A couple of months ago, I featured the introduction of the "Vice Mutual Fund" (symbol VICEX) which contrary to "social awareness funds" invests solely in stocks that engage in alcohol, gambling, defense (war) and tobacco. The fund managers believe that these areas of investing will outperform others in coming years. Top holdings include Anheuser-Busch, Phillip Morris, Harrah's and Northrup Grumman.
I have now been made aware of a fund that is the actual antithesis of the Vice Fund , called the Noah Fund (symbol NOAHX) . As a matter of fundamental policy, it may not invest in securities of businesses engaged, directly or through subsidiaries, in the alcoholic beverage, tobacco, pornographic and gambling industries or in companies in the business of aborting life before birth. It has as its focus picking companies that are not in general conflict with the Christian philosophy. Top holdings for "Noah" include Wal-Mart, Lowes, Cisco, Dell and Microsoft.
I find the idea of a competition between these two funds an interesting and worthwhile study! Does "good" triumph over "vice"? Does the cynical outlook on the human condition pay off as an investment? For many investors, the real answer lies in the bottom line! Here is the comparison for both funds since the inception of the Vice Fund in mid September 2002....
The Noah Fund has increased in value by about +7%
The Vice Fund has decreased in value by about -7%
On this Thanksgiving Day, I hope that this performance can give us all the hope that indeed... Good does triumph over Evil!
NOW MORE THAN EVER, REMEMBER AND COMMIT TO STRATEGY, PATIENCE, & DISCIPLINE!
Receive Free Email Alerts Each Week
Email your request
The financial markets are risky. Investing is risky. Past performance does not guarantee future performance. This document is prepared solely for informational purposes and is not a solicitation, or an offer to buy or sell any security. Opinions are based on historical research and data believed reliable, but there is no guarantee that future results will be profitable.
The Lussenheide Investment Warrior Report does not advocate trading futures or options. Any mention of commodity futures contracts or options contracts and/or prices in this publication is for illustrative purposes only. This is not an endorsement or recommendation of any commodity futures market nor in margin trading. This is not an endorsement or recommendation of any option market. The risk of loss when trading futures and options is substantial. You can lose more than your original investment.
Any information contained in the Lussenheide Investment Warrior Report and any trading signals from Bill Lussenheide may contain statements that are the opinion of the author. The information and opinions contained in the market letter and signals are believed to be correct, however the information is not warranteed or guaranteed in any way. The subscriber may use the information provided at his or her own risk. No representation is being made that the information will produce trading profits. In no event shall Bill Lussenheide or his family , be held liable for any special, incidental, or consequential damages, whatsoever (including: without limitation, trading losses or any other losses incurred) arising from the use or inability to use the information contained in his publications, or from delays or failures in the electronic delivery of the publications.