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

[theoakman]

Is 3% high? Seems high..

For a foreign stock with no ADR, no not really. Most of the stuff they buy, it would cost you more going through a typical American firm. Europac does their trades directly on the foreign stock exchanges.

 

[theoakman]

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.

you couldn't purchase a fraction of the stock Europac does with a DIY brokerage account. And if you were somehow able to, they put big surcharges on stocks from foreign stock exchanges.

 

[bucfish]

I would trust Schiff and europac. He is honest plus has a weekly radio broadcast from his site. They understand the situation better than any other brokerage.

 

[danberkeley]

the point of Schiff's investment strategy is to buy and hold for many years. his strategy is not to make short-term investments.

 

[muh_roads]

Anglo Far East bullion storage is much better than the Perth Mint certificates IMO.
They won't force you to fill out a W-9 if you want to cash out like Europac will.

W-9 = 28% tax for the IRS. AFE will let you do that on your own if you wish to.

As far as foreign investments with Europac...I don't see the problem.

 

[theoakman]

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.

Have you dealt with them? I didn't have that problem. They gave me a list of stocks that they thought were solid and paid out good dividends. I read about the companies myself and did my own research. Some of the picks, I had no interest in. Others I had a lot.

 

[durden0]

I was poking around europacific a bit looking for some kinda performance data on some of their picks but I really wasn't able to find anything. I've heard Peter talk about how the bears have done really well in the past few years overseas, does anyone have any kinda numbers to compare with thing's like vanguard (https://personal.vanguard.com/us/funds) or other US investment brokerages?

 

[danberkeley]

I was poking around europacific a bit looking for some kinda performance data on some of their picks but I really wasn't able to find anything. I've heard Peter talk about how the bears have done really well in the past few years overseas, does anyone have any kinda numbers to compare with thing's like vanguard (https://personal.vanguard.com/us/funds) or other US investment brokerages?

his main investments are gold and oil. look at how they have done.

 

[BuddyRey]

I opened an account with Europac yesterday. My sales rep. is suggesting canadian energy funds which pay a nice dividend each year. I questioned the fact I had to provide a social security number for the IRS to track what I am doing.

I still don't understand what business the feds have in my dealings outside of the country. I should just take a vacation to Panama and open up a bank account there. Panama won't give any information out to anyone, and their economy is skyrocketing.