PT - JOURNAL ARTICLE AU - Leslie Kiefer TI - Five Approaches to Diversify Low-Basis Holdings AID - 10.3905/jwm.2000.320334 DP - 2000 Oct 31 TA - The Journal of Wealth Management PG - 24--32 VI - 3 IP - 3 4099 - https://pm-research.com/content/3/3/24.short 4100 - https://pm-research.com/content/3/3/24.full AB - 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.