Palladium in my IRA? Teacher trying to diversify
- •Okay, so I’m just dipping my toes into the whole precious metals IRA thing.
- •I finally got my rollover sorted from an old 403(b) – nothing huge, just around $25k to start, but it feels like a big step for me.
- •I'm a teacher here in Columbus, so every bit counts, and I'm really trying to make smart long-term moves.
Okay, so I’m just dipping my toes into the whole precious metals IRA thing. I finally got my rollover sorted from an old 403(b) – nothing huge, just around $25k to start, but it feels like a big step for me. I'm a teacher here in Columbus, so every bit counts, and I'm really trying to make smart long-term moves.
I've been looking at gold and silver, obviously, but palladium keeps popping up in my research. I know it's had this crazy run-up and then a pretty significant drop, which is making me wonder if now's the time to consider it. Part of me thinks it could be a bargain, but the other part is terrified of catching a falling knife. My initial thought was to go maybe 70% gold, 20% silver, and then… what about the remaining 10%? Is palladium too volatile for a beginner like me with a relatively small portfolio?
I’m just trying to figure out if it's worth allocating anything to palladium in my IRA or if I should just stick to the more established gold/silver split for now. I'm not a day trader, I'm thinking long-term here, like 20+ years until retirement. Anyone have experience with palladium in their IRA, especially if you started with a similar portfolio size? Did it pan out for you, or do you regret it?
Thanks in advance for any insights!