Anyone else stressing about timing Palladium buys for their IRA?
- •Okay, so I’ve been looking at adding another chunk to my Palladium IRA, probably thinking around $50k-$75k this quarter.
- •Most of my gold and silver is locked in, but I've been slowly building out the palladium portion over the last couple of years.
- •I know the mantra is "don't try to time the market," especially for retirement accounts where the horizon is so long.
Okay, so I’ve been looking at adding another chunk to my Palladium IRA, probably thinking around $50k-$75k this quarter. Most of my gold and silver is locked in, but I've been slowly building out the palladium portion over the last couple of years. My family's wealth is mostly tied up in timberland back east of Spokane, so I'm not new to long-term asset plays, but the volatility in palladium compared to gold is really getting to me on a day-to-day basis.
I know the mantra is "don't try to time the market," especially for retirement accounts where the horizon is so long. And for gold, I mostly stick to that – just dollar-cost average and don't look back. But with palladium, man, it just feels different. One day it's up 3%, the next it's down 2%, and it makes me second-guess every purchase. I look at the charts and think "did I just buy at the peak?" or "should I have waited for that dip?" It’s honestly causing me some anxiety, which isn't ideal when the goal is preserving generational wealth, not a speculative play.
What are you guys doing for your palladium allocations? Are you just setting a target and buying regardless of daily price swings, or do you have certain indicators you wait for? I’m leaning towards just pulling the trigger on some more soon, maybe splitting the buy over a couple of weeks to average it out a bit. But seriously, this internal debate is exhausting. How do you silence that voice telling you you're making a mistake?