Gold IRA rebalancing question for the long haul
- •Okay, so I've been wrestling with a portfolio decision lately, and wanted to get some hive mind input, especially from those of you with Gold IRAs.
- •My portfolio is sitting in the mid-six figures, probably shy of $1M but not by much, and I’m a big believer in diversification.
- •I’m a doctor up here in Boston, so my income is good, and I’ve been steadily building things out over the years.
Okay, so I've been wrestling with a portfolio decision lately, and wanted to get some hive mind input, especially from those of you with Gold IRAs. My portfolio is sitting in the mid-six figures, probably shy of $1M but not by much, and I’m a big believer in diversification. I’m a doctor up here in Boston, so my income is good, and I’ve been steadily building things out over the years. Part of that strategy has always been a decent allocation to physical gold through my IRA – I started that back in 2018 when things felt a bit shaky, and it's been a great hedge.
My typical allocation for precious metals is around 10-15%. Right now, with gold having a pretty fantastic run these past few months, it's actually crept up to about 18% of my overall portfolio. I know the standard advice is to rebalance when an asset class goes beyond its target, but it feels different with physical gold in an IRA. It’s not like flipping a stock; there are fees involved with selling and potentially buying something else back into the IRA, even if it's just moving funds within the same account. Plus, given the global instability, part of me wants to just let it ride, thinking it could go even higher. My long-term outlook for gold remains strong, but mathematically, I should probably trim it back.
Has anyone else faced this with their Gold IRA? Do you rigidly stick to your rebalancing strategy even with physical assets, or do you give gold a bit more leeway given its role as a hedge and store of value? What are your thoughts on potential fees vs. maintaining your asset allocation targets? I'm torn between being disciplined and listening to that gut feeling that says "don't mess with a good thing." Would love to hear your experiences and approaches!