I have a concentrated position in a single (blue chip) company that’s run up far, far beyond its cost basis. The dividends are nice, but the risk not. My assumption has always been that the only way out was to bite the bullet, start selling some of it off, and eat the taxes. But given the state I live in, they would be significant. Recently, I came across an ad for an “exchange fund” (Glidepath) on this site. Hadn’t heard of these before. I believe I get the basic idea - pooling to de-risk, lock
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