General

Re: Euro Pacific

Shawn77 — Sun, 20 Dec 2009 04:09:44 GMT

my brother opened an account with europacific he started out by buying $5000 in gold and it was some time before he invested any additional money. You may want to speak with some one from his firm. You may find you can get started for less than $10000

Re: Euro Pacific

JAlanKatz — Sun, 20 Dec 2009 01:46:58 GMT

I think the question depends in part on your goals for your account. If you want something with a high degree of relative safety (i.e. safe unless the US collapses - which it will) then Europac is probably a bad idea. If you will need to money soon, I'd stay away. My Europac account is a very long-term investment, something I believe will pay off in the very long term, but on a week to week basis performance varies widely.

By the way, some might wish to look into his foreign policy ideas.

Re: Euro Pacific

hamilton — Fri, 18 Dec 2009 10:37:40 GMT

Demosthenes,

Going through exactly the same thing myself!! My view is probably twisted too finding Peter such a fascinating chap. So I have been nervous to invest.

The more I read about the market and Peter's advice with a lot of account holders, the more I think that whatever he recommends, if the timings off its off and that's it! It doesn't appear he has great timing on his picks from a lot of the posts I read either. A couple of his latest I've been given are way up already (prior to him recommending) and that always makes me nervous.

When you couple in the last 6 months, when just about anyone has seen paper rises in the major stock markets, it gets even harder to make a decision as to whether they are a good choice.

Fees are apparently around 3% which is a lot compared to the likes of TD Waterhouse (international) if you are picking your own. What I guess your paying for is his team's stock picks.

Being a great economist who sees most of the angles, doesn't necessarily translate through to a great stock picker and those who talk about him being a buy and hold long term advocate may have a good point, but when he talks so much about conservative high yielding stocks being his forte, it's a little hard to then accept stock falls of 50%+ which I read many have endured. Penny, off the planet high riskers are not after all, what we are meant to be buying into here with Europac!!

Re: Euro Pacific

Caley McKibbin — Thu, 10 Dec 2009 21:23:45 GMT

Marko:

I`m fairly sure it`s because he can`t diversify less than a certain amount properly. So it would be invested in an unbalanced way and it could reflect badly on him.

That and every broker has a minimum that depends on the amount of work he is willing to do for a given fee. He doesn't want to be making peanuts on a trade.

Re: Euro Pacific

demosthenes — Thu, 10 Dec 2009 08:03:48 GMT

Yeah, I was listening about that on Lew Rockwell's podcast the other day.

I'm not a strictly stocks guy, or strictly anything really. I've only recently decided to start investing, and used half of my savings to invest in physical silver. I looking to use the rest of my savings to invest in cash-flow vehicles. Dividends and real-estate are the only two that jump out at me, with real-estate being the much more daunting vehicle.

Re: Euro Pacific

Marko — Thu, 10 Dec 2009 07:49:55 GMT

auctionguy10:

I don't see how this discredits anything schiff has said. I forget why but there was a reason he could only accept at least $10,000- he was complaining about some government regulation or something like that on freedom watch with judge napolitano.

I`m fairly sure it`s because he can`t diversify less than a certain amount properly. So it would be invested in an unbalanced way and it could reflect badly on him.

demosthenes:

Any non-Schiff/Rogers stuff you can recommend?

I`m told Goyette`s The Dollar Meltdown has plenty on investment. Not sure if there is any stuff on stocks though.

Re: Euro Pacific

Caley McKibbin — Thu, 10 Dec 2009 05:07:42 GMT

Have you noticed the close connection between Rogers and Schiff? They both have the same outlook. Europac beats most other houses just by not being Keynesian like they are, but the real question is whether stocks per se are a good place to be at the moment.

Re: Euro Pacific

demosthenes — Wed, 09 Dec 2009 01:15:52 GMT

So I take it that you recommend A Bull In China?

Any non-Schiff/Rogers stuff you can recommend?

Re: Euro Pacific

bearing01 — Wed, 09 Dec 2009 01:01:03 GMT

If you're nervous about investing in stocks, don't. Whatever cash you invest in stocks you should be willing to either keep it locked in for 5 years (if the mkt goes down, waiting for it to recover) or be willing to take at least a 25% loss if the market does take a turn for the worst.

Buy some books by Jim rogers. Understand what you're investing in. Take responsibility for your own investment decisions. When you buy a handful of stocks you have the opportunity to make even better gains than if you bought a mutual fund. Mutual fund managers have to make money or their fund performs bad and they loose money. Therefore, those managers have to chase the market. You on the other hand can hunt and buy when others are selling.

Re: Euro Pacific

demosthenes — Wed, 09 Dec 2009 00:18:54 GMT

I'm actually pretty close to the mandatory minimum they demand, but I damn sure don't feel comfortable throwing that much at one firm. This is great though, my decision on this matter has been made for me.

Re: Euro Pacific

auctionguy10 — Wed, 09 Dec 2009 00:14:42 GMT

demosthenes:

Damn, well I guess that gives me at least a few more months to make a decision. You think that that's something they'd make a little more obvious on the webpage. I guess this discredits anything Schiff has ever said. :(

I don't see how this discredits anything schiff has said. I forget why but there was a reason he could only accept at least $10,000- he was complaining about some government regulation or something like that on freedom watch with judge napolitano.

Re: Euro Pacific

Telpeurion — Tue, 08 Dec 2009 23:59:40 GMT

demosthenes:

Damn, well I guess that gives me at least a few more months to make a decision. You think that that's something they'd make a little more obvious on the webpage. I guess this discredits anything Schiff has ever said. :(

You can do as others have suggested here, make investments on your own. It sounds a bit scary doesn't it? I personally have nothing to recommend, no time or money for investing. My total savings is at 44 dollars, 8 months of unemployment will do that to you! Haha.

Re: Euro Pacific

demosthenes — Tue, 08 Dec 2009 23:29:04 GMT

Damn, well I guess that gives me at least a few more months to make a decision. You think that that's something they'd make a little more obvious on the webpage. I guess this discredits anything Schiff has ever said. :(

Re: Euro Pacific

Telpeurion — Tue, 08 Dec 2009 23:18:11 GMT

demosthenes:

I'm interested in joining Euro Pac because of the claim that you can invest in foreign stocks a lot cheaper. I plan on choosing the stocks myself, partly based on what he says and partly based on what others say. I'm asking about the superiority of his brokerage in terms of buying my own stocks, not investing in a mutual fund. Does that makes sense?

EuroPacific requires a minimum investment of 10,000 dollars, keep that in mind.

Re: Euro Pacific

demosthenes — Tue, 08 Dec 2009 22:15:22 GMT

I'm interested in joining Euro Pac because of the claim that you can invest in foreign stocks a lot cheaper. I plan on choosing the stocks myself, partly based on what he says and partly based on what others say. I'm asking about the superiority of his brokerage in terms of buying my own stocks, not investing in a mutual fund. Does that makes sense?