RICK - The Most 'Unethical' Dividend Portfolio Ever: Paying Your Bills With The Vices Of Humankind

2025-03-24 19:09:13 ET

Summary

• Human vices like alcohol, tobacco, and sex persist; companies in these industries remain profitable and offer attractive dividends despite societal disapproval.
• The tobacco industry is in slow decline but still profitable; British American Tobacco, Altria, and Philip Morris offer high dividends and are transitioning to less harmful products.
• Alcohol consumption remains high despite narratives of decline; Brown-Forman and Constellation Brands are undervalued with strong fundamentals and dividends.

The ethical dilemma in investing

We live in a society where it is increasingly important to classify the morality of behavior, take positions toward certain issues, and defend one's ideals. These factors consequently flood other aspects of everyday life such as how we invest.

In the past, investment theses were based on the following questions mainly: How much money does this company make? Is it worth it at the current price?

Today others have been added: Is the way this company makes money ethical? Is it decreasing its carbon footprint? How many women are there in executive positions?...

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