Rebalancing Platinum IRA - anyone done this mid-bull run?

Dorothy Lopez

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🔲 Platinum IRA

Rebalancing Platinum IRA - anyone done this mid-bull run?

dorothy_lopez💰Established (100-250k)

about 10 hours ago

Key Takeaways

•Okay, so I'm looking at my Platinum IRA and feeling a little antsy.
•I got into platinum a couple of years ago, right when everyone was still freaking out about inflation.
•Pretty much dumped about 15% of my total portfolio, which at the time was around $180k.

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Okay, so I'm looking at my Platinum IRA and feeling a little antsy. I got into platinum a couple of years ago, right when everyone was still freaking out about inflation. Pretty much dumped about 15% of my total portfolio, which at the time was around $180k. So, roughly $27k into platinum.

Fast forward to now, and it's doing really well. Better than I honestly expected. My overall portfolio is closer to $240k now, thanks to some other solid plays, and that platinum allocation has definitely pulled its weight. My issue is, with the run it's had, it's now closer to 18% of my total portfolio. I'm usually pretty strict about rebalancing and keeping everything in its lane, asset allocation-wise.

I've been in the casino industry out here in Vegas for decades, so I'm no stranger to understanding risk and when to take chips off the table. My gut says to trim some of that platinum Exposure, maybe bring it back down to that 12-15% range. But then I look at the market, and there's still so much volatility elsewhere. Platinum seems like a relatively safe haven right now. It feels a bit like trying to call the top of a hot streak at the blackjack table – you know you eventually have to, but it's hard when the cards are falling your way.

Has anyone here rebalanced their precious metals IRA during a significant upward trend? Did you regret it? Or was it the smart move to lock in some gains and reduce concentration risk? What are your thoughts on pulling some cash out of a high-performing asset right now, especially platinum? Just looking for some real-world experiences here.

4 comments

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Best Answer▲ 10 upvotes

catherine_bell🏆Advanced (250-500k)

Dude, I feel you on this one. I actually did something similar with silver a few years back. Not quite as big of a chunk as your platinum, but definitely enough to make me sweat when it started to take off. The temptation to rebalance and lock in some gains is REAL, especially when you're looking at a pretty nice paper profit. It's a tough call!

Comments (4)

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

karen_robinson💼Starter (0-50k)•less than a minute ago

Hey, interesting situation! You mentioned "everyone was still freaking out about inflation" when you got in. Were you specifically looking at platinum as an inflation hedge, or were there other factors that made it attractive at the time?

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

Hey, I hear you wanting to rebalance, especially if platinum's been good to you. But I'm going to offer a slightly different take. Why mess with a good thing if it's still performing? If your initial thesis for investing in platinum still holds true, especially with all the talk about its role in new tech and green energy, you might be selling yourself short by pulling out now just because it's up. Food for thought!

richard_garcia👑Elite (1m-5m)Real Investor•less than a minute ago

Hey, that's a good question and a common dilemma! Given platinum's recent run, it's smart to be thinking about rebalancing. One thing I've found super helpful for understanding different strategies is checking out some of the gold and silver IRA custodian blogs – many of them have great articles on rebalancing precious metals within an IRA, even if they're focused on the "big two." They often break down the tax implications and general best practices. Good luck!

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