5 years in with my Gold IRA - reflections & some questions
- •Hit the 5-year mark with my Gold IRA recently, and thought I'd throw out some thoughts and see what others are experiencing.
- •When I left tech a few years back, the market felt...
- •frothy, to say the least.
Hit the 5-year mark with my Gold IRA recently, and thought I'd throw out some thoughts and see what others are experiencing. When I left tech a few years back, the market felt... frothy, to say the least. Had about $350k kicking around that I wanted to diversify hard out of equities, and after a lot of research (and more than a few calls with different companies), I put about $100k into gold and silver within a self-directed IRA. The whole process setting it up from SF wasn't too bad, just a lot of paperwork and making sure the custodian knew what they were doing.
Honestly, the first couple of years felt pretty flat. I was seeing my old colleagues still talking about their stock options mooning, and I had moments of "did I just park cash in a safe and call it 'investing'?" But then, the last 2-3 years have really started to make that decision feel validated. With inflation jitters and all the geopolitical stuff kicking off, seeing the gold price climb has been a really reassuring feeling. I haven't done a precise CAGR on just the precious metals portion, but rough estimations put me comfortably ahead of where I'd have been with a savings account, and certainly feeling more secure than if that money was still in volatile tech stocks.
My concern now is what the next 5 years look like. I'm still relatively young (mid-40s), so I'm not looking to draw down for a while. Part of me thinks about adding more, especially with some of the recent dips, but another part wonders about rebalancing some of the silver back into gold, or even looking at platinum. Anyone else in a similar boat, looking at their 5+ year returns? What's your strategy for the next leg of this journey?