1 rich Libsyn https://www.libsyn.com 90 600 In this episode Derek Moore discusses situations where investors might own a concentrated position in one stock or more with low cost basis. These present difficulties as selling would incur tax consequences however owning non-diversified positions pose significant single stock downside risk. Key&amp;nbsp; Takeaways: • What is a concentrated stock position? • What are the risks of single stock holdings versus diversified portfolios? • Tax consequences of trying to diversify low cost basis positions. • Explaining options to hedge the downside and build protection on individual positions. • Ways to hedge portfolios using beta weighting to design downside protection. • How avoided losses or hedging profits can bee reinvested at lower levels • How hedging profits can enable investors to diversify into other strategies. &amp;nbsp; Mentioned&amp;nbsp; in&amp;nbsp; this&amp;nbsp; Episode: &amp;nbsp; Broken Pie Chart Book by Derek Moore https://amzn.to/2COXRAS &amp;nbsp; Podcast on How Diversification Can Fail When You Need It Most https://razorwealth.com/does-diversification-alone-reduce-systematic-stock-market-risk/ &amp;nbsp; &amp;nbsp; Podcast on hedging for protection https://razorwealth.com/why-investors-need-a-protective-hedged-equity-strategy/ Broken Pie Chart http://www.razorwealth.com <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/8670512/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/8670512