One of the best ways to find profitable investments is by seeking out companies that have products or services that will always enjoy strong demand regardless of overall economic conditions.
There are a lot of uncertainties in the broader market at this time. Rising interest rates, high oil prices, and trade tensions between the U.S. and China all pose potentially serious threats to the stock market. Investors have enjoyed years of stock gains, and with the market still near record highs everyone wants to stay invested, but there is growing concern of a correction looming in the distance.
Finding companies whose products will remain in demand even if the overall economy slows is a great way to keep your money at work in a strong, but uncertain, market.
Sin stocks include a wide range of stocks. These include tobacco, alcohol, gambling, and even some healthcare and military stocks. While you may not agree with the underlying businesses of these stocks, there is no denying the demand for their goods, and the fact that demand will remain strong regardless of the overall economy.
Sin stock also typically come with nice dividend programs to make them even more attractive. Here are five sin stocks that you can be sure will enjoy steady demand for their products in the years to come.