@article {Welch37, author = {Scott Welch}, title = {Comparing Financial and Charitable Techniques for Disposing of Low Basis Stock}, volume = {4}, number = {4}, pages = {37--46}, year = {2002}, doi = {10.3905/jwm.2002.320424}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Despite the market turmoil over the past twelve months, and corresponding dramatic fall in the price of most stocks, concentrated, low basis stock positions continue to constitute a significant percentage of the net worth of many investors and families. The author starts with the observation that holding a concentrated stock position is a risky proposition. However, once the decision has been made to reduce the concentration in a single stock, the next decision relates to the selection of the most appropriate strategy to implement the decision. The author observes that the correct strategy is rarely an {\textquotedblleft}all or nothing{\textquotedblright} approach, but rather a combination of the various techniques available. These different techniques can be broadly categorized into {\textquotedblleft}financial{\textquotedblright} or {\textquotedblleft}charitable{\textquotedblright} strategies. The article summarizes several of the more popular ones, and develops a template for determining the appropriate strategy for a given investor situation.}, issn = {1534-7524}, URL = {https://jwm.pm-research.com/content/4/4/37}, eprint = {https://jwm.pm-research.com/content/4/4/37.full.pdf}, journal = {The Journal of Wealth Management} }