Fed rate decision and my portfolio - feeling a bit uneasy
- •The Fed's latest rate decision has me feeling a bit antsy, to be honest.
- •I'm sitting on about $750k across various investments, with a significant chunk, probably around $300k now, in physical gold through my IRA.
- •My primary concern with these rate hikes is what they'll do to other asset classes, particularly real estate and the stock market.
The Fed's latest rate decision has me feeling a bit antsy, to be honest. I pulled up my account statements this morning, and while my Gold IRA is holding strong – as it always has – I can't help but wonder about the broader impact on my overall portfolio. I'm sitting on about $750k across various investments, with a significant chunk, probably around $300k now, in physical gold through my IRA. Based here in Philly, I’ve always been about wealth preservation, especially with everything I've seen in my 20+ years practicing law; I prioritize stability over chasing wild gains.
My primary concern with these rate hikes is what they'll do to other asset classes, particularly real estate and the stock market. I’ve diversified a good amount, but a significant downturn elsewhere could still impact my net worth, even with the gold acting as a hedge. I purchased a decent row home in South Philly a few years back, and I’m starting to see a slowdown in new listings and asking prices around here. It feels like the air is slowly coming out of the balloon, and the Fed’s actions are definitely contributing to that.
Initially, I set up my Gold IRA mostly out of a fear of inflation eroding my savings, a fear that has only grown recently. And while gold has done exactly what I wanted it to do in that regard, I'm now thinking about the next layer of protection. I've seen a few posts on here about silver as a more accessible industrial precious metal, and I'm curious if anyone with a similar portfolio size or investment philosophy has considered moving some of their gold profits into silver? Is it a worthwhile diversification move, or just adding more of the same?
What are others doing with their strategies in light of these continuous rate hikes? Are you rebalancing, or just holding tight? I’m particularly interested in hearing from anyone who's primarily focused on preservation and has a similar outlook. Is anyone else in a similar boat, feeling that subtle pressure across their investments even as their precious metals perform as expected?