Euro-pac's latest Product

[Mega]

Hi Gang
As many of you know i am a client of Peter Schiff company. While back when the shares crashed i didn't panic,....i bought!

One of the company was Sing-a-poor Petro-ium......good buy i thought, so did China. This month Euro-pac rang and told be that China was doing a buy out & my best course of action was to sell..........seeing how i made a packet i wasn't too unhappy.

Anyway i got this cash coimg in + Div from other stocks etc sitting in my a/c..........was thinking about Peter's latest idea:-

http://www.ephasiafunds.com/

Now i think Peter is great, he is to me was Crusty the clown is to Bart simpson. However i thought i just check with you guys to see what you think?
Cheers
Mike

[hayekvindicated]

Re: Euro-pac's latest Product

How I can short it, inclusive of management fees? Looks like it puts 2/20 hedge hogginess to shame.




Shareholder Fees

(fees paid directly from your investment)

Maximum sales charge (load) imposed on purchases	4.50%
Maximum deferred sales charge (load)	None
Redemption fee (as a percentage of amount redeemed)	2.00%1

Annual Fund Operating Expenses

(expenses that are deducted from your Fund assets each year as a percentage of the value of your investment)

Management fee	1.15%
Distribution (Rule 12b-1) Fee	0.25%
Other expenses2	0.50%
Total annual fund operating expenses2,3	1.90%
Expense waiver/reimbursement2,3	(0.15%)
Net operating expenses	1.75%

James Simons charges something like 44 percent of gains as fees. But given his record and his rate of return, I'd accept it in a nanosecond. Unfortunately, the best managers are always taken and his fund is closed (I also don't have the kind of dough to interest a hedge fund like his).

Schiff is simply not that good. And I don't think he will even manage this fund. The manager may be worse.

[hayekvindicated]

Re: Euro-pac's latest Product

Mike,

On a net basis, to-date, are you up or down on your Euro Pac investments? If you are up, what sort of returns have you had on them?

As with everything, my basic rule is: dont put all the eggs in the same basket. Ergo, I think you should carefully check the fund's charges (in my experience Euro Pac tends to charge waaaay too much brokerage fees) and then decide if you want to invest.

Good luck and keep us posted!

HV

[metalman]

Re: Euro-pac's latest Product

Hi Gang
As many of you know i am a client of Peter Schiff company. While back when the shares crashed i didn't panic,....i bought!

One of the company was Sing-a-poor Petro-ium......good buy i thought, so did China. This month Euro-pac rang and told be that China was doing a buy out & my best course of action was to sell..........seeing how i made a packet i wasn't too unhappy.

Anyway i got this cash coimg in + Div from other stocks etc sitting in my a/c..........was thinking about Peter's latest idea:-

http://www.ephasiafunds.com/

Now i think Peter is great, he is to me was Crusty the clown is to Bart simpson. However i thought i just check with you guys to see what you think?
Cheers
Mike

don't forget rule #1 in the investor's 'how to make money rulebook'.

rule #1... don't lose money.

have you ever lost money with crusty?

[jk]

Re: Euro-pac's latest Product

high operating fees, front end load, back end load and no track record. what's not to like?

[ST]

Re: Euro-pac's latest Product

http://www.ephasiafunds.com/

How I can short it, inclusive of management fees? Looks like it puts 2/20 hedge hogginess to shame.




Shareholder Fees

(fees paid directly from your investment)

Maximum sales charge (load) imposed on purchases	4.50%
Maximum deferred sales charge (load)	None
Redemption fee (as a percentage of amount redeemed)	2.00%1

Annual Fund Operating Expenses

(expenses that are deducted from your Fund assets each year as a percentage of the value of your investment)

Management fee	1.15%
Distribution (Rule 12b-1) Fee	0.25%
Other expenses2	0.50%
Total annual fund operating expenses2,3	1.90%
Expense waiver/reimbursement2,3	(0.15%)
Net operating expenses	1.75%

[metalman]

Re: Euro-pac's latest Product

high operating fees, front end load, back end load and no track record. what's not to like?

love the videos his pr firm... who is also his bro... puts out. and the press coverage is awesome...

Peter Schiff's Clients Got Hosed This Year, Too

Sure his on-air sparring makes for some great TV. And his pointed criticism of the stimulus plan is spot on, especially at a time when people believe the answer to our pile of debt is to spend like crazy. But that doesn't mean Peter Schiff has been an amazing steward of his clients' cash.

wups! wrong link.

[SamAdams]

Re: Euro-pac's latest Product

Are there any good alternative mutual funds with a similar investment thesis? I.E. large cap Chinese/Asian firms that pay good dividends and are not FIRE? That's at least what I understood the Europac product to be focused on.

[flintlock]

Re: Euro-pac's latest Product

love the videos his pr firm... who is also his bro... puts out. and the press coverage is awesome...


wups! wrong link.

Perhaps this is why he's running for Senate. A few years like last and he won't have an investment firm left.

[jk]

Re: Euro-pac's latest Product

Are there any good alternative mutual funds with a similar investment thesis? I.E. large cap Chinese/Asian firms that pay good dividends and are not FIRE? That's at least what I understood the Europac product to be focused on.

check out matthews and guinness-atkinson funds. i haven't looked at them in detail lately, but iirc they might do. there are also etf's.

[pianodoctor]

Re: Euro-pac's latest Product

Hi Gang
As many of you know i am a client of Peter Schiff company. While back when the shares crashed i didn't panic,....i bought!

One of the company was Sing-a-poor Petro-ium......good buy i thought, so did China. This month Euro-pac rang and told be that China was doing a buy out & my best course of action was to sell..........seeing how i made a packet i wasn't too unhappy.

Anyway i got this cash coimg in + Div from other stocks etc sitting in my a/c..........was thinking about Peter's latest idea:-

http://www.ephasiafunds.com/

Now i think Peter is great, he is to me was Crusty the clown is to Bart simpson. However i thought i just check with you guys to see what you think?
Cheers
Mike

Schiff was certainly right predicting the collapse. But let's review his record as to what would happen after the collapse. Schiff (paraphrased): 1. The US economy would collapse, the rest of the world will be OK. Wrong 2. China will be a safe haven because they will decouple. Wrong. 3. China will be a safe haven because the dollar will collapse relative to the Yuan. Wrong. 4. US hyperinflation. Wrong.

In fact decoupling of economies looks a long way off, if it is to occur. (How long are you happy to wait on that? A decade or more? Because I'm thinking it's going to take that long.) The Yuan is pegged to the dollar. Decoupling of stock markets- no evidence that is occurring. Asset bubbles are occurring for all the wrong (and unsustainable) reasons, not fundamentals. China's government is lying like crazy about economic statistics and it looks more like a dangerous place to invest than a safe haven. High US inflation will probably yet come, but not hyperinflation due to reasons laid out by E.J.

If I had profits from a Singapore Petroleum sale I would probably invest either in gold, short term US Treasuries, MERKX, cash reserves, or just wait for a while and see what happens to markets over the next couple quarters. If I was determined to speculate, I would buy the market on a coming dip, short on highs (like now).