sin stocks are hopeful bets … but what do your morals say?
February 5, 2008

The history of sin stocks shows consistent or even strong performance in downturned stock markets.

I grow more and more willing to embrace imperfection & inconsistency, especially when it relates to my own character (& the stock market). 🙂 But heck, I don’t know if my moral code – whatever the heck it is – can bank on humanity’s weakness.

And that type of hesitancy can make those more willing some big bucks.

Where do you stand on investing in people’s vices?

More from:

  • Science Daily’s take on sin stocks & moral judgment;
  • Kiplinger & their insight into how vice stocks can be virtuous in a very bear market.
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    $5million & your piggy bank: financial planners’ standard target for retirement
    January 14, 2008

    “Mrs. Foster, you & your husband should save at least $5million for retirement…at least!”

    [THUNK]

    That’s my psychological (& literal) piggy bank passing out from that advice. Most all financial planners I met with last year suggested $5million be our retirement savings target (east coast).

    What the SAM HECK do we need to save that amount for?! I’ll calm my drama-momma attitude … & attempt to answer with some calm. Feel free adding ideas to this list:

    • Longevity (age 100 to be commonplace)
    • Health care (allocate $150k-200k for health care costs excluding long term care)
    • Inflation
    • Housing (assuming a paid-in-full home, consider property tax per US Treasury)
    • Food
    • Fun (one trip annually)
    • With above factored in the equation — leaving $1k/mo for health care costs during retirement — our current retirement savings quest is $2.5million. It makes financial planners smirk but, although hefty it’s an aggressive goal that doesn’t leave my mental or literal piggy bank in shock.

      More from:
      FreeMoneyFinance writes on the $5million topic with an active discussion thread;