The Vice Fund
Here's a link to something interesting I heard on NPR last weekend. Debbie Elliott interviewed Charles Norton, manager of the Vice Fund, which invests in tobacco, alcohol, gambling and defense companies. Finally, a socially responsible fund I can get behind.
posted by Jason Sonenshein @ 11:35 PM
10 Comments:
The Vice Fund people have SEC and US Attorney charges against them for securities fraud though. Its burried in the propectus. That's not vary socially responsible.
Not exactly on topic but I followed the link here from Skippy's blog. Just wanted to say that I love your posts on the Drug War and Police Tactics and I'm adding you to my blogroll.
Jason, now, really - what would your mom say about such investment strategy? ;)
Anonymous, if you read the prospectus, you'll find that the individuals with complaints pending against them are no longer associated with the fund, and that "There are no charges or allegations of wrongdoing against the Funds, the Advisor or GNI."
Kevin, thanks for the link! I added you to my blogroll too. For more about police tactics, check out The Agitator.
Jill, I really couldn't tell you, but I can tell you what she thinks about creating a world-class education system in Ohio.
seems like a fund containing such buisnesses and industries is bound to never go down if run properly
Ben, you're probably right. I've heard that those sectors are less vulnerable to recession than the rest of the economy.
I enjoy a good martini and an occasional cigar and look at my dividend check from VICEX as a cash back bonus. Seriously, for the ROI that vice gets, 1.9% load is cheap. I didn't hear anything new out of the NPR interview, always a bunch of killjoys. One of the things Debbie should've asked, is why VICEX isn't invested in the multi billion dollar porn industry. But like Mr. Norton, I've done some research too, and investments like Beate Uhse were terrible last year. Some liberals would tell me that I should die and rot in Hell for making such investments but, since I'm probably going anyways, I'll just bring three frisbee's along to play with Cerberus.
Nice sharing, thanks
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