Comments on: Time To Buy Stock In Gambling, Alcohol & Tobacco Companies.

By: david

david — Sun, 21 Sep 2008 16:19:35 +0000

Anonymous – you missed the point of the article. Did you read all the way through? I said how ridiculous it is to invest in that stuff…

By: Free TV & Movies on Hulu

Free TV & Movies on Hulu — Sun, 21 Sep 2008 13:56:02 +0000

[...] With economic times shakier, it’s important to invest in something lasting. I like indexing because that’s essentially buying the market. David of My Two Dollars asks if it’s Time to Buy Vice Stock? [...]

By: Savings Toolbox

Savings Toolbox — Sun, 21 Sep 2008 01:54:29 +0000

Congrats on shaking things up a bit and getting personal! It’s a good way to make a great debate!

I also wanted to say great post. It is interesting that in the most difficult of times, people still do fall back on the comforts of a vice – no matter how much sense it does not make. Interesting to think that people would fare well by investing in other people’s failures…

Best wishes to you!

By: The Weekend Round-Up

The Weekend Round-Up — Sat, 20 Sep 2008 22:24:42 +0000

[...] favourite response to the economic downturn is that of My Two Dollars, who suggests that this is a time to buy stocks in gambling, alcohol, and tobacco companies. It looks like Mr. Cheap at Quest for Four Pillars did alright with his Rothmans shares, now that [...]

By: Anonymous

Anonymous — Sat, 20 Sep 2008 20:14:34 +0000

Also, I sound like an idiot in my previous post because I didn’t check my spelling

By: Anonymous

Anonymous — Sat, 20 Sep 2008 20:13:24 +0000

Typical financial advice. Let’s start adjusting to a downtime AFTER it has already happened (even though the probably of stocks going up is it’s highest at that point). Buy high and sell low (http://www.retro.ms11.net/InvestorMind.gif) is what most people do. True investors make money in the bad times because they already had a portfolio setup that is adjusted to their risk tolerance for good and bad times.

By: Jon

Jon — Fri, 19 Sep 2008 19:33:57 +0000

LMAO. I was thinking the same thing as I was headed home from work the other day. I recall the last couple of stock market declines ‘87 and ‘01 being better for the sin industries than one would expect, and had about decided to buy some Anheuser Busch stock. I’ll have to look at the industries and stocks to make an intelligent pick, but something tells me many will be drowning their sorrows in the coming months.

By: Uncommonadvice

Uncommonadvice — Fri, 19 Sep 2008 17:06:46 +0000

Hello. I was a Casino Manager for the best part of a decade, and I can assure you that Gaming is NOT recession proof.

In fact, you’d be amazed by how much the gaming industry has relied on the withdrawal of equity from the rising housing market over the last decade. I’ll wager that some of the UK companies will be hit hard over the next 18 months.

By: Jerry

Jerry — Fri, 19 Sep 2008 15:23:29 +0000

Money in vice stocks? Ummm… no thanks. I’d rather find better ways to invest my money. There’s no insurance for any stock so I’ll take my chances on something else. Green companies are on the rise and I’d like to invest in something that will lead to positive change.

Jerry

By: Friday Finance Findings for September 19th - Arrrrr! Ye Pirate Edition : Generation X Finance

Fri, 19 Sep 2008 14:54:12 +0000

[...] Time To Buy Stock In Gambling, Alcohol & Tobacco Companies – When times get tough, people can seek help from things such as alcohol and gambling. It isn’t always pretty, but it can bode well for companies that produce these products and services. [...]