“If there is a sin against life, it consists perhaps not so much in despairing of life as in hoping for another life and in eluding the implacable grandeur of this life” -- Albert Camus (1913-1960)
Edmonds, WA (PRWEB) October 15, 2010
The Sindicate Investment Group (http://www.the-sindicate.com) is investing in the so-called sin industries on a global scale with excellent results, reports Sindicate chief John Lindley.
Investopedia (http://www.investopedia.com/articles/01/040401.asp) defines a sin stock or vice stock as stock from a company that is associated with or involved in activities considered immoral. There is no universally accepted definition of morality, but some economic sectors are considered sinful:
Gambling - Numerous casinos have multibillion-dollar market capitalizations, and gambling's popularity has soared in recent years with more online options for placing bets.
Alcohol - The profitability of beer, wine and spirits has been capitalized for hundreds of years.
Tobacco - Despite lawsuits and billion-dollar settlements, tobacco companies remain profitable. Although smoking has declined in North America, the rest of the world remains a huge market for tobacco products.
Sex - The sex industry is enormous, and much of it underground, which makes it hard to define precisely, In recent years a number of sex-industry companies have gone public, and many other innocuous industries also benefit from the sale of sex, such as hotels that make handsome sums from pay-per-view movies.
"We're in a really good position right now," says Lindley. "We have equity and money in growth areas."
The Chinese economy is their primary target. "China is experiencing huge growth right now," says Lindley, with an upsurge in luxury consumer spending. "Many of these luxuries are new to them, which increases the interest in purchasing." But the Sindicate is not limited to Asia. They are also investing in gentleman's clubs in the United States and are keeping an eye on the Latin American market.
"I don't think anybody else is doing this," Lindley says in reference to the Sindicate's strategy. "We're seeing about 10% on ROI," Lindley says of the Sindicate's returns. "It ranges between eight and twelve, but it's averaging around ten." This is expected to increase in certain sectors.
"Right now we're at the ground floor. It's a great place to be."