Rebalancing My Palladium IRA - What's the Play Here?

Donna Rogers

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💠 Palladium IRA

Rebalancing My Palladium IRA - What's the Play Here?

donna_rogers🏆Advanced (250-500k)

about 8 hours ago

Key Takeaways

•Got into it a few years back when the auto industry was really humming and it felt like a no-brainer with catalytic converters.
•My accountant keeps nudging me about not having too many eggs in one basket, and while I love a good legacy hold, I also know when to take profits.
•I’m based out of Lexington, KY, and in the bourbon industry, so I appreciate a commodity with a solid story and a long future.

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Alright, so I’ve been sitting on a pretty healthy chunk of palladium in my IRA for a while now – probably close to 20% of my overall 401k/IRA portfolio, which is pushing $400k now. Got into it a few years back when the auto industry was really humming and it felt like a no-brainer with catalytic converters. It’s done well, don't get me wrong, but I’m looking at the charts and the general economic tea leaves, and I’m starting to wonder if it's time to rebalance. Thinking of pulling some of those gains and diversifying back into some gold and silver, maybe a bit more real estate (not physical, mind you, but REITs or something similar).

My accountant keeps nudging me about not having too many eggs in one basket, and while I love a good legacy hold, I also know when to take profits. I’m based out of Lexington, KY, and in the bourbon industry, so I appreciate a commodity with a solid story and a long future. Palladium definitely had that, but the story feels like it's shifting a bit with EVs gaining traction. What are other folks in similar positions doing? Are you holding onto palladium, or are you scaling back? Gold feels like such a classic safe haven right now.

I’m also starting to think ahead to future distributions. I'm nowhere near retirement yet, but my old man just hit RMD age and it's a headache he didn't quite plan for. I actually bookmarked that RMD Calculator at Gold IRA Blueprint to mess around with his numbers, and it got me thinking about my own long-term strategy for these precious metals. Are any of you using the calculator to project your future RMDs and how that impacts your rebalancing decisions now? Would love to hear some thought processes on this, especially from those of you who've been through a few market cycles with physical assets in your IRA.

5 comments

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Best Answer▲ 10 upvotes

diane_bailey💰Established (100-250k)

Man, I feel this. My precious metals advisor was hot on palladium for a minute there too. Ended up with a decent chunk of it in my IRA, nowhere near 20% like you, but enough to make me sweat a little when it dipped. I actually started slowly rebalancing into some silver and a bit more gold last year. Figured I'd diversify within the metals space. What are you leaning towards?

Comments (5)

diane_bailey💰Established (100-250k)Real Investor•less than a minute ago

gary_stewart📊Growing (50-100k)•less than a minute ago

Hey, interesting situation! So you're saying the $400k is the *entire* 401k/IRA portfolio, not just the palladium part? Just want to make sure I'm understanding the scale here.

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

20% in palladium feels a bit spicy for an IRA, even with the run it had. I get the auto industry angle, but that's a pretty concentrated bet, especially when you're talking about a retirement account. Most of the advice I've seen leans towards a more diversified precious metals allocation if you're going that route, rather than putting so many eggs in one metal's basket.

michael_anderson🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey, that's a decent chunk of palladium to be sitting on! Since you're looking to rebalance, one thing to consider is the potential for a "cash out" rebalance if you're not planning on immediately reinvesting in other precious metals. That way, you avoid some of the fees associated with converting one metal to another. Might be worth looking into your custodian's specific policies on that. Good luck!

william_davis💎Premium (500k-1m)Real Investor•less than a minute ago

Yeah, I totally agree with you here. Rebalancing is huge, especially when one asset class has blown up like that. I actually had a similar situation with silver a few years back. It just kept climbing and climbing and suddenly it was like 25% of my precious metals allocation. Ended up trimming it back to a more reasonable 10% and diversified into some platinum and gold. No regrets there, definitely helped smooth things out when silver corrected a bit.

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