Ponytail palm is not a palm tree, but a succulent. Succulents are often placed in homes as a visual and/or functional balance to their fengshui. However, if your knowledge of succulents is limited, you will be surprised to note a rare group of succulents, some with unusual features. When succulents lose water, they can become more difficult to support. Their rooting system also becomes less strong than other succulents. Therefore, anchor stones are necessary to help hold the roots in place. You should ensure that the container is big enough to hold the plant, and not allow water to escape.