Thursday, March 25, 2010

Are you in sinful investing?

What are sinful stocks? Stocks that are associated with gambling, alcohol, tobacco, firearms and pornography are classified as sinful socks. On the other side of the coin, we have what we called Socially Responsible Investing (SRI). Each side has their own fans and support.
There are others who couldn't care less. Whether it is sinful investing or SRI investing, it does not mean anything to them. So long as the investment is yielding a good return they will go for it. Just as, they are guys who like teasing young ladies, there are others who like pleasing them. Really, it all a matter of choice depending on the individual.
Gambling is actually bad for society. Gambling is generally associated with gangsterism, illegal money lending with exorbitant interest rate, robbery, confidence men, illegal sex and prostitution.
Alcohol and tobacco are habit-forming. A person taking them can become addicted and suffer health impairment as well.
Is it right to classified firearms under sinful stocks? No doubt, firearms such as warplanes, mines, bombs, guns and cannons have killed millions of people, but they are also needed to keep peace.
Supporters of SRI investing are normally people who are concerned in ethical values. Industries associated with medicines, water, electricity, climate change, food, building materials and housing are classified under SRI.
For me, SRI investing is the preferred choice.