Friday, October 19, 2007

Vice advice

You may remember way back in February, when I suggested a mutual fund with a portfolio made up only of companies that serve people's vices. I'm about ready to call my experiment in the markets a failure, since I'm down 4.34% since the fund's debut.

Compare that to the S & P 500's 6% increase in the same period, and you have to wonder whether there's money in vice.

MGM Mirage was my best bet, up nearly 40%, but Molson Coors and Starbucks are killing me, off 37% and 20% respectively.

I guess the lesson is clear: Invest with your head, not your heart. Or at least pick a better beer.



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