RT Journal Article SR Electronic T1 Five Approaches to Diversify Low-Basis Holdings JF The Journal of Wealth Management FD Institutional Investor Journals SP 24 OP 32 DO 10.3905/jwm.2000.320334 VO 3 IS 3 A1 Leslie Kiefer YR 2000 UL https://pm-research.com/content/3/3/24.abstract 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.