Monday, January 26, 2009

Peter Schiff's Clients Down In 2008

Remember Peter Schiff? How he called the market collapse? If you don't, here is the link to his video that was spotlighted last fall.

Well, it appears that while he seemingly called that correctly, he has not been as good at making money on the call.

From Clusterstock: Peter Schiff's Clients Down In 2008:
".... several clients who claim losses of 40%-70% after investing with EuroPacificCapital. How could this be? Hasn't Schiff been bearish during a horrible year for US equities? Yes, but that negative on US equaties was just a part of his overall strategy"

Which yet again shows how difficult it is to beat the market on a risk adjusted basis.

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