I currently own the following gold/silver etf's that hold physical metal and miner stocks in the accounts as noted-
iau - physical gold - Roth
sil -silver mining stocks - Roth
iau - physical gold - Traditional IRA
sivr- physical silver - Traditional IRA
I am thinking that it will be better to have something with an expected higher long term return (stock fund) instead of gold/silver to take advantage of the tax free Roth. With that in mind, I am planning to sell iau and sil and buy a stock fund in the Roth account. To maintain, the same allocation to gold/silver, I will than purchase gold/silver in a taxable account.
In the traditional IRA, I am thinking to sell iau and sivr and purchase a bond fund after reading a traditional IRA is a good location from asset location standpoint. I would also purchase an equivalent amount of gold/silver in a taxable account to maintain current allocation levels.
If both or either of the above moves makes sense, I am planning to buy gold and silver miners in the taxable account to take advantage of the capital gain rate vs collectible rate if I purchase an etf that holds physical gold and silver. I have read that you can get similar diversification effects from holding a smaller amount of gold/silver miners as they tend to move to a greater degree than the physical metals. If this is the case, I may not purchase as much of the miners in the taxable account that I previously held in my Roth/Traditional IRA accounts. Wanted to run this plan by the group to see is I am on the right track and if there is more to consider. Thank you!
iau - physical gold - Roth
sil -silver mining stocks - Roth
iau - physical gold - Traditional IRA
sivr- physical silver - Traditional IRA
I am thinking that it will be better to have something with an expected higher long term return (stock fund) instead of gold/silver to take advantage of the tax free Roth. With that in mind, I am planning to sell iau and sil and buy a stock fund in the Roth account. To maintain, the same allocation to gold/silver, I will than purchase gold/silver in a taxable account.
In the traditional IRA, I am thinking to sell iau and sivr and purchase a bond fund after reading a traditional IRA is a good location from asset location standpoint. I would also purchase an equivalent amount of gold/silver in a taxable account to maintain current allocation levels.
If both or either of the above moves makes sense, I am planning to buy gold and silver miners in the taxable account to take advantage of the capital gain rate vs collectible rate if I purchase an etf that holds physical gold and silver. I have read that you can get similar diversification effects from holding a smaller amount of gold/silver miners as they tend to move to a greater degree than the physical metals. If this is the case, I may not purchase as much of the miners in the taxable account that I previously held in my Roth/Traditional IRA accounts. Wanted to run this plan by the group to see is I am on the right track and if there is more to consider. Thank you!
Statistics: Posted by adamsdp — Sun Sep 01, 2024 12:06 pm — Replies 0 — Views 107