Peter Schiff, is europac.net a good place to invest?

[tsetsefly]

I was thinking of going to Peter Schiff's investment company europac.net but wanted some advice from anyone who might have an account there.

Are they good?
Customer service?
Have you made money with them?

etc.

thanks

 

[Kingfisher]

Dont really know about the company, but I think Peter Schiff is trustworthy.

 

[danberkeley]

i suggest you watch all his youtube videos, read his book, and scour his website for
information. after that, you'll have a better idea of who he is and his company. btw, im
waiting for my Certificates of Deposit to expire so i can open an account with him.

 

[RonPaul_SantaMonica]

what are his commissions?

 

[AceNZ]

what are his commissions?

I haven't traded with them myself, but I remember hearing that Europac is a full-service brokerage, with commissions on the order of 3%.

While I largely agree with Schiff's analysis, one thing I don't like about Europac is that they want to try to make your investment decisions for you. They have a big list of recommended stocks, but they won't tell you what they are -- they pick-and-choose according to some hidden criteria. That by itself makes me nervous with them.

 

[davver]

I haven't traded with them myself, but I remember hearing that Europac is a full-service brokerage, with commissions on the order of 3%.

While I largely agree with Schiff's analysis, one thing I don't like about Europac is that they want to try to make your investment decisions for you. They have a big list of recommended stocks, but they won't tell you what they are -- they pick-and-choose according to some hidden criteria. That by itself makes me nervous with them.

That wasn't my experience. They provided all the data I asked for.

To the point they charge 3.25% on purchase and 1.75% on sale. If your investment hasn't made money the sales commission is only $35. If you are switching investments rather then going to cash the charge is only 1%.

So its a good brokerage to use for an investment horizon of five years. You don't want to be trading all the time. That isn't thier investment philosophy anyway.

I found that they provided me with a lot of good research. It can be hard to find details about overseas stocks as an American, and harder to trade it on my own. I think it is worth looking into.

 

[knappz]

Bump

There's gotta be more people with insight into europac

 

[tsetsefly]

That wasn't my experience. They provided all the data I asked for.

To the point they charge 3.25% on purchase and 1.75% on sale. If your investment hasn't made money the sales commission is only $35. If you are switching investments rather then going to cash the charge is only 1%.

So its a good brokerage to use for an investment horizon of five years. You don't want to be trading all the time. That isn't thier investment philosophy anyway.

I found that they provided me with a lot of good research. It can be hard to find details about overseas stocks as an American, and harder to trade it on my own. I think it is worth looking into.

you can buy forreign currencies and gold/silver through them right?

 

[AceNZ]

you can buy forreign currencies and gold/silver through them right?

Yes. I know they're big on the Perth Mint certificates for gold.

 

[davver]

you can buy forreign currencies and gold/silver through them right?

Yes. They run the Perth Mint program. You can purchase gold that is stored at the Perth Mint in Australia.

If your going to go with currencies I recommend everbank.com

If your going to purchase foreign stocks then europac is good. They specialize in foreign stocks that pay high dividends. Canadian Oil Trusts, Australian Miners, Chinese Utility companies, etc.

 

[RJM]

Peter Schiff President of Euro Pacific Capital Inc (on FOX this morning)

Peter Schiff President of Euro Pacific Capital Inc (on FOX this morning)

--------------------------------------------------------------------------------

http://www.ronpaul2008.com/press-rel...tial-campaign/

Peter Schiff Named Economic Advisor to the Ron Paul 2008 Presidential Campaign
January 25, 2008 4:44 pm EST

ARLINGTON, VIRGINIA – Newly appointed Ron Paul economic advisor, Peter Schiff, issued the following statement about Dr. Paul’s proposed comprehensive economic revitalization plan:

“We need a plan that stimulates savings and production not more of the reckless borrowing and consumption that got us into this mess in the first place. Ron Paul’s plan is the only one that amounts to a step in the right direction. If you want meaningful change - for the better that is - Ron Paul is the only candidate capable of delivering it. The others merely promise to continue the failed policies that are at the root of our current economic problems.”

Peter Schiff is president of Euro Pacific Capital Inc, and a frequent guest on CNBC, Fox News, and Bloomberg Television. He is often quoted in major financial publications and is the author of the book Crash Proof.

In the past Peter Schiff said the following of Dr. Paul: “Ron Paul is the real deal, a true statesmen and citizen politician in the traditions envisioned by the framers of our Republic.”

Mr. Schiff is available for interviews regarding Congressman Paul’s economic policies.

Congressman Paul’s comprehensive economic revitalization plan can be found online at: www.RonPaul2008.com/Prosperity

 

[Exarel]

Is 3% high? Seems high..

 

[Exarel]

Is 3% good? It seems like a lot...

 

[misa]

Is 3% good? It seems like a lot...

3% is huge if you compare it to the DIY brokerage accounts for $10/trade. For a $10,000 investment, it's $300 in fees. But with Europac its more like picking their brain for investment advice, and I think that's mostly what you're paying for.

 

[Cowlesy]

3% is a high fee.

If you're looking to lock in capital for longer term purchases, it may be okay. I think you can buy Rogers International Commodities TRKRS (Total Return Asset Contracts) through them. This is Jim Rogers product that tracks his Rogers International Commodity Index Fund ("RICI").

 

[kyleAF]

Is there a minimum investment amount?

Is there a recommended minimum amount from any of you... what's the minimum amount that it would be worth investing through this firm??

I wish I started this a while ago... but better now than later.

 

[Cowlesy]

Is there a minimum investment amount?

Is there a recommended minimum amount from any of you... what's the minimum amount that it would be worth investing through this firm??

I wish I started this a while ago... but better now than later.

They don't have a minimum account, but I'd suggest a minimum of $2k and a pledge to yourself to contribute something each month -- maybe 15%-20% of NET take-home earnings.

 

[Deborah K]

Yes. They run the Perth Mint program. You can purchase gold that is stored at the Perth Mint in Australia.

If your going to go with currencies I recommend everbank.com

If your going to purchase foreign stocks then europac is good. They specialize in foreign stocks that pay high dividends. Canadian Oil Trusts, Australian Miners, Chinese Utility companies, etc.

Thanks for the info, been wanting to invest in foreign currency. I talked to someone named Lou Kasowitz at Europac. Seemed nice enough but doesn't believe that there is a plan to merge North American countries or use a common currency. It surprised me to hear that considering Peter Schiff is his boss.

 

[Cap'n Crunk]

any other information out there from people that have used their services?

 

[OptionsTrader]

Thanks for the info, been wanting to invest in foreign currency.

There are retail methods of trading currencies. There are ETFs that track the forex market and trade like stocks.

FXA Australian Dollar
FXB British Pound Sterling
FXC Canadian Dollar
FXE Euro
FXY Japanese Yen
FXM Mexican Peso
FXS Swedish Krona
FXF Swiss Franc