A strong market can create a new problem. A single stock or ETF grows to represent a large portion of your net worth. Now you face a difficult tradeoff: diversify and trigger a large tax bill, or hold the position and accept concentrated risk.In this episode, Tyler Emrick, CFP®, CFA®, walks through practical strategies for managing concentrated stock positions in a tax-efficient way.You will learn:How a Section 351 exchange into an ETF can provide diversification while deferring capital gainsHow tax-aware long-short strategies can help create ongoing tax offsets while gradually reducing a concentrated positionWhen Net Unrealized Appreciation may apply to company stock inside a 401kHow donor-advised funds and charitable planning can reduce capital gains on appreciated sharesHave questions?Need help making sure your investments and retirement plan are on track? Click to schedule a free 20-minute call with one of True Wealth's CFP® Professionals.http://bit.ly/calltruewealth Our website:  https://www.truewealthdesign.com/ Phone: 855.TWD.PLANContact our team: https://www.truewealthdesign.com/contact-a-financial-advisor/ Check out our other no-cost financial resources here: https://www.truewealthdesign.com/financial-resources/ Watch the show now on YouTube: https://www.youtube.com/channel/UCjENBHOti-IEJFqeydZm_Fg?sub_confirmation=1