Winnipeg, Manitoba (PRWEB) September 30, 2012
"Sin stocks" is an unofficial classification that investors use to describe companies that sell products related to "social vices". And SinStocksReport.com is a new site exclusively dedicated to reporting on these types of stocks.
SinStocksReport.com was recently founded to collect and curate information about sin stocks and to educate new and seasoned investors about sin stocks: Sin stocks are stocks in companies that sell products or services that are highly regulated and sometimes taboo – typically tobacco products, alcoholic beverages, gambling entertainment, and other products or services that are sometimes considered vices.
"There is a lot of information about sin stocks on the web, and most investors are familiar with the sin stock concept," said Aaron Hoos, a finance writer who founded SinStocksReport, "but that information available to help investors make trading decisions is scattered around many different websites. With SinStocksReport.com, that information is brought together and presented to investors so they could trust one source of information."
Sin stocks are not for every investor: These companies grow and sell tobacco products (like cigarettes, cigars, and pipe tobacco); they make and sell alcoholic beverages (like beer, wine, and spirits); they offer gambling-related entertainment (like casinos or online sports betting companies). There are other types of sin stocks, too that some investors might be surprised at or even find a little shocking.
In spite of their social taboo and the vices associated with them, sin stocks remain popular among investors. Some investors even argue that these stocks are "recession-proof" because people buy products and services from these companies regardless of the state of the economy.
Having just launched officially last month, SinStocksReport.com covers all of the news and viewpoints about sin stocks in a semi-weekly blog format. "We're new and we're still finding our stride," said Aaron Hoos. "We're also expanding and we think investors will like the format and the fresh reporting style."
SinStocksReport.com covers specific sin stocks and the companies behind them, and it covers industries and the economy as they relate to sin stocks. For investors who want to do their due diligence on sin stocks, SinStocksReport.com should be part of the research. For investors who want to trade in sin stocks, SinStocksReport.com regularly examines different sin stocks to provide investors with potential stock pick ideas.
In spite of its almost cheeky approach to sin stocks, Aaron Hoos is adamant about two things: "SinStocksReport.com is an investment site and doesn't endorse the use or abuse of the products or services these companies offer." And, "sin stocks are just like every other investment out there: Potentially risky. Investors must always do their due diligence before making any buying or selling decision. We want to make SinStocksReport.com part of the investor's due diligence process."