Gold IRA rebalancing: hold or sell some for more stocks?
- •I'm wrestling with a rebalancing decision in my Gold IRA and could really use some collective wisdom here.
- •I'm a real estate agent down in Miami, been slowly but surely building up my retirement nest egg, currently sitting right around the $200k mark.
- •About 60k of that is in my Gold IRA, which has performed pretty well for me over the last few years.
I'm wrestling with a rebalancing decision in my Gold IRA and could really use some collective wisdom here. I'm a real estate agent down in Miami, been slowly but surely building up my retirement nest egg, currently sitting right around the $200k mark. About 60k of that is in my Gold IRA, which has performed pretty well for me over the last few years. The rest is mostly in a pretty diversified mix of stocks and ETFs in my regular SEP IRA and some brokerage accounts.
My original target allocation for gold was around 20-25% of my total portfolio. However, with gold doing its thing and some of the stock market being a bit... erratic lately, my gold position has actually crept up to almost 30% of my total portfolio. I'm sitting here debating whether I should trim some of that gold back to hit my target 20-25% and move the proceeds into stocks, or just let it ride, given the current economic climate.
Part of me feels like sticking to the plan is crucial for long-term discipline. But then the other part of me, especially reading all the news about potential inflation and uncertainty, thinks maybe having a higher allocation to physical gold isn't such a bad thing right now. For reference, I'm still probably 15-20 years out from retirement, so I've got time to recover from any dips. What are your thoughts on rebalancing gold during these times? Are you guys sticking strictly to your percentages, or are you letting your gold allocation ride a bit higher if it's been outperforming?