TY - JOUR T1 - Five Approaches to Diversify Low-Basis Holdings JF - The Journal of Wealth Management SP - 24 LP - 32 DO - 10.3905/jwm.2000.320334 VL - 3 IS - 3 AU - Leslie Kiefer Y1 - 2000/10/31 UR - https://pm-research.com/content/3/3/24.abstract N2 - This article discusses remedies to low-basis stock concentration. While diversification is strongly supported in theory in a tax-exempt context, it can be costly for taxable individuals. The author focuses on five possible diversification strategies: borrowing against the stock and reinvesting the proceeds in a diversified portfolio; hedging; costless (or cashless) collars, put-spread collars, and variable-share forward sales. She both describes their attributes and analyzes costs and benefits. ER -