recipe for investing success in this weeks Money week.
many of us will only admit to indulging in tobacco alcohol or gambling on an occasional basis but the success of these industries would suggest otherwise. the sin sectors have been having a particularly good run of late-wine, distillers and tobacco products are among the best performers. a fund manager decided to invest only in things people are supposed to steer clear of--the result is his vice fund 90% in defence,gaming ,alcohol and cigarettes. he says investing is about making money not making political or social statements.
it is certainly paying off his fund returned34.3% in the first year24.4% in the second year.. Spirits beer and cigarettes are rising rapidly due to Russia and potentially massive Chinese demand.
I am in NLR, GMC and SBT but have not dabbled in any others--any opinions as to whether this is our only hope for good returns next year? should we be following suit.