Here it is. The news you’ve been waiting for. Wondering if having that glass of wine or liquor after work or with dinner is healthy for you? Fortunately for you, scientists at UC Irvine have found that drinking alcohol is better than exercise for living a long life into the 90s.
Over 1,600 participants were involved in the study, with ages ranging from 90 to 99. Researchers found that those who drank two glasses of alcohol or wine a day reduced the chance of an early death by 18%.
So what’s an investor to do in order to have a healthy and long-lived portfolio? Many investors look to stocks of companies involve in the production and sale of alcoholic beverages.
Constellation Brands Inc (STZ), founded in 1945, is a California based company with such brands as Robert Mondavi, Clos du Bois, Ravenswood, Black Velvet, and Canadian Whiskey. The stock trades at 22.9 times forward earnings and pays a dividend of slightly less than one percent.
Diageo (DEO), founded in 1997, is based in the UK. It’s brands include Blossom Hill, Sterling Vineyards, Beaulieu Vineyard, Navarro Correas, Acacia Vineyard, Rosenblum Cellars, Piat d’Or, Chalone Vineyard, and Santa Rita. The stock has a forward price to earnings ratio of 18.9 and offers a generous yield of 2.6%.
For a list of other wine and liquor stocks, go HERE.
By the way, if you are in your nineties and want to participate in the study, contact 949.768.3635 or study90@uci.edu for more information.