It's easy enough to plug most of the sin stock categories into this ancient list: Gluttony could refer to alcohol and tobacco stocks, wrath could refer to weapons stocks, and greed could refer to gambling stocks. Adult entertainment companies can also fall under the umbrella of sin stocks, and they fit nicely into the lust category.Other stocks and sectors can be considered sinful too — depending on your religion, your politics, and your personal moral and ethical values.
And if alcohol is sinful, maybe marijuana is, too, if it's being used for recreational and not medicinal purposes. The stock of a company that produces opiates could be considered a sin stock because of all the people who have died or become addicted — though of course, these drugs have enormous benefits too.
Even sin stocks' negative connotations can work to their advantage. Certain institutional investors — especially those handling funds for religious or academic groups — often shy away from notorious or controversial businesses. That can lead to a particular sin stock being undervalued and a good bargain.Even if you have no moral or ethical qualms about investing in sin stocks, you should consider their potential financial drawbacks before adding them to your portfolio.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside McDonald's whirlwind week and how brands are using TikTok - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
What to watch today: Stocks slightly lower after Wall Street's strong start to SeptemberU.S. stock futures were marginally lower as investors await key jobless data. PLAIN & SIMPLE, WALL STREET HAS BEEN HELPED, MAIN STREET NEEDS HELP: A STRONG HEATHY STIMULUS PACKAGE WITH RESTORED AND RETROSPECTIVE ASSISTANCE & STATE ASSISTANCE! OTHERWISE ECONOMY WILL DESTROY IT ALL!
Source: CNBC - 🏆 12. / 72 Read more »
US stock rally halts as investors shun tech giants - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. plenty of room to run in precious metal jr mining stocks Great clip art. The panic’d trader picture never gets old.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks to buy, 3 commercial real estate firms set for gains amid COVID - Business InsiderA commercial real estate-investing expert explains why the future of offices isn’t as bleak as you think — and shares 3 property stocks set for gains no matter the path the COVID-19 recovery
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook stock price falls after announcing new political ad ban - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Ads* I remember when I joined Facebook to connect with my friends and share photos... Those were the days. DeleteFacebook
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow tanks 808 points as tech-stock exodus drives worst day since June - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Is there a photo of traders on the floor when the market is UP 800 points? We only see them when they're exasperated by downward movement of the market. Thank you 45. Making America Great Again, Again. Joe2020
Source: BusinessInsider - 🏆 729. / 51 Read more »