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    Thinking about rebalancing my Platinum IRA – good idea or

    R
    Key Takeaways
    • Okay, so I've been DCAing into my Platinum IRA for about three years now.
    • Started with a lump sum of about $20k back then, and I've been adding $500-ish a month ever since.
    • My current total is sitting around $55k, which I'm pretty stoked about, especially with the inflation we've seen.
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    Okay, so I've been DCAing into my Platinum IRA for about three years now. Started with a lump sum of about $20k back then, and I've been adding $500-ish a month ever since. I'm a government employee here in Albuquerque, so I've got my pension growing, but I really want to beef up my retirement nest egg with something a bit more tangible. My current total is sitting around $55k, which I'm pretty stoked about, especially with the inflation we've seen. My initial goal was really a hedge against all that, and I feel like it's done its job.

    The thing is, about 15% of my portfolio is in platinum, and it’s done okay, but nothing like what gold's been doing. I've been watching platinum prices and while they haven't tanked, they also haven't exactly soared like some of the other precious metals. I'm wondering if this is a good time to rebalance. I was thinking of maybe pulling out some of the platinum and moving it into silver or even beefing up my gold holdings. I'm not looking for short-term gains, this is definitely a long-haul play to supplement my pension down the road. I've got at least another 15 years before I even think about tapping into this.

    Anyone else in a similar boat with their platinum holdings? Has anyone done a significant rebalance in their precious metals IRA after a few years? What was your experience? I'm debating whether to just hold tight and see if platinum catches up, or if I should be a bit more proactive. Any thoughts, positive or negative, would be appreciated!

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    12 comments

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    Best Answer▲ 13 upvotes
    P
    paul_hill🏆Advanced (250-500k)
    Appreciate you taking the time to share this. Lots to think about for my own portfolio.

    Comments (12)

    2
    michael_anderson🏆Advanced (250-500k)Real Investorabout 2 months ago

    Hey, I hear you on wanting to beef up that retirement nest egg, especially with that pension already giving you a solid base. But you mentioned a Platinum IRA – are you sure that's what you have? Most folks looking into precious metals IRAs are usually talking about Gold or Silver IRAs. Platinum is definitely a precious metal, but it's not as common in these types of retirement accounts, and sometimes the rules or availability can be a bit different. Just want to make sure you're looking at the right options for rebalancing!

    2
    matthew_murphy👑Elite (1m-5m)Real Investorabout 2 months ago

    Sounds like you've got a solid plan with the DCA! When it comes to rebalancing, a lot depends on your specific goals and risk tolerance. Have you considered using a free tool like Portfolio Visualizer?

    You can plug in your current allocations and even simulate different rebalancing strategies over historical data. It can give you a good visual on how different approaches might have performed. Might help you decide if it's the right move for your Platinum IRA.

    10
    karen_robinson💼Starter (0-50k)about 2 months ago

    Interesting, I haven't heard much about Platinum IRAs before. What kind of returns have you seen on it over the last three years compared to, say, a more traditional Gold IRA?

    1
    frank_rivera💎Premium (500k-1m)Real Investorabout 2 months ago

    Totally get where you're coming from! I actually had a similar thought with my silver holdings a while back. Took a chunk of profits and diversified into some rare coins instead of just bullion. No regrets so far, it's been interesting to see the different movements.

    Platinum's a whole different beast though, so definitely interested to see what others recommend for rebalancing strategies!

    13
    paul_hill🏆Advanced (250-500k)Real Investor✓ Verifiedabout 2 months ago

    Appreciate you taking the time to share this. Lots to think about for my own portfolio.

    10
    mark_adams👑Elite (1m-5m)Real Investorabout 2 months ago

    Appreciate you taking the time to share this. Lots to think about for my own portfolio.

    11
    margaret_chen🏆Advanced (250-500k)Real Investorabout 2 months ago

    Thanks for sharing your experience. It's so helpful to hear from real investors.

    1
    catherine_bell🏆Advanced (250-500k)Real Investorabout 2 months ago

    Really valuable perspective. I'll definitely keep this in mind as I make my decisions.

    6
    steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verifiedabout 2 months ago

    I've been following this topic closely and really appreciate the insights here.

    6
    robert_thompson💰Established (100-250k)Real Investor✓ Verifiedabout 2 months ago

    This is exactly the kind of discussion I was looking for. Very informative!

    10
    michelle_collins🏆Advanced (250-500k)Real Investorabout 2 months ago

    This is exactly the kind of discussion I was looking for. Very informative!

    7
    janet_cook📊Growing (50-100k)about 2 months ago

    Appreciate you taking the time to share this. Lots to think about for my own portfolio.

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