id	sid	tid	token	lemma	pos
fsr-3397	1	1	improving	improve	VERB
fsr-3397	1	2	long	long	ADJ
fsr-3397	1	3	-	-	PUNCT
fsr-3397	1	4	term	term	NOUN
fsr-3397	1	5	portfolio	portfolio	NOUN
fsr-3397	1	6	risk	risk	NOUN
fsr-3397	1	7	and	and	CCONJ
fsr-3397	1	8	return	return	VERB
fsr-3397	1	9	by	by	ADP
fsr-3397	1	10	using	use	VERB
fsr-3397	1	11	appreciated	appreciated	ADJ
fsr-3397	1	12	stocks	stock	NOUN
fsr-3397	1	13	for	for	ADP
fsr-3397	1	14	charitable	charitable	ADJ
fsr-3397	1	15	donations	donation	NOUN
fsr-3397	1	16	jeff	jeff	PROPN
fsr-3397	1	17	whitwortha	whitwortha	PROPN
fsr-3397	1	18	,	,	PUNCT
fsr-3397	1	19	*	*	PUNCT
fsr-3397	1	20	acollege	acollege	NOUN
fsr-3397	1	21	of	of	ADP
fsr-3397	1	22	business	business	NOUN
fsr-3397	1	23	,	,	PUNCT
fsr-3397	1	24	university	university	PROPN
fsr-3397	1	25	of	of	ADP
fsr-3397	1	26	houston	houston	PROPN
fsr-3397	1	27	-	-	PUNCT
fsr-3397	1	28	clear	clear	PROPN
fsr-3397	1	29	lake	lake	NOUN
fsr-3397	1	30	,	,	PUNCT
fsr-3397	1	31	2700	2700	NUM
fsr-3397	1	32	bay	bay	NOUN
fsr-3397	1	33	area	area	PROPN
fsr-3397	1	34	boulevard	boulevard	PROPN
fsr-3397	1	35	,	,	PUNCT
fsr-3397	1	36	houston	houston	PROPN
fsr-3397	1	37	,	,	PUNCT
fsr-3397	1	38	tx	tx	PROPN
fsr-3397	1	39	77058	77058	NUM
fsr-3397	1	40	,	,	PUNCT
fsr-3397	1	41	usa	usa	PROPN
fsr-3397	1	42	abstract	abstract	ADJ
fsr-3397	1	43	stock	stock	NOUN
fsr-3397	1	44	investors	investor	NOUN
fsr-3397	1	45	who	who	PRON
fsr-3397	1	46	are	be	AUX
fsr-3397	1	47	charitable	charitable	ADJ
fsr-3397	1	48	donors	donor	NOUN
fsr-3397	1	49	can	can	AUX
fsr-3397	1	50	minimize	minimize	VERB
fsr-3397	1	51	capital	capital	NOUN
fsr-3397	1	52	gains	gain	NOUN
fsr-3397	1	53	taxes	taxis	NOUN
fsr-3397	1	54	and	and	CCONJ
fsr-3397	1	55	improve	improve	VERB
fsr-3397	1	56	portfolio	portfolio	NOUN
fsr-3397	1	57	diversification	diversification	NOUN
fsr-3397	1	58	by	by	ADP
fsr-3397	1	59	donating	donate	VERB
fsr-3397	1	60	their	their	PRON
fsr-3397	1	61	most	most	ADV
fsr-3397	1	62	appreciated	appreciated	ADJ
fsr-3397	1	63	shares	share	NOUN
fsr-3397	1	64	instead	instead	ADV
fsr-3397	1	65	of	of	ADP
fsr-3397	1	66	cash	cash	NOUN
fsr-3397	1	67	,	,	PUNCT
fsr-3397	1	68	and	and	CCONJ
fsr-3397	1	69	then	then	ADV
fsr-3397	1	70	investing	invest	VERB
fsr-3397	1	71	the	the	DET
fsr-3397	1	72	freed	free	VERB
fsr-3397	1	73	-	-	PUNCT
fsr-3397	1	74	up	up	ADP
fsr-3397	1	75	cash	cash	NOUN
fsr-3397	1	76	in	in	ADP
fsr-3397	1	77	the	the	DET
fsr-3397	1	78	portfolio	portfolio	NOUN
fsr-3397	1	79	’s	’s	PART
fsr-3397	1	80	least	least	ADV
fsr-3397	1	81	-	-	PUNCT
fsr-3397	1	82	weighted	weight	VERB
fsr-3397	1	83	stocks	stock	NOUN
fsr-3397	1	84	.	.	PUNCT
fsr-3397	2	1	the	the	DET
fsr-3397	2	2	charity	charity	NOUN
fsr-3397	2	3	is	be	AUX
fsr-3397	2	4	indifferent	indifferent	ADJ
fsr-3397	2	5	to	to	ADP
fsr-3397	2	6	the	the	DET
fsr-3397	2	7	donation	donation	NOUN
fsr-3397	2	8	method	method	NOUN
fsr-3397	2	9	,	,	PUNCT
fsr-3397	2	10	and	and	CCONJ
fsr-3397	2	11	the	the	DET
fsr-3397	2	12	investor	investor	NOUN
fsr-3397	2	13	receives	receive	VERB
fsr-3397	2	14	the	the	DET
fsr-3397	2	15	same	same	ADJ
fsr-3397	2	16	charitable	charitable	ADJ
fsr-3397	2	17	deduction	deduction	NOUN
fsr-3397	2	18	.	.	PUNCT
fsr-3397	3	1	monte	monte	PROPN
fsr-3397	3	2	carlo	carlo	PROPN
fsr-3397	3	3	simulations	simulation	NOUN
fsr-3397	3	4	show	show	VERB
fsr-3397	3	5	that	that	SCONJ
fsr-3397	3	6	a	a	DET
fsr-3397	3	7	donor	donor	NOUN
fsr-3397	3	8	-	-	PUNCT
fsr-3397	3	9	investor	investor	NOUN
fsr-3397	3	10	using	use	VERB
fsr-3397	3	11	this	this	DET
fsr-3397	3	12	method	method	NOUN
fsr-3397	3	13	enjoys	enjoy	VERB
fsr-3397	3	14	substantially	substantially	ADV
fsr-3397	3	15	higher	high	ADJ
fsr-3397	3	16	wealth	wealth	NOUN
fsr-3397	3	17	and	and	CCONJ
fsr-3397	3	18	lower	low	ADJ
fsr-3397	3	19	portfolio	portfolio	NOUN
fsr-3397	3	20	risk	risk	NOUN
fsr-3397	3	21	,	,	PUNCT
fsr-3397	3	22	particularly	particularly	ADV
fsr-3397	3	23	over	over	ADP
fsr-3397	3	24	longer	long	ADJ
fsr-3397	3	25	time	time	NOUN
fsr-3397	3	26	horizons	horizon	NOUN
fsr-3397	3	27	.	.	PUNCT
fsr-3397	4	1	this	this	DET
fsr-3397	4	2	strategy	strategy	NOUN
fsr-3397	4	3	can	can	AUX
fsr-3397	4	4	be	be	AUX
fsr-3397	4	5	integrated	integrate	VERB
fsr-3397	4	6	with	with	ADP
fsr-3397	4	7	tax	tax	NOUN
fsr-3397	4	8	loss	loss	NOUN
fsr-3397	4	9	selling	selling	NOUN
fsr-3397	4	10	and	and	CCONJ
fsr-3397	4	11	some	some	DET
fsr-3397	4	12	limited	limited	ADJ
fsr-3397	4	13	gain	gain	NOUN
fsr-3397	4	14	harvesting	harvesting	NOUN
fsr-3397	4	15	to	to	PART
fsr-3397	4	16	further	far	ADV
fsr-3397	4	17	increase	increase	VERB
fsr-3397	4	18	after	after	ADP
fsr-3397	4	19	-	-	PUNCT
fsr-3397	4	20	tax	tax	NOUN
fsr-3397	4	21	returns	return	NOUN
fsr-3397	4	22	and	and	CCONJ
fsr-3397	4	23	reduce	reduce	VERB
fsr-3397	4	24	risk	risk	NOUN
fsr-3397	4	25	.	.	PUNCT
fsr-3397	5	1	©	©	PROPN
fsr-3397	5	2	2018	2018	NUM
fsr-3397	5	3	academy	academy	NOUN
fsr-3397	5	4	of	of	ADP
fsr-3397	5	5	financial	financial	ADJ
fsr-3397	5	6	services	service	NOUN
fsr-3397	5	7	.	.	PUNCT
fsr-3397	6	1	all	all	DET
fsr-3397	6	2	rights	right	NOUN
fsr-3397	6	3	reserved	reserve	VERB
fsr-3397	6	4	.	.	PUNCT
fsr-3397	7	1	jel	jel	PROPN
fsr-3397	7	2	classifications	classification	NOUN
fsr-3397	7	3	:	:	PUNCT
fsr-3397	7	4	g11	g11	NOUN
fsr-3397	7	5	;	;	PUNCT
fsr-3397	7	6	h24	h24	PROPN
fsr-3397	7	7	keywords	keyword	NOUN
fsr-3397	7	8	:	:	PUNCT
fsr-3397	7	9	stock	stock	NOUN
fsr-3397	7	10	donation	donation	NOUN
fsr-3397	7	11	;	;	PUNCT
fsr-3397	7	12	capital	capital	NOUN
fsr-3397	7	13	gains	gain	NOUN
fsr-3397	7	14	;	;	PUNCT
fsr-3397	7	15	tax	tax	NOUN
fsr-3397	7	16	-	-	PUNCT
fsr-3397	7	17	efficient	efficient	ADJ
fsr-3397	7	18	investing	investing	NOUN
fsr-3397	7	19	;	;	PUNCT
fsr-3397	7	20	diversification	diversification	NOUN
fsr-3397	7	21	return	return	NOUN
fsr-3397	7	22	;	;	PUNCT
fsr-3397	7	23	portfolio	portfolio	NOUN
fsr-3397	7	24	risk	risk	NOUN
fsr-3397	7	25	1	1	NUM
fsr-3397	7	26	.	.	PUNCT
fsr-3397	8	1	introduction	introduction	NOUN
fsr-3397	8	2	it	it	PRON
fsr-3397	8	3	has	have	AUX
fsr-3397	8	4	long	long	ADV
fsr-3397	8	5	been	be	AUX
fsr-3397	8	6	recognized	recognize	VERB
fsr-3397	8	7	that	that	SCONJ
fsr-3397	8	8	investors	investor	NOUN
fsr-3397	8	9	can	can	AUX
fsr-3397	8	10	minimize	minimize	VERB
fsr-3397	8	11	their	their	PRON
fsr-3397	8	12	tax	tax	NOUN
fsr-3397	8	13	liabilities	liability	NOUN
fsr-3397	8	14	and	and	CCONJ
fsr-3397	8	15	improve	improve	VERB
fsr-3397	8	16	after	after	ADP
fsr-3397	8	17	-	-	PUNCT
fsr-3397	8	18	tax	tax	NOUN
fsr-3397	8	19	returns	return	NOUN
fsr-3397	8	20	by	by	ADP
fsr-3397	8	21	strategically	strategically	ADV
fsr-3397	8	22	holding	hold	VERB
fsr-3397	8	23	and	and	CCONJ
fsr-3397	8	24	selling	sell	VERB
fsr-3397	8	25	different	different	ADJ
fsr-3397	8	26	stocks	stock	NOUN
fsr-3397	8	27	in	in	ADP
fsr-3397	8	28	their	their	PRON
fsr-3397	8	29	portfolios	portfolio	NOUN
fsr-3397	8	30	according	accord	VERB
fsr-3397	8	31	to	to	ADP
fsr-3397	8	32	the	the	DET
fsr-3397	8	33	gains	gain	NOUN
fsr-3397	8	34	and	and	CCONJ
fsr-3397	8	35	losses	loss	NOUN
fsr-3397	8	36	each	each	PRON
fsr-3397	8	37	has	have	AUX
fsr-3397	8	38	accrued	accrue	VERB
fsr-3397	8	39	.	.	PUNCT
fsr-3397	9	1	constantinides	constantinide	VERB
fsr-3397	9	2	(	(	PUNCT
fsr-3397	9	3	1983	1983	NUM
fsr-3397	9	4	)	)	PUNCT
fsr-3397	9	5	shows	show	VERB
fsr-3397	9	6	that	that	SCONJ
fsr-3397	9	7	investors	investor	NOUN
fsr-3397	9	8	can	can	AUX
fsr-3397	9	9	experience	experience	VERB
fsr-3397	9	10	substantial	substantial	ADJ
fsr-3397	9	11	wealth	wealth	NOUN
fsr-3397	9	12	gains	gain	NOUN
fsr-3397	9	13	by	by	ADP
fsr-3397	9	14	selling	sell	VERB
fsr-3397	9	15	stocks	stock	NOUN
fsr-3397	9	16	that	that	PRON
fsr-3397	9	17	have	have	AUX
fsr-3397	9	18	declined	decline	VERB
fsr-3397	9	19	to	to	PART
fsr-3397	9	20	capture	capture	VERB
fsr-3397	9	21	the	the	DET
fsr-3397	9	22	tax	tax	NOUN
fsr-3397	9	23	benefit	benefit	NOUN
fsr-3397	9	24	of	of	ADP
fsr-3397	9	25	the	the	DET
fsr-3397	9	26	capital	capital	NOUN
fsr-3397	9	27	loss	loss	NOUN
fsr-3397	9	28	deduction	deduction	NOUN
fsr-3397	9	29	,	,	PUNCT
fsr-3397	9	30	and	and	CCONJ
fsr-3397	9	31	argues	argue	VERB
fsr-3397	9	32	that	that	SCONJ
fsr-3397	9	33	investors	investor	NOUN
fsr-3397	9	34	should	should	AUX
fsr-3397	9	35	avoid	avoid	VERB
fsr-3397	9	36	selling	sell	VERB
fsr-3397	9	37	winning	win	VERB
fsr-3397	9	38	stocks	stock	NOUN
fsr-3397	9	39	for	for	ADP
fsr-3397	9	40	as	as	ADV
fsr-3397	9	41	long	long	ADV
fsr-3397	9	42	as	as	ADP
fsr-3397	9	43	possible	possible	ADJ
fsr-3397	9	44	to	to	PART
fsr-3397	9	45	delay	delay	VERB
fsr-3397	9	46	the	the	DET
fsr-3397	9	47	payment	payment	NOUN
fsr-3397	9	48	of	of	ADP
fsr-3397	9	49	capital	capital	NOUN
fsr-3397	9	50	gains	gain	NOUN
fsr-3397	9	51	taxes	taxis	NOUN
fsr-3397	9	52	.	.	PUNCT
fsr-3397	10	1	*	*	PUNCT
fsr-3397	10	2	corresponding	correspond	VERB
fsr-3397	10	3	author	author	NOUN
fsr-3397	10	4	.	.	PUNCT
fsr-3397	11	1	tel	tel	PROPN
fsr-3397	11	2	.	.	PUNCT
fsr-3397	11	3	:	:	PUNCT
fsr-3397	12	1	�	�	PROPN
fsr-3397	12	2	1	1	NUM
fsr-3397	12	3	-	-	NUM
fsr-3397	12	4	281	281	NUM
fsr-3397	12	5	-	-	PUNCT
fsr-3397	12	6	283	283	NUM
fsr-3397	12	7	-	-	PUNCT
fsr-3397	12	8	3218	3218	NUM
fsr-3397	12	9	;	;	PUNCT
fsr-3397	12	10	fax	fax	NOUN
fsr-3397	12	11	:	:	PUNCT
fsr-3397	12	12	�	�	PROPN
fsr-3397	12	13	1	1	NUM
fsr-3397	12	14	-	-	NUM
fsr-3397	12	15	281	281	NUM
fsr-3397	12	16	-	-	PUNCT
fsr-3397	12	17	283	283	NUM
fsr-3397	12	18	-	-	SYM
fsr-3397	12	19	3951	3951	NUM
fsr-3397	12	20	.	.	PUNCT
fsr-3397	13	1	e	e	X
fsr-3397	13	2	-	-	NOUN
fsr-3397	13	3	mail	mail	NOUN
fsr-3397	13	4	address	address	NOUN
fsr-3397	13	5	:	:	PUNCT
fsr-3397	13	6	whitworthj@uhcl.edu	whitworthj@uhcl.edu	PROPN
fsr-3397	13	7	financial	financial	ADJ
fsr-3397	13	8	services	service	NOUN
fsr-3397	13	9	review	review	VERB
fsr-3397	13	10	27	27	NUM
fsr-3397	13	11	(	(	PUNCT
fsr-3397	13	12	2018	2018	NUM
fsr-3397	13	13	)	)	PUNCT
fsr-3397	13	14	257	257	NUM
fsr-3397	13	15	-	-	SYM
fsr-3397	13	16	277	277	NUM
fsr-3397	13	17	1057	1057	NUM
fsr-3397	13	18	-	-	SYM
fsr-3397	13	19	0810/18/$	0810/18/$	NUM
fsr-3397	13	20	–	–	PUNCT
fsr-3397	13	21	see	see	VERB
fsr-3397	13	22	front	front	ADJ
fsr-3397	13	23	matter	matter	NOUN
fsr-3397	13	24	©	©	PROPN
fsr-3397	13	25	2018	2018	NUM
fsr-3397	13	26	academy	academy	NOUN
fsr-3397	13	27	of	of	ADP
fsr-3397	13	28	financial	financial	ADJ
fsr-3397	13	29	services	service	NOUN
fsr-3397	13	30	.	.	PUNCT
fsr-3397	14	1	all	all	DET
fsr-3397	14	2	rights	right	NOUN
fsr-3397	14	3	reserved	reserve	VERB
fsr-3397	14	4	.	.	PUNCT
fsr-3397	15	1	while	while	SCONJ
fsr-3397	15	2	the	the	DET
fsr-3397	15	3	tax	tax	NOUN
fsr-3397	15	4	advantage	advantage	NOUN
fsr-3397	15	5	of	of	ADP
fsr-3397	15	6	selling	sell	VERB
fsr-3397	15	7	investments	investment	NOUN
fsr-3397	15	8	that	that	PRON
fsr-3397	15	9	have	have	AUX
fsr-3397	15	10	dropped	drop	VERB
fsr-3397	15	11	is	be	AUX
fsr-3397	15	12	obvious	obvious	ADJ
fsr-3397	15	13	,	,	PUNCT
fsr-3397	15	14	there	there	PRON
fsr-3397	15	15	has	have	AUX
fsr-3397	15	16	been	be	AUX
fsr-3397	15	17	more	more	ADJ
fsr-3397	15	18	debate	debate	NOUN
fsr-3397	15	19	on	on	ADP
fsr-3397	15	20	what	what	PRON
fsr-3397	15	21	to	to	PART
fsr-3397	15	22	do	do	AUX
fsr-3397	15	23	with	with	ADP
fsr-3397	15	24	those	those	PRON
fsr-3397	15	25	that	that	PRON
fsr-3397	15	26	have	have	AUX
fsr-3397	15	27	gone	go	VERB
fsr-3397	15	28	up	up	ADP
fsr-3397	15	29	.	.	PUNCT
fsr-3397	16	1	in	in	ADP
fsr-3397	16	2	a	a	DET
fsr-3397	16	3	follow	follow	NOUN
fsr-3397	16	4	-	-	PUNCT
fsr-3397	16	5	up	up	NOUN
fsr-3397	16	6	to	to	ADP
fsr-3397	16	7	his	his	PRON
fsr-3397	16	8	original	original	ADJ
fsr-3397	16	9	study	study	NOUN
fsr-3397	16	10	,	,	PUNCT
fsr-3397	16	11	constantinides	constantinide	VERB
fsr-3397	16	12	(	(	PUNCT
fsr-3397	16	13	1984	1984	NUM
fsr-3397	16	14	)	)	PUNCT
fsr-3397	16	15	concludes	conclude	VERB
fsr-3397	16	16	that	that	SCONJ
fsr-3397	16	17	when	when	SCONJ
fsr-3397	16	18	the	the	DET
fsr-3397	16	19	tax	tax	NOUN
fsr-3397	16	20	rate	rate	NOUN
fsr-3397	16	21	on	on	ADP
fsr-3397	16	22	long	long	ADJ
fsr-3397	16	23	-	-	PUNCT
fsr-3397	16	24	term	term	NOUN
fsr-3397	16	25	capital	capital	NOUN
fsr-3397	16	26	gains	gain	NOUN
fsr-3397	16	27	is	be	AUX
fsr-3397	16	28	lower	low	ADJ
fsr-3397	16	29	than	than	ADP
fsr-3397	16	30	that	that	PRON
fsr-3397	16	31	on	on	ADP
fsr-3397	16	32	ordinary	ordinary	ADJ
fsr-3397	16	33	income	income	NOUN
fsr-3397	16	34	(	(	PUNCT
fsr-3397	16	35	against	against	ADP
fsr-3397	16	36	which	which	PRON
fsr-3397	16	37	losses	loss	NOUN
fsr-3397	16	38	may	may	AUX
fsr-3397	16	39	be	be	AUX
fsr-3397	16	40	deducted	deduct	VERB
fsr-3397	16	41	)	)	PUNCT
fsr-3397	16	42	,	,	PUNCT
fsr-3397	16	43	investors	investor	NOUN
fsr-3397	16	44	are	be	AUX
fsr-3397	16	45	better	well	ADJ
fsr-3397	16	46	off	off	ADV
fsr-3397	16	47	if	if	SCONJ
fsr-3397	16	48	,	,	PUNCT
fsr-3397	16	49	in	in	ADP
fsr-3397	16	50	addition	addition	NOUN
fsr-3397	16	51	to	to	ADP
fsr-3397	16	52	realizing	realize	VERB
fsr-3397	16	53	losses	loss	NOUN
fsr-3397	16	54	every	every	DET
fsr-3397	16	55	year	year	NOUN
fsr-3397	16	56	,	,	PUNCT
fsr-3397	16	57	they	they	PRON
fsr-3397	16	58	also	also	ADV
fsr-3397	16	59	realize	realize	VERB
fsr-3397	16	60	gains	gain	NOUN
fsr-3397	16	61	in	in	ADP
fsr-3397	16	62	alternating	alternate	VERB
fsr-3397	16	63	years	year	NOUN
fsr-3397	16	64	,	,	PUNCT
fsr-3397	16	65	thereby	thereby	ADV
fsr-3397	16	66	resetting	reset	VERB
fsr-3397	16	67	the	the	DET
fsr-3397	16	68	basis	basis	NOUN
fsr-3397	16	69	on	on	ADP
fsr-3397	16	70	the	the	DET
fsr-3397	16	71	entire	entire	ADJ
fsr-3397	16	72	portfolio	portfolio	NOUN
fsr-3397	16	73	and	and	CCONJ
fsr-3397	16	74	planting	plant	VERB
fsr-3397	16	75	the	the	DET
fsr-3397	16	76	seeds	seed	NOUN
fsr-3397	16	77	for	for	ADP
fsr-3397	16	78	future	future	ADJ
fsr-3397	16	79	capital	capital	NOUN
fsr-3397	16	80	loss	loss	NOUN
fsr-3397	16	81	realizations	realization	NOUN
fsr-3397	16	82	.	.	PUNCT
fsr-3397	17	1	however	however	ADV
fsr-3397	17	2	,	,	PUNCT
fsr-3397	17	3	dammon	dammon	PROPN
fsr-3397	17	4	,	,	PUNCT
fsr-3397	17	5	dunn	dunn	PROPN
fsr-3397	17	6	,	,	PUNCT
fsr-3397	17	7	and	and	CCONJ
fsr-3397	17	8	spatt	spatt	PROPN
fsr-3397	17	9	(	(	PUNCT
fsr-3397	17	10	1989	1989	NUM
fsr-3397	17	11	)	)	PUNCT
fsr-3397	17	12	argue	argue	VERB
fsr-3397	17	13	that	that	SCONJ
fsr-3397	17	14	the	the	DET
fsr-3397	17	15	value	value	NOUN
fsr-3397	17	16	of	of	ADP
fsr-3397	17	17	the	the	DET
fsr-3397	17	18	“	"	PUNCT
fsr-3397	17	19	tax	tax	NOUN
fsr-3397	17	20	option	option	NOUN
fsr-3397	17	21	”	"	PUNCT
fsr-3397	17	22	this	this	PRON
fsr-3397	17	23	creates	create	VERB
fsr-3397	17	24	is	be	AUX
fsr-3397	17	25	highly	highly	ADV
fsr-3397	17	26	dependent	dependent	ADJ
fsr-3397	17	27	on	on	ADP
fsr-3397	17	28	the	the	DET
fsr-3397	17	29	particular	particular	ADJ
fsr-3397	17	30	pattern	pattern	NOUN
fsr-3397	17	31	of	of	ADP
fsr-3397	17	32	realized	realize	VERB
fsr-3397	17	33	stock	stock	NOUN
fsr-3397	17	34	returns	return	NOUN
fsr-3397	17	35	and	and	CCONJ
fsr-3397	17	36	other	other	ADJ
fsr-3397	17	37	factors	factor	NOUN
fsr-3397	17	38	,	,	PUNCT
fsr-3397	17	39	and	and	CCONJ
fsr-3397	17	40	is	be	AUX
fsr-3397	17	41	less	less	ADJ
fsr-3397	17	42	than	than	ADP
fsr-3397	17	43	constantinides	constantinide	NOUN
fsr-3397	17	44	suggests	suggest	NOUN
fsr-3397	17	45	.	.	PUNCT
fsr-3397	18	1	stein	stein	PROPN
fsr-3397	18	2	,	,	PUNCT
fsr-3397	18	3	vadlamudi	vadlamudi	NOUN
fsr-3397	18	4	,	,	PUNCT
fsr-3397	18	5	and	and	CCONJ
fsr-3397	18	6	bouchey	bouchey	PRON
fsr-3397	18	7	(	(	PUNCT
fsr-3397	18	8	2008	2008	NUM
fsr-3397	18	9	)	)	PUNCT
fsr-3397	18	10	note	note	VERB
fsr-3397	18	11	that	that	SCONJ
fsr-3397	18	12	the	the	DET
fsr-3397	18	13	effectiveness	effectiveness	NOUN
fsr-3397	18	14	of	of	ADP
fsr-3397	18	15	gain	gain	NOUN
fsr-3397	18	16	harvesting	harvesting	NOUN
fsr-3397	18	17	depends	depend	VERB
fsr-3397	18	18	on	on	ADP
fsr-3397	18	19	a	a	DET
fsr-3397	18	20	number	number	NOUN
fsr-3397	18	21	of	of	ADP
fsr-3397	18	22	variables	variable	NOUN
fsr-3397	18	23	,	,	PUNCT
fsr-3397	18	24	including	include	VERB
fsr-3397	18	25	the	the	DET
fsr-3397	18	26	difference	difference	NOUN
fsr-3397	18	27	between	between	ADP
fsr-3397	18	28	long	long	ADJ
fsr-3397	18	29	-	-	PUNCT
fsr-3397	18	30	term	term	NOUN
fsr-3397	18	31	and	and	CCONJ
fsr-3397	18	32	short	short	ADJ
fsr-3397	18	33	-	-	PUNCT
fsr-3397	18	34	term	term	NOUN
fsr-3397	18	35	tax	tax	NOUN
fsr-3397	18	36	rates	rate	NOUN
fsr-3397	18	37	,	,	PUNCT
fsr-3397	18	38	the	the	DET
fsr-3397	18	39	size	size	NOUN
fsr-3397	18	40	of	of	ADP
fsr-3397	18	41	the	the	DET
fsr-3397	18	42	accrued	accrue	VERB
fsr-3397	18	43	gain	gain	NOUN
fsr-3397	18	44	,	,	PUNCT
fsr-3397	18	45	the	the	DET
fsr-3397	18	46	investor	investor	NOUN
fsr-3397	18	47	’s	’s	PART
fsr-3397	18	48	time	time	NOUN
fsr-3397	18	49	horizon	horizon	PROPN
fsr-3397	18	50	,	,	PUNCT
fsr-3397	18	51	and	and	CCONJ
fsr-3397	18	52	whether	whether	SCONJ
fsr-3397	18	53	a	a	DET
fsr-3397	18	54	step	step	NOUN
fsr-3397	18	55	-	-	PUNCT
fsr-3397	18	56	up	up	NOUN
fsr-3397	18	57	in	in	ADP
fsr-3397	18	58	basis	basis	NOUN
fsr-3397	18	59	is	be	AUX
fsr-3397	18	60	expected	expect	VERB
fsr-3397	18	61	.	.	PUNCT
fsr-3397	19	1	in	in	ADP
fsr-3397	19	2	a	a	DET
fsr-3397	19	3	study	study	NOUN
fsr-3397	19	4	considering	consider	VERB
fsr-3397	19	5	both	both	CCONJ
fsr-3397	19	6	the	the	DET
fsr-3397	19	7	expected	expect	VERB
fsr-3397	19	8	return	return	NOUN
fsr-3397	19	9	and	and	CCONJ
fsr-3397	19	10	risk	risk	NOUN
fsr-3397	19	11	of	of	ADP
fsr-3397	19	12	several	several	ADJ
fsr-3397	19	13	tax	tax	NOUN
fsr-3397	19	14	-	-	PUNCT
fsr-3397	19	15	efficient	efficient	ADJ
fsr-3397	19	16	investing	investing	NOUN
fsr-3397	19	17	strategies	strategy	NOUN
fsr-3397	19	18	,	,	PUNCT
fsr-3397	19	19	smith	smith	PROPN
fsr-3397	19	20	and	and	CCONJ
fsr-3397	19	21	smith	smith	PROPN
fsr-3397	19	22	(	(	PUNCT
fsr-3397	19	23	2008	2008	NUM
fsr-3397	19	24	)	)	PUNCT
fsr-3397	19	25	note	note	NOUN
fsr-3397	19	26	that	that	SCONJ
fsr-3397	19	27	deferring	defer	VERB
fsr-3397	19	28	capital	capital	NOUN
fsr-3397	19	29	gains	gain	NOUN
fsr-3397	19	30	as	as	ADV
fsr-3397	19	31	long	long	ADV
fsr-3397	19	32	as	as	ADP
fsr-3397	19	33	possible	possible	ADJ
fsr-3397	19	34	has	have	VERB
fsr-3397	19	35	the	the	DET
fsr-3397	19	36	undesirable	undesirable	ADJ
fsr-3397	19	37	effect	effect	NOUN
fsr-3397	19	38	of	of	ADP
fsr-3397	19	39	inhibiting	inhibit	VERB
fsr-3397	19	40	portfolio	portfolio	NOUN
fsr-3397	19	41	rebalancing	rebalancing	NOUN
fsr-3397	19	42	.	.	PUNCT
fsr-3397	20	1	because	because	SCONJ
fsr-3397	20	2	the	the	DET
fsr-3397	20	3	stocks	stock	NOUN
fsr-3397	20	4	with	with	ADP
fsr-3397	20	5	accrued	accrued	ADJ
fsr-3397	20	6	gains	gain	NOUN
fsr-3397	20	7	are	be	AUX
fsr-3397	20	8	not	not	PART
fsr-3397	20	9	sold	sell	VERB
fsr-3397	20	10	,	,	PUNCT
fsr-3397	20	11	they	they	PRON
fsr-3397	20	12	come	come	VERB
fsr-3397	20	13	to	to	PART
fsr-3397	20	14	dominate	dominate	VERB
fsr-3397	20	15	a	a	DET
fsr-3397	20	16	larger	large	ADJ
fsr-3397	20	17	portion	portion	NOUN
fsr-3397	20	18	of	of	ADP
fsr-3397	20	19	the	the	DET
fsr-3397	20	20	portfolio	portfolio	NOUN
fsr-3397	20	21	over	over	ADP
fsr-3397	20	22	time	time	NOUN
fsr-3397	20	23	,	,	PUNCT
fsr-3397	20	24	and	and	CCONJ
fsr-3397	20	25	the	the	DET
fsr-3397	20	26	investor	investor	NOUN
fsr-3397	20	27	’s	’s	PART
fsr-3397	20	28	risk	risk	NOUN
fsr-3397	20	29	increases	increase	NOUN
fsr-3397	20	30	because	because	SCONJ
fsr-3397	20	31	of	of	ADP
fsr-3397	20	32	the	the	DET
fsr-3397	20	33	loss	loss	NOUN
fsr-3397	20	34	of	of	ADP
fsr-3397	20	35	diversification	diversification	NOUN
fsr-3397	20	36	.	.	PUNCT
fsr-3397	21	1	an	an	DET
fsr-3397	21	2	alternative	alternative	ADJ
fsr-3397	21	3	strategy	strategy	NOUN
fsr-3397	21	4	they	they	PRON
fsr-3397	21	5	propose	propose	VERB
fsr-3397	21	6	is	be	AUX
fsr-3397	21	7	to	to	PART
fsr-3397	21	8	realize	realize	VERB
fsr-3397	21	9	all	all	DET
fsr-3397	21	10	losses	loss	NOUN
fsr-3397	21	11	,	,	PUNCT
fsr-3397	21	12	but	but	CCONJ
fsr-3397	21	13	also	also	ADV
fsr-3397	21	14	harvest	harvest	VERB
fsr-3397	21	15	enough	enough	ADJ
fsr-3397	21	16	gains	gain	NOUN
fsr-3397	21	17	to	to	PART
fsr-3397	21	18	offset	offset	VERB
fsr-3397	21	19	any	any	DET
fsr-3397	21	20	losses	loss	NOUN
fsr-3397	21	21	in	in	ADP
fsr-3397	21	22	excess	excess	NOUN
fsr-3397	21	23	of	of	ADP
fsr-3397	21	24	the	the	DET
fsr-3397	21	25	$	$	SYM
fsr-3397	21	26	3,000	3,000	NUM
fsr-3397	21	27	that	that	PRON
fsr-3397	21	28	may	may	AUX
fsr-3397	21	29	be	be	AUX
fsr-3397	21	30	deducted	deduct	VERB
fsr-3397	21	31	against	against	ADP
fsr-3397	21	32	ordinary	ordinary	ADJ
fsr-3397	21	33	income	income	NOUN
fsr-3397	21	34	in	in	ADP
fsr-3397	21	35	a	a	DET
fsr-3397	21	36	given	give	VERB
fsr-3397	21	37	year	year	NOUN
fsr-3397	21	38	.	.	PUNCT
fsr-3397	22	1	the	the	DET
fsr-3397	22	2	funds	fund	NOUN
fsr-3397	22	3	generated	generate	VERB
fsr-3397	22	4	from	from	ADP
fsr-3397	22	5	stock	stock	NOUN
fsr-3397	22	6	sales	sale	NOUN
fsr-3397	22	7	are	be	AUX
fsr-3397	22	8	then	then	ADV
fsr-3397	22	9	used	use	VERB
fsr-3397	22	10	to	to	PART
fsr-3397	22	11	purchase	purchase	VERB
fsr-3397	22	12	more	more	ADJ
fsr-3397	22	13	shares	share	NOUN
fsr-3397	22	14	of	of	ADP
fsr-3397	22	15	the	the	DET
fsr-3397	22	16	stocks	stock	NOUN
fsr-3397	22	17	that	that	PRON
fsr-3397	22	18	make	make	VERB
fsr-3397	22	19	up	up	ADP
fsr-3397	22	20	a	a	DET
fsr-3397	22	21	smaller	small	ADJ
fsr-3397	22	22	part	part	NOUN
fsr-3397	22	23	of	of	ADP
fsr-3397	22	24	the	the	DET
fsr-3397	22	25	portfolio	portfolio	NOUN
fsr-3397	22	26	.	.	PUNCT
fsr-3397	23	1	in	in	ADP
fsr-3397	23	2	a	a	DET
fsr-3397	23	3	long	long	ADJ
fsr-3397	23	4	-	-	PUNCT
fsr-3397	23	5	term	term	NOUN
fsr-3397	23	6	simulation	simulation	NOUN
fsr-3397	23	7	,	,	PUNCT
fsr-3397	23	8	this	this	PRON
fsr-3397	23	9	produces	produce	VERB
fsr-3397	23	10	higher	high	ADJ
fsr-3397	23	11	after	after	ADP
fsr-3397	23	12	-	-	PUNCT
fsr-3397	23	13	tax	tax	NOUN
fsr-3397	23	14	returns	return	NOUN
fsr-3397	23	15	and	and	CCONJ
fsr-3397	23	16	lower	low	ADJ
fsr-3397	23	17	risk	risk	NOUN
fsr-3397	23	18	than	than	ADP
fsr-3397	23	19	any	any	PRON
fsr-3397	23	20	of	of	ADP
fsr-3397	23	21	the	the	DET
fsr-3397	23	22	strategies	strategy	NOUN
fsr-3397	23	23	studied	study	VERB
fsr-3397	23	24	by	by	ADP
fsr-3397	23	25	constantinides	constantinide	NOUN
fsr-3397	23	26	(	(	PUNCT
fsr-3397	23	27	1983	1983	NUM
fsr-3397	23	28	,	,	PUNCT
fsr-3397	23	29	1984	1984	NUM
fsr-3397	23	30	)	)	PUNCT
fsr-3397	23	31	.	.	PUNCT
fsr-3397	24	1	a	a	DET
fsr-3397	24	2	more	more	ADV
fsr-3397	24	3	recent	recent	ADJ
fsr-3397	24	4	paper	paper	NOUN
fsr-3397	24	5	by	by	ADP
fsr-3397	24	6	whitworth	whitworth	PROPN
fsr-3397	24	7	and	and	CCONJ
fsr-3397	24	8	mccormack	mccormack	PROPN
fsr-3397	24	9	(	(	PUNCT
fsr-3397	24	10	2011	2011	NUM
fsr-3397	24	11	)	)	PUNCT
fsr-3397	24	12	suggests	suggest	VERB
fsr-3397	24	13	that	that	SCONJ
fsr-3397	24	14	some	some	DET
fsr-3397	24	15	investors	investor	NOUN
fsr-3397	24	16	can	can	AUX
fsr-3397	24	17	do	do	VERB
fsr-3397	24	18	better	well	ADV
fsr-3397	24	19	still	still	ADV
fsr-3397	24	20	.	.	PUNCT
fsr-3397	25	1	according	accord	VERB
fsr-3397	25	2	to	to	ADP
fsr-3397	25	3	the	the	DET
fsr-3397	25	4	statistics	statistic	NOUN
fsr-3397	25	5	of	of	ADP
fsr-3397	25	6	income	income	NOUN
fsr-3397	25	7	division	division	NOUN
fsr-3397	25	8	of	of	ADP
fsr-3397	25	9	the	the	DET
fsr-3397	25	10	internal	internal	ADJ
fsr-3397	25	11	revenue	revenue	NOUN
fsr-3397	25	12	service	service	NOUN
fsr-3397	25	13	,	,	PUNCT
fsr-3397	25	14	37	37	NUM
fsr-3397	25	15	million	million	NUM
fsr-3397	25	16	individuals	individual	NOUN
fsr-3397	25	17	reported	report	VERB
fsr-3397	25	18	a	a	DET
fsr-3397	25	19	total	total	NOUN
fsr-3397	25	20	of	of	ADP
fsr-3397	25	21	$	$	SYM
fsr-3397	25	22	201	201	NUM
fsr-3397	25	23	billion	billion	NUM
fsr-3397	25	24	in	in	ADP
fsr-3397	25	25	itemized	itemize	VERB
fsr-3397	25	26	charitable	charitable	ADJ
fsr-3397	25	27	deductions	deduction	NOUN
fsr-3397	25	28	for	for	ADP
fsr-3397	25	29	tax	tax	NOUN
fsr-3397	25	30	year	year	NOUN
fsr-3397	25	31	2015	2015	NUM
fsr-3397	25	32	,	,	PUNCT
fsr-3397	25	33	and	and	CCONJ
fsr-3397	25	34	actual	actual	ADJ
fsr-3397	25	35	donations	donation	NOUN
fsr-3397	25	36	are	be	AUX
fsr-3397	25	37	almost	almost	ADV
fsr-3397	25	38	certainly	certainly	ADV
fsr-3397	25	39	higher	high	ADJ
fsr-3397	25	40	because	because	SCONJ
fsr-3397	25	41	many	many	ADJ
fsr-3397	25	42	income	income	NOUN
fsr-3397	25	43	tax	tax	NOUN
fsr-3397	25	44	filers	filer	NOUN
fsr-3397	25	45	claim	claim	VERB
fsr-3397	25	46	the	the	DET
fsr-3397	25	47	standard	standard	ADJ
fsr-3397	25	48	deduction	deduction	NOUN
fsr-3397	25	49	instead	instead	ADV
fsr-3397	25	50	of	of	ADP
fsr-3397	25	51	itemizing	itemize	VERB
fsr-3397	25	52	.	.	PUNCT
fsr-3397	26	1	for	for	ADP
fsr-3397	26	2	stock	stock	NOUN
fsr-3397	26	3	investors	investor	NOUN
fsr-3397	26	4	who	who	PRON
fsr-3397	26	5	are	be	AUX
fsr-3397	26	6	regular	regular	ADJ
fsr-3397	26	7	charitable	charitable	ADJ
fsr-3397	26	8	donors	donor	NOUN
fsr-3397	26	9	,	,	PUNCT
fsr-3397	26	10	the	the	DET
fsr-3397	26	11	tax	tax	NOUN
fsr-3397	26	12	code	code	NOUN
fsr-3397	26	13	provides	provide	VERB
fsr-3397	26	14	a	a	DET
fsr-3397	26	15	way	way	NOUN
fsr-3397	26	16	—	—	PUNCT
fsr-3397	26	17	in	in	ADP
fsr-3397	26	18	addition	addition	NOUN
fsr-3397	26	19	to	to	ADP
fsr-3397	26	20	the	the	DET
fsr-3397	26	21	usual	usual	ADJ
fsr-3397	26	22	charitable	charitable	ADJ
fsr-3397	26	23	deduction	deduction	NOUN
fsr-3397	26	24	—	—	PUNCT
fsr-3397	26	25	to	to	PART
fsr-3397	26	26	pay	pay	VERB
fsr-3397	26	27	even	even	ADV
fsr-3397	26	28	less	less	ADJ
fsr-3397	26	29	in	in	ADP
fsr-3397	26	30	taxes	taxis	NOUN
fsr-3397	26	31	while	while	SCONJ
fsr-3397	26	32	rebalancing	rebalance	VERB
fsr-3397	26	33	their	their	PRON
fsr-3397	26	34	portfolios	portfolio	NOUN
fsr-3397	26	35	,	,	PUNCT
fsr-3397	26	36	simultaneously	simultaneously	ADV
fsr-3397	26	37	increasing	increase	VERB
fsr-3397	26	38	after	after	ADP
fsr-3397	26	39	-	-	PUNCT
fsr-3397	26	40	tax	tax	NOUN
fsr-3397	26	41	return	return	NOUN
fsr-3397	26	42	and	and	CCONJ
fsr-3397	26	43	reducing	reduce	VERB
fsr-3397	26	44	risk	risk	NOUN
fsr-3397	26	45	.	.	PUNCT
fsr-3397	27	1	although	although	SCONJ
fsr-3397	27	2	no	no	DET
fsr-3397	27	3	one	one	NOUN
fsr-3397	27	4	knows	know	VERB
fsr-3397	27	5	beforehand	beforehand	ADV
fsr-3397	27	6	whether	whether	SCONJ
fsr-3397	27	7	a	a	DET
fsr-3397	27	8	purchased	purchase	VERB
fsr-3397	27	9	stock	stock	NOUN
fsr-3397	27	10	will	will	AUX
fsr-3397	27	11	go	go	VERB
fsr-3397	27	12	up	up	ADV
fsr-3397	27	13	or	or	CCONJ
fsr-3397	27	14	down	down	ADV
fsr-3397	27	15	,	,	PUNCT
fsr-3397	27	16	an	an	DET
fsr-3397	27	17	investor	investor	NOUN
fsr-3397	27	18	can	can	AUX
fsr-3397	27	19	dispose	dispose	VERB
fsr-3397	27	20	of	of	ADP
fsr-3397	27	21	it	it	PRON
fsr-3397	27	22	optimally	optimally	ADV
fsr-3397	27	23	after	after	ADP
fsr-3397	27	24	the	the	DET
fsr-3397	27	25	fact	fact	NOUN
fsr-3397	27	26	to	to	PART
fsr-3397	27	27	either	either	CCONJ
fsr-3397	27	28	minimize	minimize	VERB
fsr-3397	27	29	the	the	DET
fsr-3397	27	30	associated	associated	ADJ
fsr-3397	27	31	tax	tax	NOUN
fsr-3397	27	32	liability	liability	NOUN
fsr-3397	27	33	or	or	CCONJ
fsr-3397	27	34	receive	receive	VERB
fsr-3397	27	35	the	the	DET
fsr-3397	27	36	greatest	great	ADJ
fsr-3397	27	37	tax	tax	NOUN
fsr-3397	27	38	benefit	benefit	NOUN
fsr-3397	27	39	.	.	PUNCT
fsr-3397	28	1	if	if	SCONJ
fsr-3397	28	2	the	the	DET
fsr-3397	28	3	stock	stock	NOUN
fsr-3397	28	4	drops	drop	VERB
fsr-3397	28	5	in	in	ADP
fsr-3397	28	6	value	value	NOUN
fsr-3397	28	7	,	,	PUNCT
fsr-3397	28	8	tax	tax	NOUN
fsr-3397	28	9	loss	loss	NOUN
fsr-3397	28	10	selling	selling	NOUN
fsr-3397	28	11	still	still	ADV
fsr-3397	28	12	makes	make	VERB
fsr-3397	28	13	sense	sense	NOUN
fsr-3397	28	14	.	.	PUNCT
fsr-3397	29	1	however	however	ADV
fsr-3397	29	2	,	,	PUNCT
fsr-3397	29	3	if	if	SCONJ
fsr-3397	29	4	the	the	DET
fsr-3397	29	5	stock	stock	NOUN
fsr-3397	29	6	rises	rise	VERB
fsr-3397	29	7	,	,	PUNCT
fsr-3397	29	8	the	the	DET
fsr-3397	29	9	investor	investor	NOUN
fsr-3397	29	10	can	can	AUX
fsr-3397	29	11	use	use	VERB
fsr-3397	29	12	it	it	PRON
fsr-3397	29	13	in	in	ADP
fsr-3397	29	14	lieu	lieu	NOUN
fsr-3397	29	15	of	of	ADP
fsr-3397	29	16	cash	cash	NOUN
fsr-3397	29	17	to	to	PART
fsr-3397	29	18	make	make	VERB
fsr-3397	29	19	the	the	DET
fsr-3397	29	20	originally	originally	ADV
fsr-3397	29	21	planned	plan	VERB
fsr-3397	29	22	donation	donation	NOUN
fsr-3397	29	23	.	.	PUNCT
fsr-3397	30	1	the	the	DET
fsr-3397	30	2	charity	charity	NOUN
fsr-3397	30	3	is	be	AUX
fsr-3397	30	4	indifferent	indifferent	ADJ
fsr-3397	30	5	to	to	ADP
fsr-3397	30	6	the	the	DET
fsr-3397	30	7	method	method	NOUN
fsr-3397	30	8	of	of	ADP
fsr-3397	30	9	donation	donation	NOUN
fsr-3397	30	10	,	,	PUNCT
fsr-3397	30	11	and	and	CCONJ
fsr-3397	30	12	the	the	DET
fsr-3397	30	13	donor	donor	NOUN
fsr-3397	30	14	receives	receive	VERB
fsr-3397	30	15	the	the	DET
fsr-3397	30	16	same	same	ADJ
fsr-3397	30	17	charitable	charitable	ADJ
fsr-3397	30	18	deduction	deduction	NOUN
fsr-3397	30	19	at	at	ADP
fsr-3397	30	20	full	full	ADJ
fsr-3397	30	21	market	market	NOUN
fsr-3397	30	22	value	value	NOUN
fsr-3397	30	23	,	,	PUNCT
fsr-3397	30	24	so	so	ADV
fsr-3397	30	25	long	long	ADV
fsr-3397	30	26	as	as	SCONJ
fsr-3397	30	27	the	the	DET
fsr-3397	30	28	stock	stock	NOUN
fsr-3397	30	29	has	have	AUX
fsr-3397	30	30	been	be	AUX
fsr-3397	30	31	held	hold	VERB
fsr-3397	30	32	for	for	ADP
fsr-3397	30	33	more	more	ADJ
fsr-3397	30	34	than	than	ADP
fsr-3397	30	35	a	a	PRON
fsr-3397	30	36	year	year	NOUN
fsr-3397	30	37	.	.	PUNCT
fsr-3397	31	1	moreover	moreover	ADV
fsr-3397	31	2	,	,	PUNCT
fsr-3397	31	3	because	because	SCONJ
fsr-3397	31	4	the	the	DET
fsr-3397	31	5	investor	investor	NOUN
fsr-3397	31	6	never	never	ADV
fsr-3397	31	7	actually	actually	ADV
fsr-3397	31	8	sells	sell	VERB
fsr-3397	31	9	the	the	DET
fsr-3397	31	10	appreciated	appreciated	ADJ
fsr-3397	31	11	stock	stock	NOUN
fsr-3397	31	12	,	,	PUNCT
fsr-3397	31	13	its	its	PRON
fsr-3397	31	14	accrued	accrue	VERB
fsr-3397	31	15	gain	gain	NOUN
fsr-3397	31	16	is	be	AUX
fsr-3397	31	17	never	never	ADV
fsr-3397	31	18	realized	realize	VERB
fsr-3397	31	19	for	for	ADP
fsr-3397	31	20	tax	tax	NOUN
fsr-3397	31	21	purposes	purpose	NOUN
fsr-3397	31	22	,	,	PUNCT
fsr-3397	31	23	so	so	SCONJ
fsr-3397	31	24	no	no	DET
fsr-3397	31	25	capital	capital	NOUN
fsr-3397	31	26	gains	gain	NOUN
fsr-3397	31	27	taxes	taxis	NOUN
fsr-3397	31	28	are	be	AUX
fsr-3397	31	29	ever	ever	ADV
fsr-3397	31	30	paid	pay	VERB
fsr-3397	31	31	on	on	ADP
fsr-3397	31	32	those	those	DET
fsr-3397	31	33	shares.1	shares.1	NOUN
fsr-3397	31	34	the	the	DET
fsr-3397	31	35	cash	cash	NOUN
fsr-3397	31	36	originally	originally	ADV
fsr-3397	31	37	set	set	VERB
fsr-3397	31	38	aside	aside	ADV
fsr-3397	31	39	for	for	ADP
fsr-3397	31	40	the	the	DET
fsr-3397	31	41	donation	donation	NOUN
fsr-3397	31	42	(	(	PUNCT
fsr-3397	31	43	presumably	presumably	ADV
fsr-3397	31	44	equal	equal	ADJ
fsr-3397	31	45	in	in	ADP
fsr-3397	31	46	value	value	NOUN
fsr-3397	31	47	to	to	ADP
fsr-3397	31	48	the	the	DET
fsr-3397	31	49	appreciated	appreciated	ADJ
fsr-3397	31	50	stock	stock	NOUN
fsr-3397	31	51	)	)	PUNCT
fsr-3397	31	52	is	be	AUX
fsr-3397	31	53	now	now	ADV
fsr-3397	31	54	freed	free	VERB
fsr-3397	31	55	up	up	ADP
fsr-3397	31	56	to	to	PART
fsr-3397	31	57	be	be	AUX
fsr-3397	31	58	invested	invest	VERB
fsr-3397	31	59	in	in	ADP
fsr-3397	31	60	the	the	DET
fsr-3397	31	61	portfolio	portfolio	NOUN
fsr-3397	31	62	,	,	PUNCT
fsr-3397	31	63	and	and	CCONJ
fsr-3397	31	64	the	the	DET
fsr-3397	31	65	tax	tax	NOUN
fsr-3397	31	66	basis	basis	NOUN
fsr-3397	31	67	on	on	ADP
fsr-3397	31	68	any	any	DET
fsr-3397	31	69	newly	newly	ADV
fsr-3397	31	70	purchased	purchase	VERB
fsr-3397	31	71	shares	share	NOUN
fsr-3397	31	72	will	will	AUX
fsr-3397	31	73	be	be	AUX
fsr-3397	31	74	the	the	DET
fsr-3397	31	75	current	current	ADJ
fsr-3397	31	76	market	market	NOUN
fsr-3397	31	77	value	value	NOUN
fsr-3397	31	78	.	.	PUNCT
fsr-3397	32	1	effectively	effectively	ADV
fsr-3397	32	2	,	,	PUNCT
fsr-3397	32	3	then	then	ADV
fsr-3397	32	4	,	,	PUNCT
fsr-3397	32	5	the	the	DET
fsr-3397	32	6	investor	investor	NOUN
fsr-3397	32	7	receives	receive	VERB
fsr-3397	32	8	a	a	DET
fsr-3397	32	9	“	"	PUNCT
fsr-3397	32	10	step	step	NOUN
fsr-3397	32	11	-	-	PUNCT
fsr-3397	32	12	up	up	NOUN
fsr-3397	32	13	in	in	ADP
fsr-3397	32	14	basis	basis	NOUN
fsr-3397	32	15	,	,	PUNCT
fsr-3397	32	16	”	"	PUNCT
fsr-3397	32	17	permanently	permanently	ADV
fsr-3397	32	18	eliminating	eliminate	VERB
fsr-3397	32	19	(	(	PUNCT
fsr-3397	32	20	rather	rather	ADV
fsr-3397	32	21	than	than	ADP
fsr-3397	32	22	merely	merely	ADV
fsr-3397	32	23	deferring	defer	VERB
fsr-3397	32	24	)	)	PUNCT
fsr-3397	32	25	the	the	DET
fsr-3397	32	26	accrued	accrue	VERB
fsr-3397	32	27	capital	capital	NOUN
fsr-3397	32	28	gains	gain	NOUN
fsr-3397	32	29	tax	tax	NOUN
fsr-3397	32	30	liability	liability	NOUN
fsr-3397	32	31	on	on	ADP
fsr-3397	32	32	the	the	DET
fsr-3397	32	33	gifted	gifted	ADJ
fsr-3397	32	34	shares	share	NOUN
fsr-3397	32	35	.	.	PUNCT
fsr-3397	33	1	in	in	ADP
fsr-3397	33	2	choosing	choose	VERB
fsr-3397	33	3	which	which	PRON
fsr-3397	33	4	shares	share	NOUN
fsr-3397	33	5	to	to	PART
fsr-3397	33	6	donate	donate	VERB
fsr-3397	33	7	,	,	PUNCT
fsr-3397	33	8	it	it	PRON
fsr-3397	33	9	is	be	AUX
fsr-3397	33	10	generally	generally	ADV
fsr-3397	33	11	best	good	ADJ
fsr-3397	33	12	to	to	PART
fsr-3397	33	13	begin	begin	VERB
fsr-3397	33	14	with	with	ADP
fsr-3397	33	15	those	those	PRON
fsr-3397	33	16	having	have	VERB
fsr-3397	33	17	the	the	DET
fsr-3397	33	18	largest	large	ADJ
fsr-3397	33	19	percentage	percentage	NOUN
fsr-3397	33	20	gains	gain	NOUN
fsr-3397	33	21	,	,	PUNCT
fsr-3397	33	22	thereby	thereby	ADV
fsr-3397	33	23	freeing	free	VERB
fsr-3397	33	24	the	the	DET
fsr-3397	33	25	investor	investor	NOUN
fsr-3397	33	26	from	from	ADP
fsr-3397	33	27	as	as	ADV
fsr-3397	33	28	much	much	ADJ
fsr-3397	33	29	capital	capital	NOUN
fsr-3397	33	30	gains	gain	NOUN
fsr-3397	33	31	tax	tax	NOUN
fsr-3397	33	32	liability	liability	NOUN
fsr-3397	33	33	258	258	NUM
fsr-3397	33	34	j.	j.	PROPN
fsr-3397	33	35	whitworth	whitworth	PROPN
fsr-3397	33	36	/	/	SYM
fsr-3397	33	37	financial	financial	ADJ
fsr-3397	33	38	services	service	NOUN
fsr-3397	33	39	review	review	VERB
fsr-3397	33	40	27	27	NUM
fsr-3397	33	41	(	(	PUNCT
fsr-3397	33	42	2018	2018	NUM
fsr-3397	33	43	)	)	PUNCT
fsr-3397	33	44	257	257	NUM
fsr-3397	33	45	-	-	SYM
fsr-3397	33	46	277	277	NUM
fsr-3397	33	47	as	as	ADP
fsr-3397	33	48	possible	possible	ADJ
fsr-3397	33	49	.	.	PUNCT
fsr-3397	34	1	this	this	DET
fsr-3397	34	2	maximizes	maximize	VERB
fsr-3397	34	3	after	after	ADP
fsr-3397	34	4	-	-	PUNCT
fsr-3397	34	5	tax	tax	NOUN
fsr-3397	34	6	returns	return	NOUN
fsr-3397	34	7	,	,	PUNCT
fsr-3397	34	8	but	but	CCONJ
fsr-3397	34	9	it	it	PRON
fsr-3397	34	10	also	also	ADV
fsr-3397	34	11	has	have	VERB
fsr-3397	34	12	another	another	DET
fsr-3397	34	13	crucial	crucial	ADJ
fsr-3397	34	14	benefit	benefit	NOUN
fsr-3397	34	15	.	.	PUNCT
fsr-3397	35	1	by	by	ADP
fsr-3397	35	2	disposing	dispose	VERB
fsr-3397	35	3	of	of	ADP
fsr-3397	35	4	these	these	DET
fsr-3397	35	5	shares	share	NOUN
fsr-3397	35	6	and	and	CCONJ
fsr-3397	35	7	then	then	ADV
fsr-3397	35	8	investing	invest	VERB
fsr-3397	35	9	any	any	DET
fsr-3397	35	10	freed	free	VERB
fsr-3397	35	11	-	-	PUNCT
fsr-3397	35	12	up	up	ADP
fsr-3397	35	13	cash	cash	NOUN
fsr-3397	35	14	in	in	ADP
fsr-3397	35	15	the	the	DET
fsr-3397	35	16	stocks	stock	NOUN
fsr-3397	35	17	which	which	PRON
fsr-3397	35	18	have	have	AUX
fsr-3397	35	19	fallen	fall	VERB
fsr-3397	35	20	in	in	ADP
fsr-3397	35	21	value	value	NOUN
fsr-3397	35	22	(	(	PUNCT
fsr-3397	35	23	or	or	CCONJ
fsr-3397	35	24	have	have	AUX
fsr-3397	35	25	not	not	PART
fsr-3397	35	26	grown	grow	VERB
fsr-3397	35	27	as	as	ADV
fsr-3397	35	28	much	much	ADJ
fsr-3397	35	29	)	)	PUNCT
fsr-3397	35	30	,	,	PUNCT
fsr-3397	35	31	funds	fund	NOUN
fsr-3397	35	32	are	be	AUX
fsr-3397	35	33	reallocated	reallocate	VERB
fsr-3397	35	34	away	away	ADV
fsr-3397	35	35	from	from	ADP
fsr-3397	35	36	the	the	DET
fsr-3397	35	37	most	most	ADV
fsr-3397	35	38	heavily	heavily	ADV
fsr-3397	35	39	weighted	weight	VERB
fsr-3397	35	40	stocks	stock	NOUN
fsr-3397	35	41	in	in	ADP
fsr-3397	35	42	the	the	DET
fsr-3397	35	43	portfolio	portfolio	NOUN
fsr-3397	35	44	and	and	CCONJ
fsr-3397	35	45	toward	toward	ADP
fsr-3397	35	46	lesser	less	ADJ
fsr-3397	35	47	-	-	PUNCT
fsr-3397	35	48	weighted	weight	VERB
fsr-3397	35	49	ones	one	NOUN
fsr-3397	35	50	.	.	PUNCT
fsr-3397	36	1	this	this	PRON
fsr-3397	36	2	prevents	prevent	VERB
fsr-3397	36	3	the	the	DET
fsr-3397	36	4	portfolio	portfolio	NOUN
fsr-3397	36	5	from	from	ADP
fsr-3397	36	6	becoming	become	VERB
fsr-3397	36	7	too	too	ADV
fsr-3397	36	8	concentrated	concentrated	ADJ
fsr-3397	36	9	,	,	PUNCT
fsr-3397	36	10	thereby	thereby	ADV
fsr-3397	36	11	improving	improve	VERB
fsr-3397	36	12	diversification	diversification	NOUN
fsr-3397	36	13	and	and	CCONJ
fsr-3397	36	14	reducing	reduce	VERB
fsr-3397	36	15	overall	overall	ADJ
fsr-3397	36	16	risk	risk	NOUN
fsr-3397	36	17	.	.	PUNCT
fsr-3397	37	1	several	several	ADJ
fsr-3397	37	2	studies	study	NOUN
fsr-3397	37	3	(	(	PUNCT
fsr-3397	37	4	e.g.	e.g.	ADV
fsr-3397	37	5	,	,	PUNCT
fsr-3397	37	6	boyle	boyle	PROPN
fsr-3397	37	7	et	et	PROPN
fsr-3397	37	8	al	al	PROPN
fsr-3397	37	9	.	.	PROPN
fsr-3397	37	10	,	,	PUNCT
fsr-3397	37	11	2004	2004	NUM
fsr-3397	37	12	;	;	PUNCT
fsr-3397	37	13	feld	feld	PROPN
fsr-3397	37	14	,	,	PUNCT
fsr-3397	37	15	1999	1999	NUM
fsr-3397	37	16	;	;	PUNCT
fsr-3397	37	17	welch	welch	PROPN
fsr-3397	37	18	,	,	PUNCT
fsr-3397	37	19	2002	2002	NUM
fsr-3397	37	20	)	)	PUNCT
fsr-3397	37	21	note	note	VERB
fsr-3397	37	22	the	the	DET
fsr-3397	37	23	increased	increase	VERB
fsr-3397	37	24	risk	risk	NOUN
fsr-3397	37	25	associated	associate	VERB
fsr-3397	37	26	with	with	ADP
fsr-3397	37	27	highly	highly	ADV
fsr-3397	37	28	concentrated	concentrated	ADJ
fsr-3397	37	29	stock	stock	NOUN
fsr-3397	37	30	positions	position	NOUN
fsr-3397	37	31	,	,	PUNCT
fsr-3397	37	32	and	and	CCONJ
fsr-3397	37	33	welch	welch	PROPN
fsr-3397	37	34	(	(	PUNCT
fsr-3397	37	35	2002	2002	NUM
fsr-3397	37	36	)	)	PUNCT
fsr-3397	37	37	specifically	specifically	ADV
fsr-3397	37	38	suggests	suggest	VERB
fsr-3397	37	39	charitable	charitable	ADJ
fsr-3397	37	40	donation	donation	NOUN
fsr-3397	37	41	as	as	ADP
fsr-3397	37	42	an	an	DET
fsr-3397	37	43	avenue	avenue	NOUN
fsr-3397	37	44	for	for	ADP
fsr-3397	37	45	lessening	lessen	VERB
fsr-3397	37	46	one	one	NUM
fsr-3397	37	47	’s	’s	PART
fsr-3397	37	48	exposure	exposure	NOUN
fsr-3397	37	49	.	.	PUNCT
fsr-3397	38	1	it	it	PRON
fsr-3397	38	2	should	should	AUX
fsr-3397	38	3	be	be	AUX
fsr-3397	38	4	noted	note	VERB
fsr-3397	38	5	that	that	SCONJ
fsr-3397	38	6	the	the	DET
fsr-3397	38	7	stock	stock	NOUN
fsr-3397	38	8	donation	donation	NOUN
fsr-3397	38	9	strategy	strategy	NOUN
fsr-3397	38	10	—	—	PUNCT
fsr-3397	38	11	like	like	ADP
fsr-3397	38	12	tax	tax	NOUN
fsr-3397	38	13	loss	loss	NOUN
fsr-3397	38	14	selling	selling	NOUN
fsr-3397	38	15	and	and	CCONJ
fsr-3397	38	16	gain	gain	VERB
fsr-3397	38	17	harvesting	harvesting	NOUN
fsr-3397	38	18	—	—	PUNCT
fsr-3397	38	19	applies	apply	VERB
fsr-3397	38	20	only	only	ADV
fsr-3397	38	21	to	to	ADP
fsr-3397	38	22	stocks	stock	NOUN
fsr-3397	38	23	in	in	ADP
fsr-3397	38	24	regular	regular	ADJ
fsr-3397	38	25	taxable	taxable	ADJ
fsr-3397	38	26	accounts	account	NOUN
fsr-3397	38	27	,	,	PUNCT
fsr-3397	38	28	because	because	SCONJ
fsr-3397	38	29	capital	capital	NOUN
fsr-3397	38	30	gains	gain	NOUN
fsr-3397	38	31	and	and	CCONJ
fsr-3397	38	32	losses	loss	NOUN
fsr-3397	38	33	are	be	AUX
fsr-3397	38	34	not	not	PART
fsr-3397	38	35	recognized	recognize	VERB
fsr-3397	38	36	on	on	ADP
fsr-3397	38	37	transactions	transaction	NOUN
fsr-3397	38	38	within	within	ADP
fsr-3397	38	39	tax	tax	NOUN
fsr-3397	38	40	-	-	PUNCT
fsr-3397	38	41	deferred	defer	VERB
fsr-3397	38	42	or	or	CCONJ
fsr-3397	38	43	tax	tax	NOUN
fsr-3397	38	44	-	-	PUNCT
fsr-3397	38	45	exempt	exempt	ADJ
fsr-3397	38	46	iras	ira	NOUN
fsr-3397	38	47	and	and	CCONJ
fsr-3397	38	48	401(k)s	401(k)s	PROPN
fsr-3397	38	49	.	.	PUNCT
fsr-3397	39	1	while	while	SCONJ
fsr-3397	39	2	individuals	individual	NOUN
fsr-3397	39	3	generally	generally	ADV
fsr-3397	39	4	should	should	AUX
fsr-3397	39	5	take	take	VERB
fsr-3397	39	6	advantage	advantage	NOUN
fsr-3397	39	7	of	of	ADP
fsr-3397	39	8	these	these	DET
fsr-3397	39	9	accounts	account	NOUN
fsr-3397	39	10	,	,	PUNCT
fsr-3397	39	11	many	many	ADJ
fsr-3397	39	12	stocks	stock	NOUN
fsr-3397	39	13	are	be	AUX
fsr-3397	39	14	still	still	ADV
fsr-3397	39	15	optimally	optimally	ADV
fsr-3397	39	16	held	hold	VERB
fsr-3397	39	17	in	in	ADP
fsr-3397	39	18	taxable	taxable	ADJ
fsr-3397	39	19	accounts	account	NOUN
fsr-3397	39	20	because	because	SCONJ
fsr-3397	39	21	(	(	PUNCT
fsr-3397	39	22	1	1	X
fsr-3397	39	23	)	)	PUNCT
fsr-3397	39	24	the	the	DET
fsr-3397	39	25	amount	amount	NOUN
fsr-3397	39	26	that	that	PRON
fsr-3397	39	27	can	can	AUX
fsr-3397	39	28	be	be	AUX
fsr-3397	39	29	contributed	contribute	VERB
fsr-3397	39	30	to	to	ADP
fsr-3397	39	31	retirement	retirement	NOUN
fsr-3397	39	32	accounts	account	NOUN
fsr-3397	39	33	is	be	AUX
fsr-3397	39	34	limited	limit	VERB
fsr-3397	39	35	,	,	PUNCT
fsr-3397	39	36	and	and	CCONJ
fsr-3397	39	37	(	(	PUNCT
fsr-3397	39	38	2	2	X
fsr-3397	39	39	)	)	PUNCT
fsr-3397	39	40	when	when	SCONJ
fsr-3397	39	41	one	one	NUM
fsr-3397	39	42	also	also	ADV
fsr-3397	39	43	owns	own	VERB
fsr-3397	39	44	tax	tax	NOUN
fsr-3397	39	45	-	-	PUNCT
fsr-3397	39	46	inefficient	inefficient	ADJ
fsr-3397	39	47	investments	investment	NOUN
fsr-3397	39	48	such	such	ADJ
fsr-3397	39	49	as	as	ADP
fsr-3397	39	50	taxable	taxable	ADJ
fsr-3397	39	51	bonds	bond	NOUN
fsr-3397	39	52	and/or	and/or	CCONJ
fsr-3397	39	53	actively	actively	ADV
fsr-3397	39	54	managed	manage	VERB
fsr-3397	39	55	mutual	mutual	ADJ
fsr-3397	39	56	funds	fund	NOUN
fsr-3397	39	57	,	,	PUNCT
fsr-3397	39	58	these	these	PRON
fsr-3397	39	59	generally	generally	ADV
fsr-3397	39	60	should	should	AUX
fsr-3397	39	61	be	be	AUX
fsr-3397	39	62	prioritized	prioritize	VERB
fsr-3397	39	63	(	(	PUNCT
fsr-3397	39	64	i.e.	i.e.	X
fsr-3397	39	65	,	,	PUNCT
fsr-3397	39	66	ahead	ahead	ADV
fsr-3397	39	67	of	of	ADP
fsr-3397	39	68	stocks	stock	NOUN
fsr-3397	39	69	)	)	PUNCT
fsr-3397	39	70	for	for	ADP
fsr-3397	39	71	location	location	NOUN
fsr-3397	39	72	in	in	ADP
fsr-3397	39	73	tax	tax	NOUN
fsr-3397	39	74	-	-	PUNCT
fsr-3397	39	75	advantaged	advantaged	ADJ
fsr-3397	39	76	accounts	account	NOUN
fsr-3397	39	77	(	(	PUNCT
fsr-3397	39	78	horan	horan	NOUN
fsr-3397	39	79	,	,	PUNCT
fsr-3397	39	80	2005	2005	NUM
fsr-3397	39	81	;	;	PUNCT
fsr-3397	39	82	reichenstein	reichenstein	NOUN
fsr-3397	39	83	,	,	PUNCT
fsr-3397	39	84	2007	2007	NUM
fsr-3397	39	85	;	;	PUNCT
fsr-3397	39	86	shoven	shoven	NOUN
fsr-3397	39	87	and	and	CCONJ
fsr-3397	39	88	sialm	sialm	NOUN
fsr-3397	39	89	,	,	PUNCT
fsr-3397	39	90	2003	2003	NUM
fsr-3397	39	91	)	)	PUNCT
fsr-3397	39	92	.	.	PUNCT
fsr-3397	40	1	it	it	PRON
fsr-3397	40	2	is	be	AUX
fsr-3397	40	3	also	also	ADV
fsr-3397	40	4	important	important	ADJ
fsr-3397	40	5	to	to	PART
fsr-3397	40	6	remember	remember	VERB
fsr-3397	40	7	that	that	SCONJ
fsr-3397	40	8	this	this	DET
fsr-3397	40	9	strategy	strategy	NOUN
fsr-3397	40	10	works	work	VERB
fsr-3397	40	11	only	only	ADV
fsr-3397	40	12	for	for	ADP
fsr-3397	40	13	those	those	PRON
fsr-3397	40	14	who	who	PRON
fsr-3397	40	15	already	already	ADV
fsr-3397	40	16	intend	intend	VERB
fsr-3397	40	17	to	to	PART
fsr-3397	40	18	make	make	VERB
fsr-3397	40	19	charitable	charitable	ADJ
fsr-3397	40	20	contributions	contribution	NOUN
fsr-3397	40	21	.	.	PUNCT
fsr-3397	41	1	it	it	PRON
fsr-3397	41	2	makes	make	VERB
fsr-3397	41	3	no	no	DET
fsr-3397	41	4	sense	sense	NOUN
fsr-3397	41	5	to	to	PART
fsr-3397	41	6	become	become	VERB
fsr-3397	41	7	a	a	DET
fsr-3397	41	8	donor	donor	NOUN
fsr-3397	41	9	for	for	ADP
fsr-3397	41	10	the	the	DET
fsr-3397	41	11	sole	sole	ADJ
fsr-3397	41	12	purpose	purpose	NOUN
fsr-3397	41	13	of	of	ADP
fsr-3397	41	14	avoiding	avoid	VERB
fsr-3397	41	15	capital	capital	NOUN
fsr-3397	41	16	gains	gain	NOUN
fsr-3397	41	17	taxes	taxis	NOUN
fsr-3397	41	18	.	.	PUNCT
fsr-3397	42	1	however	however	ADV
fsr-3397	42	2	,	,	PUNCT
fsr-3397	42	3	for	for	ADP
fsr-3397	42	4	those	those	PRON
fsr-3397	42	5	who	who	PRON
fsr-3397	42	6	view	view	VERB
fsr-3397	42	7	their	their	PRON
fsr-3397	42	8	gift	gift	NOUN
fsr-3397	42	9	as	as	ADP
fsr-3397	42	10	a	a	DET
fsr-3397	42	11	sunk	sunk	ADJ
fsr-3397	42	12	cost	cost	NOUN
fsr-3397	42	13	,	,	PUNCT
fsr-3397	42	14	the	the	DET
fsr-3397	42	15	additional	additional	ADJ
fsr-3397	42	16	tax	tax	NOUN
fsr-3397	42	17	benefit	benefit	NOUN
fsr-3397	42	18	from	from	ADP
fsr-3397	42	19	using	use	VERB
fsr-3397	42	20	appreciated	appreciated	ADJ
fsr-3397	42	21	shares	share	NOUN
fsr-3397	42	22	in	in	ADP
fsr-3397	42	23	lieu	lieu	NOUN
fsr-3397	42	24	of	of	ADP
fsr-3397	42	25	cash	cash	NOUN
fsr-3397	42	26	can	can	AUX
fsr-3397	42	27	be	be	AUX
fsr-3397	42	28	substantial	substantial	ADJ
fsr-3397	42	29	,	,	PUNCT
fsr-3397	42	30	as	as	SCONJ
fsr-3397	42	31	previous	previous	ADJ
fsr-3397	42	32	studies	study	NOUN
fsr-3397	42	33	have	have	AUX
fsr-3397	42	34	noted	note	VERB
fsr-3397	42	35	.	.	PUNCT
fsr-3397	43	1	in	in	ADP
fsr-3397	43	2	a	a	DET
fsr-3397	43	3	detailed	detailed	ADJ
fsr-3397	43	4	examination	examination	NOUN
fsr-3397	43	5	of	of	ADP
fsr-3397	43	6	this	this	DET
fsr-3397	43	7	strategy	strategy	NOUN
fsr-3397	43	8	,	,	PUNCT
fsr-3397	43	9	whitworth	whitworth	PROPN
fsr-3397	43	10	and	and	CCONJ
fsr-3397	43	11	mccormack	mccormack	PROPN
fsr-3397	43	12	(	(	PUNCT
fsr-3397	43	13	2011	2011	NUM
fsr-3397	43	14	)	)	PUNCT
fsr-3397	43	15	demonstrate	demonstrate	VERB
fsr-3397	43	16	that	that	SCONJ
fsr-3397	43	17	in	in	ADP
fsr-3397	43	18	a	a	DET
fsr-3397	43	19	one	one	NUM
fsr-3397	43	20	-	-	PUNCT
fsr-3397	43	21	period	period	NOUN
fsr-3397	43	22	framework	framework	NOUN
fsr-3397	43	23	,	,	PUNCT
fsr-3397	43	24	the	the	DET
fsr-3397	43	25	expected	expect	VERB
fsr-3397	43	26	after	after	ADP
fsr-3397	43	27	-	-	PUNCT
fsr-3397	43	28	tax	tax	NOUN
fsr-3397	43	29	return	return	NOUN
fsr-3397	43	30	can	can	AUX
fsr-3397	43	31	actually	actually	ADV
fsr-3397	43	32	exceed	exceed	VERB
fsr-3397	43	33	the	the	DET
fsr-3397	43	34	expected	expect	VERB
fsr-3397	43	35	pretax	pretax	ADJ
fsr-3397	43	36	return	return	NOUN
fsr-3397	43	37	.	.	PUNCT
fsr-3397	44	1	this	this	DET
fsr-3397	44	2	counterintuitive	counterintuitive	ADJ
fsr-3397	44	3	result	result	NOUN
fsr-3397	44	4	derives	derive	VERB
fsr-3397	44	5	from	from	ADP
fsr-3397	44	6	the	the	DET
fsr-3397	44	7	fact	fact	NOUN
fsr-3397	44	8	that	that	SCONJ
fsr-3397	44	9	the	the	DET
fsr-3397	44	10	donor	donor	NOUN
fsr-3397	44	11	-	-	PUNCT
fsr-3397	44	12	investor	investor	NOUN
fsr-3397	44	13	receives	receive	VERB
fsr-3397	44	14	a	a	DET
fsr-3397	44	15	tax	tax	NOUN
fsr-3397	44	16	deduction	deduction	NOUN
fsr-3397	44	17	if	if	SCONJ
fsr-3397	44	18	the	the	DET
fsr-3397	44	19	stock	stock	NOUN
fsr-3397	44	20	goes	go	VERB
fsr-3397	44	21	down	down	ADP
fsr-3397	44	22	but	but	CCONJ
fsr-3397	44	23	effectively	effectively	ADV
fsr-3397	44	24	enjoys	enjoy	VERB
fsr-3397	44	25	a	a	DET
fsr-3397	44	26	tax	tax	NOUN
fsr-3397	44	27	-	-	PUNCT
fsr-3397	44	28	free	free	ADJ
fsr-3397	44	29	capital	capital	NOUN
fsr-3397	44	30	gain	gain	NOUN
fsr-3397	44	31	if	if	SCONJ
fsr-3397	44	32	it	it	PRON
fsr-3397	44	33	rises	rise	VERB
fsr-3397	44	34	.	.	PUNCT
fsr-3397	45	1	other	other	ADJ
fsr-3397	45	2	studies	study	NOUN
fsr-3397	45	3	(	(	PUNCT
fsr-3397	45	4	aperio	aperio	NOUN
fsr-3397	45	5	group	group	NOUN
fsr-3397	45	6	,	,	PUNCT
fsr-3397	45	7	2017	2017	NUM
fsr-3397	45	8	;	;	PUNCT
fsr-3397	45	9	bakija	bakija	NOUN
fsr-3397	45	10	and	and	CCONJ
fsr-3397	45	11	heim	heim	PROPN
fsr-3397	45	12	,	,	PUNCT
fsr-3397	45	13	2011	2011	NUM
fsr-3397	45	14	;	;	PUNCT
fsr-3397	45	15	reichenstein	reichenstein	NOUN
fsr-3397	45	16	,	,	PUNCT
fsr-3397	45	17	2007	2007	NUM
fsr-3397	45	18	)	)	PUNCT
fsr-3397	45	19	have	have	AUX
fsr-3397	45	20	acknowledged	acknowledge	VERB
fsr-3397	45	21	the	the	DET
fsr-3397	45	22	additional	additional	ADJ
fsr-3397	45	23	tax	tax	NOUN
fsr-3397	45	24	savings	saving	NOUN
fsr-3397	45	25	and	and	CCONJ
fsr-3397	45	26	increased	increase	VERB
fsr-3397	45	27	return	return	NOUN
fsr-3397	45	28	from	from	ADP
fsr-3397	45	29	donating	donate	VERB
fsr-3397	45	30	appreciated	appreciated	ADJ
fsr-3397	45	31	stock	stock	NOUN
fsr-3397	45	32	,	,	PUNCT
fsr-3397	45	33	and	and	CCONJ
fsr-3397	45	34	it	it	PRON
fsr-3397	45	35	appears	appear	VERB
fsr-3397	45	36	that	that	SCONJ
fsr-3397	45	37	investors	investor	NOUN
fsr-3397	45	38	are	be	AUX
fsr-3397	45	39	aware	aware	ADJ
fsr-3397	45	40	of	of	ADP
fsr-3397	45	41	the	the	DET
fsr-3397	45	42	benefits	benefit	NOUN
fsr-3397	45	43	as	as	ADV
fsr-3397	45	44	well	well	ADV
fsr-3397	45	45	.	.	PUNCT
fsr-3397	46	1	ackerman	ackerman	PROPN
fsr-3397	46	2	and	and	CCONJ
fsr-3397	46	3	auten	auten	PROPN
fsr-3397	46	4	(	(	PUNCT
fsr-3397	46	5	2011	2011	NUM
fsr-3397	46	6	)	)	PUNCT
fsr-3397	46	7	report	report	NOUN
fsr-3397	46	8	that	that	SCONJ
fsr-3397	46	9	in	in	ADP
fsr-3397	46	10	2005	2005	NUM
fsr-3397	46	11	,	,	PUNCT
fsr-3397	46	12	about	about	ADV
fsr-3397	46	13	10	10	NUM
fsr-3397	46	14	%	%	NOUN
fsr-3397	46	15	of	of	ADP
fsr-3397	46	16	all	all	DET
fsr-3397	46	17	charitable	charitable	ADJ
fsr-3397	46	18	deductions	deduction	NOUN
fsr-3397	46	19	(	(	PUNCT
fsr-3397	46	20	26	26	NUM
fsr-3397	46	21	%	%	NOUN
fsr-3397	46	22	for	for	ADP
fsr-3397	46	23	the	the	DET
fsr-3397	46	24	top	top	ADJ
fsr-3397	46	25	1	1	NUM
fsr-3397	46	26	%	%	NOUN
fsr-3397	46	27	of	of	ADP
fsr-3397	46	28	income	income	NOUN
fsr-3397	46	29	earners	earner	NOUN
fsr-3397	46	30	)	)	PUNCT
fsr-3397	46	31	were	be	AUX
fsr-3397	46	32	for	for	ADP
fsr-3397	46	33	donations	donation	NOUN
fsr-3397	46	34	of	of	ADP
fsr-3397	46	35	stock	stock	NOUN
fsr-3397	46	36	,	,	PUNCT
fsr-3397	46	37	which	which	PRON
fsr-3397	46	38	typically	typically	ADV
fsr-3397	46	39	had	have	VERB
fsr-3397	46	40	very	very	ADV
fsr-3397	46	41	low	low	ADJ
fsr-3397	46	42	cost	cost	NOUN
fsr-3397	46	43	bases	basis	NOUN
fsr-3397	46	44	relative	relative	ADJ
fsr-3397	46	45	to	to	ADP
fsr-3397	46	46	their	their	PRON
fsr-3397	46	47	market	market	NOUN
fsr-3397	46	48	values	value	NOUN
fsr-3397	46	49	.	.	PUNCT
fsr-3397	47	1	welch	welch	PROPN
fsr-3397	47	2	(	(	PUNCT
fsr-3397	47	3	2002	2002	NUM
fsr-3397	47	4	)	)	PUNCT
fsr-3397	47	5	also	also	ADV
fsr-3397	47	6	notes	note	VERB
fsr-3397	47	7	that	that	SCONJ
fsr-3397	47	8	private	private	ADJ
fsr-3397	47	9	foundations	foundation	NOUN
fsr-3397	47	10	and	and	CCONJ
fsr-3397	47	11	community	community	NOUN
fsr-3397	47	12	-	-	PUNCT
fsr-3397	47	13	based	base	VERB
fsr-3397	47	14	donor	donor	NOUN
fsr-3397	47	15	-	-	PUNCT
fsr-3397	47	16	advised	advise	VERB
fsr-3397	47	17	funds	fund	NOUN
fsr-3397	47	18	have	have	AUX
fsr-3397	47	19	become	become	VERB
fsr-3397	47	20	increasingly	increasingly	ADV
fsr-3397	47	21	popular	popular	ADJ
fsr-3397	47	22	vehicles	vehicle	NOUN
fsr-3397	47	23	for	for	ADP
fsr-3397	47	24	philanthropically	philanthropically	ADV
fsr-3397	47	25	minded	minded	ADJ
fsr-3397	47	26	investors	investor	NOUN
fsr-3397	47	27	to	to	PART
fsr-3397	47	28	dispose	dispose	VERB
fsr-3397	47	29	of	of	ADP
fsr-3397	47	30	low	low	ADJ
fsr-3397	47	31	-	-	PUNCT
fsr-3397	47	32	basis	basis	NOUN
fsr-3397	47	33	stock	stock	NOUN
fsr-3397	47	34	.	.	PUNCT
fsr-3397	48	1	although	although	SCONJ
fsr-3397	48	2	most	most	ADJ
fsr-3397	48	3	financial	financial	ADJ
fsr-3397	48	4	planners	planner	NOUN
fsr-3397	48	5	and	and	CCONJ
fsr-3397	48	6	tax	tax	NOUN
fsr-3397	48	7	professionals	professional	NOUN
fsr-3397	48	8	understand	understand	VERB
fsr-3397	48	9	that	that	SCONJ
fsr-3397	48	10	donating	donate	VERB
fsr-3397	48	11	appreciated	appreciated	ADJ
fsr-3397	48	12	stock	stock	NOUN
fsr-3397	48	13	can	can	AUX
fsr-3397	48	14	be	be	AUX
fsr-3397	48	15	advantageous	advantageous	ADJ
fsr-3397	48	16	,	,	PUNCT
fsr-3397	48	17	there	there	PRON
fsr-3397	48	18	have	have	AUX
fsr-3397	48	19	so	so	ADV
fsr-3397	48	20	far	far	ADV
fsr-3397	48	21	been	be	AUX
fsr-3397	48	22	no	no	DET
fsr-3397	48	23	published	publish	VERB
fsr-3397	48	24	studies	study	NOUN
fsr-3397	48	25	quantifying	quantify	VERB
fsr-3397	48	26	the	the	DET
fsr-3397	48	27	long	long	ADJ
fsr-3397	48	28	-	-	PUNCT
fsr-3397	48	29	term	term	NOUN
fsr-3397	48	30	benefits	benefit	NOUN
fsr-3397	48	31	of	of	ADP
fsr-3397	48	32	doing	do	VERB
fsr-3397	48	33	so	so	ADV
fsr-3397	48	34	.	.	PUNCT
fsr-3397	49	1	using	use	VERB
fsr-3397	49	2	a	a	DET
fsr-3397	49	3	monte	monte	PROPN
fsr-3397	49	4	carlo	carlo	PROPN
fsr-3397	49	5	simulation	simulation	PROPN
fsr-3397	49	6	approach	approach	NOUN
fsr-3397	49	7	,	,	PUNCT
fsr-3397	49	8	this	this	DET
fsr-3397	49	9	paper	paper	NOUN
fsr-3397	49	10	demonstrates	demonstrate	VERB
fsr-3397	49	11	that	that	SCONJ
fsr-3397	49	12	better	well	ADJ
fsr-3397	49	13	integration	integration	NOUN
fsr-3397	49	14	of	of	ADP
fsr-3397	49	15	portfolio	portfolio	NOUN
fsr-3397	49	16	management	management	NOUN
fsr-3397	49	17	,	,	PUNCT
fsr-3397	49	18	charitable	charitable	ADJ
fsr-3397	49	19	giving	giving	NOUN
fsr-3397	49	20	,	,	PUNCT
fsr-3397	49	21	and	and	CCONJ
fsr-3397	49	22	tax	tax	NOUN
fsr-3397	49	23	trading	trading	NOUN
fsr-3397	49	24	substantially	substantially	ADV
fsr-3397	49	25	increases	increase	VERB
fsr-3397	49	26	returns	return	NOUN
fsr-3397	49	27	and	and	CCONJ
fsr-3397	49	28	reduces	reduce	VERB
fsr-3397	49	29	risk	risk	NOUN
fsr-3397	49	30	.	.	PUNCT
fsr-3397	50	1	section	section	NOUN
fsr-3397	50	2	2	2	NUM
fsr-3397	50	3	describes	describe	VERB
fsr-3397	50	4	the	the	DET
fsr-3397	50	5	simulation	simulation	NOUN
fsr-3397	50	6	procedure	procedure	NOUN
fsr-3397	50	7	.	.	PUNCT
fsr-3397	51	1	section	section	NOUN
fsr-3397	51	2	3	3	NUM
fsr-3397	51	3	shows	show	VERB
fsr-3397	51	4	how	how	SCONJ
fsr-3397	51	5	terminal	terminal	ADJ
fsr-3397	51	6	wealth	wealth	NOUN
fsr-3397	51	7	,	,	PUNCT
fsr-3397	51	8	standard	standard	ADJ
fsr-3397	51	9	deviation	deviation	NOUN
fsr-3397	51	10	(	(	PUNCT
fsr-3397	51	11	sd	sd	NOUN
fsr-3397	51	12	)	)	PUNCT
fsr-3397	51	13	,	,	PUNCT
fsr-3397	51	14	diversification	diversification	NOUN
fsr-3397	51	15	,	,	PUNCT
fsr-3397	51	16	and	and	CCONJ
fsr-3397	51	17	shortfall	shortfall	NOUN
fsr-3397	51	18	risk	risk	NOUN
fsr-3397	51	19	are	be	AUX
fsr-3397	51	20	affected	affect	VERB
fsr-3397	51	21	by	by	ADP
fsr-3397	51	22	stock	stock	NOUN
fsr-3397	51	23	donation	donation	NOUN
fsr-3397	51	24	in	in	ADP
fsr-3397	51	25	conjunction	conjunction	NOUN
fsr-3397	51	26	with	with	ADP
fsr-3397	51	27	other	other	ADJ
fsr-3397	51	28	tax	tax	NOUN
fsr-3397	51	29	-	-	PUNCT
fsr-3397	51	30	efficient	efficient	ADJ
fsr-3397	51	31	strategies	strategy	NOUN
fsr-3397	51	32	.	.	PUNCT
fsr-3397	52	1	section	section	NOUN
fsr-3397	52	2	4	4	NUM
fsr-3397	52	3	discusses	discuss	VERB
fsr-3397	52	4	recent	recent	ADJ
fsr-3397	52	5	changes	change	NOUN
fsr-3397	52	6	in	in	ADP
fsr-3397	52	7	the	the	DET
fsr-3397	52	8	tax	tax	NOUN
fsr-3397	52	9	law	law	NOUN
fsr-3397	52	10	that	that	PRON
fsr-3397	52	11	may	may	AUX
fsr-3397	52	12	be	be	AUX
fsr-3397	52	13	relevant	relevant	ADJ
fsr-3397	52	14	to	to	ADP
fsr-3397	52	15	investors	investor	NOUN
fsr-3397	52	16	,	,	PUNCT
fsr-3397	52	17	and	and	CCONJ
fsr-3397	52	18	how	how	SCONJ
fsr-3397	52	19	the	the	DET
fsr-3397	52	20	strategies	strategy	NOUN
fsr-3397	52	21	in	in	ADP
fsr-3397	52	22	this	this	DET
fsr-3397	52	23	paper	paper	NOUN
fsr-3397	52	24	could	could	AUX
fsr-3397	52	25	be	be	AUX
fsr-3397	52	26	affected	affect	VERB
fsr-3397	52	27	by	by	ADP
fsr-3397	52	28	future	future	ADJ
fsr-3397	52	29	changes	change	NOUN
fsr-3397	52	30	.	.	PUNCT
fsr-3397	53	1	section	section	NOUN
fsr-3397	53	2	5	5	NUM
fsr-3397	53	3	discusses	discuss	VERB
fsr-3397	53	4	the	the	DET
fsr-3397	53	5	implications	implication	NOUN
fsr-3397	53	6	of	of	ADP
fsr-3397	53	7	our	our	PRON
fsr-3397	53	8	findings	finding	NOUN
fsr-3397	53	9	for	for	ADP
fsr-3397	53	10	financial	financial	ADJ
fsr-3397	53	11	planning	planning	NOUN
fsr-3397	53	12	.	.	PUNCT
fsr-3397	54	1	259j	259j	NOUN
fsr-3397	54	2	.	.	PUNCT
fsr-3397	55	1	whitworth	whitworth	PROPN
fsr-3397	55	2	/	/	SYM
fsr-3397	55	3	financial	financial	ADJ
fsr-3397	55	4	services	service	NOUN
fsr-3397	55	5	review	review	VERB
fsr-3397	55	6	27	27	NUM
fsr-3397	55	7	(	(	PUNCT
fsr-3397	55	8	2018	2018	NUM
fsr-3397	55	9	)	)	PUNCT
fsr-3397	55	10	257	257	NUM
fsr-3397	55	11	-	-	SYM
fsr-3397	55	12	277	277	NUM
fsr-3397	55	13	2	2	NUM
fsr-3397	55	14	.	.	PUNCT
fsr-3397	55	15	simulation	simulation	NOUN
fsr-3397	55	16	methodology	methodology	NOUN
fsr-3397	55	17	we	we	PRON
fsr-3397	55	18	assume	assume	VERB
fsr-3397	55	19	that	that	SCONJ
fsr-3397	55	20	an	an	DET
fsr-3397	55	21	individual	individual	NOUN
fsr-3397	55	22	initially	initially	ADV
fsr-3397	55	23	has	have	VERB
fsr-3397	55	24	annual	annual	ADJ
fsr-3397	55	25	wages	wage	NOUN
fsr-3397	55	26	of	of	ADP
fsr-3397	55	27	$	$	SYM
fsr-3397	55	28	100,000	100,000	NUM
fsr-3397	55	29	that	that	PRON
fsr-3397	55	30	will	will	AUX
fsr-3397	55	31	grow	grow	VERB
fsr-3397	55	32	at	at	ADP
fsr-3397	55	33	3	3	NUM
fsr-3397	55	34	%	%	NOUN
fsr-3397	55	35	per	per	ADP
fsr-3397	55	36	year	year	NOUN
fsr-3397	55	37	.	.	PUNCT
fsr-3397	56	1	ordinary	ordinary	ADJ
fsr-3397	56	2	income	income	NOUN
fsr-3397	56	3	is	be	AUX
fsr-3397	56	4	taxed	tax	VERB
fsr-3397	56	5	at	at	ADP
fsr-3397	56	6	24	24	NUM
fsr-3397	56	7	%	%	NOUN
fsr-3397	56	8	,	,	PUNCT
fsr-3397	56	9	while	while	SCONJ
fsr-3397	56	10	long	long	ADJ
fsr-3397	56	11	-	-	PUNCT
fsr-3397	56	12	term	term	NOUN
fsr-3397	56	13	capital	capital	NOUN
fsr-3397	56	14	gains	gain	NOUN
fsr-3397	56	15	are	be	AUX
fsr-3397	56	16	taxed	tax	VERB
fsr-3397	56	17	at	at	ADP
fsr-3397	56	18	15	15	NUM
fsr-3397	56	19	%	%	NOUN
fsr-3397	56	20	.	.	PUNCT
fsr-3397	57	1	the	the	DET
fsr-3397	57	2	individual	individual	NOUN
fsr-3397	57	3	begins	begin	VERB
fsr-3397	57	4	with	with	ADP
fsr-3397	57	5	a	a	DET
fsr-3397	57	6	$	$	SYM
fsr-3397	57	7	250,000	250,000	NUM
fsr-3397	57	8	portfolio	portfolio	NOUN
fsr-3397	57	9	invested	invest	VERB
fsr-3397	57	10	equally	equally	ADV
fsr-3397	57	11	across	across	ADP
fsr-3397	57	12	25	25	NUM
fsr-3397	57	13	non	non	ADJ
fsr-3397	57	14	-	-	ADJ
fsr-3397	57	15	dividendpaying	dividendpaying	ADJ
fsr-3397	57	16	stocks2	stocks2	NOUN
fsr-3397	57	17	in	in	ADP
fsr-3397	57	18	a	a	DET
fsr-3397	57	19	regular	regular	ADJ
fsr-3397	57	20	taxable	taxable	ADJ
fsr-3397	57	21	account	account	NOUN
fsr-3397	57	22	.	.	PUNCT
fsr-3397	58	1	in	in	ADP
fsr-3397	58	2	each	each	DET
fsr-3397	58	3	year	year	NOUN
fsr-3397	58	4	t	t	PROPN
fsr-3397	58	5	,	,	PUNCT
fsr-3397	58	6	a	a	DET
fsr-3397	58	7	simulated	simulate	VERB
fsr-3397	58	8	return	return	NOUN
fsr-3397	58	9	for	for	ADP
fsr-3397	58	10	each	each	DET
fsr-3397	58	11	stock	stock	NOUN
fsr-3397	58	12	i	i	PRON
fsr-3397	58	13	is	be	AUX
fsr-3397	58	14	generated	generate	VERB
fsr-3397	58	15	as	as	ADP
fsr-3397	58	16	rit	rit	PROPN
fsr-3397	58	17	�	�	PROPN
fsr-3397	58	18	rmt	rmt	NOUN
fsr-3397	58	19	�	�	PROPN
fsr-3397	58	20	�	�	PROPN
fsr-3397	58	21	it	it	PRON
fsr-3397	58	22	�	�	NOUN
fsr-3397	58	23	i	i	PRON
fsr-3397	58	24	�	�	PROPN
fsr-3397	58	25	1	1	NUM
fsr-3397	58	26	,	,	PUNCT
fsr-3397	58	27	2	2	NUM
fsr-3397	58	28	,	,	PUNCT
fsr-3397	58	29	.	.	PUNCT
fsr-3397	58	30	.	.	PUNCT
fsr-3397	58	31	.	.	PUNCT
fsr-3397	59	1	,	,	PUNCT
fsr-3397	59	2	25	25	NUM
fsr-3397	59	3	�	�	NOUN
fsr-3397	59	4	,	,	PUNCT
fsr-3397	59	5	where	where	SCONJ
fsr-3397	59	6	the	the	DET
fsr-3397	59	7	year	year	NOUN
fsr-3397	59	8	t	t	NOUN
fsr-3397	59	9	market	market	NOUN
fsr-3397	59	10	return	return	NOUN
fsr-3397	59	11	rmt	rmt	NOUN
fsr-3397	59	12	is	be	AUX
fsr-3397	59	13	drawn	draw	VERB
fsr-3397	59	14	from	from	ADP
fsr-3397	59	15	a	a	DET
fsr-3397	59	16	normal	normal	ADJ
fsr-3397	59	17	distribution	distribution	NOUN
fsr-3397	59	18	with	with	ADP
fsr-3397	59	19	mean	mean	NOUN
fsr-3397	59	20	8	8	NUM
fsr-3397	59	21	%	%	NOUN
fsr-3397	59	22	and	and	CCONJ
fsr-3397	59	23	sd	sd	ADP
fsr-3397	59	24	20	20	NUM
fsr-3397	59	25	%	%	NOUN
fsr-3397	59	26	,	,	PUNCT
fsr-3397	59	27	and	and	CCONJ
fsr-3397	59	28	each	each	DET
fsr-3397	59	29	idiosyncratic	idiosyncratic	ADJ
fsr-3397	59	30	stock	stock	NOUN
fsr-3397	59	31	return	return	NOUN
fsr-3397	59	32	component	component	NOUN
fsr-3397	59	33	�	�	PROPN
fsr-3397	59	34	it	it	PRON
fsr-3397	59	35	(	(	PUNCT
fsr-3397	59	36	i	i	PRON
fsr-3397	59	37	�	�	PROPN
fsr-3397	59	38	1	1	NUM
fsr-3397	59	39	,	,	PUNCT
fsr-3397	59	40	2	2	NUM
fsr-3397	59	41	,	,	PUNCT
fsr-3397	59	42	…	…	PUNCT
fsr-3397	59	43	,	,	PUNCT
fsr-3397	59	44	25	25	NUM
fsr-3397	59	45	)	)	PUNCT
fsr-3397	59	46	is	be	AUX
fsr-3397	59	47	drawn	draw	VERB
fsr-3397	59	48	independently	independently	ADV
fsr-3397	59	49	from	from	ADP
fsr-3397	59	50	a	a	DET
fsr-3397	59	51	normal	normal	ADJ
fsr-3397	59	52	distribution	distribution	NOUN
fsr-3397	59	53	with	with	ADP
fsr-3397	59	54	mean	mean	NOUN
fsr-3397	59	55	zero	zero	NUM
fsr-3397	59	56	and	and	CCONJ
fsr-3397	59	57	sd	sd	ADP
fsr-3397	59	58	34.641	34.641	NUM
fsr-3397	59	59	%	%	NOUN
fsr-3397	59	60	.	.	PUNCT
fsr-3397	60	1	the	the	DET
fsr-3397	60	2	market	market	NOUN
fsr-3397	60	3	and	and	CCONJ
fsr-3397	60	4	idiosyncratic	idiosyncratic	ADJ
fsr-3397	60	5	volatilities	volatility	NOUN
fsr-3397	60	6	�	�	PROPN
fsr-3397	60	7	m	m	PROPN
fsr-3397	60	8	�	�	PROPN
fsr-3397	60	9	0.2	0.2	NUM
fsr-3397	60	10	and	and	CCONJ
fsr-3397	60	11	�	�	PROPN
fsr-3397	60	12	�	�	PROPN
fsr-3397	60	13	�	�	PROPN
fsr-3397	60	14	0.34641	0.34641	NUM
fsr-3397	60	15	are	be	AUX
fsr-3397	60	16	chosen	choose	VERB
fsr-3397	60	17	so	so	SCONJ
fsr-3397	60	18	that	that	SCONJ
fsr-3397	60	19	the	the	DET
fsr-3397	60	20	total	total	ADJ
fsr-3397	60	21	sd	sd	NOUN
fsr-3397	60	22	of	of	ADP
fsr-3397	60	23	each	each	DET
fsr-3397	60	24	stock	stock	NOUN
fsr-3397	60	25	i	i	PRON
fsr-3397	60	26	is	be	AUX
fsr-3397	60	27	�	�	PROPN
fsr-3397	60	28	i	i	PROPN
fsr-3397	60	29	�	�	PROPN
fsr-3397	60	30	�	�	PROPN
fsr-3397	60	31	�	�	PROPN
fsr-3397	60	32	m	m	PROPN
fsr-3397	60	33	2	2	NUM
fsr-3397	60	34	�	�	PROPN
fsr-3397	60	35	�	�	PROPN
fsr-3397	60	36	�	�	PROPN
fsr-3397	60	37	2	2	NUM
fsr-3397	60	38	�	�	PROPN
fsr-3397	60	39	�	�	PROPN
fsr-3397	60	40	0.22	0.22	NUM
fsr-3397	60	41	�	�	PROPN
fsr-3397	60	42	0.346412	0.346412	NUM
fsr-3397	60	43	�	�	PROPN
fsr-3397	60	44	0.4	0.4	NUM
fsr-3397	60	45	�	�	PROPN
fsr-3397	60	46	40	40	NUM
fsr-3397	60	47	%	%	NOUN
fsr-3397	60	48	and	and	CCONJ
fsr-3397	60	49	the	the	DET
fsr-3397	60	50	contemporaneous	contemporaneous	ADJ
fsr-3397	60	51	correlation	correlation	NOUN
fsr-3397	60	52	between	between	ADP
fsr-3397	60	53	returns	return	NOUN
fsr-3397	60	54	of	of	ADP
fsr-3397	60	55	any	any	DET
fsr-3397	60	56	two	two	NUM
fsr-3397	60	57	stocks	stock	NOUN
fsr-3397	60	58	i	i	PRON
fsr-3397	60	59	and	and	CCONJ
fsr-3397	60	60	j	j	PROPN
fsr-3397	60	61	in	in	ADP
fsr-3397	60	62	the	the	DET
fsr-3397	60	63	same	same	ADJ
fsr-3397	60	64	year	year	NOUN
fsr-3397	60	65	is	be	AUX
fsr-3397	60	66	�	�	PROPN
fsr-3397	60	67	ij	ij	ADJ
fsr-3397	60	68	�	�	PROPN
fsr-3397	60	69	�	�	PROPN
fsr-3397	60	70	ij	ij	PROPN
fsr-3397	60	71	�	�	PROPN
fsr-3397	60	72	i	i	PRON
fsr-3397	60	73	�	�	PROPN
fsr-3397	60	74	j	j	PROPN
fsr-3397	60	75	�	�	PROPN
fsr-3397	60	76	�	�	PROPN
fsr-3397	60	77	m	m	PROPN
fsr-3397	60	78	2	2	NUM
fsr-3397	60	79	�	�	PROPN
fsr-3397	60	80	i	i	PRON
fsr-3397	60	81	�	�	PROPN
fsr-3397	60	82	j	j	PROPN
fsr-3397	60	83	�	�	PROPN
fsr-3397	60	84	0.22	0.22	NUM
fsr-3397	60	85	0.4	0.4	NUM
fsr-3397	60	86	�	�	PROPN
fsr-3397	60	87	0.4	0.4	NUM
fsr-3397	60	88	�	�	PROPN
fsr-3397	60	89	0.25	0.25	NUM
fsr-3397	60	90	.	.	PUNCT
fsr-3397	61	1	these	these	PRON
fsr-3397	61	2	are	be	AUX
fsr-3397	61	3	the	the	DET
fsr-3397	61	4	same	same	ADJ
fsr-3397	61	5	values	value	NOUN
fsr-3397	61	6	for	for	ADP
fsr-3397	61	7	�	�	PROPN
fsr-3397	61	8	i	i	PROPN
fsr-3397	61	9	and	and	CCONJ
fsr-3397	61	10	�	�	PROPN
fsr-3397	61	11	ij	ij	NOUN
fsr-3397	61	12	used	use	VERB
fsr-3397	61	13	in	in	ADP
fsr-3397	61	14	the	the	DET
fsr-3397	61	15	simulation	simulation	NOUN
fsr-3397	61	16	of	of	ADP
fsr-3397	61	17	smith	smith	PROPN
fsr-3397	61	18	and	and	CCONJ
fsr-3397	61	19	smith	smith	PROPN
fsr-3397	61	20	(	(	PUNCT
fsr-3397	61	21	2008	2008	NUM
fsr-3397	61	22	)	)	PUNCT
fsr-3397	61	23	.	.	PUNCT
fsr-3397	62	1	in	in	ADP
fsr-3397	62	2	general	general	ADJ
fsr-3397	62	3	,	,	PUNCT
fsr-3397	62	4	investors	investor	NOUN
fsr-3397	62	5	attempting	attempt	VERB
fsr-3397	62	6	to	to	PART
fsr-3397	62	7	profit	profit	VERB
fsr-3397	62	8	from	from	ADP
fsr-3397	62	9	the	the	DET
fsr-3397	62	10	asymmetric	asymmetric	ADJ
fsr-3397	62	11	tax	tax	NOUN
fsr-3397	62	12	treatment	treatment	NOUN
fsr-3397	62	13	of	of	ADP
fsr-3397	62	14	gains	gain	NOUN
fsr-3397	62	15	and	and	CCONJ
fsr-3397	62	16	losses	loss	NOUN
fsr-3397	62	17	should	should	AUX
fsr-3397	62	18	choose	choose	VERB
fsr-3397	62	19	stocks	stock	NOUN
fsr-3397	62	20	with	with	ADP
fsr-3397	62	21	relatively	relatively	ADV
fsr-3397	62	22	high	high	ADJ
fsr-3397	62	23	volatility	volatility	NOUN
fsr-3397	62	24	and	and	CCONJ
fsr-3397	62	25	low	low	ADJ
fsr-3397	62	26	correlation.3	correlation.3	X
fsr-3397	62	27	consistent	consistent	ADJ
fsr-3397	62	28	with	with	ADP
fsr-3397	62	29	the	the	DET
fsr-3397	62	30	extensive	extensive	ADJ
fsr-3397	62	31	literature	literature	NOUN
fsr-3397	62	32	on	on	ADP
fsr-3397	62	33	market	market	NOUN
fsr-3397	62	34	efficiency	efficiency	NOUN
fsr-3397	62	35	(	(	PUNCT
fsr-3397	62	36	fama	fama	NOUN
fsr-3397	62	37	,	,	PUNCT
fsr-3397	62	38	1970	1970	NUM
fsr-3397	62	39	,	,	PUNCT
fsr-3397	62	40	1991	1991	NUM
fsr-3397	62	41	;	;	PUNCT
fsr-3397	62	42	malkiel	malkiel	PROPN
fsr-3397	62	43	,	,	PUNCT
fsr-3397	62	44	2003	2003	NUM
fsr-3397	62	45	)	)	PUNCT
fsr-3397	62	46	,	,	PUNCT
fsr-3397	62	47	there	there	PRON
fsr-3397	62	48	is	be	VERB
fsr-3397	62	49	no	no	DET
fsr-3397	62	50	serial	serial	ADJ
fsr-3397	62	51	correlation	correlation	NOUN
fsr-3397	62	52	between	between	ADP
fsr-3397	62	53	the	the	DET
fsr-3397	62	54	simulated	simulate	VERB
fsr-3397	62	55	returns	return	NOUN
fsr-3397	62	56	across	across	ADP
fsr-3397	62	57	different	different	ADJ
fsr-3397	62	58	years	year	NOUN
fsr-3397	62	59	.	.	PUNCT
fsr-3397	63	1	therefore	therefore	ADV
fsr-3397	63	2	,	,	PUNCT
fsr-3397	63	3	the	the	DET
fsr-3397	63	4	investor	investor	NOUN
fsr-3397	63	5	does	do	AUX
fsr-3397	63	6	not	not	PART
fsr-3397	63	7	attempt	attempt	VERB
fsr-3397	63	8	to	to	PART
fsr-3397	63	9	time	time	VERB
fsr-3397	63	10	the	the	DET
fsr-3397	63	11	market	market	NOUN
fsr-3397	63	12	based	base	VERB
fsr-3397	63	13	on	on	ADP
fsr-3397	63	14	a	a	DET
fsr-3397	63	15	momentum	momentum	NOUN
fsr-3397	63	16	or	or	CCONJ
fsr-3397	63	17	reversal	reversal	NOUN
fsr-3397	63	18	strategy	strategy	NOUN
fsr-3397	63	19	,	,	PUNCT
fsr-3397	63	20	but	but	CCONJ
fsr-3397	63	21	makes	make	VERB
fsr-3397	63	22	trading	trading	NOUN
fsr-3397	63	23	decisions	decision	NOUN
fsr-3397	63	24	each	each	DET
fsr-3397	63	25	year	year	NOUN
fsr-3397	63	26	based	base	VERB
fsr-3397	63	27	solely	solely	ADV
fsr-3397	63	28	on	on	ADP
fsr-3397	63	29	tax	tax	NOUN
fsr-3397	63	30	efficiency	efficiency	NOUN
fsr-3397	63	31	and	and	CCONJ
fsr-3397	63	32	portfolio	portfolio	NOUN
fsr-3397	63	33	diversification	diversification	NOUN
fsr-3397	63	34	.	.	PUNCT
fsr-3397	64	1	we	we	PRON
fsr-3397	64	2	consider	consider	VERB
fsr-3397	64	3	three	three	NUM
fsr-3397	64	4	possible	possible	ADJ
fsr-3397	64	5	rules	rule	NOUN
fsr-3397	64	6	for	for	ADP
fsr-3397	64	7	deciding	decide	VERB
fsr-3397	64	8	when	when	SCONJ
fsr-3397	64	9	to	to	PART
fsr-3397	64	10	sell	sell	VERB
fsr-3397	64	11	stocks	stock	NOUN
fsr-3397	64	12	:	:	PUNCT
fsr-3397	64	13	1	1	X
fsr-3397	64	14	.	.	X
fsr-3397	64	15	buy	buy	VERB
fsr-3397	64	16	and	and	CCONJ
fsr-3397	64	17	hold	hold	VERB
fsr-3397	64	18	:	:	PUNCT
fsr-3397	64	19	no	no	DET
fsr-3397	64	20	stocks	stock	NOUN
fsr-3397	64	21	are	be	AUX
fsr-3397	64	22	ever	ever	ADV
fsr-3397	64	23	sold	sell	VERB
fsr-3397	64	24	,	,	PUNCT
fsr-3397	64	25	regardless	regardless	ADV
fsr-3397	64	26	of	of	ADP
fsr-3397	64	27	gains	gain	NOUN
fsr-3397	64	28	or	or	CCONJ
fsr-3397	64	29	losses	loss	NOUN
fsr-3397	64	30	incurred	incur	VERB
fsr-3397	64	31	.	.	PUNCT
fsr-3397	65	1	2	2	X
fsr-3397	65	2	.	.	X
fsr-3397	65	3	realize	realize	VERB
fsr-3397	65	4	losses	loss	NOUN
fsr-3397	65	5	only	only	ADV
fsr-3397	65	6	:	:	PUNCT
fsr-3397	65	7	each	each	DET
fsr-3397	65	8	lot	lot	NOUN
fsr-3397	65	9	of	of	ADP
fsr-3397	65	10	stock	stock	NOUN
fsr-3397	65	11	that	that	PRON
fsr-3397	65	12	has	have	AUX
fsr-3397	65	13	declined	decline	VERB
fsr-3397	65	14	below	below	ADP
fsr-3397	65	15	its	its	PRON
fsr-3397	65	16	original	original	ADJ
fsr-3397	65	17	cost	cost	NOUN
fsr-3397	65	18	basis	basis	NOUN
fsr-3397	65	19	is	be	AUX
fsr-3397	65	20	sold	sell	VERB
fsr-3397	65	21	so	so	SCONJ
fsr-3397	65	22	that	that	SCONJ
fsr-3397	65	23	up	up	ADP
fsr-3397	65	24	to	to	PART
fsr-3397	65	25	$	$	SYM
fsr-3397	65	26	3,000	3,000	NUM
fsr-3397	65	27	of	of	ADP
fsr-3397	65	28	capital	capital	NOUN
fsr-3397	65	29	losses	loss	NOUN
fsr-3397	65	30	can	can	AUX
fsr-3397	65	31	be	be	AUX
fsr-3397	65	32	deducted	deduct	VERB
fsr-3397	65	33	against	against	ADP
fsr-3397	65	34	ordinary	ordinary	ADJ
fsr-3397	65	35	income	income	NOUN
fsr-3397	65	36	each	each	DET
fsr-3397	65	37	year	year	NOUN
fsr-3397	65	38	.	.	PUNCT
fsr-3397	66	1	any	any	DET
fsr-3397	66	2	losses	loss	NOUN
fsr-3397	66	3	in	in	ADP
fsr-3397	66	4	excess	excess	NOUN
fsr-3397	66	5	of	of	ADP
fsr-3397	66	6	$	$	SYM
fsr-3397	66	7	3,000	3,000	NUM
fsr-3397	66	8	are	be	AUX
fsr-3397	66	9	carried	carry	VERB
fsr-3397	66	10	forward	forward	ADV
fsr-3397	66	11	to	to	ADP
fsr-3397	66	12	future	future	ADJ
fsr-3397	66	13	years	year	NOUN
fsr-3397	66	14	.	.	PUNCT
fsr-3397	67	1	3	3	X
fsr-3397	67	2	.	.	X
fsr-3397	67	3	realize	realize	VERB
fsr-3397	67	4	losses	loss	NOUN
fsr-3397	67	5	and	and	CCONJ
fsr-3397	67	6	“	"	PUNCT
fsr-3397	67	7	rebalancing	rebalancing	NOUN
fsr-3397	67	8	gains	gain	NOUN
fsr-3397	67	9	”	"	PUNCT
fsr-3397	67	10	:	:	PUNCT
fsr-3397	67	11	as	as	SCONJ
fsr-3397	67	12	explained	explain	VERB
fsr-3397	67	13	in	in	ADP
fsr-3397	67	14	smith	smith	PROPN
fsr-3397	67	15	and	and	CCONJ
fsr-3397	67	16	smith	smith	PROPN
fsr-3397	67	17	(	(	PUNCT
fsr-3397	67	18	2008	2008	NUM
fsr-3397	67	19	)	)	PUNCT
fsr-3397	67	20	,	,	PUNCT
fsr-3397	67	21	all	all	DET
fsr-3397	67	22	losses	loss	NOUN
fsr-3397	67	23	are	be	AUX
fsr-3397	67	24	realized	realize	VERB
fsr-3397	67	25	,	,	PUNCT
fsr-3397	67	26	but	but	CCONJ
fsr-3397	67	27	the	the	DET
fsr-3397	67	28	investor	investor	NOUN
fsr-3397	67	29	also	also	ADV
fsr-3397	67	30	realizes	realize	VERB
fsr-3397	67	31	enough	enough	ADJ
fsr-3397	67	32	gains	gain	NOUN
fsr-3397	67	33	to	to	PART
fsr-3397	67	34	offset	offset	VERB
fsr-3397	67	35	any	any	DET
fsr-3397	67	36	losses	loss	NOUN
fsr-3397	67	37	in	in	ADP
fsr-3397	67	38	excess	excess	NOUN
fsr-3397	67	39	of	of	ADP
fsr-3397	67	40	$	$	SYM
fsr-3397	67	41	3,000	3,000	NUM
fsr-3397	67	42	.	.	PUNCT
fsr-3397	68	1	to	to	PART
fsr-3397	68	2	keep	keep	VERB
fsr-3397	68	3	the	the	DET
fsr-3397	68	4	portfolio	portfolio	NOUN
fsr-3397	68	5	as	as	ADV
fsr-3397	68	6	balanced	balanced	ADJ
fsr-3397	68	7	as	as	ADP
fsr-3397	68	8	possible	possible	ADJ
fsr-3397	68	9	,	,	PUNCT
fsr-3397	68	10	shares	share	NOUN
fsr-3397	68	11	of	of	ADP
fsr-3397	68	12	the	the	DET
fsr-3397	68	13	stock	stock	NOUN
fsr-3397	68	14	comprising	comprise	VERB
fsr-3397	68	15	the	the	DET
fsr-3397	68	16	largest	large	ADJ
fsr-3397	68	17	portion	portion	NOUN
fsr-3397	68	18	of	of	ADP
fsr-3397	68	19	the	the	DET
fsr-3397	68	20	portfolio	portfolio	NOUN
fsr-3397	68	21	are	be	AUX
fsr-3397	68	22	sold	sell	VERB
fsr-3397	68	23	first	first	ADV
fsr-3397	68	24	until	until	SCONJ
fsr-3397	68	25	its	its	PRON
fsr-3397	68	26	weight	weight	NOUN
fsr-3397	68	27	equals	equal	VERB
fsr-3397	68	28	that	that	PRON
fsr-3397	68	29	of	of	ADP
fsr-3397	68	30	the	the	DET
fsr-3397	68	31	second	second	ADV
fsr-3397	68	32	largest	large	ADJ
fsr-3397	68	33	stock	stock	NOUN
fsr-3397	68	34	,	,	PUNCT
fsr-3397	68	35	then	then	ADV
fsr-3397	68	36	shares	share	NOUN
fsr-3397	68	37	of	of	ADP
fsr-3397	68	38	the	the	DET
fsr-3397	68	39	first	first	ADJ
fsr-3397	68	40	two	two	NUM
fsr-3397	68	41	stocks	stock	NOUN
fsr-3397	68	42	are	be	AUX
fsr-3397	68	43	sold	sell	VERB
fsr-3397	68	44	until	until	SCONJ
fsr-3397	68	45	their	their	PRON
fsr-3397	68	46	respective	respective	ADJ
fsr-3397	68	47	weights	weight	NOUN
fsr-3397	68	48	equal	equal	ADJ
fsr-3397	68	49	that	that	PRON
fsr-3397	68	50	of	of	ADP
fsr-3397	68	51	the	the	DET
fsr-3397	68	52	third	third	ADJ
fsr-3397	68	53	,	,	PUNCT
fsr-3397	68	54	and	and	CCONJ
fsr-3397	68	55	so	so	ADV
fsr-3397	68	56	on	on	ADV
fsr-3397	68	57	until	until	SCONJ
fsr-3397	68	58	(	(	PUNCT
fsr-3397	68	59	a	a	X
fsr-3397	68	60	)	)	PUNCT
fsr-3397	68	61	all	all	DET
fsr-3397	68	62	excess	excess	ADJ
fsr-3397	68	63	losses	loss	NOUN
fsr-3397	68	64	have	have	AUX
fsr-3397	68	65	been	be	AUX
fsr-3397	68	66	offset	offset	VERB
fsr-3397	68	67	,	,	PUNCT
fsr-3397	68	68	or	or	CCONJ
fsr-3397	68	69	(	(	PUNCT
fsr-3397	68	70	b	b	X
fsr-3397	68	71	)	)	PUNCT
fsr-3397	68	72	there	there	PRON
fsr-3397	68	73	are	be	VERB
fsr-3397	68	74	no	no	DET
fsr-3397	68	75	more	more	ADJ
fsr-3397	68	76	gains	gain	NOUN
fsr-3397	68	77	in	in	ADP
fsr-3397	68	78	the	the	DET
fsr-3397	68	79	portfolio	portfolio	NOUN
fsr-3397	68	80	to	to	PART
fsr-3397	68	81	realize.4	realize.4	VERB
fsr-3397	68	82	at	at	ADP
fsr-3397	68	83	the	the	DET
fsr-3397	68	84	end	end	NOUN
fsr-3397	68	85	of	of	ADP
fsr-3397	68	86	each	each	DET
fsr-3397	68	87	year	year	NOUN
fsr-3397	68	88	,	,	PUNCT
fsr-3397	68	89	regardless	regardless	ADV
fsr-3397	68	90	of	of	ADP
fsr-3397	68	91	how	how	SCONJ
fsr-3397	68	92	the	the	DET
fsr-3397	68	93	market	market	NOUN
fsr-3397	68	94	has	have	AUX
fsr-3397	68	95	performed	perform	VERB
fsr-3397	68	96	,	,	PUNCT
fsr-3397	68	97	the	the	DET
fsr-3397	68	98	investor	investor	NOUN
fsr-3397	68	99	donates	donate	VERB
fsr-3397	68	100	a	a	DET
fsr-3397	68	101	fixed	fix	VERB
fsr-3397	68	102	percentage	percentage	NOUN
fsr-3397	68	103	(	(	PUNCT
fsr-3397	68	104	either	either	CCONJ
fsr-3397	68	105	0	0	NUM
fsr-3397	68	106	%	%	NOUN
fsr-3397	68	107	,	,	PUNCT
fsr-3397	68	108	5	5	NUM
fsr-3397	68	109	%	%	NOUN
fsr-3397	68	110	,	,	PUNCT
fsr-3397	68	111	or	or	CCONJ
fsr-3397	68	112	10	10	NUM
fsr-3397	68	113	%	%	NOUN
fsr-3397	68	114	)	)	PUNCT
fsr-3397	68	115	of	of	ADP
fsr-3397	68	116	his	his	PRON
fsr-3397	68	117	or	or	CCONJ
fsr-3397	68	118	her	her	PRON
fsr-3397	68	119	wage	wage	NOUN
fsr-3397	68	120	income	income	NOUN
fsr-3397	68	121	to	to	ADP
fsr-3397	68	122	charity	charity	NOUN
fsr-3397	68	123	.	.	PUNCT
fsr-3397	69	1	260	260	NUM
fsr-3397	69	2	j.	j.	PROPN
fsr-3397	69	3	whitworth	whitworth	PROPN
fsr-3397	69	4	/	/	SYM
fsr-3397	69	5	financial	financial	ADJ
fsr-3397	69	6	services	service	NOUN
fsr-3397	69	7	review	review	VERB
fsr-3397	69	8	27	27	NUM
fsr-3397	69	9	(	(	PUNCT
fsr-3397	69	10	2018	2018	NUM
fsr-3397	69	11	)	)	PUNCT
fsr-3397	69	12	257	257	NUM
fsr-3397	69	13	-	-	SYM
fsr-3397	69	14	277	277	NUM
fsr-3397	69	15	to	to	ADP
fsr-3397	69	16	the	the	DET
fsr-3397	69	17	maximum	maximum	ADJ
fsr-3397	69	18	extent	extent	NOUN
fsr-3397	69	19	possible	possible	ADJ
fsr-3397	69	20	,	,	PUNCT
fsr-3397	69	21	the	the	DET
fsr-3397	69	22	investor	investor	NOUN
fsr-3397	69	23	contributes	contribute	VERB
fsr-3397	69	24	appreciated	appreciated	ADJ
fsr-3397	69	25	shares	share	NOUN
fsr-3397	69	26	in	in	ADP
fsr-3397	69	27	lieu	lieu	NOUN
fsr-3397	69	28	of	of	ADP
fsr-3397	69	29	cash	cash	NOUN
fsr-3397	69	30	,	,	PUNCT
fsr-3397	69	31	and	and	CCONJ
fsr-3397	69	32	then	then	ADV
fsr-3397	69	33	replenishes	replenish	VERB
fsr-3397	69	34	the	the	DET
fsr-3397	69	35	portfolio	portfolio	NOUN
fsr-3397	69	36	with	with	ADP
fsr-3397	69	37	any	any	DET
fsr-3397	69	38	cash	cash	NOUN
fsr-3397	69	39	that	that	PRON
fsr-3397	69	40	otherwise	otherwise	ADV
fsr-3397	69	41	would	would	AUX
fsr-3397	69	42	have	have	AUX
fsr-3397	69	43	been	be	AUX
fsr-3397	69	44	donated	donate	VERB
fsr-3397	69	45	.	.	PUNCT
fsr-3397	70	1	this	this	DET
fsr-3397	70	2	substitution	substitution	NOUN
fsr-3397	70	3	does	do	AUX
fsr-3397	70	4	not	not	PART
fsr-3397	70	5	change	change	VERB
fsr-3397	70	6	the	the	DET
fsr-3397	70	7	portfolio	portfolio	NOUN
fsr-3397	70	8	’s	’s	PART
fsr-3397	70	9	value	value	NOUN
fsr-3397	70	10	,	,	PUNCT
fsr-3397	70	11	but	but	CCONJ
fsr-3397	70	12	it	it	PRON
fsr-3397	70	13	does	do	AUX
fsr-3397	70	14	erase	erase	VERB
fsr-3397	70	15	the	the	DET
fsr-3397	70	16	accrued	accrue	VERB
fsr-3397	70	17	capital	capital	NOUN
fsr-3397	70	18	gains	gain	NOUN
fsr-3397	70	19	tax	tax	NOUN
fsr-3397	70	20	liability	liability	NOUN
fsr-3397	70	21	on	on	ADP
fsr-3397	70	22	the	the	DET
fsr-3397	70	23	donated	donate	VERB
fsr-3397	70	24	shares	share	NOUN
fsr-3397	70	25	,	,	PUNCT
fsr-3397	70	26	effectively	effectively	ADV
fsr-3397	70	27	raising	raise	VERB
fsr-3397	70	28	the	the	DET
fsr-3397	70	29	basis	basis	NOUN
fsr-3397	70	30	on	on	ADP
fsr-3397	70	31	that	that	DET
fsr-3397	70	32	part	part	NOUN
fsr-3397	70	33	of	of	ADP
fsr-3397	70	34	the	the	DET
fsr-3397	70	35	portfolio	portfolio	NOUN
fsr-3397	70	36	to	to	ADP
fsr-3397	70	37	current	current	ADJ
fsr-3397	70	38	market	market	NOUN
fsr-3397	70	39	value	value	NOUN
fsr-3397	70	40	.	.	PUNCT
fsr-3397	71	1	to	to	PART
fsr-3397	71	2	obtain	obtain	VERB
fsr-3397	71	3	the	the	DET
fsr-3397	71	4	maximum	maximum	ADJ
fsr-3397	71	5	tax	tax	NOUN
fsr-3397	71	6	benefit	benefit	NOUN
fsr-3397	71	7	,	,	PUNCT
fsr-3397	71	8	the	the	DET
fsr-3397	71	9	investor	investor	NOUN
fsr-3397	71	10	uses	use	VERB
fsr-3397	71	11	a	a	DET
fsr-3397	71	12	“	"	PUNCT
fsr-3397	71	13	lowest	low	ADJ
fsr-3397	71	14	in	in	ADP
fsr-3397	71	15	,	,	PUNCT
fsr-3397	71	16	first	first	ADV
fsr-3397	71	17	out	out	ADJ
fsr-3397	71	18	”	"	PUNCT
fsr-3397	71	19	technique	technique	NOUN
fsr-3397	71	20	—	—	PUNCT
fsr-3397	71	21	donating	donate	VERB
fsr-3397	71	22	shares	share	NOUN
fsr-3397	71	23	from	from	ADP
fsr-3397	71	24	the	the	DET
fsr-3397	71	25	lot	lot	NOUN
fsr-3397	71	26	with	with	ADP
fsr-3397	71	27	the	the	DET
fsr-3397	71	28	lowest	low	ADJ
fsr-3397	71	29	basis	basis	NOUN
fsr-3397	71	30	-	-	PUNCT
fsr-3397	71	31	to	to	ADP
fsr-3397	71	32	-	-	PUNCT
fsr-3397	71	33	value	value	NOUN
fsr-3397	71	34	ratio	ratio	NOUN
fsr-3397	71	35	(	(	PUNCT
fsr-3397	71	36	i.e.	i.e.	X
fsr-3397	71	37	,	,	PUNCT
fsr-3397	71	38	largest	large	ADJ
fsr-3397	71	39	percentage	percentage	NOUN
fsr-3397	71	40	gain	gain	NOUN
fsr-3397	71	41	)	)	PUNCT
fsr-3397	71	42	,	,	PUNCT
fsr-3397	71	43	then	then	ADV
fsr-3397	71	44	the	the	DET
fsr-3397	71	45	second	second	ADJ
fsr-3397	71	46	lowest	low	ADJ
fsr-3397	71	47	ratio	ratio	NOUN
fsr-3397	71	48	,	,	PUNCT
fsr-3397	71	49	and	and	CCONJ
fsr-3397	71	50	so	so	ADV
fsr-3397	71	51	on	on	ADV
fsr-3397	71	52	until	until	SCONJ
fsr-3397	71	53	the	the	DET
fsr-3397	71	54	entire	entire	ADJ
fsr-3397	71	55	planned	plan	VERB
fsr-3397	71	56	donation	donation	NOUN
fsr-3397	71	57	has	have	AUX
fsr-3397	71	58	been	be	AUX
fsr-3397	71	59	made	make	VERB
fsr-3397	71	60	.	.	PUNCT
fsr-3397	72	1	if	if	SCONJ
fsr-3397	72	2	at	at	ADP
fsr-3397	72	3	any	any	DET
fsr-3397	72	4	point	point	NOUN
fsr-3397	72	5	there	there	PRON
fsr-3397	72	6	are	be	VERB
fsr-3397	72	7	no	no	DET
fsr-3397	72	8	more	more	ADJ
fsr-3397	72	9	stocks	stock	NOUN
fsr-3397	72	10	in	in	ADP
fsr-3397	72	11	the	the	DET
fsr-3397	72	12	portfolio	portfolio	NOUN
fsr-3397	72	13	with	with	ADP
fsr-3397	72	14	accrued	accrued	ADJ
fsr-3397	72	15	gains	gain	NOUN
fsr-3397	72	16	,	,	PUNCT
fsr-3397	72	17	then	then	ADV
fsr-3397	72	18	the	the	DET
fsr-3397	72	19	remainder	remainder	NOUN
fsr-3397	72	20	of	of	ADP
fsr-3397	72	21	the	the	DET
fsr-3397	72	22	donation	donation	NOUN
fsr-3397	72	23	is	be	AUX
fsr-3397	72	24	made	make	VERB
fsr-3397	72	25	in	in	ADP
fsr-3397	72	26	cash	cash	NOUN
fsr-3397	72	27	as	as	SCONJ
fsr-3397	72	28	originally	originally	ADV
fsr-3397	72	29	planned	plan	VERB
fsr-3397	72	30	.	.	PUNCT
fsr-3397	73	1	along	along	ADP
fsr-3397	73	2	with	with	ADP
fsr-3397	73	3	the	the	DET
fsr-3397	73	4	cash	cash	NOUN
fsr-3397	73	5	that	that	PRON
fsr-3397	73	6	had	have	AUX
fsr-3397	73	7	been	be	AUX
fsr-3397	73	8	earmarked	earmark	VERB
fsr-3397	73	9	but	but	CCONJ
fsr-3397	73	10	not	not	PART
fsr-3397	73	11	used	use	VERB
fsr-3397	73	12	for	for	ADP
fsr-3397	73	13	donation	donation	NOUN
fsr-3397	73	14	,	,	PUNCT
fsr-3397	73	15	the	the	DET
fsr-3397	73	16	individual	individual	NOUN
fsr-3397	73	17	immediately	immediately	ADV
fsr-3397	73	18	uses	use	VERB
fsr-3397	73	19	any	any	DET
fsr-3397	73	20	proceeds	proceed	NOUN
fsr-3397	73	21	from	from	ADP
fsr-3397	73	22	selling	sell	VERB
fsr-3397	73	23	stocks	stock	NOUN
fsr-3397	73	24	(	(	PUNCT
fsr-3397	73	25	including	include	VERB
fsr-3397	73	26	the	the	DET
fsr-3397	73	27	tax	tax	NOUN
fsr-3397	73	28	savings	saving	NOUN
fsr-3397	73	29	from	from	ADP
fsr-3397	73	30	harvesting	harvest	VERB
fsr-3397	73	31	capital	capital	NOUN
fsr-3397	73	32	losses	loss	NOUN
fsr-3397	73	33	)	)	PUNCT
fsr-3397	73	34	to	to	PART
fsr-3397	73	35	purchase	purchase	VERB
fsr-3397	73	36	new	new	ADJ
fsr-3397	73	37	shares	share	NOUN
fsr-3397	73	38	.	.	PUNCT
fsr-3397	74	1	for	for	ADP
fsr-3397	74	2	optimal	optimal	ADJ
fsr-3397	74	3	diversification	diversification	NOUN
fsr-3397	74	4	,	,	PUNCT
fsr-3397	74	5	funds	fund	NOUN
fsr-3397	74	6	are	be	AUX
fsr-3397	74	7	invested	invest	VERB
fsr-3397	74	8	first	first	ADV
fsr-3397	74	9	in	in	ADP
fsr-3397	74	10	the	the	DET
fsr-3397	74	11	stock	stock	NOUN
fsr-3397	74	12	with	with	ADP
fsr-3397	74	13	the	the	DET
fsr-3397	74	14	smallest	small	ADJ
fsr-3397	74	15	portfolio	portfolio	NOUN
fsr-3397	74	16	weight	weight	NOUN
fsr-3397	74	17	until	until	SCONJ
fsr-3397	74	18	its	its	PRON
fsr-3397	74	19	weight	weight	NOUN
fsr-3397	74	20	equals	equal	VERB
fsr-3397	74	21	that	that	PRON
fsr-3397	74	22	of	of	ADP
fsr-3397	74	23	the	the	DET
fsr-3397	74	24	second	second	ADJ
fsr-3397	74	25	smallest	small	ADJ
fsr-3397	74	26	stock	stock	NOUN
fsr-3397	74	27	,	,	PUNCT
fsr-3397	74	28	then	then	ADV
fsr-3397	74	29	in	in	ADP
fsr-3397	74	30	the	the	DET
fsr-3397	74	31	smallest	small	ADJ
fsr-3397	74	32	two	two	NUM
fsr-3397	74	33	stocks	stock	NOUN
fsr-3397	74	34	until	until	SCONJ
fsr-3397	74	35	their	their	PRON
fsr-3397	74	36	respective	respective	ADJ
fsr-3397	74	37	weights	weight	NOUN
fsr-3397	74	38	equal	equal	ADJ
fsr-3397	74	39	that	that	PRON
fsr-3397	74	40	of	of	ADP
fsr-3397	74	41	the	the	DET
fsr-3397	74	42	third	third	ADJ
fsr-3397	74	43	smallest	small	ADJ
fsr-3397	74	44	,	,	PUNCT
fsr-3397	74	45	and	and	CCONJ
fsr-3397	74	46	so	so	ADV
fsr-3397	74	47	on	on	ADV
fsr-3397	74	48	until	until	SCONJ
fsr-3397	74	49	all	all	DET
fsr-3397	74	50	cash	cash	NOUN
fsr-3397	74	51	has	have	AUX
fsr-3397	74	52	been	be	AUX
fsr-3397	74	53	invested.5	invested.5	PROPN
fsr-3397	74	54	this	this	DET
fsr-3397	74	55	process	process	NOUN
fsr-3397	74	56	is	be	AUX
fsr-3397	74	57	repeated	repeat	VERB
fsr-3397	74	58	for	for	ADP
fsr-3397	74	59	each	each	DET
fsr-3397	74	60	year	year	NOUN
fsr-3397	74	61	in	in	ADP
fsr-3397	74	62	the	the	DET
fsr-3397	74	63	investment	investment	NOUN
fsr-3397	74	64	time	time	NOUN
fsr-3397	74	65	horizon	horizon	NOUN
fsr-3397	74	66	(	(	PUNCT
fsr-3397	74	67	that	that	PRON
fsr-3397	74	68	is	be	AUX
fsr-3397	74	69	assumed	assume	VERB
fsr-3397	74	70	to	to	PART
fsr-3397	74	71	be	be	AUX
fsr-3397	74	72	either	either	DET
fsr-3397	74	73	10	10	NUM
fsr-3397	74	74	,	,	PUNCT
fsr-3397	74	75	20	20	NUM
fsr-3397	74	76	,	,	PUNCT
fsr-3397	74	77	30	30	NUM
fsr-3397	74	78	,	,	PUNCT
fsr-3397	74	79	40	40	NUM
fsr-3397	74	80	,	,	PUNCT
fsr-3397	74	81	or	or	CCONJ
fsr-3397	74	82	50	50	NUM
fsr-3397	74	83	years	year	NOUN
fsr-3397	74	84	)	)	PUNCT
fsr-3397	74	85	,	,	PUNCT
fsr-3397	74	86	after	after	ADP
fsr-3397	74	87	which	which	PRON
fsr-3397	74	88	the	the	DET
fsr-3397	74	89	portfolio	portfolio	NOUN
fsr-3397	74	90	is	be	AUX
fsr-3397	74	91	liquidated	liquidate	VERB
fsr-3397	74	92	and	and	CCONJ
fsr-3397	74	93	long	long	ADJ
fsr-3397	74	94	-	-	PUNCT
fsr-3397	74	95	term	term	NOUN
fsr-3397	74	96	capital	capital	NOUN
fsr-3397	74	97	gains	gain	NOUN
fsr-3397	74	98	taxes	taxis	NOUN
fsr-3397	74	99	are	be	AUX
fsr-3397	74	100	finally	finally	ADV
fsr-3397	74	101	paid	pay	VERB
fsr-3397	74	102	on	on	ADP
fsr-3397	74	103	the	the	DET
fsr-3397	74	104	difference	difference	NOUN
fsr-3397	74	105	between	between	ADP
fsr-3397	74	106	its	its	PRON
fsr-3397	74	107	total	total	ADJ
fsr-3397	74	108	market	market	NOUN
fsr-3397	74	109	value	value	NOUN
fsr-3397	74	110	and	and	CCONJ
fsr-3397	74	111	cost	cost	NOUN
fsr-3397	74	112	basis	basis	NOUN
fsr-3397	74	113	.	.	PUNCT
fsr-3397	75	1	for	for	ADP
fsr-3397	75	2	each	each	DET
fsr-3397	75	3	possible	possible	ADJ
fsr-3397	75	4	selling	selling	NOUN
fsr-3397	75	5	criterion	criterion	NOUN
fsr-3397	75	6	,	,	PUNCT
fsr-3397	75	7	charitable	charitable	ADJ
fsr-3397	75	8	contribution	contribution	NOUN
fsr-3397	75	9	level	level	NOUN
fsr-3397	75	10	,	,	PUNCT
fsr-3397	75	11	and	and	CCONJ
fsr-3397	75	12	time	time	NOUN
fsr-3397	75	13	horizon	horizon	PROPN
fsr-3397	75	14	,	,	PUNCT
fsr-3397	75	15	one	one	NUM
fsr-3397	75	16	million	million	NUM
fsr-3397	75	17	simulations	simulation	NOUN
fsr-3397	75	18	are	be	AUX
fsr-3397	75	19	run	run	VERB
fsr-3397	75	20	as	as	SCONJ
fsr-3397	75	21	described	describe	VERB
fsr-3397	75	22	above	above	ADV
fsr-3397	75	23	.	.	PUNCT
fsr-3397	76	1	the	the	DET
fsr-3397	76	2	next	next	ADJ
fsr-3397	76	3	section	section	NOUN
fsr-3397	76	4	discusses	discuss	VERB
fsr-3397	76	5	the	the	DET
fsr-3397	76	6	resulting	result	VERB
fsr-3397	76	7	statistics	statistic	NOUN
fsr-3397	76	8	on	on	ADP
fsr-3397	76	9	terminal	terminal	ADJ
fsr-3397	76	10	wealth	wealth	NOUN
fsr-3397	76	11	,	,	PUNCT
fsr-3397	76	12	portfolio	portfolio	NOUN
fsr-3397	76	13	diversification	diversification	NOUN
fsr-3397	76	14	,	,	PUNCT
fsr-3397	76	15	and	and	CCONJ
fsr-3397	76	16	risk	risk	NOUN
fsr-3397	76	17	for	for	ADP
fsr-3397	76	18	each	each	DET
fsr-3397	76	19	scenario	scenario	NOUN
fsr-3397	76	20	.	.	PUNCT
fsr-3397	77	1	3	3	X
fsr-3397	77	2	.	.	X
fsr-3397	77	3	simulation	simulation	NOUN
fsr-3397	77	4	results	result	VERB
fsr-3397	77	5	3.1	3.1	NUM
fsr-3397	77	6	.	.	PUNCT
fsr-3397	78	1	mean	mean	VERB
fsr-3397	78	2	and	and	CCONJ
fsr-3397	78	3	median	median	ADJ
fsr-3397	78	4	effect	effect	NOUN
fsr-3397	78	5	on	on	ADP
fsr-3397	78	6	terminal	terminal	ADJ
fsr-3397	78	7	wealth	wealth	NOUN
fsr-3397	78	8	table	table	NOUN
fsr-3397	78	9	1	1	NUM
fsr-3397	78	10	reports	report	VERB
fsr-3397	78	11	the	the	DET
fsr-3397	78	12	mean	mean	ADJ
fsr-3397	78	13	and	and	CCONJ
fsr-3397	78	14	median	median	ADJ
fsr-3397	78	15	ratios	ratio	NOUN
fsr-3397	78	16	of	of	ADP
fsr-3397	78	17	an	an	DET
fsr-3397	78	18	investor	investor	NOUN
fsr-3397	78	19	’s	’s	PART
fsr-3397	78	20	after	after	ADP
fsr-3397	78	21	-	-	PUNCT
fsr-3397	78	22	tax	tax	NOUN
fsr-3397	78	23	terminal	terminal	NOUN
fsr-3397	78	24	wealth	wealth	NOUN
fsr-3397	78	25	from	from	ADP
fsr-3397	78	26	alternative	alternative	ADJ
fsr-3397	78	27	tax	tax	NOUN
fsr-3397	78	28	-	-	PUNCT
fsr-3397	78	29	efficient	efficient	ADJ
fsr-3397	78	30	strategies	strategy	NOUN
fsr-3397	78	31	versus	versus	ADP
fsr-3397	78	32	a	a	DET
fsr-3397	78	33	pure	pure	ADJ
fsr-3397	78	34	buy	buy	NOUN
fsr-3397	78	35	-	-	PUNCT
fsr-3397	78	36	and	and	CCONJ
fsr-3397	78	37	-	-	PUNCT
fsr-3397	78	38	hold	hold	VERB
fsr-3397	78	39	strategy	strategy	NOUN
fsr-3397	78	40	.	.	PUNCT
fsr-3397	79	1	results	result	NOUN
fsr-3397	79	2	are	be	AUX
fsr-3397	79	3	shown	show	VERB
fsr-3397	79	4	for	for	ADP
fsr-3397	79	5	annual	annual	ADJ
fsr-3397	79	6	charitable	charitable	ADJ
fsr-3397	79	7	contribution	contribution	NOUN
fsr-3397	79	8	levels	level	NOUN
fsr-3397	79	9	of	of	ADP
fsr-3397	79	10	up	up	ADP
fsr-3397	79	11	to	to	PART
fsr-3397	79	12	10	10	NUM
fsr-3397	79	13	%	%	NOUN
fsr-3397	79	14	,	,	PUNCT
fsr-3397	79	15	and	and	CCONJ
fsr-3397	79	16	for	for	ADP
fsr-3397	79	17	time	time	NOUN
fsr-3397	79	18	horizons	horizon	NOUN
fsr-3397	79	19	up	up	ADP
fsr-3397	79	20	to	to	PART
fsr-3397	79	21	50	50	NUM
fsr-3397	79	22	years	year	NOUN
fsr-3397	79	23	.	.	PUNCT
fsr-3397	80	1	regardless	regardless	ADV
fsr-3397	80	2	of	of	ADP
fsr-3397	80	3	whether	whether	SCONJ
fsr-3397	80	4	the	the	DET
fsr-3397	80	5	investor	investor	NOUN
fsr-3397	80	6	realizes	realize	VERB
fsr-3397	80	7	capital	capital	NOUN
fsr-3397	80	8	gains	gain	NOUN
fsr-3397	80	9	and/or	and/or	CCONJ
fsr-3397	80	10	losses	loss	NOUN
fsr-3397	80	11	,	,	PUNCT
fsr-3397	80	12	donating	donate	VERB
fsr-3397	80	13	appreciated	appreciated	ADJ
fsr-3397	80	14	stock	stock	NOUN
fsr-3397	80	15	instead	instead	ADV
fsr-3397	80	16	of	of	ADP
fsr-3397	80	17	cash	cash	NOUN
fsr-3397	80	18	significantly	significantly	ADV
fsr-3397	80	19	increases	increase	VERB
fsr-3397	80	20	terminal	terminal	ADJ
fsr-3397	80	21	wealth	wealth	NOUN
fsr-3397	80	22	,	,	PUNCT
fsr-3397	80	23	and	and	CCONJ
fsr-3397	80	24	the	the	DET
fsr-3397	80	25	more	more	ADJ
fsr-3397	80	26	one	one	NUM
fsr-3397	80	27	regularly	regularly	ADV
fsr-3397	80	28	donates	donate	VERB
fsr-3397	80	29	,	,	PUNCT
fsr-3397	80	30	the	the	PRON
fsr-3397	80	31	greater	great	ADJ
fsr-3397	80	32	the	the	DET
fsr-3397	80	33	benefit	benefit	NOUN
fsr-3397	80	34	of	of	ADP
fsr-3397	80	35	doing	do	VERB
fsr-3397	80	36	so	so	ADV
fsr-3397	80	37	with	with	ADP
fsr-3397	80	38	stock	stock	NOUN
fsr-3397	80	39	.	.	PUNCT
fsr-3397	81	1	for	for	ADP
fsr-3397	81	2	example	example	NOUN
fsr-3397	81	3	,	,	PUNCT
fsr-3397	81	4	as	as	SCONJ
fsr-3397	81	5	shown	show	VERB
fsr-3397	81	6	in	in	ADP
fsr-3397	81	7	panel	panel	NOUN
fsr-3397	81	8	a	a	PRON
fsr-3397	81	9	,	,	PUNCT
fsr-3397	81	10	an	an	DET
fsr-3397	81	11	investor	investor	NOUN
fsr-3397	81	12	who	who	PRON
fsr-3397	81	13	does	do	AUX
fsr-3397	81	14	not	not	PART
fsr-3397	81	15	harvest	harvest	VERB
fsr-3397	81	16	capital	capital	NOUN
fsr-3397	81	17	losses	loss	NOUN
fsr-3397	81	18	but	but	CCONJ
fsr-3397	81	19	does	do	AUX
fsr-3397	81	20	donate	donate	VERB
fsr-3397	81	21	10	10	NUM
fsr-3397	81	22	%	%	NOUN
fsr-3397	81	23	of	of	ADP
fsr-3397	81	24	his	his	PRON
fsr-3397	81	25	annual	annual	ADJ
fsr-3397	81	26	wage	wage	NOUN
fsr-3397	81	27	income	income	NOUN
fsr-3397	81	28	can	can	AUX
fsr-3397	81	29	realize	realize	VERB
fsr-3397	81	30	a	a	DET
fsr-3397	81	31	mean	mean	NOUN
fsr-3397	81	32	(	(	PUNCT
fsr-3397	81	33	median	median	ADJ
fsr-3397	81	34	)	)	PUNCT
fsr-3397	81	35	wealth	wealth	NOUN
fsr-3397	81	36	increase	increase	NOUN
fsr-3397	81	37	of	of	ADP
fsr-3397	81	38	33	33	NUM
fsr-3397	81	39	%	%	NOUN
fsr-3397	81	40	(	(	PUNCT
fsr-3397	81	41	26	26	NUM
fsr-3397	81	42	%	%	NOUN
fsr-3397	81	43	)	)	PUNCT
fsr-3397	81	44	over	over	ADP
fsr-3397	81	45	a	a	DET
fsr-3397	81	46	30	30	NUM
fsr-3397	81	47	-	-	PUNCT
fsr-3397	81	48	year	year	NOUN
fsr-3397	81	49	time	time	NOUN
fsr-3397	81	50	frame	frame	NOUN
fsr-3397	81	51	compared	compare	VERB
fsr-3397	81	52	with	with	ADP
fsr-3397	81	53	a	a	DET
fsr-3397	81	54	pure	pure	ADJ
fsr-3397	81	55	buy	buy	NOUN
fsr-3397	81	56	-	-	PUNCT
fsr-3397	81	57	and	and	CCONJ
fsr-3397	81	58	-	-	PUNCT
fsr-3397	81	59	hold	hold	VERB
fsr-3397	81	60	strategy	strategy	NOUN
fsr-3397	81	61	.	.	PUNCT
fsr-3397	82	1	the	the	DET
fsr-3397	82	2	benefits	benefit	NOUN
fsr-3397	82	3	are	be	AUX
fsr-3397	82	4	even	even	ADV
fsr-3397	82	5	greater	great	ADJ
fsr-3397	82	6	when	when	SCONJ
fsr-3397	82	7	using	use	VERB
fsr-3397	82	8	this	this	DET
fsr-3397	82	9	strategy	strategy	NOUN
fsr-3397	82	10	for	for	ADP
fsr-3397	82	11	longer	long	ADV
fsr-3397	82	12	.	.	PUNCT
fsr-3397	83	1	over	over	ADP
fsr-3397	83	2	40	40	NUM
fsr-3397	83	3	years	year	NOUN
fsr-3397	83	4	,	,	PUNCT
fsr-3397	83	5	the	the	DET
fsr-3397	83	6	same	same	ADJ
fsr-3397	83	7	investor	investor	NOUN
fsr-3397	83	8	ends	end	VERB
fsr-3397	83	9	up	up	ADP
fsr-3397	83	10	on	on	ADP
fsr-3397	83	11	average	average	ADJ
fsr-3397	83	12	with	with	ADP
fsr-3397	83	13	62	62	NUM
fsr-3397	83	14	%	%	NOUN
fsr-3397	83	15	more	more	ADJ
fsr-3397	83	16	wealth	wealth	NOUN
fsr-3397	83	17	versus	versus	ADP
fsr-3397	83	18	buy	buy	VERB
fsr-3397	83	19	-	-	PUNCT
fsr-3397	83	20	and	and	CCONJ
fsr-3397	83	21	-	-	PUNCT
fsr-3397	83	22	hold	hold	VERB
fsr-3397	83	23	,	,	PUNCT
fsr-3397	83	24	and	and	CCONJ
fsr-3397	83	25	over	over	ADP
fsr-3397	83	26	50	50	NUM
fsr-3397	83	27	years	year	NOUN
fsr-3397	83	28	,	,	PUNCT
fsr-3397	83	29	the	the	DET
fsr-3397	83	30	mean	mean	ADJ
fsr-3397	83	31	increase	increase	NOUN
fsr-3397	83	32	is	be	AUX
fsr-3397	83	33	107	107	NUM
fsr-3397	83	34	%	%	NOUN
fsr-3397	83	35	.	.	PUNCT
fsr-3397	84	1	although	although	SCONJ
fsr-3397	84	2	larger	large	ADJ
fsr-3397	84	3	charitable	charitable	ADJ
fsr-3397	84	4	donors	donor	NOUN
fsr-3397	84	5	certainly	certainly	ADV
fsr-3397	84	6	have	have	VERB
fsr-3397	84	7	more	more	ADJ
fsr-3397	84	8	of	of	ADP
fsr-3397	84	9	an	an	DET
fsr-3397	84	10	opportunity	opportunity	NOUN
fsr-3397	84	11	to	to	PART
fsr-3397	84	12	reap	reap	VERB
fsr-3397	84	13	the	the	DET
fsr-3397	84	14	benefits	benefit	NOUN
fsr-3397	84	15	of	of	ADP
fsr-3397	84	16	this	this	DET
fsr-3397	84	17	strategy	strategy	NOUN
fsr-3397	84	18	,	,	PUNCT
fsr-3397	84	19	significant	significant	ADJ
fsr-3397	84	20	gains	gain	NOUN
fsr-3397	84	21	are	be	AUX
fsr-3397	84	22	still	still	ADV
fsr-3397	84	23	available	available	ADJ
fsr-3397	84	24	to	to	ADP
fsr-3397	84	25	smaller	small	ADJ
fsr-3397	84	26	donors	donor	NOUN
fsr-3397	84	27	.	.	PUNCT
fsr-3397	85	1	in	in	ADP
fsr-3397	85	2	this	this	DET
fsr-3397	85	3	simulation	simulation	NOUN
fsr-3397	85	4	,	,	PUNCT
fsr-3397	85	5	a	a	DET
fsr-3397	85	6	5	5	NUM
fsr-3397	85	7	%	%	NOUN
fsr-3397	85	8	donor	donor	NOUN
fsr-3397	85	9	realizes	realize	VERB
fsr-3397	85	10	about	about	ADV
fsr-3397	85	11	two	two	NUM
fsr-3397	85	12	-	-	PUNCT
fsr-3397	85	13	thirds	third	NOUN
fsr-3397	85	14	of	of	ADP
fsr-3397	85	15	the	the	DET
fsr-3397	85	16	wealth	wealth	NOUN
fsr-3397	85	17	gain	gain	NOUN
fsr-3397	85	18	enjoyed	enjoy	VERB
fsr-3397	85	19	by	by	ADP
fsr-3397	85	20	a	a	DET
fsr-3397	85	21	10	10	NUM
fsr-3397	85	22	%	%	NOUN
fsr-3397	85	23	donor	donor	NOUN
fsr-3397	85	24	.	.	PUNCT
fsr-3397	86	1	for	for	ADP
fsr-3397	86	2	example	example	NOUN
fsr-3397	86	3	,	,	PUNCT
fsr-3397	86	4	a	a	DET
fsr-3397	86	5	5	5	NUM
fsr-3397	86	6	%	%	NOUN
fsr-3397	86	7	donor	donor	NOUN
fsr-3397	86	8	who	who	PRON
fsr-3397	86	9	contributes	contribute	VERB
fsr-3397	86	10	stock	stock	NOUN
fsr-3397	86	11	in	in	ADP
fsr-3397	86	12	lieu	lieu	NOUN
fsr-3397	86	13	of	of	ADP
fsr-3397	86	14	cash	cash	NOUN
fsr-3397	86	15	enjoys	enjoy	VERB
fsr-3397	86	16	a	a	DET
fsr-3397	86	17	mean	mean	ADJ
fsr-3397	86	18	wealth	wealth	NOUN
fsr-3397	86	19	increase	increase	NOUN
fsr-3397	86	20	261j	261j	PROPN
fsr-3397	86	21	.	.	PUNCT
fsr-3397	87	1	whitworth	whitworth	PROPN
fsr-3397	87	2	/	/	SYM
fsr-3397	87	3	financial	financial	ADJ
fsr-3397	87	4	services	service	NOUN
fsr-3397	87	5	review	review	VERB
fsr-3397	87	6	27	27	NUM
fsr-3397	87	7	(	(	PUNCT
fsr-3397	87	8	2018	2018	NUM
fsr-3397	87	9	)	)	PUNCT
fsr-3397	87	10	257	257	NUM
fsr-3397	87	11	-	-	SYM
fsr-3397	87	12	277	277	NUM
fsr-3397	87	13	of	of	ADP
fsr-3397	87	14	21	21	NUM
fsr-3397	87	15	%	%	NOUN
fsr-3397	87	16	after	after	ADP
fsr-3397	87	17	30	30	NUM
fsr-3397	87	18	years	year	NOUN
fsr-3397	87	19	,	,	PUNCT
fsr-3397	87	20	compared	compare	VERB
fsr-3397	87	21	with	with	ADP
fsr-3397	87	22	a	a	DET
fsr-3397	87	23	33	33	NUM
fsr-3397	87	24	%	%	NOUN
fsr-3397	87	25	increase	increase	NOUN
fsr-3397	87	26	for	for	ADP
fsr-3397	87	27	a	a	DET
fsr-3397	87	28	10	10	NUM
fsr-3397	87	29	%	%	NOUN
fsr-3397	87	30	donor	donor	NOUN
fsr-3397	87	31	.	.	PUNCT
fsr-3397	88	1	this	this	DET
fsr-3397	88	2	non	non	ADJ
fsr-3397	88	3	-	-	NOUN
fsr-3397	88	4	linearity	linearity	NOUN
fsr-3397	88	5	in	in	ADP
fsr-3397	88	6	the	the	DET
fsr-3397	88	7	relationship	relationship	NOUN
fsr-3397	88	8	between	between	ADP
fsr-3397	88	9	donation	donation	NOUN
fsr-3397	88	10	level	level	NOUN
fsr-3397	88	11	and	and	CCONJ
fsr-3397	88	12	terminal	terminal	ADJ
fsr-3397	88	13	wealth	wealth	NOUN
fsr-3397	88	14	exists	exist	VERB
fsr-3397	88	15	because	because	SCONJ
fsr-3397	88	16	for	for	ADP
fsr-3397	88	17	higher	high	ADJ
fsr-3397	88	18	annual	annual	ADJ
fsr-3397	88	19	giving	giving	NOUN
fsr-3397	88	20	amounts	amount	NOUN
fsr-3397	88	21	,	,	PUNCT
fsr-3397	88	22	there	there	PRON
fsr-3397	88	23	is	be	VERB
fsr-3397	88	24	a	a	DET
fsr-3397	88	25	greater	great	ADJ
fsr-3397	88	26	chance	chance	NOUN
fsr-3397	88	27	(	(	PUNCT
fsr-3397	88	28	particularly	particularly	ADV
fsr-3397	88	29	in	in	ADP
fsr-3397	88	30	down	down	ADP
fsr-3397	88	31	market	market	NOUN
fsr-3397	88	32	years	year	NOUN
fsr-3397	88	33	)	)	PUNCT
fsr-3397	88	34	of	of	ADP
fsr-3397	88	35	not	not	PART
fsr-3397	88	36	having	have	VERB
fsr-3397	88	37	enough	enough	ADJ
fsr-3397	88	38	appreciated	appreciated	ADJ
fsr-3397	88	39	stocks	stock	NOUN
fsr-3397	88	40	for	for	ADP
fsr-3397	88	41	the	the	DET
fsr-3397	88	42	full	full	ADJ
fsr-3397	88	43	intended	intended	ADJ
fsr-3397	88	44	donation	donation	NOUN
fsr-3397	88	45	,	,	PUNCT
fsr-3397	88	46	and	and	CCONJ
fsr-3397	88	47	thereby	thereby	ADV
fsr-3397	88	48	being	be	AUX
fsr-3397	88	49	unable	unable	ADJ
fsr-3397	88	50	to	to	PART
fsr-3397	88	51	take	take	VERB
fsr-3397	88	52	full	full	ADJ
fsr-3397	88	53	advantage	advantage	NOUN
fsr-3397	88	54	of	of	ADP
fsr-3397	88	55	the	the	DET
fsr-3397	88	56	accompanying	accompanying	ADJ
fsr-3397	88	57	tax	tax	NOUN
fsr-3397	88	58	benefits	benefit	NOUN
fsr-3397	88	59	.	.	PUNCT
fsr-3397	89	1	it	it	PRON
fsr-3397	89	2	is	be	AUX
fsr-3397	89	3	certainly	certainly	ADV
fsr-3397	89	4	possible	possible	ADJ
fsr-3397	89	5	for	for	SCONJ
fsr-3397	89	6	a	a	DET
fsr-3397	89	7	donor	donor	NOUN
fsr-3397	89	8	-	-	PUNCT
fsr-3397	89	9	investor	investor	NOUN
fsr-3397	89	10	to	to	PART
fsr-3397	89	11	do	do	VERB
fsr-3397	89	12	even	even	ADV
fsr-3397	89	13	better	well	ADV
fsr-3397	89	14	by	by	ADP
fsr-3397	89	15	using	use	VERB
fsr-3397	89	16	tax	tax	NOUN
fsr-3397	89	17	-	-	PUNCT
fsr-3397	89	18	efficient	efficient	ADJ
fsr-3397	89	19	selling	selling	NOUN
fsr-3397	89	20	rules	rule	NOUN
fsr-3397	89	21	.	.	PUNCT
fsr-3397	90	1	in	in	ADP
fsr-3397	90	2	all	all	PRON
fsr-3397	90	3	but	but	SCONJ
fsr-3397	90	4	the	the	DET
fsr-3397	90	5	strongest	strong	ADJ
fsr-3397	90	6	bull	bull	NOUN
fsr-3397	90	7	markets	market	NOUN
fsr-3397	90	8	,	,	PUNCT
fsr-3397	90	9	a	a	DET
fsr-3397	90	10	portfolio	portfolio	NOUN
fsr-3397	90	11	is	be	AUX
fsr-3397	90	12	likely	likely	ADJ
fsr-3397	90	13	to	to	PART
fsr-3397	90	14	have	have	VERB
fsr-3397	90	15	at	at	ADP
fsr-3397	90	16	least	least	ADJ
fsr-3397	90	17	a	a	DET
fsr-3397	90	18	few	few	ADJ
fsr-3397	90	19	losing	lose	VERB
fsr-3397	90	20	investments	investment	NOUN
fsr-3397	90	21	.	.	PUNCT
fsr-3397	91	1	as	as	SCONJ
fsr-3397	91	2	is	be	AUX
fsr-3397	91	3	clear	clear	ADJ
fsr-3397	91	4	from	from	ADP
fsr-3397	91	5	panel	panel	NOUN
fsr-3397	91	6	b	b	PROPN
fsr-3397	91	7	of	of	ADP
fsr-3397	91	8	table	table	NOUN
fsr-3397	91	9	1	1	NUM
fsr-3397	91	10	,	,	PUNCT
fsr-3397	91	11	simply	simply	ADV
fsr-3397	91	12	realizing	realize	VERB
fsr-3397	91	13	those	those	DET
fsr-3397	91	14	capital	capital	NOUN
fsr-3397	91	15	losses	loss	NOUN
fsr-3397	91	16	and	and	CCONJ
fsr-3397	91	17	investing	invest	VERB
fsr-3397	91	18	the	the	DET
fsr-3397	91	19	tax	tax	NOUN
fsr-3397	91	20	savings	saving	NOUN
fsr-3397	91	21	has	have	VERB
fsr-3397	91	22	a	a	DET
fsr-3397	91	23	long	long	ADJ
fsr-3397	91	24	-	-	PUNCT
fsr-3397	91	25	term	term	NOUN
fsr-3397	91	26	positive	positive	ADJ
fsr-3397	91	27	impact	impact	NOUN
fsr-3397	91	28	on	on	ADP
fsr-3397	91	29	the	the	DET
fsr-3397	91	30	portfolio	portfolio	NOUN
fsr-3397	91	31	.	.	PUNCT
fsr-3397	92	1	as	as	ADP
fsr-3397	92	2	a	a	DET
fsr-3397	92	3	comparison	comparison	NOUN
fsr-3397	92	4	across	across	ADP
fsr-3397	92	5	columns	column	NOUN
fsr-3397	92	6	shows	show	NOUN
fsr-3397	92	7	,	,	PUNCT
fsr-3397	92	8	the	the	DET
fsr-3397	92	9	investor	investor	NOUN
fsr-3397	92	10	who	who	PRON
fsr-3397	92	11	harvests	harvest	VERB
fsr-3397	92	12	capital	capital	NOUN
fsr-3397	92	13	losses	loss	NOUN
fsr-3397	92	14	still	still	ADV
fsr-3397	92	15	derives	derive	VERB
fsr-3397	92	16	about	about	ADP
fsr-3397	92	17	the	the	DET
fsr-3397	92	18	same	same	ADJ
fsr-3397	92	19	incremental	incremental	ADJ
fsr-3397	92	20	wealth	wealth	NOUN
fsr-3397	92	21	increase	increase	NOUN
fsr-3397	92	22	from	from	ADP
fsr-3397	92	23	donating	donate	VERB
fsr-3397	92	24	appreciated	appreciated	ADJ
fsr-3397	92	25	stock	stock	NOUN
fsr-3397	92	26	.	.	PUNCT
fsr-3397	93	1	both	both	PRON
fsr-3397	93	2	can	can	AUX
fsr-3397	93	3	be	be	AUX
fsr-3397	93	4	done	do	VERB
fsr-3397	93	5	simultaneously	simultaneously	ADV
fsr-3397	93	6	,	,	PUNCT
fsr-3397	93	7	since	since	SCONJ
fsr-3397	93	8	the	the	DET
fsr-3397	93	9	accrued	accrue	VERB
fsr-3397	93	10	gains	gain	NOUN
fsr-3397	93	11	on	on	ADP
fsr-3397	93	12	the	the	DET
fsr-3397	93	13	donated	donate	VERB
fsr-3397	93	14	shares	share	NOUN
fsr-3397	93	15	are	be	AUX
fsr-3397	93	16	never	never	ADV
fsr-3397	93	17	actually	actually	ADV
fsr-3397	93	18	realized	realize	VERB
fsr-3397	93	19	for	for	ADP
fsr-3397	93	20	tax	tax	NOUN
fsr-3397	93	21	purposes	purpose	NOUN
fsr-3397	93	22	and	and	CCONJ
fsr-3397	93	23	therefore	therefore	ADV
fsr-3397	93	24	do	do	AUX
fsr-3397	93	25	not	not	PART
fsr-3397	93	26	affect	affect	VERB
fsr-3397	93	27	the	the	DET
fsr-3397	93	28	investor	investor	NOUN
fsr-3397	93	29	’s	’s	PART
fsr-3397	93	30	capital	capital	NOUN
fsr-3397	93	31	loss	loss	NOUN
fsr-3397	93	32	deduction	deduction	NOUN
fsr-3397	93	33	.	.	PUNCT
fsr-3397	94	1	as	as	SCONJ
fsr-3397	94	2	shown	show	VERB
fsr-3397	94	3	in	in	ADP
fsr-3397	94	4	panel	panel	NOUN
fsr-3397	94	5	c	c	NOUN
fsr-3397	94	6	,	,	PUNCT
fsr-3397	94	7	a	a	DET
fsr-3397	94	8	strategy	strategy	NOUN
fsr-3397	94	9	of	of	ADP
fsr-3397	94	10	harvesting	harvest	VERB
fsr-3397	94	11	enough	enough	ADJ
fsr-3397	94	12	gains	gain	NOUN
fsr-3397	94	13	each	each	DET
fsr-3397	94	14	year	year	NOUN
fsr-3397	94	15	to	to	PART
fsr-3397	94	16	offset	offset	VERB
fsr-3397	94	17	any	any	DET
fsr-3397	94	18	capital	capital	NOUN
fsr-3397	94	19	losses	loss	NOUN
fsr-3397	94	20	in	in	ADP
fsr-3397	94	21	excess	excess	NOUN
fsr-3397	94	22	of	of	ADP
fsr-3397	94	23	$	$	SYM
fsr-3397	94	24	3,000	3,000	NUM
fsr-3397	94	25	improves	improve	VERB
fsr-3397	94	26	portfolio	portfolio	NOUN
fsr-3397	94	27	performance	performance	NOUN
fsr-3397	94	28	even	even	ADV
fsr-3397	94	29	more	more	ADV
fsr-3397	94	30	.	.	PUNCT
fsr-3397	95	1	at	at	ADP
fsr-3397	95	2	first	first	ADV
fsr-3397	95	3	,	,	PUNCT
fsr-3397	95	4	it	it	PRON
fsr-3397	95	5	seems	seem	VERB
fsr-3397	95	6	counterintuitive	counterintuitive	ADJ
fsr-3397	95	7	that	that	SCONJ
fsr-3397	95	8	realizing	realize	VERB
fsr-3397	95	9	capital	capital	NOUN
fsr-3397	95	10	gains	gain	NOUN
fsr-3397	95	11	early	early	ADV
fsr-3397	95	12	could	could	AUX
fsr-3397	95	13	help	help	VERB
fsr-3397	95	14	.	.	PUNCT
fsr-3397	96	1	however	however	ADV
fsr-3397	96	2	,	,	PUNCT
fsr-3397	96	3	these	these	DET
fsr-3397	96	4	gains	gain	NOUN
fsr-3397	96	5	do	do	AUX
fsr-3397	96	6	not	not	PART
fsr-3397	96	7	incur	incur	VERB
fsr-3397	96	8	a	a	DET
fsr-3397	96	9	tax	tax	NOUN
fsr-3397	96	10	liability	liability	NOUN
fsr-3397	96	11	,	,	PUNCT
fsr-3397	96	12	as	as	SCONJ
fsr-3397	96	13	they	they	PRON
fsr-3397	96	14	are	be	AUX
fsr-3397	96	15	used	use	VERB
fsr-3397	96	16	only	only	ADV
fsr-3397	96	17	to	to	PART
fsr-3397	96	18	offset	offset	VERB
fsr-3397	96	19	losses	loss	NOUN
fsr-3397	96	20	that	that	PRON
fsr-3397	96	21	can	can	AUX
fsr-3397	96	22	not	not	PART
fsr-3397	96	23	be	be	AUX
fsr-3397	96	24	deducted	deduct	VERB
fsr-3397	96	25	against	against	ADP
fsr-3397	96	26	ordinary	ordinary	ADJ
fsr-3397	96	27	income	income	NOUN
fsr-3397	96	28	in	in	ADP
fsr-3397	96	29	that	that	DET
fsr-3397	96	30	year	year	NOUN
fsr-3397	96	31	and	and	CCONJ
fsr-3397	96	32	would	would	AUX
fsr-3397	96	33	otherwise	otherwise	ADV
fsr-3397	96	34	have	have	VERB
fsr-3397	96	35	to	to	PART
fsr-3397	96	36	be	be	AUX
fsr-3397	96	37	carried	carry	VERB
fsr-3397	96	38	forward	forward	ADV
fsr-3397	96	39	to	to	ADP
fsr-3397	96	40	future	future	ADJ
fsr-3397	96	41	years	year	NOUN
fsr-3397	96	42	.	.	PUNCT
fsr-3397	97	1	while	while	SCONJ
fsr-3397	97	2	this	this	PRON
fsr-3397	97	3	does	do	AUX
fsr-3397	97	4	eliminate	eliminate	VERB
fsr-3397	97	5	the	the	DET
fsr-3397	97	6	possibility	possibility	NOUN
fsr-3397	97	7	of	of	ADP
fsr-3397	97	8	deducting	deduct	VERB
fsr-3397	97	9	those	those	DET
fsr-3397	97	10	losses	loss	NOUN
fsr-3397	97	11	in	in	ADP
fsr-3397	97	12	future	future	ADJ
fsr-3397	97	13	years	year	NOUN
fsr-3397	97	14	,	,	PUNCT
fsr-3397	97	15	it	it	PRON
fsr-3397	97	16	is	be	AUX
fsr-3397	97	17	quite	quite	ADV
fsr-3397	97	18	likely	likely	ADJ
fsr-3397	97	19	that	that	SCONJ
fsr-3397	97	20	at	at	ADV
fsr-3397	97	21	least	least	ADJ
fsr-3397	97	22	a	a	DET
fsr-3397	97	23	few	few	ADJ
fsr-3397	97	24	stocks	stock	NOUN
fsr-3397	97	25	in	in	ADP
fsr-3397	97	26	the	the	DET
fsr-3397	97	27	portfolio	portfolio	NOUN
fsr-3397	97	28	will	will	AUX
fsr-3397	97	29	decline	decline	VERB
fsr-3397	97	30	next	next	ADJ
fsr-3397	97	31	year	year	NOUN
fsr-3397	97	32	.	.	PUNCT
fsr-3397	98	1	for	for	ADP
fsr-3397	98	2	such	such	ADJ
fsr-3397	98	3	declines	decline	NOUN
fsr-3397	98	4	to	to	PART
fsr-3397	98	5	translate	translate	VERB
fsr-3397	98	6	into	into	ADP
fsr-3397	98	7	deductible	deductible	ADJ
fsr-3397	98	8	losses	loss	NOUN
fsr-3397	98	9	,	,	PUNCT
fsr-3397	98	10	those	those	DET
fsr-3397	98	11	stocks	stock	NOUN
fsr-3397	98	12	can	can	AUX
fsr-3397	98	13	not	not	PART
fsr-3397	98	14	be	be	AUX
fsr-3397	98	15	trading	trade	VERB
fsr-3397	98	16	too	too	ADV
fsr-3397	98	17	far	far	ADV
fsr-3397	98	18	above	above	ADP
fsr-3397	98	19	their	their	PRON
fsr-3397	98	20	cost	cost	NOUN
fsr-3397	98	21	bases	basis	NOUN
fsr-3397	98	22	—	—	PUNCT
fsr-3397	98	23	otherwise	otherwise	ADV
fsr-3397	98	24	,	,	PUNCT
fsr-3397	98	25	the	the	DET
fsr-3397	98	26	decline	decline	NOUN
fsr-3397	98	27	will	will	AUX
fsr-3397	98	28	simply	simply	ADV
fsr-3397	98	29	turn	turn	VERB
fsr-3397	98	30	a	a	DET
fsr-3397	98	31	larger	large	ADJ
fsr-3397	98	32	accrued	accrue	VERB
fsr-3397	98	33	gain	gain	NOUN
fsr-3397	98	34	into	into	ADP
fsr-3397	98	35	a	a	DET
fsr-3397	98	36	smaller	small	ADJ
fsr-3397	98	37	one	one	NOUN
fsr-3397	98	38	.	.	PUNCT
fsr-3397	99	1	selling	sell	VERB
fsr-3397	99	2	some	some	DET
fsr-3397	99	3	stocks	stock	NOUN
fsr-3397	99	4	with	with	ADP
fsr-3397	99	5	gains	gain	NOUN
fsr-3397	99	6	resets	reset	VERB
fsr-3397	99	7	the	the	DET
fsr-3397	99	8	basis	basis	NOUN
fsr-3397	99	9	on	on	ADP
fsr-3397	99	10	that	that	DET
fsr-3397	99	11	part	part	NOUN
fsr-3397	99	12	of	of	ADP
fsr-3397	99	13	the	the	DET
fsr-3397	99	14	portfolio	portfolio	NOUN
fsr-3397	99	15	,	,	PUNCT
fsr-3397	99	16	“	"	PUNCT
fsr-3397	99	17	planting	plant	VERB
fsr-3397	99	18	seeds	seed	NOUN
fsr-3397	99	19	”	"	PUNCT
fsr-3397	99	20	for	for	ADP
fsr-3397	99	21	potential	potential	ADJ
fsr-3397	99	22	future	future	ADJ
fsr-3397	99	23	loss	loss	NOUN
fsr-3397	99	24	deductions	deduction	NOUN
fsr-3397	99	25	.	.	PUNCT
fsr-3397	100	1	table	table	NOUN
fsr-3397	100	2	1	1	NUM
fsr-3397	100	3	mean	mean	NOUN
fsr-3397	100	4	(	(	PUNCT
fsr-3397	100	5	median	median	ADJ
fsr-3397	100	6	)	)	PUNCT
fsr-3397	100	7	ratio	ratio	NOUN
fsr-3397	100	8	of	of	ADP
fsr-3397	100	9	terminal	terminal	ADJ
fsr-3397	100	10	wealth	wealth	NOUN
fsr-3397	100	11	from	from	ADP
fsr-3397	100	12	tax	tax	NOUN
fsr-3397	100	13	-	-	PUNCT
fsr-3397	100	14	efficient	efficient	ADJ
fsr-3397	100	15	investment	investment	NOUN
fsr-3397	100	16	strategies	strategy	NOUN
fsr-3397	100	17	vs.	vs.	ADP
fsr-3397	100	18	buy	buy	NOUN
fsr-3397	100	19	-	-	PUNCT
fsr-3397	100	20	and	and	CCONJ
fsr-3397	100	21	-	-	PUNCT
fsr-3397	100	22	hold	hold	NOUN
fsr-3397	100	23	years	year	NOUN
fsr-3397	100	24	invested	invest	VERB
fsr-3397	100	25	percentage	percentage	NOUN
fsr-3397	100	26	of	of	ADP
fsr-3397	100	27	income	income	NOUN
fsr-3397	100	28	donated	donate	VERB
fsr-3397	100	29	via	via	ADP
fsr-3397	100	30	appreciated	appreciated	ADJ
fsr-3397	100	31	stock	stock	NOUN
fsr-3397	100	32	0	0	NUM
fsr-3397	100	33	%	%	NOUN
fsr-3397	100	34	5	5	NUM
fsr-3397	100	35	%	%	NOUN
fsr-3397	100	36	10	10	NUM
fsr-3397	100	37	%	%	NOUN
fsr-3397	100	38	panel	panel	NOUN
fsr-3397	100	39	a	a	PRON
fsr-3397	100	40	:	:	PUNCT
fsr-3397	100	41	realize	realize	VERB
fsr-3397	100	42	no	no	DET
fsr-3397	100	43	losses	loss	NOUN
fsr-3397	100	44	or	or	CCONJ
fsr-3397	100	45	gains	gain	NOUN
fsr-3397	100	46	(	(	PUNCT
fsr-3397	100	47	buy	buy	VERB
fsr-3397	100	48	and	and	CCONJ
fsr-3397	100	49	hold	hold	VERB
fsr-3397	100	50	)	)	PUNCT
fsr-3397	100	51	10	10	NUM
fsr-3397	100	52	1.00	1.00	NUM
fsr-3397	100	53	(	(	PUNCT
fsr-3397	100	54	1.00	1.00	NUM
fsr-3397	100	55	)	)	PUNCT
fsr-3397	100	56	1.03	1.03	NUM
fsr-3397	100	57	(	(	PUNCT
fsr-3397	100	58	1.03	1.03	NUM
fsr-3397	100	59	)	)	PUNCT
fsr-3397	100	60	1.05	1.05	NUM
fsr-3397	100	61	(	(	PUNCT
fsr-3397	100	62	1.05	1.05	NUM
fsr-3397	100	63	)	)	PUNCT
fsr-3397	100	64	20	20	NUM
fsr-3397	100	65	1.00	1.00	NUM
fsr-3397	100	66	(	(	PUNCT
fsr-3397	100	67	1.00	1.00	NUM
fsr-3397	100	68	)	)	PUNCT
fsr-3397	100	69	1.09	1.09	NUM
fsr-3397	100	70	(	(	PUNCT
fsr-3397	100	71	1.08	1.08	NUM
fsr-3397	100	72	)	)	PUNCT
fsr-3397	100	73	1.15	1.15	NUM
fsr-3397	100	74	(	(	PUNCT
fsr-3397	100	75	1.13	1.13	NUM
fsr-3397	100	76	)	)	PUNCT
fsr-3397	100	77	30	30	NUM
fsr-3397	100	78	1.00	1.00	NUM
fsr-3397	100	79	(	(	PUNCT
fsr-3397	100	80	1.00	1.00	NUM
fsr-3397	100	81	)	)	PUNCT
fsr-3397	100	82	1.21	1.21	NUM
fsr-3397	100	83	(	(	PUNCT
fsr-3397	100	84	1.16	1.16	NUM
fsr-3397	100	85	)	)	PUNCT
fsr-3397	100	86	1.33	1.33	NUM
fsr-3397	100	87	(	(	PUNCT
fsr-3397	100	88	1.26	1.26	NUM
fsr-3397	100	89	)	)	PUNCT
fsr-3397	100	90	40	40	NUM
fsr-3397	100	91	1.00	1.00	NUM
fsr-3397	100	92	(	(	PUNCT
fsr-3397	100	93	1.00	1.00	NUM
fsr-3397	100	94	)	)	PUNCT
fsr-3397	100	95	1.42	1.42	NUM
fsr-3397	100	96	(	(	PUNCT
fsr-3397	100	97	1.27	1.27	NUM
fsr-3397	100	98	)	)	PUNCT
fsr-3397	100	99	1.62	1.62	NUM
fsr-3397	100	100	(	(	PUNCT
fsr-3397	100	101	1.43	1.43	NUM
fsr-3397	100	102	)	)	PUNCT
fsr-3397	100	103	50	50	NUM
fsr-3397	100	104	1.00	1.00	NUM
fsr-3397	100	105	(	(	PUNCT
fsr-3397	100	106	1.00	1.00	NUM
fsr-3397	100	107	)	)	PUNCT
fsr-3397	100	108	1.73	1.73	NUM
fsr-3397	100	109	(	(	PUNCT
fsr-3397	100	110	1.41	1.41	NUM
fsr-3397	100	111	)	)	PUNCT
fsr-3397	100	112	2.07	2.07	NUM
fsr-3397	100	113	(	(	PUNCT
fsr-3397	100	114	1.67	1.67	NUM
fsr-3397	100	115	)	)	PUNCT
fsr-3397	100	116	panel	panel	NOUN
fsr-3397	100	117	b	b	X
fsr-3397	100	118	:	:	PUNCT
fsr-3397	100	119	realize	realize	VERB
fsr-3397	100	120	all	all	DET
fsr-3397	100	121	losses	loss	NOUN
fsr-3397	100	122	each	each	DET
fsr-3397	100	123	year	year	NOUN
fsr-3397	100	124	10	10	NUM
fsr-3397	100	125	1.01	1.01	NUM
fsr-3397	100	126	(	(	PUNCT
fsr-3397	100	127	1.01	1.01	NUM
fsr-3397	100	128	)	)	PUNCT
fsr-3397	100	129	1.04	1.04	NUM
fsr-3397	100	130	(	(	PUNCT
fsr-3397	100	131	1.04	1.04	NUM
fsr-3397	100	132	)	)	PUNCT
fsr-3397	100	133	1.06	1.06	NUM
fsr-3397	100	134	(	(	PUNCT
fsr-3397	100	135	1.06	1.06	NUM
fsr-3397	100	136	)	)	PUNCT
fsr-3397	100	137	20	20	NUM
fsr-3397	100	138	1.04	1.04	NUM
fsr-3397	100	139	(	(	PUNCT
fsr-3397	100	140	1.02	1.02	NUM
fsr-3397	100	141	)	)	PUNCT
fsr-3397	100	142	1.12	1.12	NUM
fsr-3397	100	143	(	(	PUNCT
fsr-3397	100	144	1.10	1.10	NUM
fsr-3397	100	145	)	)	PUNCT
fsr-3397	100	146	1.18	1.18	NUM
fsr-3397	100	147	(	(	PUNCT
fsr-3397	100	148	1.16	1.16	NUM
fsr-3397	100	149	)	)	PUNCT
fsr-3397	100	150	30	30	NUM
fsr-3397	100	151	1.08	1.08	NUM
fsr-3397	100	152	(	(	PUNCT
fsr-3397	100	153	1.03	1.03	NUM
fsr-3397	100	154	)	)	PUNCT
fsr-3397	100	155	1.27	1.27	NUM
fsr-3397	100	156	(	(	PUNCT
fsr-3397	100	157	1.19	1.19	NUM
fsr-3397	100	158	)	)	PUNCT
fsr-3397	100	159	1.39	1.39	NUM
fsr-3397	100	160	(	(	PUNCT
fsr-3397	100	161	1.30	1.30	NUM
fsr-3397	100	162	)	)	PUNCT
fsr-3397	100	163	40	40	NUM
fsr-3397	100	164	1.13	1.13	NUM
fsr-3397	100	165	(	(	PUNCT
fsr-3397	100	166	1.04	1.04	NUM
fsr-3397	100	167	)	)	PUNCT
fsr-3397	100	168	1.51	1.51	NUM
fsr-3397	100	169	(	(	PUNCT
fsr-3397	100	170	1.32	1.32	NUM
fsr-3397	100	171	)	)	PUNCT
fsr-3397	100	172	1.71	1.71	NUM
fsr-3397	100	173	(	(	PUNCT
fsr-3397	100	174	1.49	1.49	NUM
fsr-3397	100	175	)	)	PUNCT
fsr-3397	100	176	50	50	NUM
fsr-3397	100	177	1.22	1.22	NUM
fsr-3397	100	178	(	(	PUNCT
fsr-3397	100	179	1.06	1.06	NUM
fsr-3397	100	180	)	)	PUNCT
fsr-3397	100	181	1.87	1.87	NUM
fsr-3397	100	182	(	(	PUNCT
fsr-3397	100	183	1.49	1.49	NUM
fsr-3397	100	184	)	)	PUNCT
fsr-3397	100	185	2.20	2.20	NUM
fsr-3397	100	186	(	(	PUNCT
fsr-3397	100	187	1.74	1.74	NUM
fsr-3397	100	188	)	)	PUNCT
fsr-3397	100	189	panel	panel	NOUN
fsr-3397	100	190	c	c	NOUN
fsr-3397	100	191	:	:	PUNCT
fsr-3397	100	192	realize	realize	VERB
fsr-3397	100	193	all	all	DET
fsr-3397	100	194	losses	loss	NOUN
fsr-3397	100	195	and	and	CCONJ
fsr-3397	100	196	offsetting	offset	VERB
fsr-3397	100	197	gains	gain	NOUN
fsr-3397	100	198	10	10	NUM
fsr-3397	100	199	1.03	1.03	NUM
fsr-3397	100	200	(	(	PUNCT
fsr-3397	100	201	1.02	1.02	NUM
fsr-3397	100	202	)	)	PUNCT
fsr-3397	100	203	1.05	1.05	NUM
fsr-3397	100	204	(	(	PUNCT
fsr-3397	100	205	1.04	1.04	NUM
fsr-3397	100	206	)	)	PUNCT
fsr-3397	100	207	1.06	1.06	NUM
fsr-3397	100	208	(	(	PUNCT
fsr-3397	100	209	1.06	1.06	NUM
fsr-3397	100	210	)	)	PUNCT
fsr-3397	100	211	20	20	NUM
fsr-3397	100	212	1.11	1.11	NUM
fsr-3397	100	213	(	(	PUNCT
fsr-3397	100	214	1.08	1.08	NUM
fsr-3397	100	215	)	)	PUNCT
fsr-3397	100	216	1.16	1.16	NUM
fsr-3397	100	217	(	(	PUNCT
fsr-3397	100	218	1.13	1.13	NUM
fsr-3397	100	219	)	)	PUNCT
fsr-3397	100	220	1.19	1.19	NUM
fsr-3397	100	221	(	(	PUNCT
fsr-3397	100	222	1.17	1.17	NUM
fsr-3397	100	223	)	)	PUNCT
fsr-3397	100	224	30	30	NUM
fsr-3397	100	225	1.26	1.26	NUM
fsr-3397	100	226	(	(	PUNCT
fsr-3397	100	227	1.17	1.17	NUM
fsr-3397	100	228	)	)	PUNCT
fsr-3397	100	229	1.36	1.36	NUM
fsr-3397	100	230	(	(	PUNCT
fsr-3397	100	231	1.27	1.27	NUM
fsr-3397	100	232	)	)	PUNCT
fsr-3397	100	233	1.42	1.42	NUM
fsr-3397	100	234	(	(	PUNCT
fsr-3397	100	235	1.33	1.33	NUM
fsr-3397	100	236	)	)	PUNCT
fsr-3397	100	237	40	40	NUM
fsr-3397	100	238	1.48	1.48	NUM
fsr-3397	100	239	(	(	PUNCT
fsr-3397	100	240	1.27	1.27	NUM
fsr-3397	100	241	)	)	PUNCT
fsr-3397	100	242	1.69	1.69	NUM
fsr-3397	100	243	(	(	PUNCT
fsr-3397	100	244	1.47	1.47	NUM
fsr-3397	100	245	)	)	PUNCT
fsr-3397	100	246	1.79	1.79	NUM
fsr-3397	100	247	(	(	PUNCT
fsr-3397	100	248	1.57	1.57	NUM
fsr-3397	100	249	)	)	PUNCT
fsr-3397	100	250	50	50	NUM
fsr-3397	100	251	1.78	1.78	NUM
fsr-3397	100	252	(	(	PUNCT
fsr-3397	100	253	1.39	1.39	NUM
fsr-3397	100	254	)	)	PUNCT
fsr-3397	100	255	2.18	2.18	NUM
fsr-3397	100	256	(	(	PUNCT
fsr-3397	100	257	1.74	1.74	NUM
fsr-3397	100	258	)	)	PUNCT
fsr-3397	100	259	2.36	2.36	NUM
fsr-3397	100	260	(	(	PUNCT
fsr-3397	100	261	1.89	1.89	NUM
fsr-3397	100	262	)	)	PUNCT
fsr-3397	100	263	262	262	NUM
fsr-3397	100	264	j.	j.	PROPN
fsr-3397	100	265	whitworth	whitworth	PROPN
fsr-3397	100	266	/	/	SYM
fsr-3397	100	267	financial	financial	ADJ
fsr-3397	100	268	services	service	NOUN
fsr-3397	100	269	review	review	VERB
fsr-3397	100	270	27	27	NUM
fsr-3397	100	271	(	(	PUNCT
fsr-3397	100	272	2018	2018	NUM
fsr-3397	100	273	)	)	PUNCT
fsr-3397	100	274	257	257	NUM
fsr-3397	100	275	-	-	SYM
fsr-3397	100	276	277	277	NUM
fsr-3397	100	277	an	an	DET
fsr-3397	100	278	investor	investor	NOUN
fsr-3397	100	279	who	who	PRON
fsr-3397	100	280	realizes	realize	VERB
fsr-3397	100	281	offsetting	offset	VERB
fsr-3397	100	282	gains	gain	NOUN
fsr-3397	100	283	can	can	AUX
fsr-3397	100	284	also	also	ADV
fsr-3397	100	285	benefit	benefit	VERB
fsr-3397	100	286	from	from	ADP
fsr-3397	100	287	donating	donate	VERB
fsr-3397	100	288	appreciated	appreciated	ADJ
fsr-3397	100	289	stock	stock	NOUN
fsr-3397	100	290	,	,	PUNCT
fsr-3397	100	291	and	and	CCONJ
fsr-3397	100	292	it	it	PRON
fsr-3397	100	293	is	be	AUX
fsr-3397	100	294	better	well	ADJ
fsr-3397	100	295	to	to	PART
fsr-3397	100	296	use	use	VERB
fsr-3397	100	297	both	both	DET
fsr-3397	100	298	strategies	strategy	NOUN
fsr-3397	100	299	than	than	ADP
fsr-3397	100	300	merely	merely	ADV
fsr-3397	100	301	one	one	NUM
fsr-3397	100	302	or	or	CCONJ
fsr-3397	100	303	the	the	DET
fsr-3397	100	304	other	other	ADJ
fsr-3397	100	305	.	.	PUNCT
fsr-3397	101	1	however	however	ADV
fsr-3397	101	2	,	,	PUNCT
fsr-3397	101	3	the	the	DET
fsr-3397	101	4	additional	additional	ADJ
fsr-3397	101	5	benefit	benefit	NOUN
fsr-3397	101	6	of	of	ADP
fsr-3397	101	7	donating	donate	VERB
fsr-3397	101	8	appreciated	appreciated	ADJ
fsr-3397	101	9	shares	share	NOUN
fsr-3397	101	10	is	be	AUX
fsr-3397	101	11	smaller	small	ADJ
fsr-3397	101	12	when	when	SCONJ
fsr-3397	101	13	one	one	NOUN
fsr-3397	101	14	already	already	ADV
fsr-3397	101	15	realizes	realize	VERB
fsr-3397	101	16	offsetting	offset	VERB
fsr-3397	101	17	gains	gain	NOUN
fsr-3397	101	18	,	,	PUNCT
fsr-3397	101	19	and	and	CCONJ
fsr-3397	101	20	vice	vice	ADV
fsr-3397	101	21	versa	versa	ADV
fsr-3397	101	22	.	.	PUNCT
fsr-3397	102	1	for	for	ADP
fsr-3397	102	2	example	example	NOUN
fsr-3397	102	3	,	,	PUNCT
fsr-3397	102	4	consider	consider	VERB
fsr-3397	102	5	an	an	DET
fsr-3397	102	6	individual	individual	NOUN
fsr-3397	102	7	with	with	ADP
fsr-3397	102	8	a	a	DET
fsr-3397	102	9	30	30	NUM
fsr-3397	102	10	-	-	PUNCT
fsr-3397	102	11	year	year	NOUN
fsr-3397	102	12	horizon	horizon	NOUN
fsr-3397	102	13	who	who	PRON
fsr-3397	102	14	realizes	realize	VERB
fsr-3397	102	15	only	only	ADV
fsr-3397	102	16	capital	capital	NOUN
fsr-3397	102	17	losses	loss	NOUN
fsr-3397	102	18	and	and	CCONJ
fsr-3397	102	19	donates	donate	VERB
fsr-3397	102	20	5	5	NUM
fsr-3397	102	21	%	%	NOUN
fsr-3397	102	22	of	of	ADP
fsr-3397	102	23	her	her	PRON
fsr-3397	102	24	income	income	NOUN
fsr-3397	102	25	to	to	ADP
fsr-3397	102	26	charity	charity	NOUN
fsr-3397	102	27	in	in	ADP
fsr-3397	102	28	cash	cash	NOUN
fsr-3397	102	29	(	(	PUNCT
fsr-3397	102	30	i.e.	i.e.	X
fsr-3397	102	31	,	,	PUNCT
fsr-3397	102	32	0	0	NUM
fsr-3397	102	33	%	%	NOUN
fsr-3397	102	34	in	in	ADP
fsr-3397	102	35	stock	stock	NOUN
fsr-3397	102	36	)	)	PUNCT
fsr-3397	102	37	.	.	PUNCT
fsr-3397	103	1	as	as	SCONJ
fsr-3397	103	2	shown	show	VERB
fsr-3397	103	3	in	in	ADP
fsr-3397	103	4	panels	panel	NOUN
fsr-3397	103	5	b	b	PROPN
fsr-3397	103	6	and	and	CCONJ
fsr-3397	103	7	c	c	X
fsr-3397	103	8	,	,	PUNCT
fsr-3397	103	9	she	she	PRON
fsr-3397	103	10	can	can	AUX
fsr-3397	103	11	increase	increase	VERB
fsr-3397	103	12	her	her	PRON
fsr-3397	103	13	mean	mean	ADJ
fsr-3397	103	14	terminal	terminal	ADJ
fsr-3397	103	15	wealth	wealth	NOUN
fsr-3397	103	16	ratio	ratio	NOUN
fsr-3397	103	17	from	from	ADP
fsr-3397	103	18	1.08	1.08	NUM
fsr-3397	103	19	to	to	ADP
fsr-3397	103	20	1.26	1.26	NUM
fsr-3397	103	21	by	by	ADP
fsr-3397	103	22	also	also	ADV
fsr-3397	103	23	realizing	realize	VERB
fsr-3397	103	24	offsetting	offset	VERB
fsr-3397	103	25	gains	gain	NOUN
fsr-3397	103	26	,	,	PUNCT
fsr-3397	103	27	or	or	CCONJ
fsr-3397	103	28	to	to	ADP
fsr-3397	103	29	1.27	1.27	NUM
fsr-3397	103	30	by	by	ADP
fsr-3397	103	31	donating	donate	VERB
fsr-3397	103	32	appreciated	appreciated	ADJ
fsr-3397	103	33	stock	stock	NOUN
fsr-3397	103	34	instead	instead	ADV
fsr-3397	103	35	of	of	ADP
fsr-3397	103	36	cash	cash	NOUN
fsr-3397	103	37	—	—	PUNCT
fsr-3397	103	38	an	an	DET
fsr-3397	103	39	improvement	improvement	NOUN
fsr-3397	103	40	of	of	ADP
fsr-3397	103	41	18	18	NUM
fsr-3397	103	42	or	or	CCONJ
fsr-3397	103	43	19	19	NUM
fsr-3397	103	44	percentage	percentage	NOUN
fsr-3397	103	45	points	point	NOUN
fsr-3397	103	46	relative	relative	ADJ
fsr-3397	103	47	to	to	ADP
fsr-3397	103	48	the	the	DET
fsr-3397	103	49	buy	buy	VERB
fsr-3397	103	50	-	-	PUNCT
fsr-3397	103	51	and	and	CCONJ
fsr-3397	103	52	-	-	PUNCT
fsr-3397	103	53	hold	hold	VERB
fsr-3397	103	54	benchmark	benchmark	NOUN
fsr-3397	103	55	.	.	PUNCT
fsr-3397	104	1	however	however	ADV
fsr-3397	104	2	,	,	PUNCT
fsr-3397	104	3	if	if	SCONJ
fsr-3397	104	4	she	she	PRON
fsr-3397	104	5	further	far	ADV
fsr-3397	104	6	decides	decide	VERB
fsr-3397	104	7	to	to	PART
fsr-3397	104	8	implement	implement	VERB
fsr-3397	104	9	both	both	DET
fsr-3397	104	10	strategies	strategy	NOUN
fsr-3397	104	11	simultaneously	simultaneously	ADV
fsr-3397	104	12	,	,	PUNCT
fsr-3397	104	13	her	her	PRON
fsr-3397	104	14	mean	mean	ADJ
fsr-3397	104	15	ratio	ratio	NOUN
fsr-3397	104	16	increases	increase	VERB
fsr-3397	104	17	to	to	ADP
fsr-3397	104	18	1.36	1.36	NUM
fsr-3397	104	19	—	—	PUNCT
fsr-3397	104	20	still	still	ADV
fsr-3397	104	21	an	an	DET
fsr-3397	104	22	improvement	improvement	NOUN
fsr-3397	104	23	,	,	PUNCT
fsr-3397	104	24	but	but	CCONJ
fsr-3397	104	25	only	only	ADV
fsr-3397	104	26	an	an	DET
fsr-3397	104	27	additional	additional	ADJ
fsr-3397	104	28	9	9	NUM
fsr-3397	104	29	or	or	CCONJ
fsr-3397	104	30	10	10	NUM
fsr-3397	104	31	percentage	percentage	NOUN
fsr-3397	104	32	points	point	NOUN
fsr-3397	104	33	.	.	PUNCT
fsr-3397	105	1	this	this	PRON
fsr-3397	105	2	happens	happen	VERB
fsr-3397	105	3	because	because	SCONJ
fsr-3397	105	4	both	both	DET
fsr-3397	105	5	strategies	strategy	NOUN
fsr-3397	105	6	use	use	VERB
fsr-3397	105	7	the	the	DET
fsr-3397	105	8	stocks	stock	NOUN
fsr-3397	105	9	that	that	PRON
fsr-3397	105	10	have	have	AUX
fsr-3397	105	11	increased	increase	VERB
fsr-3397	105	12	in	in	ADP
fsr-3397	105	13	value	value	NOUN
fsr-3397	105	14	most	most	ADV
fsr-3397	105	15	and	and	CCONJ
fsr-3397	105	16	now	now	ADV
fsr-3397	105	17	comprise	comprise	VERB
fsr-3397	105	18	a	a	DET
fsr-3397	105	19	larger	large	ADJ
fsr-3397	105	20	percentage	percentage	NOUN
fsr-3397	105	21	of	of	ADP
fsr-3397	105	22	the	the	DET
fsr-3397	105	23	portfolio	portfolio	NOUN
fsr-3397	105	24	.	.	PUNCT
fsr-3397	106	1	in	in	ADP
fsr-3397	106	2	some	some	DET
fsr-3397	106	3	cases	case	NOUN
fsr-3397	106	4	(	(	PUNCT
fsr-3397	106	5	particularly	particularly	ADV
fsr-3397	106	6	in	in	ADP
fsr-3397	106	7	bear	bear	NOUN
fsr-3397	106	8	markets	market	NOUN
fsr-3397	106	9	)	)	PUNCT
fsr-3397	106	10	,	,	PUNCT
fsr-3397	106	11	there	there	PRON
fsr-3397	106	12	may	may	AUX
fsr-3397	106	13	not	not	PART
fsr-3397	106	14	be	be	AUX
fsr-3397	106	15	enough	enough	ADJ
fsr-3397	106	16	winning	win	VERB
fsr-3397	106	17	stocks	stock	NOUN
fsr-3397	106	18	to	to	PART
fsr-3397	106	19	fully	fully	ADV
fsr-3397	106	20	execute	execute	VERB
fsr-3397	106	21	both	both	DET
fsr-3397	106	22	strategies	strategy	NOUN
fsr-3397	106	23	,	,	PUNCT
fsr-3397	106	24	which	which	PRON
fsr-3397	106	25	explains	explain	VERB
fsr-3397	106	26	the	the	DET
fsr-3397	106	27	result	result	NOUN
fsr-3397	106	28	noted	note	VERB
fsr-3397	106	29	above	above	ADV
fsr-3397	106	30	.	.	PUNCT
fsr-3397	107	1	however	however	ADV
fsr-3397	107	2	,	,	PUNCT
fsr-3397	107	3	in	in	ADP
fsr-3397	107	4	many	many	ADJ
fsr-3397	107	5	years	year	NOUN
fsr-3397	107	6	the	the	DET
fsr-3397	107	7	investor	investor	NOUN
fsr-3397	107	8	will	will	AUX
fsr-3397	107	9	be	be	AUX
fsr-3397	107	10	able	able	ADJ
fsr-3397	107	11	to	to	PART
fsr-3397	107	12	do	do	VERB
fsr-3397	107	13	both	both	PRON
fsr-3397	107	14	,	,	PUNCT
fsr-3397	107	15	and	and	CCONJ
fsr-3397	107	16	certainly	certainly	ADV
fsr-3397	107	17	should	should	AUX
fsr-3397	107	18	whenever	whenever	SCONJ
fsr-3397	107	19	possible	possible	ADJ
fsr-3397	107	20	.	.	PUNCT
fsr-3397	108	1	fig	fig	NOUN
fsr-3397	108	2	.	.	PUNCT
fsr-3397	109	1	1	1	NUM
fsr-3397	109	2	summarizes	summarize	NOUN
fsr-3397	109	3	the	the	DET
fsr-3397	109	4	results	result	NOUN
fsr-3397	109	5	presented	present	VERB
fsr-3397	109	6	in	in	ADP
fsr-3397	109	7	the	the	DET
fsr-3397	109	8	above	above	ADJ
fsr-3397	109	9	table	table	NOUN
fsr-3397	109	10	for	for	ADP
fsr-3397	109	11	a	a	DET
fsr-3397	109	12	50	50	NUM
fsr-3397	109	13	-	-	PUNCT
fsr-3397	109	14	year	year	NOUN
fsr-3397	109	15	investor	investor	NOUN
fsr-3397	109	16	,	,	PUNCT
fsr-3397	109	17	clearly	clearly	ADV
fsr-3397	109	18	illustrating	illustrate	VERB
fsr-3397	109	19	the	the	DET
fsr-3397	109	20	long	long	ADJ
fsr-3397	109	21	-	-	PUNCT
fsr-3397	109	22	term	term	NOUN
fsr-3397	109	23	wealth	wealth	NOUN
fsr-3397	109	24	gains	gain	NOUN
fsr-3397	109	25	available	available	ADJ
fsr-3397	109	26	to	to	ADP
fsr-3397	109	27	those	those	PRON
fsr-3397	109	28	who	who	PRON
fsr-3397	109	29	donate	donate	VERB
fsr-3397	109	30	appreciated	appreciated	ADJ
fsr-3397	109	31	stock	stock	NOUN
fsr-3397	109	32	.	.	PUNCT
fsr-3397	110	1	regardless	regardless	ADV
fsr-3397	110	2	of	of	ADP
fsr-3397	110	3	the	the	DET
fsr-3397	110	4	selling	sell	VERB
fsr-3397	110	5	rule(s	rule(s	NOUN
fsr-3397	110	6	)	)	PUNCT
fsr-3397	110	7	used	use	VERB
fsr-3397	110	8	(	(	PUNCT
fsr-3397	110	9	i.e.	i.e.	X
fsr-3397	110	10	,	,	PUNCT
fsr-3397	110	11	whether	whether	SCONJ
fsr-3397	110	12	the	the	DET
fsr-3397	110	13	investor	investor	NOUN
fsr-3397	110	14	harvests	harvest	VERB
fsr-3397	110	15	losses	loss	NOUN
fsr-3397	110	16	and/or	and/or	CCONJ
fsr-3397	110	17	gains	gain	NOUN
fsr-3397	110	18	)	)	PUNCT
fsr-3397	110	19	,	,	PUNCT
fsr-3397	110	20	a	a	DET
fsr-3397	110	21	5	5	NUM
fsr-3397	110	22	%	%	NOUN
fsr-3397	110	23	donor	donor	NOUN
fsr-3397	110	24	’s	’s	PART
fsr-3397	110	25	terminal	terminal	ADJ
fsr-3397	110	26	wealth	wealth	NOUN
fsr-3397	110	27	is	be	AUX
fsr-3397	110	28	much	much	ADV
fsr-3397	110	29	greater	great	ADJ
fsr-3397	110	30	than	than	ADP
fsr-3397	110	31	that	that	PRON
fsr-3397	110	32	of	of	ADP
fsr-3397	110	33	a	a	DET
fsr-3397	110	34	non	non	ADJ
fsr-3397	110	35	-	-	ADJ
fsr-3397	110	36	donor	donor	ADJ
fsr-3397	110	37	,	,	PUNCT
fsr-3397	110	38	and	and	CCONJ
fsr-3397	110	39	a	a	DET
fsr-3397	110	40	10	10	NUM
fsr-3397	110	41	%	%	NOUN
fsr-3397	110	42	donor	donor	NOUN
fsr-3397	110	43	does	do	VERB
fsr-3397	110	44	better	well	ADV
fsr-3397	110	45	still	still	ADV
fsr-3397	110	46	(	(	PUNCT
fsr-3397	110	47	although	although	SCONJ
fsr-3397	110	48	the	the	DET
fsr-3397	110	49	additional	additional	ADJ
fsr-3397	110	50	improvement	improvement	NOUN
fsr-3397	110	51	from	from	ADP
fsr-3397	110	52	5	5	NUM
fsr-3397	110	53	%	%	NOUN
fsr-3397	110	54	to	to	PART
fsr-3397	110	55	10	10	NUM
fsr-3397	110	56	%	%	NOUN
fsr-3397	110	57	is	be	AUX
fsr-3397	110	58	somewhat	somewhat	ADV
fsr-3397	110	59	smaller	small	ADJ
fsr-3397	110	60	)	)	PUNCT
fsr-3397	110	61	.	.	PUNCT
fsr-3397	111	1	fig	fig	NOUN
fsr-3397	111	2	.	.	PUNCT
fsr-3397	112	1	1	1	NUM
fsr-3397	112	2	also	also	ADV
fsr-3397	112	3	illustrates	illustrate	VERB
fsr-3397	112	4	that	that	SCONJ
fsr-3397	112	5	for	for	ADP
fsr-3397	112	6	each	each	DET
fsr-3397	112	7	charitable	charitable	ADJ
fsr-3397	112	8	donation	donation	NOUN
fsr-3397	112	9	level	level	NOUN
fsr-3397	112	10	(	(	PUNCT
fsr-3397	112	11	0	0	NUM
fsr-3397	112	12	%	%	NOUN
fsr-3397	112	13	,	,	PUNCT
fsr-3397	112	14	5	5	NUM
fsr-3397	112	15	%	%	NOUN
fsr-3397	112	16	,	,	PUNCT
fsr-3397	112	17	and	and	CCONJ
fsr-3397	112	18	10	10	NUM
fsr-3397	112	19	%	%	NOUN
fsr-3397	112	20	)	)	PUNCT
fsr-3397	112	21	,	,	PUNCT
fsr-3397	112	22	one	one	NUM
fsr-3397	112	23	is	be	AUX
fsr-3397	112	24	clearly	clearly	ADV
fsr-3397	112	25	better	well	ADJ
fsr-3397	112	26	off	off	ADP
fsr-3397	112	27	recognizing	recognize	VERB
fsr-3397	112	28	capital	capital	NOUN
fsr-3397	112	29	losses	loss	NOUN
fsr-3397	112	30	,	,	PUNCT
fsr-3397	112	31	and	and	CCONJ
fsr-3397	112	32	better	well	ADV
fsr-3397	112	33	still	still	ADV
fsr-3397	112	34	recognizing	recognize	VERB
fsr-3397	112	35	offsetting	offset	VERB
fsr-3397	112	36	gains	gain	NOUN
fsr-3397	112	37	as	as	ADV
fsr-3397	112	38	well	well	ADV
fsr-3397	112	39	.	.	PUNCT
fsr-3397	113	1	the	the	DET
fsr-3397	113	2	benefit	benefit	NOUN
fsr-3397	113	3	of	of	ADP
fsr-3397	113	4	harvesting	harvesting	NOUN
fsr-3397	113	5	losses	loss	NOUN
fsr-3397	113	6	is	be	AUX
fsr-3397	113	7	similar	similar	ADJ
fsr-3397	113	8	regardless	regardless	ADV
fsr-3397	113	9	of	of	ADP
fsr-3397	113	10	how	how	SCONJ
fsr-3397	113	11	much	much	ADJ
fsr-3397	113	12	one	one	NUM
fsr-3397	113	13	donates	donate	VERB
fsr-3397	113	14	.	.	PUNCT
fsr-3397	114	1	the	the	DET
fsr-3397	114	2	incremental	incremental	ADJ
fsr-3397	114	3	benefit	benefit	NOUN
fsr-3397	114	4	of	of	ADP
fsr-3397	114	5	harvesting	harvest	VERB
fsr-3397	114	6	offsetting	offset	VERB
fsr-3397	114	7	gains	gain	NOUN
fsr-3397	114	8	is	be	AUX
fsr-3397	114	9	positive	positive	ADJ
fsr-3397	114	10	for	for	ADP
fsr-3397	114	11	all	all	DET
fsr-3397	114	12	donation	donation	NOUN
fsr-3397	114	13	levels	level	NOUN
fsr-3397	114	14	,	,	PUNCT
fsr-3397	114	15	but	but	CCONJ
fsr-3397	114	16	as	as	SCONJ
fsr-3397	114	17	previously	previously	ADV
fsr-3397	114	18	discussed	discuss	VERB
fsr-3397	114	19	,	,	PUNCT
fsr-3397	114	20	it	it	PRON
fsr-3397	114	21	is	be	AUX
fsr-3397	114	22	somewhat	somewhat	ADV
fsr-3397	114	23	smaller	small	ADJ
fsr-3397	114	24	for	for	ADP
fsr-3397	114	25	stock	stock	NOUN
fsr-3397	114	26	donors	donor	NOUN
fsr-3397	114	27	than	than	ADP
fsr-3397	114	28	for	for	ADP
fsr-3397	114	29	non	non	NOUN
fsr-3397	114	30	-	-	NOUN
fsr-3397	114	31	donors	donor	NOUN
fsr-3397	114	32	.	.	PUNCT
fsr-3397	115	1	1.0	1.0	NUM
fsr-3397	115	2	1.2	1.2	NUM
fsr-3397	115	3	1.4	1.4	NUM
fsr-3397	115	4	1.6	1.6	NUM
fsr-3397	115	5	1.8	1.8	NUM
fsr-3397	115	6	2.0	2.0	NUM
fsr-3397	115	7	2.2	2.2	NUM
fsr-3397	115	8	2.4	2.4	NUM
fsr-3397	115	9	0	0	NUM
fsr-3397	115	10	%	%	NOUN
fsr-3397	115	11	5	5	NUM
fsr-3397	115	12	%	%	NOUN
fsr-3397	115	13	10	10	NUM
fsr-3397	115	14	%	%	NOUN
fsr-3397	115	15	ra	ra	PROPN
fsr-3397	115	16	�	�	PROPN
fsr-3397	115	17	o	o	PROPN
fsr-3397	115	18	of	of	ADP
fsr-3397	115	19	t	t	PROPN
fsr-3397	115	20	er	er	INTJ
fsr-3397	115	21	m	m	VERB
fsr-3397	115	22	in	in	ADP
fsr-3397	115	23	al	al	PROPN
fsr-3397	115	24	w	w	PROPN
fsr-3397	115	25	ea	ea	PROPN
fsr-3397	115	26	lt	lt	PRON
fsr-3397	115	27	h	h	NOUN
fsr-3397	115	28	vs	vs	ADP
fsr-3397	115	29	.	.	PUNCT
fsr-3397	116	1	b	b	X
fsr-3397	116	2	uy	uy	PROPN
fsr-3397	116	3	-a	-a	PROPN
fsr-3397	116	4	nd	nd	NOUN
fsr-3397	116	5	-h	-h	PUNCT
fsr-3397	116	6	ol	ol	NOUN
fsr-3397	116	7	d	d	X
fsr-3397	116	8	percentage	percentage	NOUN
fsr-3397	116	9	of	of	ADP
fsr-3397	116	10	income	income	NOUN
fsr-3397	116	11	donated	donate	VERB
fsr-3397	116	12	via	via	ADP
fsr-3397	116	13	appreciated	appreciated	ADJ
fsr-3397	116	14	stock	stock	NOUN
fsr-3397	116	15	fig	fig	NOUN
fsr-3397	116	16	.	.	PUNCT
fsr-3397	117	1	1	1	X
fsr-3397	117	2	.	.	PUNCT
fsr-3397	118	1	mean	mean	ADJ
fsr-3397	118	2	ratio	ratio	NOUN
fsr-3397	118	3	of	of	ADP
fsr-3397	118	4	terminal	terminal	ADJ
fsr-3397	118	5	wealth	wealth	NOUN
fsr-3397	118	6	versus	versus	ADP
fsr-3397	118	7	buy	buy	VERB
fsr-3397	118	8	-	-	PUNCT
fsr-3397	118	9	and	and	CCONJ
fsr-3397	118	10	-	-	PUNCT
fsr-3397	118	11	hold	hold	VERB
fsr-3397	118	12	for	for	ADP
fsr-3397	118	13	alternative	alternative	ADJ
fsr-3397	118	14	investment	investment	NOUN
fsr-3397	118	15	strategies	strategy	NOUN
fsr-3397	118	16	(	(	PUNCT
fsr-3397	118	17	50	50	NUM
fsr-3397	118	18	-	-	PUNCT
fsr-3397	118	19	year	year	NOUN
fsr-3397	118	20	horizon	horizon	NOUN
fsr-3397	118	21	)	)	PUNCT
fsr-3397	118	22	.	.	PUNCT
fsr-3397	119	1	263j	263j	PROPN
fsr-3397	119	2	.	.	PUNCT
fsr-3397	120	1	whitworth	whitworth	PROPN
fsr-3397	120	2	/	/	SYM
fsr-3397	120	3	financial	financial	ADJ
fsr-3397	120	4	services	service	NOUN
fsr-3397	120	5	review	review	VERB
fsr-3397	120	6	27	27	NUM
fsr-3397	120	7	(	(	PUNCT
fsr-3397	120	8	2018	2018	NUM
fsr-3397	120	9	)	)	PUNCT
fsr-3397	120	10	257	257	NUM
fsr-3397	120	11	-	-	SYM
fsr-3397	120	12	277	277	NUM
fsr-3397	120	13	3.2	3.2	NUM
fsr-3397	120	14	.	.	PUNCT
fsr-3397	121	1	effect	effect	NOUN
fsr-3397	121	2	on	on	ADP
fsr-3397	121	3	standard	standard	ADJ
fsr-3397	121	4	deviation	deviation	NOUN
fsr-3397	121	5	of	of	ADP
fsr-3397	121	6	terminal	terminal	ADJ
fsr-3397	121	7	wealth	wealth	NOUN
fsr-3397	121	8	in	in	ADP
fsr-3397	121	9	addition	addition	NOUN
fsr-3397	121	10	to	to	ADP
fsr-3397	121	11	increasing	increase	VERB
fsr-3397	121	12	after	after	ADP
fsr-3397	121	13	-	-	PUNCT
fsr-3397	121	14	tax	tax	NOUN
fsr-3397	121	15	returns	return	NOUN
fsr-3397	121	16	,	,	PUNCT
fsr-3397	121	17	the	the	DET
fsr-3397	121	18	stock	stock	NOUN
fsr-3397	121	19	donation	donation	NOUN
fsr-3397	121	20	strategy	strategy	NOUN
fsr-3397	121	21	advocated	advocate	VERB
fsr-3397	121	22	here	here	ADV
fsr-3397	121	23	has	have	VERB
fsr-3397	121	24	a	a	DET
fsr-3397	121	25	very	very	ADV
fsr-3397	121	26	desirable	desirable	ADJ
fsr-3397	121	27	side	side	NOUN
fsr-3397	121	28	effect	effect	NOUN
fsr-3397	121	29	:	:	PUNCT
fsr-3397	121	30	it	it	PRON
fsr-3397	121	31	reduces	reduce	VERB
fsr-3397	121	32	risk	risk	NOUN
fsr-3397	121	33	through	through	ADP
fsr-3397	121	34	improved	improve	VERB
fsr-3397	121	35	diversification	diversification	NOUN
fsr-3397	121	36	.	.	PUNCT
fsr-3397	122	1	if	if	SCONJ
fsr-3397	122	2	left	leave	VERB
fsr-3397	122	3	alone	alone	ADV
fsr-3397	122	4	over	over	ADP
fsr-3397	122	5	time	time	NOUN
fsr-3397	122	6	,	,	PUNCT
fsr-3397	122	7	a	a	DET
fsr-3397	122	8	handful	handful	NOUN
fsr-3397	122	9	of	of	ADP
fsr-3397	122	10	stocks	stock	NOUN
fsr-3397	122	11	will	will	AUX
fsr-3397	122	12	eventually	eventually	ADV
fsr-3397	122	13	grow	grow	VERB
fsr-3397	122	14	to	to	PART
fsr-3397	122	15	dominate	dominate	VERB
fsr-3397	122	16	a	a	DET
fsr-3397	122	17	disproportionate	disproportionate	ADJ
fsr-3397	122	18	share	share	NOUN
fsr-3397	122	19	of	of	ADP
fsr-3397	122	20	a	a	DET
fsr-3397	122	21	portfolio	portfolio	NOUN
fsr-3397	122	22	.	.	PUNCT
fsr-3397	123	1	this	this	PRON
fsr-3397	123	2	follows	follow	VERB
fsr-3397	123	3	from	from	ADP
fsr-3397	123	4	bessembinder	bessembinder	PROPN
fsr-3397	123	5	’s	’s	PART
fsr-3397	123	6	(	(	PUNCT
fsr-3397	123	7	2018	2018	NUM
fsr-3397	123	8	)	)	PUNCT
fsr-3397	123	9	observation	observation	NOUN
fsr-3397	123	10	that	that	SCONJ
fsr-3397	123	11	long	long	ADJ
fsr-3397	123	12	-	-	PUNCT
fsr-3397	123	13	horizon	horizon	NOUN
fsr-3397	123	14	compounded	compound	VERB
fsr-3397	123	15	returns	return	NOUN
fsr-3397	123	16	are	be	AUX
fsr-3397	123	17	skewed	skewed	ADJ
fsr-3397	123	18	even	even	ADV
fsr-3397	123	19	if	if	SCONJ
fsr-3397	123	20	single	single	ADJ
fsr-3397	123	21	-	-	PUNCT
fsr-3397	123	22	period	period	NOUN
fsr-3397	123	23	returns	return	NOUN
fsr-3397	123	24	are	be	AUX
fsr-3397	123	25	not	not	PART
fsr-3397	123	26	.	.	PUNCT
fsr-3397	124	1	while	while	SCONJ
fsr-3397	124	2	the	the	DET
fsr-3397	124	3	investor	investor	NOUN
fsr-3397	124	4	is	be	AUX
fsr-3397	124	5	certainly	certainly	ADV
fsr-3397	124	6	better	well	ADJ
fsr-3397	124	7	off	off	ADP
fsr-3397	124	8	because	because	SCONJ
fsr-3397	124	9	of	of	ADP
fsr-3397	124	10	the	the	DET
fsr-3397	124	11	gains	gain	NOUN
fsr-3397	124	12	of	of	ADP
fsr-3397	124	13	these	these	DET
fsr-3397	124	14	past	past	ADJ
fsr-3397	124	15	winners	winner	NOUN
fsr-3397	124	16	,	,	PUNCT
fsr-3397	124	17	the	the	DET
fsr-3397	124	18	portfolio	portfolio	NOUN
fsr-3397	124	19	then	then	ADV
fsr-3397	124	20	becomes	become	VERB
fsr-3397	124	21	over	over	ADP
fsr-3397	124	22	-	-	PUNCT
fsr-3397	124	23	dependent	dependent	ADJ
fsr-3397	124	24	on	on	ADP
fsr-3397	124	25	their	their	PRON
fsr-3397	124	26	future	future	ADJ
fsr-3397	124	27	performance	performance	NOUN
fsr-3397	124	28	,	,	PUNCT
fsr-3397	124	29	which	which	PRON
fsr-3397	124	30	can	can	AUX
fsr-3397	124	31	not	not	PART
fsr-3397	124	32	be	be	AUX
fsr-3397	124	33	guaranteed	guarantee	VERB
fsr-3397	124	34	.	.	PUNCT
fsr-3397	125	1	regularly	regularly	ADV
fsr-3397	125	2	donating	donate	VERB
fsr-3397	125	3	the	the	DET
fsr-3397	125	4	most	most	ADV
fsr-3397	125	5	appreciated	appreciated	ADJ
fsr-3397	125	6	shares	share	NOUN
fsr-3397	125	7	helps	help	VERB
fsr-3397	125	8	reduce	reduce	VERB
fsr-3397	125	9	portfolio	portfolio	NOUN
fsr-3397	125	10	imbalances	imbalance	NOUN
fsr-3397	125	11	while	while	SCONJ
fsr-3397	125	12	never	never	ADV
fsr-3397	125	13	actually	actually	ADV
fsr-3397	125	14	realizing	realize	VERB
fsr-3397	125	15	gains	gain	NOUN
fsr-3397	125	16	for	for	ADP
fsr-3397	125	17	tax	tax	NOUN
fsr-3397	125	18	purposes	purpose	NOUN
fsr-3397	125	19	.	.	PUNCT
fsr-3397	126	1	the	the	DET
fsr-3397	126	2	cash	cash	NOUN
fsr-3397	126	3	which	which	PRON
fsr-3397	126	4	otherwise	otherwise	ADV
fsr-3397	126	5	would	would	AUX
fsr-3397	126	6	have	have	AUX
fsr-3397	126	7	been	be	AUX
fsr-3397	126	8	donated	donate	VERB
fsr-3397	126	9	is	be	AUX
fsr-3397	126	10	then	then	ADV
fsr-3397	126	11	invested	invest	VERB
fsr-3397	126	12	in	in	ADP
fsr-3397	126	13	the	the	DET
fsr-3397	126	14	least	least	ADV
fsr-3397	126	15	-	-	PUNCT
fsr-3397	126	16	weighted	weight	VERB
fsr-3397	126	17	stocks	stock	NOUN
fsr-3397	126	18	to	to	PART
fsr-3397	126	19	further	far	ADV
fsr-3397	126	20	facilitate	facilitate	VERB
fsr-3397	126	21	rebalancing	rebalancing	NOUN
fsr-3397	126	22	.	.	PUNCT
fsr-3397	127	1	as	as	SCONJ
fsr-3397	127	2	shown	show	VERB
fsr-3397	127	3	in	in	ADP
fsr-3397	127	4	table	table	NOUN
fsr-3397	127	5	2	2	NUM
fsr-3397	127	6	,	,	PUNCT
fsr-3397	127	7	the	the	DET
fsr-3397	127	8	stock	stock	NOUN
fsr-3397	127	9	donation	donation	NOUN
fsr-3397	127	10	strategy	strategy	NOUN
fsr-3397	127	11	does	do	AUX
fsr-3397	127	12	reduce	reduce	VERB
fsr-3397	127	13	risk	risk	NOUN
fsr-3397	127	14	versus	versus	ADP
fsr-3397	127	15	a	a	DET
fsr-3397	127	16	buy	buy	VERB
fsr-3397	127	17	-	-	PUNCT
fsr-3397	127	18	and	and	CCONJ
fsr-3397	127	19	-	-	PUNCT
fsr-3397	127	20	hold	hold	VERB
fsr-3397	127	21	benchmark	benchmark	NOUN
fsr-3397	127	22	,	,	PUNCT
fsr-3397	127	23	and	and	CCONJ
fsr-3397	127	24	the	the	DET
fsr-3397	127	25	more	more	ADV
fsr-3397	127	26	charitable	charitable	ADJ
fsr-3397	127	27	one	one	NOUN
fsr-3397	127	28	is	be	AUX
fsr-3397	127	29	,	,	PUNCT
fsr-3397	127	30	the	the	PRON
fsr-3397	127	31	greater	great	ADJ
fsr-3397	127	32	the	the	DET
fsr-3397	127	33	benefit	benefit	NOUN
fsr-3397	127	34	.	.	PUNCT
fsr-3397	128	1	for	for	ADP
fsr-3397	128	2	example	example	NOUN
fsr-3397	128	3	,	,	PUNCT
fsr-3397	128	4	the	the	DET
fsr-3397	128	5	sd	sd	NOUN
fsr-3397	128	6	(	(	PUNCT
fsr-3397	128	7	in	in	ADP
fsr-3397	128	8	dollars	dollar	NOUN
fsr-3397	128	9	)	)	PUNCT
fsr-3397	128	10	of	of	ADP
fsr-3397	128	11	terminal	terminal	ADJ
fsr-3397	128	12	wealth	wealth	NOUN
fsr-3397	128	13	after	after	ADP
fsr-3397	128	14	40	40	NUM
fsr-3397	128	15	years	year	NOUN
fsr-3397	128	16	for	for	ADP
fsr-3397	128	17	an	an	DET
fsr-3397	128	18	investor	investor	NOUN
fsr-3397	128	19	who	who	PRON
fsr-3397	128	20	realizes	realize	VERB
fsr-3397	128	21	losses	loss	NOUN
fsr-3397	128	22	and	and	CCONJ
fsr-3397	128	23	donates	donate	VERB
fsr-3397	128	24	10	10	NUM
fsr-3397	128	25	%	%	NOUN
fsr-3397	128	26	of	of	ADP
fsr-3397	128	27	his	his	PRON
fsr-3397	128	28	annual	annual	ADJ
fsr-3397	128	29	income	income	NOUN
fsr-3397	128	30	via	via	ADP
fsr-3397	128	31	appreciated	appreciated	ADJ
fsr-3397	128	32	stock	stock	NOUN
fsr-3397	128	33	is	be	AUX
fsr-3397	128	34	only	only	ADV
fsr-3397	128	35	79	79	NUM
fsr-3397	128	36	%	%	NOUN
fsr-3397	128	37	of	of	ADP
fsr-3397	128	38	what	what	PRON
fsr-3397	128	39	it	it	PRON
fsr-3397	128	40	would	would	AUX
fsr-3397	128	41	be	be	AUX
fsr-3397	128	42	for	for	ADP
fsr-3397	128	43	a	a	DET
fsr-3397	128	44	buy	buy	NOUN
fsr-3397	128	45	-	-	PUNCT
fsr-3397	128	46	andhold	andhold	VERB
fsr-3397	128	47	investor	investor	NOUN
fsr-3397	128	48	who	who	PRON
fsr-3397	128	49	donates	donate	VERB
fsr-3397	128	50	only	only	ADV
fsr-3397	128	51	cash	cash	NOUN
fsr-3397	128	52	.	.	PUNCT
fsr-3397	129	1	as	as	SCONJ
fsr-3397	129	2	previously	previously	ADV
fsr-3397	129	3	noted	note	VERB
fsr-3397	129	4	,	,	PUNCT
fsr-3397	129	5	one	one	PRON
fsr-3397	129	6	does	do	AUX
fsr-3397	129	7	not	not	PART
fsr-3397	129	8	have	have	VERB
fsr-3397	129	9	to	to	PART
fsr-3397	129	10	be	be	AUX
fsr-3397	129	11	a	a	DET
fsr-3397	129	12	large	large	ADJ
fsr-3397	129	13	donor	donor	NOUN
fsr-3397	129	14	to	to	PART
fsr-3397	129	15	benefit	benefit	VERB
fsr-3397	129	16	from	from	ADP
fsr-3397	129	17	this	this	PRON
fsr-3397	129	18	.	.	PUNCT
fsr-3397	130	1	if	if	SCONJ
fsr-3397	130	2	the	the	DET
fsr-3397	130	3	same	same	ADJ
fsr-3397	130	4	investor	investor	NOUN
fsr-3397	130	5	donated	donate	VERB
fsr-3397	130	6	only	only	ADV
fsr-3397	130	7	5	5	NUM
fsr-3397	130	8	%	%	NOUN
fsr-3397	130	9	of	of	ADP
fsr-3397	130	10	his	his	PRON
fsr-3397	130	11	income	income	NOUN
fsr-3397	130	12	,	,	PUNCT
fsr-3397	130	13	his	his	PRON
fsr-3397	130	14	sd	sd	NOUN
fsr-3397	130	15	would	would	AUX
fsr-3397	130	16	be	be	AUX
fsr-3397	130	17	86	86	NUM
fsr-3397	130	18	%	%	NOUN
fsr-3397	130	19	of	of	ADP
fsr-3397	130	20	its	its	PRON
fsr-3397	130	21	buy	buy	VERB
fsr-3397	130	22	-	-	PUNCT
fsr-3397	130	23	and	and	CCONJ
fsr-3397	130	24	-	-	PUNCT
fsr-3397	130	25	hold	hold	NOUN
fsr-3397	130	26	level	level	NOUN
fsr-3397	130	27	,	,	PUNCT
fsr-3397	130	28	thereby	thereby	ADV
fsr-3397	130	29	still	still	ADV
fsr-3397	130	30	realizing	realize	VERB
fsr-3397	130	31	about	about	ADV
fsr-3397	130	32	two	two	NUM
fsr-3397	130	33	-	-	PUNCT
fsr-3397	130	34	thirds	third	NOUN
fsr-3397	130	35	the	the	DET
fsr-3397	130	36	risk	risk	NOUN
fsr-3397	130	37	reduction	reduction	NOUN
fsr-3397	130	38	that	that	PRON
fsr-3397	130	39	a	a	DET
fsr-3397	130	40	10	10	NUM
fsr-3397	130	41	%	%	NOUN
fsr-3397	130	42	donor	donor	NOUN
fsr-3397	130	43	could	could	AUX
fsr-3397	130	44	.	.	PUNCT
fsr-3397	131	1	as	as	SCONJ
fsr-3397	131	2	expected	expect	VERB
fsr-3397	131	3	,	,	PUNCT
fsr-3397	131	4	the	the	PRON
fsr-3397	131	5	longer	long	ADJ
fsr-3397	131	6	the	the	DET
fsr-3397	131	7	investment	investment	NOUN
fsr-3397	131	8	period	period	NOUN
fsr-3397	131	9	,	,	PUNCT
fsr-3397	131	10	the	the	PRON
fsr-3397	131	11	greater	great	ADJ
fsr-3397	131	12	the	the	DET
fsr-3397	131	13	benefit	benefit	NOUN
fsr-3397	131	14	.	.	PUNCT
fsr-3397	132	1	over	over	ADP
fsr-3397	132	2	relatively	relatively	ADV
fsr-3397	132	3	short	short	ADJ
fsr-3397	132	4	periods	period	NOUN
fsr-3397	132	5	of	of	ADP
fsr-3397	132	6	10	10	NUM
fsr-3397	132	7	years	year	NOUN
fsr-3397	132	8	or	or	CCONJ
fsr-3397	132	9	less	less	ADJ
fsr-3397	132	10	,	,	PUNCT
fsr-3397	132	11	sd	sd	NOUN
fsr-3397	132	12	is	be	AUX
fsr-3397	132	13	not	not	PART
fsr-3397	132	14	much	much	ADV
fsr-3397	132	15	different	different	ADJ
fsr-3397	132	16	from	from	ADP
fsr-3397	132	17	what	what	PRON
fsr-3397	132	18	it	it	PRON
fsr-3397	132	19	would	would	AUX
fsr-3397	132	20	be	be	AUX
fsr-3397	132	21	using	use	VERB
fsr-3397	132	22	a	a	DET
fsr-3397	132	23	buy	buy	VERB
fsr-3397	132	24	-	-	PUNCT
fsr-3397	132	25	and	and	CCONJ
fsr-3397	132	26	-	-	PUNCT
fsr-3397	132	27	hold	hold	VERB
fsr-3397	132	28	approach	approach	NOUN
fsr-3397	132	29	.	.	PUNCT
fsr-3397	133	1	however	however	ADV
fsr-3397	133	2	,	,	PUNCT
fsr-3397	133	3	the	the	DET
fsr-3397	133	4	improvement	improvement	NOUN
fsr-3397	133	5	becomes	become	VERB
fsr-3397	133	6	substantial	substantial	ADJ
fsr-3397	133	7	over	over	ADP
fsr-3397	133	8	longer	long	ADJ
fsr-3397	133	9	periods	period	NOUN
fsr-3397	133	10	.	.	PUNCT
fsr-3397	134	1	table	table	NOUN
fsr-3397	134	2	2	2	NUM
fsr-3397	134	3	ratio	ratio	NOUN
fsr-3397	134	4	of	of	ADP
fsr-3397	134	5	standard	standard	ADJ
fsr-3397	134	6	deviation	deviation	NOUN
fsr-3397	134	7	of	of	ADP
fsr-3397	134	8	terminal	terminal	ADJ
fsr-3397	134	9	wealth	wealth	NOUN
fsr-3397	134	10	from	from	ADP
fsr-3397	134	11	tax	tax	NOUN
fsr-3397	134	12	-	-	PUNCT
fsr-3397	134	13	efficient	efficient	ADJ
fsr-3397	134	14	investment	investment	NOUN
fsr-3397	134	15	strategies	strategy	NOUN
fsr-3397	134	16	vs.	vs.	ADP
fsr-3397	134	17	buy	buy	NOUN
fsr-3397	134	18	-	-	PUNCT
fsr-3397	134	19	andhold	andhold	VERB
fsr-3397	134	20	years	year	NOUN
fsr-3397	134	21	invested	invest	VERB
fsr-3397	134	22	percentage	percentage	NOUN
fsr-3397	134	23	of	of	ADP
fsr-3397	134	24	income	income	NOUN
fsr-3397	134	25	donated	donate	VERB
fsr-3397	134	26	via	via	ADP
fsr-3397	134	27	appreciated	appreciated	ADJ
fsr-3397	134	28	stock	stock	NOUN
fsr-3397	134	29	0	0	NUM
fsr-3397	134	30	%	%	NOUN
fsr-3397	134	31	5	5	NUM
fsr-3397	134	32	%	%	NOUN
fsr-3397	134	33	10	10	NUM
fsr-3397	134	34	%	%	NOUN
fsr-3397	134	35	panel	panel	NOUN
fsr-3397	134	36	a	a	PRON
fsr-3397	134	37	:	:	PUNCT
fsr-3397	134	38	realize	realize	VERB
fsr-3397	134	39	no	no	DET
fsr-3397	134	40	losses	loss	NOUN
fsr-3397	134	41	or	or	CCONJ
fsr-3397	134	42	gains	gain	NOUN
fsr-3397	134	43	(	(	PUNCT
fsr-3397	134	44	buy	buy	VERB
fsr-3397	134	45	and	and	CCONJ
fsr-3397	134	46	hold	hold	VERB
fsr-3397	134	47	)	)	PUNCT
fsr-3397	134	48	10	10	NUM
fsr-3397	134	49	1.00	1.00	NUM
fsr-3397	134	50	0.99	0.99	NUM
fsr-3397	134	51	0.98	0.98	NUM
fsr-3397	134	52	20	20	NUM
fsr-3397	134	53	1.00	1.00	NUM
fsr-3397	134	54	0.95	0.95	NUM
fsr-3397	134	55	0.94	0.94	NUM
fsr-3397	134	56	30	30	NUM
fsr-3397	134	57	1.00	1.00	NUM
fsr-3397	134	58	0.91	0.91	NUM
fsr-3397	134	59	0.86	0.86	NUM
fsr-3397	134	60	40	40	NUM
fsr-3397	134	61	1.00	1.00	NUM
fsr-3397	134	62	0.86	0.86	NUM
fsr-3397	134	63	0.80	0.80	NUM
fsr-3397	134	64	50	50	NUM
fsr-3397	134	65	1.00	1.00	NUM
fsr-3397	134	66	0.83	0.83	NUM
fsr-3397	134	67	0.75	0.75	NUM
fsr-3397	134	68	panel	panel	NOUN
fsr-3397	134	69	b	b	NOUN
fsr-3397	134	70	:	:	PUNCT
fsr-3397	134	71	realize	realize	VERB
fsr-3397	134	72	all	all	DET
fsr-3397	134	73	losses	loss	NOUN
fsr-3397	134	74	each	each	DET
fsr-3397	134	75	year	year	NOUN
fsr-3397	134	76	10	10	NUM
fsr-3397	134	77	1.01	1.01	NUM
fsr-3397	134	78	0.99	0.99	NUM
fsr-3397	134	79	0.99	0.99	NUM
fsr-3397	134	80	20	20	NUM
fsr-3397	134	81	1.01	1.01	NUM
fsr-3397	134	82	0.97	0.97	NUM
fsr-3397	134	83	0.95	0.95	NUM
fsr-3397	134	84	30	30	NUM
fsr-3397	134	85	1.01	1.01	NUM
fsr-3397	134	86	0.92	0.92	NUM
fsr-3397	134	87	0.87	0.87	NUM
fsr-3397	134	88	40	40	NUM
fsr-3397	134	89	1.01	1.01	NUM
fsr-3397	134	90	0.86	0.86	NUM
fsr-3397	134	91	0.79	0.79	NUM
fsr-3397	134	92	50	50	NUM
fsr-3397	134	93	0.99	0.99	NUM
fsr-3397	134	94	0.83	0.83	NUM
fsr-3397	134	95	0.72	0.72	NUM
fsr-3397	134	96	panel	panel	NOUN
fsr-3397	134	97	c	c	NOUN
fsr-3397	134	98	:	:	PUNCT
fsr-3397	134	99	realize	realize	VERB
fsr-3397	134	100	all	all	DET
fsr-3397	134	101	losses	loss	NOUN
fsr-3397	134	102	and	and	CCONJ
fsr-3397	134	103	offsetting	offset	VERB
fsr-3397	134	104	gains	gain	NOUN
fsr-3397	134	105	10	10	NUM
fsr-3397	134	106	0.98	0.98	NUM
fsr-3397	134	107	0.98	0.98	NUM
fsr-3397	134	108	0.98	0.98	NUM
fsr-3397	134	109	20	20	NUM
fsr-3397	134	110	0.95	0.95	NUM
fsr-3397	134	111	0.94	0.94	NUM
fsr-3397	134	112	0.93	0.93	NUM
fsr-3397	134	113	30	30	NUM
fsr-3397	134	114	0.91	0.91	NUM
fsr-3397	134	115	0.85	0.85	NUM
fsr-3397	134	116	0.82	0.82	NUM
fsr-3397	134	117	40	40	NUM
fsr-3397	134	118	0.87	0.87	NUM
fsr-3397	134	119	0.80	0.80	NUM
fsr-3397	134	120	0.77	0.77	NUM
fsr-3397	134	121	50	50	NUM
fsr-3397	134	122	0.80	0.80	NUM
fsr-3397	134	123	0.68	0.68	NUM
fsr-3397	134	124	0.59	0.59	NUM
fsr-3397	134	125	264	264	NUM
fsr-3397	134	126	j.	j.	PROPN
fsr-3397	134	127	whitworth	whitworth	PROPN
fsr-3397	134	128	/	/	SYM
fsr-3397	134	129	financial	financial	ADJ
fsr-3397	134	130	services	service	NOUN
fsr-3397	134	131	review	review	VERB
fsr-3397	134	132	27	27	NUM
fsr-3397	134	133	(	(	PUNCT
fsr-3397	134	134	2018	2018	NUM
fsr-3397	134	135	)	)	PUNCT
fsr-3397	134	136	257	257	NUM
fsr-3397	134	137	-	-	SYM
fsr-3397	134	138	277	277	NUM
fsr-3397	134	139	an	an	DET
fsr-3397	134	140	additional	additional	ADJ
fsr-3397	134	141	clarification	clarification	NOUN
fsr-3397	134	142	is	be	AUX
fsr-3397	134	143	in	in	ADP
fsr-3397	134	144	order	order	NOUN
fsr-3397	134	145	here	here	ADV
fsr-3397	134	146	.	.	PUNCT
fsr-3397	135	1	the	the	DET
fsr-3397	135	2	risk	risk	NOUN
fsr-3397	135	3	reduction	reduction	NOUN
fsr-3397	135	4	relative	relative	ADJ
fsr-3397	135	5	to	to	ADP
fsr-3397	135	6	portfolio	portfolio	NOUN
fsr-3397	135	7	value	value	NOUN
fsr-3397	135	8	is	be	AUX
fsr-3397	135	9	actually	actually	ADV
fsr-3397	135	10	greater	great	ADJ
fsr-3397	135	11	than	than	ADP
fsr-3397	135	12	the	the	DET
fsr-3397	135	13	values	value	NOUN
fsr-3397	135	14	in	in	ADP
fsr-3397	135	15	table	table	NOUN
fsr-3397	135	16	2	2	NUM
fsr-3397	135	17	might	might	AUX
fsr-3397	135	18	suggest	suggest	VERB
fsr-3397	135	19	,	,	PUNCT
fsr-3397	135	20	because	because	SCONJ
fsr-3397	135	21	average	average	ADJ
fsr-3397	135	22	terminal	terminal	ADJ
fsr-3397	135	23	wealth	wealth	NOUN
fsr-3397	135	24	is	be	AUX
fsr-3397	135	25	higher	high	ADJ
fsr-3397	135	26	with	with	ADP
fsr-3397	135	27	the	the	DET
fsr-3397	135	28	tax	tax	NOUN
fsr-3397	135	29	-	-	PUNCT
fsr-3397	135	30	efficient	efficient	ADJ
fsr-3397	135	31	strategies	strategy	NOUN
fsr-3397	135	32	.	.	PUNCT
fsr-3397	136	1	even	even	ADV
fsr-3397	136	2	if	if	SCONJ
fsr-3397	136	3	all	all	DET
fsr-3397	136	4	ratios	ratio	NOUN
fsr-3397	136	5	in	in	ADP
fsr-3397	136	6	the	the	DET
fsr-3397	136	7	table	table	NOUN
fsr-3397	136	8	were	be	AUX
fsr-3397	136	9	equal	equal	ADJ
fsr-3397	136	10	to	to	ADP
fsr-3397	136	11	1.00	1.00	NUM
fsr-3397	136	12	(	(	PUNCT
fsr-3397	136	13	indicating	indicate	VERB
fsr-3397	136	14	no	no	DET
fsr-3397	136	15	change	change	NOUN
fsr-3397	136	16	in	in	ADP
fsr-3397	136	17	the	the	DET
fsr-3397	136	18	dollar	dollar	NOUN
fsr-3397	136	19	amount	amount	NOUN
fsr-3397	136	20	of	of	ADP
fsr-3397	136	21	the	the	DET
fsr-3397	136	22	sd	sd	NOUN
fsr-3397	136	23	)	)	PUNCT
fsr-3397	136	24	,	,	PUNCT
fsr-3397	136	25	that	that	PRON
fsr-3397	136	26	would	would	AUX
fsr-3397	136	27	still	still	ADV
fsr-3397	136	28	represent	represent	VERB
fsr-3397	136	29	a	a	DET
fsr-3397	136	30	reduction	reduction	NOUN
fsr-3397	136	31	in	in	ADP
fsr-3397	136	32	risk	risk	NOUN
fsr-3397	136	33	as	as	ADP
fsr-3397	136	34	a	a	DET
fsr-3397	136	35	percentage	percentage	NOUN
fsr-3397	136	36	of	of	ADP
fsr-3397	136	37	total	total	ADJ
fsr-3397	136	38	wealth	wealth	NOUN
fsr-3397	136	39	.	.	PUNCT
fsr-3397	137	1	the	the	DET
fsr-3397	137	2	fact	fact	NOUN
fsr-3397	137	3	that	that	SCONJ
fsr-3397	137	4	the	the	DET
fsr-3397	137	5	ratios	ratio	NOUN
fsr-3397	137	6	are	be	AUX
fsr-3397	137	7	actually	actually	ADV
fsr-3397	137	8	less	less	ADJ
fsr-3397	137	9	than	than	ADP
fsr-3397	137	10	1.00	1.00	NUM
fsr-3397	137	11	for	for	ADP
fsr-3397	137	12	stock	stock	NOUN
fsr-3397	137	13	donors	donor	NOUN
fsr-3397	137	14	(	(	PUNCT
fsr-3397	137	15	particularly	particularly	ADV
fsr-3397	137	16	over	over	ADP
fsr-3397	137	17	longer	long	ADJ
fsr-3397	137	18	periods	period	NOUN
fsr-3397	137	19	)	)	PUNCT
fsr-3397	137	20	is	be	AUX
fsr-3397	137	21	indicative	indicative	ADJ
fsr-3397	137	22	of	of	ADP
fsr-3397	137	23	an	an	DET
fsr-3397	137	24	even	even	ADV
fsr-3397	137	25	greater	great	ADJ
fsr-3397	137	26	improvement	improvement	NOUN
fsr-3397	137	27	in	in	ADP
fsr-3397	137	28	the	the	DET
fsr-3397	137	29	risk	risk	NOUN
fsr-3397	137	30	-	-	PUNCT
fsr-3397	137	31	to	to	ADP
fsr-3397	137	32	-	-	PUNCT
fsr-3397	137	33	reward	reward	NOUN
fsr-3397	137	34	ratio	ratio	NOUN
fsr-3397	137	35	.	.	PUNCT
fsr-3397	138	1	a	a	DET
fsr-3397	138	2	quick	quick	ADJ
fsr-3397	138	3	comparison	comparison	NOUN
fsr-3397	138	4	of	of	ADP
fsr-3397	138	5	panels	panel	NOUN
fsr-3397	138	6	a	a	PRON
fsr-3397	138	7	and	and	CCONJ
fsr-3397	138	8	b	b	NOUN
fsr-3397	138	9	shows	show	VERB
fsr-3397	138	10	that	that	SCONJ
fsr-3397	138	11	realizing	realize	VERB
fsr-3397	138	12	losses	loss	NOUN
fsr-3397	138	13	in	in	ADP
fsr-3397	138	14	itself	itself	PRON
fsr-3397	138	15	,	,	PUNCT
fsr-3397	138	16	while	while	SCONJ
fsr-3397	138	17	still	still	ADV
fsr-3397	138	18	a	a	DET
fsr-3397	138	19	good	good	ADJ
fsr-3397	138	20	idea	idea	NOUN
fsr-3397	138	21	,	,	PUNCT
fsr-3397	138	22	does	do	AUX
fsr-3397	138	23	not	not	PART
fsr-3397	138	24	substantially	substantially	ADV
fsr-3397	138	25	reduce	reduce	VERB
fsr-3397	138	26	risk	risk	NOUN
fsr-3397	138	27	,	,	PUNCT
fsr-3397	138	28	as	as	SCONJ
fsr-3397	138	29	tax	tax	NOUN
fsr-3397	138	30	-	-	PUNCT
fsr-3397	138	31	loss	loss	NOUN
fsr-3397	138	32	selling	selling	NOUN
fsr-3397	138	33	contributes	contribute	VERB
fsr-3397	138	34	to	to	ADP
fsr-3397	138	35	only	only	ADV
fsr-3397	138	36	limited	limited	ADJ
fsr-3397	138	37	portfolio	portfolio	NOUN
fsr-3397	138	38	rebalancing	rebalancing	NOUN
fsr-3397	138	39	and	and	CCONJ
fsr-3397	138	40	does	do	AUX
fsr-3397	138	41	not	not	PART
fsr-3397	138	42	address	address	VERB
fsr-3397	138	43	the	the	DET
fsr-3397	138	44	handful	handful	NOUN
fsr-3397	138	45	of	of	ADP
fsr-3397	138	46	big	big	ADJ
fsr-3397	138	47	winners	winner	NOUN
fsr-3397	138	48	that	that	PRON
fsr-3397	138	49	tend	tend	VERB
fsr-3397	138	50	to	to	PART
fsr-3397	138	51	be	be	AUX
fsr-3397	138	52	most	most	ADV
fsr-3397	138	53	responsible	responsible	ADJ
fsr-3397	138	54	for	for	ADP
fsr-3397	138	55	portfolio	portfolio	NOUN
fsr-3397	138	56	imbalances	imbalance	NOUN
fsr-3397	138	57	.	.	PUNCT
fsr-3397	139	1	however	however	ADV
fsr-3397	139	2	,	,	PUNCT
fsr-3397	139	3	panel	panel	NOUN
fsr-3397	139	4	c	c	PROPN
fsr-3397	139	5	shows	show	VERB
fsr-3397	139	6	that	that	PRON
fsr-3397	139	7	gain	gain	NOUN
fsr-3397	139	8	harvesting	harvesting	NOUN
fsr-3397	139	9	has	have	VERB
fsr-3397	139	10	a	a	DET
fsr-3397	139	11	significant	significant	ADJ
fsr-3397	139	12	risk	risk	NOUN
fsr-3397	139	13	-	-	PUNCT
fsr-3397	139	14	reduction	reduction	NOUN
fsr-3397	139	15	effect	effect	NOUN
fsr-3397	139	16	.	.	PUNCT
fsr-3397	140	1	an	an	DET
fsr-3397	140	2	investor	investor	NOUN
fsr-3397	140	3	who	who	PRON
fsr-3397	140	4	normally	normally	ADV
fsr-3397	140	5	harvests	harvest	VERB
fsr-3397	140	6	only	only	ADV
fsr-3397	140	7	losses	loss	NOUN
fsr-3397	140	8	and	and	CCONJ
fsr-3397	140	9	donates	donate	VERB
fsr-3397	140	10	5	5	NUM
fsr-3397	140	11	%	%	NOUN
fsr-3397	140	12	of	of	ADP
fsr-3397	140	13	her	her	PRON
fsr-3397	140	14	income	income	NOUN
fsr-3397	140	15	in	in	ADP
fsr-3397	140	16	cash	cash	NOUN
fsr-3397	140	17	can	can	AUX
fsr-3397	140	18	reduce	reduce	VERB
fsr-3397	140	19	her	her	PRON
fsr-3397	140	20	40	40	NUM
fsr-3397	140	21	-	-	PUNCT
fsr-3397	140	22	year	year	NOUN
fsr-3397	140	23	sd	sd	NOUN
fsr-3397	140	24	to	to	ADP
fsr-3397	140	25	86	86	NUM
fsr-3397	140	26	%	%	NOUN
fsr-3397	140	27	of	of	ADP
fsr-3397	140	28	its	its	PRON
fsr-3397	140	29	buy	buy	VERB
fsr-3397	140	30	-	-	PUNCT
fsr-3397	140	31	and	and	CCONJ
fsr-3397	140	32	-	-	PUNCT
fsr-3397	140	33	hold	hold	VERB
fsr-3397	140	34	level	level	NOUN
fsr-3397	140	35	by	by	ADP
fsr-3397	140	36	donating	donate	VERB
fsr-3397	140	37	stock	stock	NOUN
fsr-3397	140	38	instead	instead	ADV
fsr-3397	140	39	,	,	PUNCT
fsr-3397	140	40	or	or	CCONJ
fsr-3397	140	41	to	to	ADP
fsr-3397	140	42	87	87	NUM
fsr-3397	140	43	%	%	NOUN
fsr-3397	140	44	by	by	ADP
fsr-3397	140	45	also	also	ADV
fsr-3397	140	46	harvesting	harvest	VERB
fsr-3397	140	47	“	"	PUNCT
fsr-3397	140	48	rebalancing	rebalancing	NOUN
fsr-3397	140	49	gains	gain	NOUN
fsr-3397	140	50	.	.	PUNCT
fsr-3397	140	51	”	"	PUNCT
fsr-3397	141	1	of	of	ADP
fsr-3397	141	2	course	course	NOUN
fsr-3397	141	3	,	,	PUNCT
fsr-3397	141	4	there	there	PRON
fsr-3397	141	5	is	be	VERB
fsr-3397	141	6	no	no	DET
fsr-3397	141	7	reason	reason	NOUN
fsr-3397	141	8	she	she	PRON
fsr-3397	141	9	can	can	AUX
fsr-3397	141	10	not	not	PART
fsr-3397	141	11	do	do	VERB
fsr-3397	141	12	both	both	PRON
fsr-3397	141	13	.	.	PUNCT
fsr-3397	142	1	however	however	ADV
fsr-3397	142	2	,	,	PUNCT
fsr-3397	142	3	the	the	DET
fsr-3397	142	4	additional	additional	ADJ
fsr-3397	142	5	benefit	benefit	NOUN
fsr-3397	142	6	would	would	AUX
fsr-3397	142	7	be	be	AUX
fsr-3397	142	8	smaller	small	ADJ
fsr-3397	142	9	,	,	PUNCT
fsr-3397	142	10	reducing	reduce	VERB
fsr-3397	142	11	sd	sd	NOUN
fsr-3397	142	12	to	to	ADP
fsr-3397	142	13	80	80	NUM
fsr-3397	142	14	%	%	NOUN
fsr-3397	142	15	of	of	ADP
fsr-3397	142	16	its	its	PRON
fsr-3397	142	17	buy	buy	VERB
fsr-3397	142	18	-	-	PUNCT
fsr-3397	142	19	and	and	CCONJ
fsr-3397	142	20	-	-	PUNCT
fsr-3397	142	21	hold	hold	VERB
fsr-3397	142	22	equivalent	equivalent	ADJ
fsr-3397	142	23	—	—	PUNCT
fsr-3397	142	24	an	an	DET
fsr-3397	142	25	additional	additional	ADJ
fsr-3397	142	26	decrease	decrease	NOUN
fsr-3397	142	27	of	of	ADP
fsr-3397	142	28	only	only	ADV
fsr-3397	142	29	6	6	NUM
fsr-3397	142	30	or	or	CCONJ
fsr-3397	142	31	7	7	NUM
fsr-3397	142	32	percentage	percentage	NOUN
fsr-3397	142	33	points	point	NOUN
fsr-3397	142	34	.	.	PUNCT
fsr-3397	143	1	this	this	PRON
fsr-3397	143	2	is	be	AUX
fsr-3397	143	3	because	because	SCONJ
fsr-3397	143	4	,	,	PUNCT
fsr-3397	143	5	as	as	SCONJ
fsr-3397	143	6	previously	previously	ADV
fsr-3397	143	7	discussed	discuss	VERB
fsr-3397	143	8	,	,	PUNCT
fsr-3397	143	9	the	the	DET
fsr-3397	143	10	two	two	NUM
fsr-3397	143	11	strategies	strategy	NOUN
fsr-3397	143	12	overlap	overlap	VERB
fsr-3397	143	13	somewhat	somewhat	ADV
fsr-3397	143	14	,	,	PUNCT
fsr-3397	143	15	both	both	PRON
fsr-3397	143	16	tending	tend	VERB
fsr-3397	143	17	to	to	PART
fsr-3397	143	18	dispose	dispose	VERB
fsr-3397	143	19	of	of	ADP
fsr-3397	143	20	the	the	DET
fsr-3397	143	21	most	most	ADV
fsr-3397	143	22	appreciated	appreciated	ADJ
fsr-3397	143	23	shares	share	NOUN
fsr-3397	143	24	.	.	PUNCT
fsr-3397	144	1	3.3	3.3	NUM
fsr-3397	144	2	.	.	PUNCT
fsr-3397	145	1	portfolio	portfolio	NOUN
fsr-3397	145	2	concentration	concentration	NOUN
fsr-3397	145	3	table	table	NOUN
fsr-3397	145	4	3	3	NUM
fsr-3397	145	5	provides	provide	VERB
fsr-3397	145	6	more	more	ADJ
fsr-3397	145	7	direct	direct	ADJ
fsr-3397	145	8	evidence	evidence	NOUN
fsr-3397	145	9	on	on	ADP
fsr-3397	145	10	the	the	DET
fsr-3397	145	11	degree	degree	NOUN
fsr-3397	145	12	to	to	PART
fsr-3397	145	13	which	which	PRON
fsr-3397	145	14	the	the	DET
fsr-3397	145	15	tax	tax	NOUN
fsr-3397	145	16	-	-	PUNCT
fsr-3397	145	17	efficient	efficient	ADJ
fsr-3397	145	18	strategies	strategy	NOUN
fsr-3397	145	19	discussed	discuss	VERB
fsr-3397	145	20	in	in	ADP
fsr-3397	145	21	this	this	DET
fsr-3397	145	22	paper	paper	NOUN
fsr-3397	145	23	prevent	prevent	NOUN
fsr-3397	145	24	a	a	DET
fsr-3397	145	25	portfolio	portfolio	NOUN
fsr-3397	145	26	from	from	ADP
fsr-3397	145	27	becoming	become	VERB
fsr-3397	145	28	too	too	ADV
fsr-3397	145	29	concentrated	concentrated	ADJ
fsr-3397	145	30	over	over	ADP
fsr-3397	145	31	time	time	NOUN
fsr-3397	145	32	.	.	PUNCT
fsr-3397	146	1	to	to	PART
fsr-3397	146	2	table	table	VERB
fsr-3397	146	3	3	3	NUM
fsr-3397	146	4	mean	mean	NOUN
fsr-3397	146	5	portfolio	portfolio	NOUN
fsr-3397	146	6	concentration	concentration	NOUN
fsr-3397	146	7	index	index	NOUN
fsr-3397	146	8	(	(	PUNCT
fsr-3397	146	9	sum	sum	NOUN
fsr-3397	146	10	of	of	ADP
fsr-3397	146	11	squared	square	VERB
fsr-3397	146	12	weights	weight	NOUN
fsr-3397	146	13	)	)	PUNCT
fsr-3397	146	14	from	from	ADP
fsr-3397	146	15	alternative	alternative	ADJ
fsr-3397	146	16	investment	investment	NOUN
fsr-3397	146	17	strategies	strategy	NOUN
fsr-3397	146	18	years	year	NOUN
fsr-3397	146	19	invested	invest	VERB
fsr-3397	146	20	percentage	percentage	NOUN
fsr-3397	146	21	of	of	ADP
fsr-3397	146	22	income	income	NOUN
fsr-3397	146	23	donated	donate	VERB
fsr-3397	146	24	via	via	ADP
fsr-3397	146	25	appreciated	appreciated	ADJ
fsr-3397	146	26	stock	stock	NOUN
fsr-3397	146	27	0	0	NUM
fsr-3397	146	28	%	%	NOUN
fsr-3397	146	29	5	5	NUM
fsr-3397	146	30	%	%	NOUN
fsr-3397	146	31	10	10	NUM
fsr-3397	146	32	%	%	NOUN
fsr-3397	146	33	panel	panel	NOUN
fsr-3397	146	34	a	a	PRON
fsr-3397	146	35	:	:	PUNCT
fsr-3397	146	36	realize	realize	VERB
fsr-3397	146	37	no	no	DET
fsr-3397	146	38	losses	loss	NOUN
fsr-3397	146	39	or	or	CCONJ
fsr-3397	146	40	gains	gain	NOUN
fsr-3397	146	41	(	(	PUNCT
fsr-3397	146	42	buy	buy	VERB
fsr-3397	146	43	and	and	CCONJ
fsr-3397	146	44	hold	hold	VERB
fsr-3397	146	45	)	)	PUNCT
fsr-3397	146	46	10	10	NUM
fsr-3397	146	47	0.10	0.10	NUM
fsr-3397	146	48	0.07	0.07	NUM
fsr-3397	146	49	0.06	0.06	NUM
fsr-3397	146	50	20	20	NUM
fsr-3397	146	51	0.18	0.18	NUM
fsr-3397	146	52	0.09	0.09	NUM
fsr-3397	146	53	0.07	0.07	NUM
fsr-3397	146	54	30	30	NUM
fsr-3397	146	55	0.26	0.26	NUM
fsr-3397	146	56	0.12	0.12	NUM
fsr-3397	146	57	0.09	0.09	NUM
fsr-3397	146	58	40	40	NUM
fsr-3397	146	59	0.33	0.33	NUM
fsr-3397	146	60	0.15	0.15	NUM
fsr-3397	146	61	0.10	0.10	NUM
fsr-3397	146	62	50	50	NUM
fsr-3397	146	63	0.38	0.38	NUM
fsr-3397	146	64	0.17	0.17	NUM
fsr-3397	146	65	0.13	0.13	NUM
fsr-3397	146	66	panel	panel	NOUN
fsr-3397	146	67	b	b	NOUN
fsr-3397	146	68	:	:	PUNCT
fsr-3397	146	69	realize	realize	VERB
fsr-3397	146	70	all	all	DET
fsr-3397	146	71	losses	loss	NOUN
fsr-3397	146	72	each	each	DET
fsr-3397	146	73	year	year	NOUN
fsr-3397	146	74	10	10	NUM
fsr-3397	146	75	0.09	0.09	NUM
fsr-3397	146	76	0.06	0.06	NUM
fsr-3397	146	77	0.05	0.05	NUM
fsr-3397	146	78	20	20	NUM
fsr-3397	146	79	0.16	0.16	NUM
fsr-3397	146	80	0.09	0.09	NUM
fsr-3397	146	81	0.07	0.07	NUM
fsr-3397	146	82	30	30	NUM
fsr-3397	146	83	0.23	0.23	NUM
fsr-3397	146	84	0.12	0.12	NUM
fsr-3397	146	85	0.09	0.09	NUM
fsr-3397	146	86	40	40	NUM
fsr-3397	146	87	0.28	0.28	NUM
fsr-3397	146	88	0.15	0.15	NUM
fsr-3397	146	89	0.11	0.11	NUM
fsr-3397	146	90	50	50	NUM
fsr-3397	146	91	0.33	0.33	NUM
fsr-3397	146	92	0.17	0.17	NUM
fsr-3397	146	93	0.13	0.13	NUM
fsr-3397	146	94	panel	panel	NOUN
fsr-3397	146	95	c	c	NOUN
fsr-3397	146	96	:	:	PUNCT
fsr-3397	146	97	realize	realize	VERB
fsr-3397	146	98	all	all	DET
fsr-3397	146	99	losses	loss	NOUN
fsr-3397	146	100	and	and	CCONJ
fsr-3397	146	101	offsetting	offset	VERB
fsr-3397	146	102	gains	gain	NOUN
fsr-3397	146	103	10	10	NUM
fsr-3397	146	104	0.05	0.05	NUM
fsr-3397	146	105	0.05	0.05	NUM
fsr-3397	146	106	0.04	0.04	NUM
fsr-3397	146	107	20	20	NUM
fsr-3397	146	108	0.08	0.08	NUM
fsr-3397	146	109	0.06	0.06	NUM
fsr-3397	146	110	0.05	0.05	NUM
fsr-3397	146	111	30	30	NUM
fsr-3397	146	112	0.12	0.12	NUM
fsr-3397	146	113	0.07	0.07	NUM
fsr-3397	146	114	0.06	0.06	NUM
fsr-3397	146	115	40	40	NUM
fsr-3397	146	116	0.17	0.17	NUM
fsr-3397	146	117	0.09	0.09	NUM
fsr-3397	146	118	0.07	0.07	NUM
fsr-3397	146	119	50	50	NUM
fsr-3397	146	120	0.22	0.22	NUM
fsr-3397	146	121	0.11	0.11	NUM
fsr-3397	146	122	0.09	0.09	NUM
fsr-3397	146	123	265j	265j	NOUN
fsr-3397	146	124	.	.	PUNCT
fsr-3397	147	1	whitworth	whitworth	PROPN
fsr-3397	147	2	/	/	SYM
fsr-3397	147	3	financial	financial	ADJ
fsr-3397	147	4	services	service	NOUN
fsr-3397	147	5	review	review	VERB
fsr-3397	147	6	27	27	NUM
fsr-3397	147	7	(	(	PUNCT
fsr-3397	147	8	2018	2018	NUM
fsr-3397	147	9	)	)	PUNCT
fsr-3397	147	10	257	257	NUM
fsr-3397	147	11	-	-	SYM
fsr-3397	147	12	277	277	NUM
fsr-3397	147	13	measure	measure	NOUN
fsr-3397	147	14	concentration	concentration	NOUN
fsr-3397	148	1	,	,	PUNCT
fsr-3397	148	2	we	we	PRON
fsr-3397	148	3	compute	compute	VERB
fsr-3397	148	4	the	the	DET
fsr-3397	148	5	sum	sum	NOUN
fsr-3397	148	6	of	of	ADP
fsr-3397	148	7	the	the	DET
fsr-3397	148	8	squares	square	NOUN
fsr-3397	148	9	of	of	ADP
fsr-3397	148	10	the	the	DET
fsr-3397	148	11	individual	individual	ADJ
fsr-3397	148	12	weights	weight	NOUN
fsr-3397	148	13	of	of	ADP
fsr-3397	148	14	each	each	DET
fsr-3397	148	15	stock	stock	NOUN
fsr-3397	148	16	in	in	ADP
fsr-3397	148	17	the	the	DET
fsr-3397	148	18	portfolio	portfolio	NOUN
fsr-3397	148	19	at	at	ADP
fsr-3397	148	20	the	the	DET
fsr-3397	148	21	end	end	NOUN
fsr-3397	148	22	of	of	ADP
fsr-3397	148	23	the	the	DET
fsr-3397	148	24	simulated	simulate	VERB
fsr-3397	148	25	investment	investment	NOUN
fsr-3397	148	26	horizon.6	horizon.6	NOUN
fsr-3397	148	27	in	in	ADP
fsr-3397	148	28	the	the	DET
fsr-3397	148	29	ideal	ideal	ADJ
fsr-3397	148	30	scenario	scenario	NOUN
fsr-3397	148	31	of	of	ADP
fsr-3397	148	32	a	a	DET
fsr-3397	148	33	perfectly	perfectly	ADV
fsr-3397	148	34	diversified	diversified	ADJ
fsr-3397	148	35	portfolio	portfolio	NOUN
fsr-3397	148	36	(	(	PUNCT
fsr-3397	148	37	i.e.	i.e.	X
fsr-3397	148	38	,	,	PUNCT
fsr-3397	148	39	with	with	ADP
fsr-3397	148	40	equal	equal	ADJ
fsr-3397	148	41	amounts	amount	NOUN
fsr-3397	148	42	invested	invest	VERB
fsr-3397	148	43	in	in	ADP
fsr-3397	148	44	each	each	PRON
fsr-3397	148	45	of	of	ADP
fsr-3397	148	46	the	the	DET
fsr-3397	148	47	25	25	NUM
fsr-3397	148	48	stocks	stock	NOUN
fsr-3397	148	49	)	)	PUNCT
fsr-3397	148	50	,	,	PUNCT
fsr-3397	148	51	the	the	DET
fsr-3397	148	52	index	index	NOUN
fsr-3397	148	53	would	would	AUX
fsr-3397	148	54	be	be	AUX
fsr-3397	148	55	1/25	1/25	NUM
fsr-3397	148	56	,	,	PUNCT
fsr-3397	148	57	or	or	CCONJ
fsr-3397	148	58	0.04	0.04	NUM
fsr-3397	148	59	,	,	PUNCT
fsr-3397	148	60	whereas	whereas	SCONJ
fsr-3397	148	61	the	the	DET
fsr-3397	148	62	most	most	ADV
fsr-3397	148	63	unbalanced	unbalanced	ADJ
fsr-3397	148	64	portfolio	portfolio	NOUN
fsr-3397	148	65	possible	possible	ADJ
fsr-3397	148	66	(	(	PUNCT
fsr-3397	148	67	i.e.	i.e.	X
fsr-3397	148	68	,	,	PUNCT
fsr-3397	148	69	completely	completely	ADV
fsr-3397	148	70	concentrated	concentrated	ADJ
fsr-3397	148	71	in	in	ADP
fsr-3397	148	72	just	just	ADV
fsr-3397	148	73	one	one	NUM
fsr-3397	148	74	stock	stock	NOUN
fsr-3397	148	75	)	)	PUNCT
fsr-3397	148	76	would	would	AUX
fsr-3397	148	77	have	have	VERB
fsr-3397	148	78	an	an	DET
fsr-3397	148	79	index	index	NOUN
fsr-3397	148	80	of	of	ADP
fsr-3397	148	81	1.00	1.00	NUM
fsr-3397	148	82	.	.	PUNCT
fsr-3397	149	1	there	there	PRON
fsr-3397	149	2	certainly	certainly	ADV
fsr-3397	149	3	is	be	AUX
fsr-3397	149	4	a	a	DET
fsr-3397	149	5	tendency	tendency	NOUN
fsr-3397	149	6	for	for	SCONJ
fsr-3397	149	7	portfolios	portfolio	NOUN
fsr-3397	149	8	left	leave	VERB
fsr-3397	149	9	to	to	ADP
fsr-3397	149	10	themselves	themselves	PRON
fsr-3397	149	11	to	to	PART
fsr-3397	149	12	become	become	VERB
fsr-3397	149	13	more	more	ADV
fsr-3397	149	14	unbalanced	unbalanced	ADJ
fsr-3397	149	15	over	over	ADP
fsr-3397	149	16	time	time	NOUN
fsr-3397	149	17	.	.	PUNCT
fsr-3397	150	1	as	as	SCONJ
fsr-3397	150	2	shown	show	VERB
fsr-3397	150	3	in	in	ADP
fsr-3397	150	4	panel	panel	NOUN
fsr-3397	150	5	a	a	NOUN
fsr-3397	150	6	,	,	PUNCT
fsr-3397	150	7	a	a	DET
fsr-3397	150	8	pure	pure	ADJ
fsr-3397	150	9	buy	buy	NOUN
fsr-3397	150	10	-	-	PUNCT
fsr-3397	150	11	and	and	CCONJ
fsr-3397	150	12	-	-	PUNCT
fsr-3397	150	13	hold	hold	VERB
fsr-3397	150	14	portfolio	portfolio	NOUN
fsr-3397	150	15	after	after	ADP
fsr-3397	150	16	10	10	NUM
fsr-3397	150	17	years	year	NOUN
fsr-3397	150	18	will	will	AUX
fsr-3397	150	19	on	on	ADP
fsr-3397	150	20	average	average	ADJ
fsr-3397	150	21	have	have	VERB
fsr-3397	150	22	a	a	DET
fsr-3397	150	23	concentration	concentration	NOUN
fsr-3397	150	24	index	index	NOUN
fsr-3397	150	25	of	of	ADP
fsr-3397	150	26	0.10	0.10	NUM
fsr-3397	150	27	,	,	PUNCT
fsr-3397	150	28	which	which	PRON
fsr-3397	150	29	is	be	AUX
fsr-3397	150	30	equivalent	equivalent	ADJ
fsr-3397	150	31	to	to	ADP
fsr-3397	150	32	all	all	PRON
fsr-3397	150	33	of	of	ADP
fsr-3397	150	34	the	the	DET
fsr-3397	150	35	wealth	wealth	NOUN
fsr-3397	150	36	being	be	AUX
fsr-3397	150	37	spread	spread	VERB
fsr-3397	150	38	across	across	ADP
fsr-3397	150	39	just	just	ADV
fsr-3397	150	40	10	10	NUM
fsr-3397	150	41	of	of	ADP
fsr-3397	150	42	the	the	DET
fsr-3397	150	43	25	25	NUM
fsr-3397	150	44	stocks	stock	NOUN
fsr-3397	150	45	.	.	PUNCT
fsr-3397	151	1	after	after	ADP
fsr-3397	151	2	30	30	NUM
fsr-3397	151	3	years	year	NOUN
fsr-3397	151	4	the	the	DET
fsr-3397	151	5	average	average	ADJ
fsr-3397	151	6	index	index	NOUN
fsr-3397	151	7	rises	rise	VERB
fsr-3397	151	8	to	to	ADP
fsr-3397	151	9	0.26	0.26	NUM
fsr-3397	151	10	,	,	PUNCT
fsr-3397	151	11	approximately	approximately	ADV
fsr-3397	151	12	equivalent	equivalent	ADJ
fsr-3397	151	13	to	to	ADP
fsr-3397	151	14	having	have	VERB
fsr-3397	151	15	all	all	DET
fsr-3397	151	16	portfolio	portfolio	NOUN
fsr-3397	151	17	wealth	wealth	NOUN
fsr-3397	151	18	concentrated	concentrate	VERB
fsr-3397	151	19	in	in	ADP
fsr-3397	151	20	only	only	ADV
fsr-3397	151	21	four	four	NUM
fsr-3397	151	22	stocks	stock	NOUN
fsr-3397	151	23	.	.	PUNCT
fsr-3397	152	1	over	over	ADP
fsr-3397	152	2	longer	long	ADJ
fsr-3397	152	3	time	time	NOUN
fsr-3397	152	4	frames	frame	NOUN
fsr-3397	152	5	,	,	PUNCT
fsr-3397	152	6	this	this	DET
fsr-3397	152	7	imbalance	imbalance	NOUN
fsr-3397	152	8	becomes	become	VERB
fsr-3397	152	9	worse	bad	ADJ
fsr-3397	152	10	still	still	ADV
fsr-3397	152	11	.	.	PUNCT
fsr-3397	153	1	fortunately	fortunately	ADV
fsr-3397	153	2	,	,	PUNCT
fsr-3397	153	3	all	all	PRON
fsr-3397	153	4	of	of	ADP
fsr-3397	153	5	the	the	DET
fsr-3397	153	6	tax	tax	NOUN
fsr-3397	153	7	-	-	PUNCT
fsr-3397	153	8	advantaged	advantage	VERB
fsr-3397	153	9	strategies	strategy	NOUN
fsr-3397	153	10	presented	present	VERB
fsr-3397	153	11	improve	improve	VERB
fsr-3397	153	12	diversification	diversification	NOUN
fsr-3397	153	13	.	.	PUNCT
fsr-3397	154	1	as	as	SCONJ
fsr-3397	154	2	shown	show	VERB
fsr-3397	154	3	by	by	ADP
fsr-3397	154	4	comparing	compare	VERB
fsr-3397	154	5	the	the	DET
fsr-3397	154	6	first	first	ADJ
fsr-3397	154	7	column	column	NOUN
fsr-3397	154	8	of	of	ADP
fsr-3397	154	9	panels	panel	NOUN
fsr-3397	154	10	a	a	PRON
fsr-3397	154	11	and	and	CCONJ
fsr-3397	154	12	b	b	NOUN
fsr-3397	154	13	,	,	PUNCT
fsr-3397	154	14	even	even	ADV
fsr-3397	154	15	just	just	ADV
fsr-3397	154	16	realizing	realize	VERB
fsr-3397	154	17	losses	loss	NOUN
fsr-3397	154	18	helps	help	VERB
fsr-3397	154	19	some	some	PRON
fsr-3397	154	20	,	,	PUNCT
fsr-3397	154	21	because	because	SCONJ
fsr-3397	154	22	selling	sell	VERB
fsr-3397	154	23	the	the	DET
fsr-3397	154	24	losing	lose	VERB
fsr-3397	154	25	stocks	stock	NOUN
fsr-3397	154	26	and	and	CCONJ
fsr-3397	154	27	then	then	ADV
fsr-3397	154	28	investing	invest	VERB
fsr-3397	154	29	the	the	DET
fsr-3397	154	30	proceeds	proceed	NOUN
fsr-3397	154	31	equally	equally	ADV
fsr-3397	154	32	across	across	ADP
fsr-3397	154	33	all	all	PRON
fsr-3397	154	34	of	of	ADP
fsr-3397	154	35	them	they	PRON
fsr-3397	154	36	makes	make	VERB
fsr-3397	154	37	at	at	ADP
fsr-3397	154	38	least	least	ADJ
fsr-3397	154	39	that	that	DET
fsr-3397	154	40	portion	portion	NOUN
fsr-3397	154	41	of	of	ADP
fsr-3397	154	42	the	the	DET
fsr-3397	154	43	portfolio	portfolio	NOUN
fsr-3397	154	44	better	well	ADV
fsr-3397	154	45	balanced	balanced	ADJ
fsr-3397	154	46	.	.	PUNCT
fsr-3397	155	1	far	far	ADV
fsr-3397	155	2	greater	great	ADJ
fsr-3397	155	3	diversification	diversification	NOUN
fsr-3397	155	4	improvements	improvement	NOUN
fsr-3397	155	5	,	,	PUNCT
fsr-3397	155	6	however	however	ADV
fsr-3397	155	7	,	,	PUNCT
fsr-3397	155	8	are	be	AUX
fsr-3397	155	9	achievable	achievable	ADJ
fsr-3397	155	10	either	either	ADV
fsr-3397	155	11	by	by	ADP
fsr-3397	155	12	donating	donate	VERB
fsr-3397	155	13	appreciated	appreciated	ADJ
fsr-3397	155	14	stocks	stock	NOUN
fsr-3397	155	15	,	,	PUNCT
fsr-3397	155	16	harvesting	harvest	VERB
fsr-3397	155	17	some	some	DET
fsr-3397	155	18	capital	capital	NOUN
fsr-3397	155	19	gains	gain	NOUN
fsr-3397	155	20	,	,	PUNCT
fsr-3397	155	21	or	or	CCONJ
fsr-3397	155	22	ideally	ideally	ADV
fsr-3397	155	23	both	both	PRON
fsr-3397	155	24	.	.	PUNCT
fsr-3397	156	1	as	as	SCONJ
fsr-3397	156	2	shown	show	VERB
fsr-3397	156	3	in	in	ADP
fsr-3397	156	4	panels	panel	NOUN
fsr-3397	156	5	a	a	PRON
fsr-3397	156	6	and	and	CCONJ
fsr-3397	156	7	b	b	NOUN
fsr-3397	156	8	,	,	PUNCT
fsr-3397	156	9	even	even	ADV
fsr-3397	156	10	a	a	DET
fsr-3397	156	11	5	5	NUM
fsr-3397	156	12	%	%	NOUN
fsr-3397	156	13	charitable	charitable	ADJ
fsr-3397	156	14	donor	donor	NOUN
fsr-3397	156	15	can	can	AUX
fsr-3397	156	16	significantly	significantly	ADV
fsr-3397	156	17	slow	slow	VERB
fsr-3397	156	18	the	the	DET
fsr-3397	156	19	growth	growth	NOUN
fsr-3397	156	20	in	in	ADP
fsr-3397	156	21	portfolio	portfolio	NOUN
fsr-3397	156	22	concentration	concentration	NOUN
fsr-3397	156	23	over	over	ADP
fsr-3397	156	24	time	time	NOUN
fsr-3397	156	25	simply	simply	ADV
fsr-3397	156	26	by	by	ADP
fsr-3397	156	27	giving	give	VERB
fsr-3397	156	28	appreciated	appreciated	ADJ
fsr-3397	156	29	stock	stock	NOUN
fsr-3397	156	30	;	;	PUNCT
fsr-3397	156	31	10	10	NUM
fsr-3397	156	32	%	%	NOUN
fsr-3397	156	33	donors	donor	NOUN
fsr-3397	156	34	can	can	AUX
fsr-3397	156	35	mitigate	mitigate	VERB
fsr-3397	156	36	the	the	DET
fsr-3397	156	37	imbalance	imbalance	NOUN
fsr-3397	156	38	to	to	ADP
fsr-3397	156	39	an	an	DET
fsr-3397	156	40	even	even	ADV
fsr-3397	156	41	greater	great	ADJ
fsr-3397	156	42	extent	extent	NOUN
fsr-3397	156	43	.	.	PUNCT
fsr-3397	157	1	as	as	SCONJ
fsr-3397	157	2	shown	show	VERB
fsr-3397	157	3	by	by	ADP
fsr-3397	157	4	the	the	DET
fsr-3397	157	5	first	first	ADJ
fsr-3397	157	6	column	column	NOUN
fsr-3397	157	7	of	of	ADP
fsr-3397	157	8	panels	panel	NOUN
fsr-3397	157	9	b	b	PROPN
fsr-3397	157	10	and	and	CCONJ
fsr-3397	157	11	c	c	NOUN
fsr-3397	157	12	,	,	PUNCT
fsr-3397	157	13	the	the	DET
fsr-3397	157	14	gain	gain	NOUN
fsr-3397	157	15	recognition	recognition	NOUN
fsr-3397	157	16	strategy	strategy	NOUN
fsr-3397	157	17	is	be	AUX
fsr-3397	157	18	effective	effective	ADJ
fsr-3397	157	19	in	in	ADP
fsr-3397	157	20	reducing	reduce	VERB
fsr-3397	157	21	portfolio	portfolio	NOUN
fsr-3397	157	22	concentration	concentration	NOUN
fsr-3397	157	23	,	,	PUNCT
fsr-3397	157	24	even	even	ADV
fsr-3397	157	25	for	for	ADP
fsr-3397	157	26	non	non	NOUN
fsr-3397	157	27	-	-	NOUN
fsr-3397	157	28	donors	donor	NOUN
fsr-3397	157	29	.	.	PUNCT
fsr-3397	158	1	of	of	ADP
fsr-3397	158	2	course	course	NOUN
fsr-3397	158	3	,	,	PUNCT
fsr-3397	158	4	better	well	ADJ
fsr-3397	158	5	diversification	diversification	NOUN
fsr-3397	158	6	is	be	AUX
fsr-3397	158	7	achievable	achievable	ADJ
fsr-3397	158	8	by	by	ADP
fsr-3397	158	9	using	use	VERB
fsr-3397	158	10	all	all	DET
fsr-3397	158	11	strategies	strategy	NOUN
fsr-3397	158	12	simultaneously	simultaneously	ADV
fsr-3397	158	13	.	.	PUNCT
fsr-3397	159	1	in	in	ADP
fsr-3397	159	2	the	the	DET
fsr-3397	159	3	best	good	ADJ
fsr-3397	159	4	possible	possible	ADJ
fsr-3397	159	5	scenario	scenario	NOUN
fsr-3397	159	6	simulated	simulate	VERB
fsr-3397	159	7	here	here	ADV
fsr-3397	159	8	,	,	PUNCT
fsr-3397	159	9	a	a	DET
fsr-3397	159	10	10	10	NUM
fsr-3397	159	11	%	%	NOUN
fsr-3397	159	12	donor	donor	NOUN
fsr-3397	159	13	who	who	PRON
fsr-3397	159	14	harvests	harvest	VERB
fsr-3397	159	15	losses	loss	NOUN
fsr-3397	159	16	and	and	CCONJ
fsr-3397	159	17	offsetting	offset	VERB
fsr-3397	159	18	gains	gain	NOUN
fsr-3397	159	19	will	will	AUX
fsr-3397	159	20	still	still	ADV
fsr-3397	159	21	have	have	VERB
fsr-3397	159	22	an	an	DET
fsr-3397	159	23	almost	almost	ADV
fsr-3397	159	24	perfectly	perfectly	ADV
fsr-3397	159	25	balanced	balanced	ADJ
fsr-3397	159	26	portfolio	portfolio	NOUN
fsr-3397	159	27	after	after	ADP
fsr-3397	159	28	10	10	NUM
fsr-3397	159	29	years	year	NOUN
fsr-3397	159	30	of	of	ADP
fsr-3397	159	31	investing	investing	NOUN
fsr-3397	159	32	,	,	PUNCT
fsr-3397	159	33	with	with	ADP
fsr-3397	159	34	a	a	DET
fsr-3397	159	35	concentration	concentration	NOUN
fsr-3397	159	36	index	index	NOUN
fsr-3397	159	37	effectively	effectively	ADV
fsr-3397	159	38	equal	equal	ADJ
fsr-3397	159	39	to	to	ADP
fsr-3397	159	40	the	the	DET
fsr-3397	159	41	ideal	ideal	ADJ
fsr-3397	159	42	value	value	NOUN
fsr-3397	159	43	of	of	ADP
fsr-3397	159	44	0.04	0.04	NUM
fsr-3397	159	45	;	;	PUNCT
fsr-3397	159	46	and	and	CCONJ
fsr-3397	159	47	although	although	SCONJ
fsr-3397	159	48	the	the	DET
fsr-3397	159	49	portfolio	portfolio	NOUN
fsr-3397	159	50	does	do	AUX
fsr-3397	159	51	grow	grow	VERB
fsr-3397	159	52	slightly	slightly	ADV
fsr-3397	159	53	more	more	ADV
fsr-3397	159	54	concentrated	concentrated	ADJ
fsr-3397	159	55	over	over	ADP
fsr-3397	159	56	time	time	NOUN
fsr-3397	159	57	,	,	PUNCT
fsr-3397	159	58	he	he	PRON
fsr-3397	159	59	or	or	CCONJ
fsr-3397	159	60	she	she	PRON
fsr-3397	159	61	is	be	AUX
fsr-3397	159	62	still	still	ADV
fsr-3397	159	63	reasonably	reasonably	ADV
fsr-3397	159	64	diversified	diversified	ADJ
fsr-3397	159	65	after	after	ADP
fsr-3397	159	66	50	50	NUM
fsr-3397	159	67	years	year	NOUN
fsr-3397	159	68	,	,	PUNCT
fsr-3397	159	69	with	with	ADP
fsr-3397	159	70	a	a	DET
fsr-3397	159	71	concentration	concentration	NOUN
fsr-3397	159	72	index	index	NOUN
fsr-3397	159	73	of	of	ADP
fsr-3397	159	74	only	only	ADV
fsr-3397	159	75	0.09	0.09	NUM
fsr-3397	159	76	.	.	PUNCT
fsr-3397	160	1	this	this	PRON
fsr-3397	160	2	compares	compare	VERB
fsr-3397	160	3	quite	quite	ADV
fsr-3397	160	4	favorably	favorably	ADV
fsr-3397	160	5	to	to	ADP
fsr-3397	160	6	a	a	DET
fsr-3397	160	7	50	50	NUM
fsr-3397	160	8	-	-	PUNCT
fsr-3397	160	9	year	year	NOUN
fsr-3397	160	10	buy	buy	NOUN
fsr-3397	160	11	-	-	PUNCT
fsr-3397	160	12	and	and	CCONJ
fsr-3397	160	13	-	-	PUNCT
fsr-3397	160	14	hold	hold	VERB
fsr-3397	160	15	investor	investor	NOUN
fsr-3397	160	16	,	,	PUNCT
fsr-3397	160	17	with	with	ADP
fsr-3397	160	18	the	the	DET
fsr-3397	160	19	optimal	optimal	ADJ
fsr-3397	160	20	strategy	strategy	NOUN
fsr-3397	160	21	achieving	achieve	VERB
fsr-3397	160	22	(	(	PUNCT
fsr-3397	160	23	0.38	0.38	NUM
fsr-3397	160	24	–	–	PUNCT
fsr-3397	160	25	0.09)/(0.38	0.09)/(0.38	NUM
fsr-3397	160	26	–	–	PUNCT
fsr-3397	160	27	0.04	0.04	NUM
fsr-3397	160	28	)	)	PUNCT
fsr-3397	160	29	�	�	PROPN
fsr-3397	160	30	85	85	NUM
fsr-3397	160	31	%	%	NOUN
fsr-3397	160	32	of	of	ADP
fsr-3397	160	33	the	the	DET
fsr-3397	160	34	potential	potential	ADJ
fsr-3397	160	35	improvement	improvement	NOUN
fsr-3397	160	36	in	in	ADP
fsr-3397	160	37	diversification	diversification	NOUN
fsr-3397	160	38	.	.	PUNCT
fsr-3397	161	1	the	the	DET
fsr-3397	161	2	extent	extent	NOUN
fsr-3397	161	3	to	to	PART
fsr-3397	161	4	which	which	PRON
fsr-3397	161	5	these	these	DET
fsr-3397	161	6	tax	tax	NOUN
fsr-3397	161	7	-	-	PUNCT
fsr-3397	161	8	efficient	efficient	ADJ
fsr-3397	161	9	strategies	strategy	NOUN
fsr-3397	161	10	keep	keep	VERB
fsr-3397	161	11	portfolio	portfolio	NOUN
fsr-3397	161	12	imbalances	imbalance	NOUN
fsr-3397	161	13	in	in	ADP
fsr-3397	161	14	check	check	NOUN
fsr-3397	161	15	is	be	AUX
fsr-3397	161	16	also	also	ADV
fsr-3397	161	17	apparent	apparent	ADJ
fsr-3397	161	18	in	in	ADP
fsr-3397	161	19	fig	fig	NOUN
fsr-3397	161	20	.	.	PUNCT
fsr-3397	162	1	2	2	NUM
fsr-3397	162	2	,	,	PUNCT
fsr-3397	162	3	which	which	PRON
fsr-3397	162	4	shows	show	VERB
fsr-3397	162	5	how	how	SCONJ
fsr-3397	162	6	much	much	ADJ
fsr-3397	162	7	of	of	ADP
fsr-3397	162	8	the	the	DET
fsr-3397	162	9	portfolio	portfolio	NOUN
fsr-3397	162	10	is	be	AUX
fsr-3397	162	11	invested	invest	VERB
fsr-3397	162	12	in	in	ADP
fsr-3397	162	13	its	its	PRON
fsr-3397	162	14	most	most	ADV
fsr-3397	162	15	heavily	heavily	ADV
fsr-3397	162	16	weighted	weight	VERB
fsr-3397	162	17	stock	stock	NOUN
fsr-3397	162	18	after	after	ADP
fsr-3397	162	19	progressively	progressively	ADV
fsr-3397	162	20	longer	long	ADV
fsr-3397	162	21	time	time	NOUN
fsr-3397	162	22	horizons	horizon	NOUN
fsr-3397	162	23	.	.	PUNCT
fsr-3397	163	1	as	as	SCONJ
fsr-3397	163	2	indicated	indicate	VERB
fsr-3397	163	3	by	by	ADP
fsr-3397	163	4	the	the	DET
fsr-3397	163	5	gray	gray	ADJ
fsr-3397	163	6	dashed	dash	VERB
fsr-3397	163	7	line	line	NOUN
fsr-3397	163	8	,	,	PUNCT
fsr-3397	163	9	a	a	DET
fsr-3397	163	10	pure	pure	ADJ
fsr-3397	163	11	buy	buy	NOUN
fsr-3397	163	12	-	-	PUNCT
fsr-3397	163	13	and	and	CCONJ
fsr-3397	163	14	-	-	PUNCT
fsr-3397	163	15	hold	hold	VERB
fsr-3397	163	16	portfolio	portfolio	NOUN
fsr-3397	163	17	becomes	become	VERB
fsr-3397	163	18	unbalanced	unbalanced	ADJ
fsr-3397	163	19	fairly	fairly	ADV
fsr-3397	163	20	quickly	quickly	ADV
fsr-3397	163	21	.	.	PUNCT
fsr-3397	164	1	after	after	ADP
fsr-3397	164	2	10	10	NUM
fsr-3397	164	3	years	year	NOUN
fsr-3397	164	4	,	,	PUNCT
fsr-3397	164	5	one	one	NUM
fsr-3397	164	6	of	of	ADP
fsr-3397	164	7	the	the	DET
fsr-3397	164	8	25	25	NUM
fsr-3397	164	9	stocks	stock	NOUN
fsr-3397	164	10	will	will	AUX
fsr-3397	164	11	come	come	VERB
fsr-3397	164	12	to	to	PART
fsr-3397	164	13	make	make	VERB
fsr-3397	164	14	up	up	ADP
fsr-3397	164	15	approximately	approximately	ADV
fsr-3397	164	16	20	20	NUM
fsr-3397	164	17	%	%	NOUN
fsr-3397	164	18	of	of	ADP
fsr-3397	164	19	the	the	DET
fsr-3397	164	20	portfolio	portfolio	NOUN
fsr-3397	164	21	.	.	PUNCT
fsr-3397	165	1	after	after	ADP
fsr-3397	165	2	30	30	NUM
fsr-3397	165	3	years	year	NOUN
fsr-3397	165	4	,	,	PUNCT
fsr-3397	165	5	that	that	SCONJ
fsr-3397	165	6	weight	weight	NOUN
fsr-3397	165	7	grows	grow	VERB
fsr-3397	165	8	to	to	ADP
fsr-3397	165	9	an	an	DET
fsr-3397	165	10	average	average	NOUN
fsr-3397	165	11	of	of	ADP
fsr-3397	165	12	41	41	NUM
fsr-3397	165	13	%	%	NOUN
fsr-3397	165	14	,	,	PUNCT
fsr-3397	165	15	and	and	CCONJ
fsr-3397	165	16	over	over	ADP
fsr-3397	165	17	longer	long	ADJ
fsr-3397	165	18	periods	period	NOUN
fsr-3397	165	19	it	it	PRON
fsr-3397	165	20	approaches	approach	VERB
fsr-3397	165	21	and	and	CCONJ
fsr-3397	165	22	exceeds	exceed	VERB
fsr-3397	165	23	50	50	NUM
fsr-3397	165	24	%	%	NOUN
fsr-3397	165	25	.	.	PUNCT
fsr-3397	166	1	this	this	PRON
fsr-3397	166	2	leaves	leave	VERB
fsr-3397	166	3	the	the	DET
fsr-3397	166	4	portfolio	portfolio	NOUN
fsr-3397	166	5	very	very	ADV
fsr-3397	166	6	vulnerable	vulnerable	ADJ
fsr-3397	166	7	to	to	ADP
fsr-3397	166	8	any	any	DET
fsr-3397	166	9	large	large	ADJ
fsr-3397	166	10	losses	loss	NOUN
fsr-3397	166	11	subsequently	subsequently	ADV
fsr-3397	166	12	incurred	incur	VERB
fsr-3397	166	13	by	by	ADP
fsr-3397	166	14	that	that	DET
fsr-3397	166	15	one	one	NUM
fsr-3397	166	16	stock	stock	NOUN
fsr-3397	166	17	.	.	PUNCT
fsr-3397	167	1	fortunately	fortunately	ADV
fsr-3397	167	2	,	,	PUNCT
fsr-3397	167	3	as	as	ADP
fsr-3397	167	4	the	the	DET
fsr-3397	167	5	remaining	remain	VERB
fsr-3397	167	6	lines	line	NOUN
fsr-3397	167	7	on	on	ADP
fsr-3397	167	8	the	the	DET
fsr-3397	167	9	graph	graph	NOUN
fsr-3397	167	10	show	show	NOUN
fsr-3397	167	11	,	,	PUNCT
fsr-3397	167	12	the	the	DET
fsr-3397	167	13	portfolio	portfolio	NOUN
fsr-3397	167	14	can	can	AUX
fsr-3397	167	15	be	be	AUX
fsr-3397	167	16	made	make	VERB
fsr-3397	167	17	much	much	ADV
fsr-3397	167	18	less	less	ADV
fsr-3397	167	19	dependent	dependent	ADJ
fsr-3397	167	20	on	on	ADP
fsr-3397	167	21	the	the	DET
fsr-3397	167	22	performance	performance	NOUN
fsr-3397	167	23	of	of	ADP
fsr-3397	167	24	any	any	DET
fsr-3397	167	25	individual	individual	ADJ
fsr-3397	167	26	stock	stock	NOUN
fsr-3397	167	27	by	by	ADP
fsr-3397	167	28	harvesting	harvest	VERB
fsr-3397	167	29	some	some	DET
fsr-3397	167	30	gains	gain	NOUN
fsr-3397	167	31	from	from	ADP
fsr-3397	167	32	the	the	DET
fsr-3397	167	33	most	most	ADV
fsr-3397	167	34	heavily	heavily	ADV
fsr-3397	167	35	weighted	weight	VERB
fsr-3397	167	36	stocks	stock	NOUN
fsr-3397	167	37	and/or	and/or	CCONJ
fsr-3397	167	38	donating	donate	VERB
fsr-3397	167	39	some	some	PRON
fsr-3397	167	40	of	of	ADP
fsr-3397	167	41	the	the	DET
fsr-3397	167	42	most	most	ADV
fsr-3397	167	43	appreciated	appreciated	ADJ
fsr-3397	167	44	shares	share	NOUN
fsr-3397	167	45	.	.	PUNCT
fsr-3397	168	1	as	as	SCONJ
fsr-3397	168	2	expected	expect	VERB
fsr-3397	168	3	,	,	PUNCT
fsr-3397	168	4	doing	do	VERB
fsr-3397	168	5	both	both	PRON
fsr-3397	168	6	simultaneously	simultaneously	ADV
fsr-3397	168	7	leads	lead	VERB
fsr-3397	168	8	to	to	ADP
fsr-3397	168	9	the	the	DET
fsr-3397	168	10	best	good	ADJ
fsr-3397	168	11	possible	possible	ADJ
fsr-3397	168	12	outcome	outcome	NOUN
fsr-3397	168	13	regardless	regardless	ADV
fsr-3397	168	14	of	of	ADP
fsr-3397	168	15	the	the	DET
fsr-3397	168	16	investment	investment	NOUN
fsr-3397	168	17	horizon	horizon	NOUN
fsr-3397	168	18	.	.	PUNCT
fsr-3397	169	1	as	as	SCONJ
fsr-3397	169	2	shown	show	VERB
fsr-3397	169	3	by	by	ADP
fsr-3397	169	4	the	the	DET
fsr-3397	169	5	darker	dark	ADJ
fsr-3397	169	6	solid	solid	ADJ
fsr-3397	169	7	line	line	NOUN
fsr-3397	169	8	,	,	PUNCT
fsr-3397	169	9	a	a	DET
fsr-3397	169	10	10	10	NUM
fsr-3397	169	11	%	%	NOUN
fsr-3397	169	12	stock	stock	NOUN
fsr-3397	169	13	donor	donor	NOUN
fsr-3397	169	14	who	who	PRON
fsr-3397	169	15	realizes	realize	VERB
fsr-3397	169	16	losses	loss	NOUN
fsr-3397	169	17	and	and	CCONJ
fsr-3397	169	18	offsetting	offset	VERB
fsr-3397	169	19	gains	gain	NOUN
fsr-3397	169	20	will	will	AUX
fsr-3397	169	21	on	on	ADP
fsr-3397	169	22	average	average	ADJ
fsr-3397	169	23	have	have	VERB
fsr-3397	169	24	just	just	ADV
fsr-3397	169	25	15	15	NUM
fsr-3397	169	26	%	%	NOUN
fsr-3397	169	27	invested	invest	VERB
fsr-3397	169	28	in	in	ADP
fsr-3397	169	29	his	his	PRON
fsr-3397	169	30	or	or	CCONJ
fsr-3397	169	31	her	her	PRON
fsr-3397	169	32	most	most	ADV
fsr-3397	169	33	heavily	heavily	ADV
fsr-3397	169	34	266	266	NUM
fsr-3397	169	35	j.	j.	PROPN
fsr-3397	169	36	whitworth	whitworth	PROPN
fsr-3397	169	37	/	/	SYM
fsr-3397	169	38	financial	financial	ADJ
fsr-3397	169	39	services	service	NOUN
fsr-3397	169	40	review	review	VERB
fsr-3397	169	41	27	27	NUM
fsr-3397	169	42	(	(	PUNCT
fsr-3397	169	43	2018	2018	NUM
fsr-3397	169	44	)	)	PUNCT
fsr-3397	169	45	257	257	NUM
fsr-3397	169	46	-	-	SYM
fsr-3397	169	47	277	277	NUM
fsr-3397	169	48	weighted	weight	VERB
fsr-3397	169	49	stock	stock	NOUN
fsr-3397	169	50	even	even	ADV
fsr-3397	169	51	after	after	ADP
fsr-3397	169	52	50	50	NUM
fsr-3397	169	53	years	year	NOUN
fsr-3397	169	54	,	,	PUNCT
fsr-3397	169	55	which	which	PRON
fsr-3397	169	56	is	be	AUX
fsr-3397	169	57	considerably	considerably	ADV
fsr-3397	169	58	less	less	ADV
fsr-3397	169	59	concentrated	concentrated	ADJ
fsr-3397	169	60	than	than	ADP
fsr-3397	169	61	either	either	PRON
fsr-3397	169	62	of	of	ADP
fsr-3397	169	63	the	the	DET
fsr-3397	169	64	non	non	ADJ
fsr-3397	169	65	-	-	ADJ
fsr-3397	169	66	donor	donor	ADJ
fsr-3397	169	67	outcomes	outcome	NOUN
fsr-3397	169	68	shown.7	shown.7	PROPN
fsr-3397	169	69	3.4	3.4	NUM
fsr-3397	169	70	.	.	PUNCT
fsr-3397	170	1	diversification	diversification	NOUN
fsr-3397	170	2	’s	’s	PART
fsr-3397	170	3	contribution	contribution	NOUN
fsr-3397	170	4	to	to	ADP
fsr-3397	170	5	portfolio	portfolio	NOUN
fsr-3397	170	6	return	return	VERB
fsr-3397	170	7	the	the	DET
fsr-3397	170	8	fact	fact	NOUN
fsr-3397	170	9	that	that	SCONJ
fsr-3397	170	10	diversification	diversification	NOUN
fsr-3397	170	11	reduces	reduce	VERB
fsr-3397	170	12	risk	risk	NOUN
fsr-3397	170	13	without	without	ADP
fsr-3397	170	14	reducing	reduce	VERB
fsr-3397	170	15	average	average	ADJ
fsr-3397	170	16	returns	return	NOUN
fsr-3397	170	17	is	be	AUX
fsr-3397	170	18	often	often	ADV
fsr-3397	170	19	referred	refer	VERB
fsr-3397	170	20	to	to	ADP
fsr-3397	170	21	as	as	ADP
fsr-3397	170	22	the	the	DET
fsr-3397	170	23	“	"	PUNCT
fsr-3397	170	24	only	only	ADV
fsr-3397	170	25	free	free	ADJ
fsr-3397	170	26	lunch	lunch	NOUN
fsr-3397	170	27	in	in	ADP
fsr-3397	170	28	investing	invest	VERB
fsr-3397	170	29	.	.	PUNCT
fsr-3397	170	30	”	"	PUNCT
fsr-3397	171	1	however	however	ADV
fsr-3397	171	2	,	,	PUNCT
fsr-3397	171	3	booth	booth	NOUN
fsr-3397	171	4	and	and	CCONJ
fsr-3397	171	5	fama	fama	PROPN
fsr-3397	171	6	(	(	PUNCT
fsr-3397	171	7	1992	1992	NUM
fsr-3397	171	8	)	)	PUNCT
fsr-3397	171	9	show	show	VERB
fsr-3397	171	10	that	that	SCONJ
fsr-3397	171	11	diversification	diversification	NOUN
fsr-3397	171	12	actually	actually	ADV
fsr-3397	171	13	improves	improve	VERB
fsr-3397	171	14	a	a	DET
fsr-3397	171	15	portfolio	portfolio	NOUN
fsr-3397	171	16	’s	’s	PART
fsr-3397	171	17	long	long	ADJ
fsr-3397	171	18	-	-	PUNCT
fsr-3397	171	19	term	term	NOUN
fsr-3397	171	20	compounded	compound	VERB
fsr-3397	171	21	return	return	NOUN
fsr-3397	171	22	—	—	PUNCT
fsr-3397	171	23	an	an	DET
fsr-3397	171	24	effect	effect	NOUN
fsr-3397	171	25	that	that	PRON
fsr-3397	171	26	willenbrock	willenbrock	VERB
fsr-3397	171	27	(	(	PUNCT
fsr-3397	171	28	2011	2011	NUM
fsr-3397	171	29	)	)	PUNCT
fsr-3397	171	30	suggests	suggest	VERB
fsr-3397	171	31	might	might	AUX
fsr-3397	171	32	be	be	AUX
fsr-3397	171	33	a	a	DET
fsr-3397	171	34	“	"	PUNCT
fsr-3397	171	35	free	free	ADJ
fsr-3397	171	36	dessert	dessert	NOUN
fsr-3397	171	37	”	"	PUNCT
fsr-3397	171	38	(	(	PUNCT
fsr-3397	171	39	see	see	VERB
fsr-3397	171	40	also	also	ADV
fsr-3397	171	41	bouchey	bouchey	PRON
fsr-3397	171	42	et	et	PROPN
fsr-3397	171	43	al	al	PROPN
fsr-3397	171	44	.	.	PROPN
fsr-3397	171	45	,	,	PUNCT
fsr-3397	171	46	2012	2012	NUM
fsr-3397	171	47	;	;	PUNCT
fsr-3397	171	48	erb	erb	NOUN
fsr-3397	171	49	and	and	CCONJ
fsr-3397	171	50	harvey	harvey	NOUN
fsr-3397	171	51	,	,	PUNCT
fsr-3397	171	52	2006	2006	NUM
fsr-3397	171	53	)	)	PUNCT
fsr-3397	171	54	.	.	PUNCT
fsr-3397	172	1	therefore	therefore	ADV
fsr-3397	172	2	,	,	PUNCT
fsr-3397	172	3	the	the	DET
fsr-3397	172	4	increased	increase	VERB
fsr-3397	172	5	terminal	terminal	ADJ
fsr-3397	172	6	wealth	wealth	NOUN
fsr-3397	172	7	from	from	ADP
fsr-3397	172	8	various	various	ADJ
fsr-3397	172	9	tax	tax	NOUN
fsr-3397	172	10	-	-	PUNCT
fsr-3397	172	11	efficient	efficient	ADJ
fsr-3397	172	12	strategies	strategy	NOUN
fsr-3397	172	13	is	be	AUX
fsr-3397	172	14	attributable	attributable	ADJ
fsr-3397	172	15	not	not	PART
fsr-3397	172	16	only	only	ADV
fsr-3397	172	17	to	to	ADP
fsr-3397	172	18	the	the	DET
fsr-3397	172	19	tax	tax	NOUN
fsr-3397	172	20	savings	saving	NOUN
fsr-3397	172	21	themselves	themselves	PRON
fsr-3397	172	22	,	,	PUNCT
fsr-3397	172	23	but	but	CCONJ
fsr-3397	172	24	also	also	ADV
fsr-3397	172	25	to	to	ADP
fsr-3397	172	26	the	the	DET
fsr-3397	172	27	“	"	PUNCT
fsr-3397	172	28	diversification	diversification	NOUN
fsr-3397	172	29	return	return	NOUN
fsr-3397	172	30	”	"	PUNCT
fsr-3397	172	31	just	just	ADV
fsr-3397	172	32	noted	note	VERB
fsr-3397	172	33	.	.	PUNCT
fsr-3397	173	1	to	to	PART
fsr-3397	173	2	determine	determine	VERB
fsr-3397	173	3	how	how	SCONJ
fsr-3397	173	4	much	much	ADJ
fsr-3397	173	5	of	of	ADP
fsr-3397	173	6	the	the	DET
fsr-3397	173	7	wealth	wealth	NOUN
fsr-3397	173	8	gain	gain	NOUN
fsr-3397	173	9	is	be	AUX
fsr-3397	173	10	due	due	ADJ
fsr-3397	173	11	to	to	ADP
fsr-3397	173	12	diversification	diversification	NOUN
fsr-3397	173	13	,	,	PUNCT
fsr-3397	173	14	we	we	PRON
fsr-3397	173	15	track	track	VERB
fsr-3397	173	16	within	within	ADP
fsr-3397	173	17	each	each	DET
fsr-3397	173	18	iteration	iteration	NOUN
fsr-3397	173	19	of	of	ADP
fsr-3397	173	20	the	the	DET
fsr-3397	173	21	simulation	simulation	NOUN
fsr-3397	173	22	the	the	DET
fsr-3397	173	23	value	value	NOUN
fsr-3397	173	24	of	of	ADP
fsr-3397	173	25	a	a	DET
fsr-3397	173	26	portfolio	portfolio	NOUN
fsr-3397	173	27	which	which	PRON
fsr-3397	173	28	enjoys	enjoy	VERB
fsr-3397	173	29	none	none	NOUN
fsr-3397	173	30	of	of	ADP
fsr-3397	173	31	the	the	DET
fsr-3397	173	32	incremental	incremental	ADJ
fsr-3397	173	33	tax	tax	NOUN
fsr-3397	173	34	benefits	benefit	NOUN
fsr-3397	173	35	of	of	ADP
fsr-3397	173	36	the	the	DET
fsr-3397	173	37	tax	tax	NOUN
fsr-3397	173	38	-	-	PUNCT
fsr-3397	173	39	advantaged	advantaged	ADJ
fsr-3397	173	40	portfolio	portfolio	NOUN
fsr-3397	173	41	,	,	PUNCT
fsr-3397	173	42	yet	yet	ADV
fsr-3397	173	43	is	be	AUX
fsr-3397	173	44	equally	equally	ADV
fsr-3397	173	45	diversified	diversified	ADJ
fsr-3397	173	46	.	.	PUNCT
fsr-3397	174	1	this	this	DET
fsr-3397	174	2	non	non	ADJ
fsr-3397	174	3	-	-	ADJ
fsr-3397	174	4	tax	tax	NOUN
fsr-3397	174	5	-	-	PUNCT
fsr-3397	174	6	advantaged	advantaged	ADJ
fsr-3397	174	7	portfolio	portfolio	NOUN
fsr-3397	174	8	also	also	ADV
fsr-3397	174	9	begins	begin	VERB
fsr-3397	174	10	with	with	ADP
fsr-3397	174	11	$	$	SYM
fsr-3397	174	12	250,000	250,000	NUM
fsr-3397	174	13	spread	spread	VERB
fsr-3397	174	14	equally	equally	ADV
fsr-3397	174	15	across	across	ADP
fsr-3397	174	16	the	the	DET
fsr-3397	174	17	same	same	ADJ
fsr-3397	174	18	25	25	NUM
fsr-3397	174	19	stocks	stock	NOUN
fsr-3397	174	20	.	.	PUNCT
fsr-3397	175	1	like	like	ADP
fsr-3397	175	2	a	a	DET
fsr-3397	175	3	buy	buy	VERB
fsr-3397	175	4	-	-	PUNCT
fsr-3397	175	5	and	and	CCONJ
fsr-3397	175	6	-	-	PUNCT
fsr-3397	175	7	hold	hold	VERB
fsr-3397	175	8	portfolio	portfolio	NOUN
fsr-3397	175	9	,	,	PUNCT
fsr-3397	175	10	it	it	PRON
fsr-3397	175	11	benefits	benefit	VERB
fsr-3397	175	12	neither	neither	CCONJ
fsr-3397	175	13	from	from	ADP
fsr-3397	175	14	tax	tax	NOUN
fsr-3397	175	15	loss	loss	NOUN
fsr-3397	175	16	selling	selling	NOUN
fsr-3397	175	17	nor	nor	CCONJ
fsr-3397	175	18	from	from	ADP
fsr-3397	175	19	the	the	DET
fsr-3397	175	20	effective	effective	ADJ
fsr-3397	175	21	“	"	PUNCT
fsr-3397	175	22	step	step	NOUN
fsr-3397	175	23	-	-	PUNCT
fsr-3397	175	24	up	up	NOUN
fsr-3397	175	25	in	in	ADP
fsr-3397	175	26	basis	basis	NOUN
fsr-3397	175	27	”	"	PUNCT
fsr-3397	175	28	on	on	ADP
fsr-3397	175	29	shares	share	NOUN
fsr-3397	175	30	donated	donate	VERB
fsr-3397	175	31	to	to	ADP
fsr-3397	175	32	charity	charity	NOUN
fsr-3397	175	33	.	.	PUNCT
fsr-3397	176	1	however	however	ADV
fsr-3397	176	2	,	,	PUNCT
fsr-3397	176	3	each	each	DET
fsr-3397	176	4	year	year	NOUN
fsr-3397	176	5	,	,	PUNCT
fsr-3397	176	6	its	its	PRON
fsr-3397	176	7	total	total	ADJ
fsr-3397	176	8	value	value	NOUN
fsr-3397	176	9	is	be	AUX
fsr-3397	176	10	costlessly	costlessly	ADV
fsr-3397	176	11	redistributed	redistribute	VERB
fsr-3397	176	12	across	across	ADP
fsr-3397	176	13	the	the	DET
fsr-3397	176	14	25	25	NUM
fsr-3397	176	15	stocks	stock	NOUN
fsr-3397	176	16	so	so	SCONJ
fsr-3397	176	17	that	that	SCONJ
fsr-3397	176	18	the	the	DET
fsr-3397	176	19	resulting	result	VERB
fsr-3397	176	20	individual	individual	ADJ
fsr-3397	176	21	weights	weight	NOUN
fsr-3397	176	22	are	be	AUX
fsr-3397	176	23	identical	identical	ADJ
fsr-3397	176	24	to	to	ADP
fsr-3397	176	25	those	those	PRON
fsr-3397	176	26	in	in	ADP
fsr-3397	176	27	the	the	DET
fsr-3397	176	28	tax	tax	NOUN
fsr-3397	176	29	-	-	PUNCT
fsr-3397	176	30	efficient	efficient	ADJ
fsr-3397	176	31	portfolio	portfolio	NOUN
fsr-3397	176	32	.	.	PUNCT
fsr-3397	177	1	at	at	ADP
fsr-3397	177	2	the	the	DET
fsr-3397	177	3	end	end	NOUN
fsr-3397	177	4	of	of	ADP
fsr-3397	177	5	the	the	DET
fsr-3397	177	6	investment	investment	NOUN
fsr-3397	177	7	horizon	horizon	NOUN
fsr-3397	177	8	,	,	PUNCT
fsr-3397	177	9	the	the	DET
fsr-3397	177	10	non	non	ADJ
fsr-3397	177	11	-	-	ADJ
fsr-3397	177	12	tax	tax	NOUN
fsr-3397	177	13	-	-	PUNCT
fsr-3397	177	14	advantaged	advantaged	ADJ
fsr-3397	177	15	portfolio	portfolio	NOUN
fsr-3397	177	16	is	be	AUX
fsr-3397	177	17	also	also	ADV
fsr-3397	177	18	liquidated	liquidate	VERB
fsr-3397	177	19	,	,	PUNCT
fsr-3397	177	20	and	and	CCONJ
fsr-3397	177	21	taxes	taxis	NOUN
fsr-3397	177	22	are	be	AUX
fsr-3397	177	23	paid	pay	VERB
fsr-3397	177	24	on	on	ADP
fsr-3397	177	25	any	any	DET
fsr-3397	177	26	gains	gain	NOUN
fsr-3397	177	27	over	over	ADP
fsr-3397	177	28	the	the	DET
fsr-3397	177	29	original	original	ADJ
fsr-3397	177	30	$	$	SYM
fsr-3397	177	31	250,000	250,000	NUM
fsr-3397	177	32	cost	cost	NOUN
fsr-3397	177	33	basis	basis	NOUN
fsr-3397	177	34	.	.	PUNCT
fsr-3397	178	1	the	the	DET
fsr-3397	178	2	difference	difference	NOUN
fsr-3397	178	3	in	in	ADP
fsr-3397	178	4	terminal	terminal	ADJ
fsr-3397	178	5	values	value	NOUN
fsr-3397	178	6	between	between	ADP
fsr-3397	178	7	this	this	DET
fsr-3397	178	8	non	non	ADJ
fsr-3397	178	9	-	-	ADJ
fsr-3397	178	10	taxadvantaged	taxadvantaged	ADJ
fsr-3397	178	11	portfolio	portfolio	NOUN
fsr-3397	178	12	and	and	CCONJ
fsr-3397	178	13	the	the	DET
fsr-3397	178	14	more	more	ADV
fsr-3397	178	15	concentrated	concentrated	ADJ
fsr-3397	178	16	buy	buy	NOUN
fsr-3397	178	17	-	-	PUNCT
fsr-3397	178	18	and	and	CCONJ
fsr-3397	178	19	-	-	PUNCT
fsr-3397	178	20	hold	hold	VERB
fsr-3397	178	21	portfolio	portfolio	NOUN
fsr-3397	178	22	is	be	AUX
fsr-3397	178	23	due	due	ADJ
fsr-3397	178	24	to	to	ADP
fsr-3397	178	25	the	the	DET
fsr-3397	178	26	“	"	PUNCT
fsr-3397	178	27	diversification	diversification	NOUN
fsr-3397	178	28	return	return	NOUN
fsr-3397	178	29	,	,	PUNCT
fsr-3397	178	30	”	"	PUNCT
fsr-3397	178	31	while	while	SCONJ
fsr-3397	178	32	the	the	DET
fsr-3397	178	33	difference	difference	NOUN
fsr-3397	178	34	in	in	ADP
fsr-3397	178	35	value	value	NOUN
fsr-3397	178	36	between	between	ADP
fsr-3397	178	37	the	the	DET
fsr-3397	178	38	tax	tax	NOUN
fsr-3397	178	39	-	-	PUNCT
fsr-3397	178	40	efficient	efficient	ADJ
fsr-3397	178	41	portfolio	portfolio	NOUN
fsr-3397	178	42	and	and	CCONJ
fsr-3397	178	43	the	the	DET
fsr-3397	178	44	equally	equally	ADV
fsr-3397	178	45	diversified	diversified	ADJ
fsr-3397	178	46	non	non	ADJ
fsr-3397	178	47	-	-	ADJ
fsr-3397	178	48	tax	tax	NOUN
fsr-3397	178	49	-	-	PUNCT
fsr-3397	178	50	advantaged	advantaged	ADJ
fsr-3397	178	51	portfolio	portfolio	NOUN
fsr-3397	178	52	is	be	AUX
fsr-3397	178	53	directly	directly	ADV
fsr-3397	178	54	attributable	attributable	ADJ
fsr-3397	178	55	to	to	ADP
fsr-3397	178	56	tax	tax	NOUN
fsr-3397	178	57	benefits	benefit	NOUN
fsr-3397	178	58	.	.	PUNCT
fsr-3397	179	1	0.0	0.0	NUM
fsr-3397	179	2	0.1	0.1	NUM
fsr-3397	179	3	0.2	0.2	NUM
fsr-3397	179	4	0.3	0.3	NUM
fsr-3397	179	5	0.4	0.4	NUM
fsr-3397	179	6	0.5	0.5	NUM
fsr-3397	179	7	0	0	NUM
fsr-3397	179	8	10	10	NUM
fsr-3397	179	9	20	20	NUM
fsr-3397	179	10	30	30	NUM
fsr-3397	179	11	40	40	NUM
fsr-3397	179	12	50	50	NUM
fsr-3397	179	13	a	a	DET
fsr-3397	179	14	ve	ve	NOUN
fsr-3397	179	15	ra	ra	PROPN
fsr-3397	179	16	ge	ge	PROPN
fsr-3397	179	17	w	w	PROPN
fsr-3397	179	18	ei	ei	PROPN
fsr-3397	179	19	gh	gh	PROPN
fsr-3397	179	20	t	t	PROPN
fsr-3397	179	21	of	of	ADP
fsr-3397	180	1	l	l	PROPN
fsr-3397	180	2	ar	ar	PROPN
fsr-3397	180	3	ge	ge	PROPN
fsr-3397	180	4	st	st	PROPN
fsr-3397	180	5	s	s	VERB
fsr-3397	180	6	to	to	PART
fsr-3397	180	7	ck	ck	VERB
fsr-3397	180	8	in	in	ADP
fsr-3397	180	9	p	p	NOUN
fsr-3397	180	10	or	or	CCONJ
fsr-3397	180	11	�	�	PROPN
fsr-3397	180	12	ol	ol	ADJ
fsr-3397	180	13	io	io	PROPN
fsr-3397	180	14	number	number	NOUN
fsr-3397	180	15	of	of	ADP
fsr-3397	180	16	years	year	NOUN
fsr-3397	180	17	invested	invest	VERB
fsr-3397	180	18	fig	fig	NOUN
fsr-3397	180	19	.	.	PUNCT
fsr-3397	181	1	2	2	X
fsr-3397	181	2	.	.	X
fsr-3397	181	3	growth	growth	NOUN
fsr-3397	181	4	in	in	ADP
fsr-3397	181	5	weight	weight	NOUN
fsr-3397	181	6	of	of	ADP
fsr-3397	181	7	largest	large	ADJ
fsr-3397	181	8	stock	stock	NOUN
fsr-3397	181	9	for	for	ADP
fsr-3397	181	10	alternative	alternative	ADJ
fsr-3397	181	11	investment	investment	NOUN
fsr-3397	181	12	strategies	strategy	NOUN
fsr-3397	181	13	.	.	PUNCT
fsr-3397	182	1	267j	267j	NOUN
fsr-3397	182	2	.	.	PUNCT
fsr-3397	183	1	whitworth	whitworth	PROPN
fsr-3397	183	2	/	/	SYM
fsr-3397	183	3	financial	financial	ADJ
fsr-3397	183	4	services	service	NOUN
fsr-3397	183	5	review	review	VERB
fsr-3397	183	6	27	27	NUM
fsr-3397	183	7	(	(	PUNCT
fsr-3397	183	8	2018	2018	NUM
fsr-3397	183	9	)	)	PUNCT
fsr-3397	183	10	257	257	NUM
fsr-3397	183	11	-	-	SYM
fsr-3397	183	12	277	277	NUM
fsr-3397	183	13	table	table	NOUN
fsr-3397	183	14	4	4	NUM
fsr-3397	183	15	reports	report	VERB
fsr-3397	183	16	how	how	SCONJ
fsr-3397	183	17	much	much	ADJ
fsr-3397	183	18	of	of	ADP
fsr-3397	183	19	the	the	DET
fsr-3397	183	20	increase	increase	NOUN
fsr-3397	183	21	in	in	ADP
fsr-3397	183	22	terminal	terminal	ADJ
fsr-3397	183	23	value	value	NOUN
fsr-3397	183	24	for	for	ADP
fsr-3397	183	25	each	each	DET
fsr-3397	183	26	strategy	strategy	NOUN
fsr-3397	183	27	(	(	PUNCT
fsr-3397	183	28	relative	relative	ADJ
fsr-3397	183	29	to	to	ADP
fsr-3397	183	30	a	a	DET
fsr-3397	183	31	buy	buy	VERB
fsr-3397	183	32	-	-	PUNCT
fsr-3397	183	33	and	and	CCONJ
fsr-3397	183	34	-	-	PUNCT
fsr-3397	183	35	hold	hold	VERB
fsr-3397	183	36	portfolio	portfolio	NOUN
fsr-3397	183	37	)	)	PUNCT
fsr-3397	183	38	is	be	AUX
fsr-3397	183	39	due	due	ADJ
fsr-3397	183	40	to	to	ADP
fsr-3397	183	41	tax	tax	NOUN
fsr-3397	183	42	savings	saving	NOUN
fsr-3397	183	43	and	and	CCONJ
fsr-3397	183	44	diversification	diversification	NOUN
fsr-3397	183	45	,	,	PUNCT
fsr-3397	183	46	respectively	respectively	ADV
fsr-3397	183	47	.	.	PUNCT
fsr-3397	184	1	the	the	DET
fsr-3397	184	2	overall	overall	ADJ
fsr-3397	184	3	results	result	NOUN
fsr-3397	184	4	indicate	indicate	VERB
fsr-3397	184	5	that	that	SCONJ
fsr-3397	184	6	most	most	ADJ
fsr-3397	184	7	of	of	ADP
fsr-3397	184	8	the	the	DET
fsr-3397	184	9	additional	additional	ADJ
fsr-3397	184	10	long	long	ADJ
fsr-3397	184	11	-	-	PUNCT
fsr-3397	184	12	term	term	NOUN
fsr-3397	184	13	value	value	NOUN
fsr-3397	184	14	is	be	AUX
fsr-3397	184	15	in	in	ADP
fsr-3397	184	16	fact	fact	NOUN
fsr-3397	184	17	attributable	attributable	ADJ
fsr-3397	184	18	to	to	ADP
fsr-3397	184	19	the	the	DET
fsr-3397	184	20	improved	improve	VERB
fsr-3397	184	21	diversification	diversification	NOUN
fsr-3397	184	22	these	these	DET
fsr-3397	184	23	strategies	strategy	NOUN
fsr-3397	184	24	create	create	VERB
fsr-3397	184	25	.	.	PUNCT
fsr-3397	185	1	however	however	ADV
fsr-3397	185	2	,	,	PUNCT
fsr-3397	185	3	there	there	PRON
fsr-3397	185	4	is	be	VERB
fsr-3397	185	5	still	still	ADV
fsr-3397	185	6	significant	significant	ADJ
fsr-3397	185	7	value	value	NOUN
fsr-3397	185	8	generated	generate	VERB
fsr-3397	185	9	by	by	ADP
fsr-3397	185	10	the	the	DET
fsr-3397	185	11	tax	tax	NOUN
fsr-3397	185	12	savings	saving	NOUN
fsr-3397	185	13	themselves	themselves	PRON
fsr-3397	185	14	.	.	PUNCT
fsr-3397	186	1	as	as	SCONJ
fsr-3397	186	2	seen	see	VERB
fsr-3397	186	3	previously	previously	ADV
fsr-3397	186	4	in	in	ADP
fsr-3397	186	5	table	table	NOUN
fsr-3397	186	6	1	1	NUM
fsr-3397	186	7	,	,	PUNCT
fsr-3397	186	8	donating	donate	VERB
fsr-3397	186	9	appreciated	appreciated	ADJ
fsr-3397	186	10	stock	stock	NOUN
fsr-3397	186	11	improves	improve	VERB
fsr-3397	186	12	mean	mean	NOUN
fsr-3397	186	13	and	and	CCONJ
fsr-3397	186	14	median	median	ADJ
fsr-3397	186	15	terminal	terminal	ADJ
fsr-3397	186	16	wealth	wealth	NOUN
fsr-3397	186	17	,	,	PUNCT
fsr-3397	186	18	regardless	regardless	ADV
fsr-3397	186	19	of	of	ADP
fsr-3397	186	20	whether	whether	SCONJ
fsr-3397	186	21	one	one	NOUN
fsr-3397	186	22	realizes	realize	VERB
fsr-3397	186	23	capital	capital	NOUN
fsr-3397	186	24	losses	loss	NOUN
fsr-3397	186	25	and/or	and/or	CCONJ
fsr-3397	186	26	gains	gain	NOUN
fsr-3397	186	27	.	.	PUNCT
fsr-3397	187	1	a	a	DET
fsr-3397	187	2	comparison	comparison	NOUN
fsr-3397	187	3	across	across	ADP
fsr-3397	187	4	the	the	DET
fsr-3397	187	5	columns	column	NOUN
fsr-3397	187	6	of	of	ADP
fsr-3397	187	7	table	table	NOUN
fsr-3397	187	8	4	4	NUM
fsr-3397	187	9	shows	show	VERB
fsr-3397	187	10	that	that	SCONJ
fsr-3397	187	11	this	this	DET
fsr-3397	187	12	wealth	wealth	NOUN
fsr-3397	187	13	increase	increase	NOUN
fsr-3397	187	14	is	be	AUX
fsr-3397	187	15	due	due	ADJ
fsr-3397	187	16	to	to	ADP
fsr-3397	187	17	tax	tax	NOUN
fsr-3397	187	18	savings	saving	NOUN
fsr-3397	187	19	and	and	CCONJ
fsr-3397	187	20	a	a	DET
fsr-3397	187	21	diversification	diversification	NOUN
fsr-3397	187	22	return	return	NOUN
fsr-3397	187	23	,	,	PUNCT
fsr-3397	187	24	and	and	CCONJ
fsr-3397	187	25	that	that	SCONJ
fsr-3397	187	26	both	both	DET
fsr-3397	187	27	effects	effect	NOUN
fsr-3397	187	28	are	be	AUX
fsr-3397	187	29	greater	great	ADJ
fsr-3397	187	30	over	over	ADP
fsr-3397	187	31	longer	long	ADJ
fsr-3397	187	32	horizons	horizon	NOUN
fsr-3397	187	33	.	.	PUNCT
fsr-3397	188	1	this	this	PRON
fsr-3397	188	2	is	be	AUX
fsr-3397	188	3	expected	expect	VERB
fsr-3397	188	4	since	since	SCONJ
fsr-3397	188	5	donating	donate	VERB
fsr-3397	188	6	more	more	ADJ
fsr-3397	188	7	stock	stock	NOUN
fsr-3397	188	8	causes	cause	VERB
fsr-3397	188	9	more	more	ADJ
fsr-3397	188	10	of	of	ADP
fsr-3397	188	11	the	the	DET
fsr-3397	188	12	portfolio	portfolio	NOUN
fsr-3397	188	13	to	to	PART
fsr-3397	188	14	be	be	AUX
fsr-3397	188	15	stepped	step	VERB
fsr-3397	188	16	-	-	PUNCT
fsr-3397	188	17	up	up	NOUN
fsr-3397	188	18	in	in	ADP
fsr-3397	188	19	basis	basis	NOUN
fsr-3397	188	20	,	,	PUNCT
fsr-3397	188	21	while	while	SCONJ
fsr-3397	188	22	also	also	ADV
fsr-3397	188	23	reallocating	reallocate	VERB
fsr-3397	188	24	more	more	ADJ
fsr-3397	188	25	wealth	wealth	NOUN
fsr-3397	188	26	from	from	ADP
fsr-3397	188	27	the	the	DET
fsr-3397	188	28	most	most	ADV
fsr-3397	188	29	-	-	PUNCT
fsr-3397	188	30	weighted	weight	VERB
fsr-3397	188	31	to	to	ADP
fsr-3397	188	32	the	the	DET
fsr-3397	188	33	least	least	ADV
fsr-3397	188	34	-	-	PUNCT
fsr-3397	188	35	weighted	weight	VERB
fsr-3397	188	36	table	table	NOUN
fsr-3397	188	37	4	4	NUM
fsr-3397	188	38	mean	mean	NOUN
fsr-3397	188	39	(	(	PUNCT
fsr-3397	188	40	median	median	ADJ
fsr-3397	188	41	)	)	PUNCT
fsr-3397	188	42	increase	increase	NOUN
fsr-3397	188	43	in	in	ADP
fsr-3397	188	44	terminal	terminal	ADJ
fsr-3397	188	45	wealth	wealth	NOUN
fsr-3397	188	46	vs.	vs.	ADP
fsr-3397	188	47	buy	buy	NOUN
fsr-3397	188	48	-	-	PUNCT
fsr-3397	188	49	and	and	CCONJ
fsr-3397	188	50	-	-	PUNCT
fsr-3397	188	51	hold	hold	VERB
fsr-3397	188	52	due	due	ADJ
fsr-3397	188	53	to	to	ADP
fsr-3397	188	54	tax	tax	NOUN
fsr-3397	188	55	and	and	CCONJ
fsr-3397	188	56	diversification	diversification	NOUN
fsr-3397	188	57	effects	effect	NOUN
fsr-3397	188	58	years	year	NOUN
fsr-3397	188	59	invested	invest	VERB
fsr-3397	188	60	effect	effect	NOUN
fsr-3397	188	61	percentage	percentage	NOUN
fsr-3397	188	62	of	of	ADP
fsr-3397	188	63	income	income	NOUN
fsr-3397	188	64	donated	donate	VERB
fsr-3397	188	65	via	via	ADP
fsr-3397	188	66	appreciated	appreciated	ADJ
fsr-3397	188	67	stock	stock	NOUN
fsr-3397	188	68	0	0	NUM
fsr-3397	188	69	%	%	NOUN
fsr-3397	188	70	5	5	NUM
fsr-3397	188	71	%	%	NOUN
fsr-3397	188	72	10	10	NUM
fsr-3397	188	73	%	%	NOUN
fsr-3397	188	74	panel	panel	NOUN
fsr-3397	188	75	a	a	PRON
fsr-3397	188	76	:	:	PUNCT
fsr-3397	188	77	realize	realize	VERB
fsr-3397	188	78	no	no	DET
fsr-3397	188	79	losses	loss	NOUN
fsr-3397	188	80	or	or	CCONJ
fsr-3397	188	81	gains	gain	NOUN
fsr-3397	188	82	(	(	PUNCT
fsr-3397	188	83	buy	buy	VERB
fsr-3397	188	84	and	and	CCONJ
fsr-3397	188	85	hold	hold	VERB
fsr-3397	188	86	)	)	PUNCT
fsr-3397	188	87	10	10	NUM
fsr-3397	188	88	tax	tax	NOUN
fsr-3397	188	89	savings	saving	NOUN
fsr-3397	188	90	0.00	0.00	NUM
fsr-3397	188	91	(	(	PUNCT
fsr-3397	188	92	0.00	0.00	NUM
fsr-3397	188	93	)	)	PUNCT
fsr-3397	188	94	0.02	0.02	NUM
fsr-3397	188	95	(	(	PUNCT
fsr-3397	188	96	0.02	0.02	NUM
fsr-3397	188	97	)	)	PUNCT
fsr-3397	188	98	0.04	0.04	NUM
fsr-3397	188	99	(	(	PUNCT
fsr-3397	188	100	0.03	0.03	NUM
fsr-3397	188	101	)	)	PUNCT
fsr-3397	188	102	diversification	diversification	NOUN
fsr-3397	188	103	0.00	0.00	NUM
fsr-3397	188	104	(	(	PUNCT
fsr-3397	188	105	0.00	0.00	NUM
fsr-3397	188	106	)	)	PUNCT
fsr-3397	188	107	0.01	0.01	NUM
fsr-3397	188	108	(	(	PUNCT
fsr-3397	188	109	0.01	0.01	NUM
fsr-3397	188	110	)	)	PUNCT
fsr-3397	188	111	0.01	0.01	NUM
fsr-3397	188	112	(	(	PUNCT
fsr-3397	188	113	0.02	0.02	NUM
fsr-3397	188	114	)	)	PUNCT
fsr-3397	188	115	20	20	NUM
fsr-3397	188	116	tax	tax	NOUN
fsr-3397	188	117	savings	saving	NOUN
fsr-3397	188	118	0.00	0.00	NUM
fsr-3397	188	119	(	(	PUNCT
fsr-3397	188	120	0.00	0.00	NUM
fsr-3397	188	121	)	)	PUNCT
fsr-3397	188	122	0.03	0.03	NUM
fsr-3397	188	123	(	(	PUNCT
fsr-3397	188	124	0.03	0.03	NUM
fsr-3397	188	125	)	)	PUNCT
fsr-3397	188	126	0.07	0.07	NUM
fsr-3397	188	127	(	(	PUNCT
fsr-3397	188	128	0.05	0.05	NUM
fsr-3397	188	129	)	)	PUNCT
fsr-3397	188	130	diversification	diversification	NOUN
fsr-3397	188	131	0.00	0.00	NUM
fsr-3397	188	132	(	(	PUNCT
fsr-3397	188	133	0.00	0.00	NUM
fsr-3397	188	134	)	)	PUNCT
fsr-3397	188	135	0.06	0.06	NUM
fsr-3397	188	136	(	(	PUNCT
fsr-3397	188	137	0.05	0.05	NUM
fsr-3397	188	138	)	)	PUNCT
fsr-3397	188	139	0.08	0.08	NUM
fsr-3397	188	140	(	(	PUNCT
fsr-3397	188	141	0.08	0.08	NUM
fsr-3397	188	142	)	)	PUNCT
fsr-3397	188	143	30	30	NUM
fsr-3397	188	144	tax	tax	NOUN
fsr-3397	188	145	savings	saving	NOUN
fsr-3397	188	146	0.00	0.00	NUM
fsr-3397	188	147	(	(	PUNCT
fsr-3397	188	148	0.00	0.00	NUM
fsr-3397	188	149	)	)	PUNCT
fsr-3397	188	150	0.05	0.05	NUM
fsr-3397	188	151	(	(	PUNCT
fsr-3397	188	152	0.04	0.04	NUM
fsr-3397	188	153	)	)	PUNCT
fsr-3397	188	154	0.09	0.09	NUM
fsr-3397	188	155	(	(	PUNCT
fsr-3397	188	156	0.08	0.08	NUM
fsr-3397	188	157	)	)	PUNCT
fsr-3397	188	158	diversification	diversification	NOUN
fsr-3397	188	159	0.00	0.00	NUM
fsr-3397	188	160	(	(	PUNCT
fsr-3397	188	161	0.00	0.00	NUM
fsr-3397	188	162	)	)	PUNCT
fsr-3397	188	163	0.16	0.16	NUM
fsr-3397	188	164	(	(	PUNCT
fsr-3397	188	165	0.12	0.12	NUM
fsr-3397	188	166	)	)	PUNCT
fsr-3397	188	167	0.24	0.24	NUM
fsr-3397	188	168	(	(	PUNCT
fsr-3397	188	169	0.18	0.18	NUM
fsr-3397	188	170	)	)	PUNCT
fsr-3397	188	171	40	40	NUM
fsr-3397	188	172	tax	tax	NOUN
fsr-3397	188	173	savings	saving	NOUN
fsr-3397	188	174	0.00	0.00	NUM
fsr-3397	188	175	(	(	PUNCT
fsr-3397	188	176	0.00	0.00	NUM
fsr-3397	188	177	)	)	PUNCT
fsr-3397	188	178	0.08	0.08	NUM
fsr-3397	188	179	(	(	PUNCT
fsr-3397	188	180	0.05	0.05	NUM
fsr-3397	188	181	)	)	PUNCT
fsr-3397	188	182	0.13	0.13	NUM
fsr-3397	188	183	(	(	PUNCT
fsr-3397	188	184	0.09	0.09	NUM
fsr-3397	188	185	)	)	PUNCT
fsr-3397	188	186	diversification	diversification	NOUN
fsr-3397	188	187	0.00	0.00	NUM
fsr-3397	188	188	(	(	PUNCT
fsr-3397	188	189	0.00	0.00	NUM
fsr-3397	188	190	)	)	PUNCT
fsr-3397	188	191	0.34	0.34	NUM
fsr-3397	188	192	(	(	PUNCT
fsr-3397	188	193	0.22	0.22	NUM
fsr-3397	188	194	)	)	PUNCT
fsr-3397	188	195	0.49	0.49	NUM
fsr-3397	188	196	(	(	PUNCT
fsr-3397	188	197	0.34	0.34	NUM
fsr-3397	188	198	)	)	PUNCT
fsr-3397	188	199	50	50	NUM
fsr-3397	188	200	tax	tax	NOUN
fsr-3397	188	201	savings	saving	NOUN
fsr-3397	188	202	0.00	0.00	NUM
fsr-3397	188	203	(	(	PUNCT
fsr-3397	188	204	0.00	0.00	NUM
fsr-3397	188	205	)	)	PUNCT
fsr-3397	188	206	0.10	0.10	NUM
fsr-3397	188	207	(	(	PUNCT
fsr-3397	188	208	0.06	0.06	NUM
fsr-3397	188	209	)	)	PUNCT
fsr-3397	188	210	0.18	0.18	NUM
fsr-3397	188	211	(	(	PUNCT
fsr-3397	188	212	0.12	0.12	NUM
fsr-3397	188	213	)	)	PUNCT
fsr-3397	188	214	diversification	diversification	NOUN
fsr-3397	188	215	0.00	0.00	NUM
fsr-3397	188	216	(	(	PUNCT
fsr-3397	188	217	0.00	0.00	NUM
fsr-3397	188	218	)	)	PUNCT
fsr-3397	188	219	0.63	0.63	NUM
fsr-3397	188	220	(	(	PUNCT
fsr-3397	188	221	0.35	0.35	NUM
fsr-3397	188	222	)	)	PUNCT
fsr-3397	188	223	0.89	0.89	NUM
fsr-3397	188	224	(	(	PUNCT
fsr-3397	188	225	0.55	0.55	NUM
fsr-3397	188	226	)	)	PUNCT
fsr-3397	189	1	panel	panel	NOUN
fsr-3397	189	2	b	b	X
fsr-3397	189	3	:	:	PUNCT
fsr-3397	189	4	realize	realize	VERB
fsr-3397	189	5	all	all	DET
fsr-3397	189	6	losses	loss	NOUN
fsr-3397	189	7	each	each	DET
fsr-3397	189	8	year	year	NOUN
fsr-3397	189	9	10	10	NUM
fsr-3397	189	10	tax	tax	NOUN
fsr-3397	189	11	savings	saving	NOUN
fsr-3397	189	12	0.01	0.01	NUM
fsr-3397	189	13	(	(	PUNCT
fsr-3397	189	14	0.01	0.01	NUM
fsr-3397	189	15	)	)	PUNCT
fsr-3397	189	16	0.03	0.03	NUM
fsr-3397	189	17	(	(	PUNCT
fsr-3397	189	18	0.03	0.03	NUM
fsr-3397	189	19	)	)	PUNCT
fsr-3397	189	20	0.05	0.05	NUM
fsr-3397	189	21	(	(	PUNCT
fsr-3397	189	22	0.04	0.04	NUM
fsr-3397	189	23	)	)	PUNCT
fsr-3397	189	24	diversification	diversification	NOUN
fsr-3397	189	25	0.00	0.00	NUM
fsr-3397	189	26	(	(	PUNCT
fsr-3397	189	27	0.00	0.00	NUM
fsr-3397	189	28	)	)	PUNCT
fsr-3397	189	29	0.01	0.01	NUM
fsr-3397	189	30	(	(	PUNCT
fsr-3397	189	31	0.01	0.01	NUM
fsr-3397	189	32	)	)	PUNCT
fsr-3397	189	33	0.01	0.01	NUM
fsr-3397	189	34	(	(	PUNCT
fsr-3397	189	35	0.02	0.02	NUM
fsr-3397	189	36	)	)	PUNCT
fsr-3397	189	37	20	20	NUM
fsr-3397	189	38	tax	tax	NOUN
fsr-3397	189	39	savings	saving	NOUN
fsr-3397	189	40	0.02	0.02	NUM
fsr-3397	189	41	(	(	PUNCT
fsr-3397	189	42	0.02	0.02	NUM
fsr-3397	189	43	)	)	PUNCT
fsr-3397	189	44	0.06	0.06	NUM
fsr-3397	189	45	(	(	PUNCT
fsr-3397	189	46	0.05	0.05	NUM
fsr-3397	189	47	)	)	PUNCT
fsr-3397	189	48	0.09	0.09	NUM
fsr-3397	189	49	(	(	PUNCT
fsr-3397	189	50	0.08	0.08	NUM
fsr-3397	189	51	)	)	PUNCT
fsr-3397	189	52	diversification	diversification	NOUN
fsr-3397	189	53	0.02	0.02	NUM
fsr-3397	189	54	(	(	PUNCT
fsr-3397	189	55	0.00	0.00	NUM
fsr-3397	189	56	)	)	PUNCT
fsr-3397	189	57	0.06	0.06	NUM
fsr-3397	189	58	(	(	PUNCT
fsr-3397	189	59	0.05	0.05	NUM
fsr-3397	189	60	)	)	PUNCT
fsr-3397	189	61	0.09	0.09	NUM
fsr-3397	189	62	(	(	PUNCT
fsr-3397	189	63	0.08	0.08	NUM
fsr-3397	189	64	)	)	PUNCT
fsr-3397	189	65	30	30	NUM
fsr-3397	189	66	tax	tax	NOUN
fsr-3397	189	67	savings	saving	NOUN
fsr-3397	189	68	0.04	0.04	NUM
fsr-3397	189	69	(	(	PUNCT
fsr-3397	189	70	0.03	0.03	NUM
fsr-3397	189	71	)	)	PUNCT
fsr-3397	189	72	0.10	0.10	NUM
fsr-3397	189	73	(	(	PUNCT
fsr-3397	189	74	0.07	0.07	NUM
fsr-3397	189	75	)	)	PUNCT
fsr-3397	189	76	0.15	0.15	NUM
fsr-3397	189	77	(	(	PUNCT
fsr-3397	189	78	0.12	0.12	NUM
fsr-3397	189	79	)	)	PUNCT
fsr-3397	189	80	diversification	diversification	NOUN
fsr-3397	189	81	0.04	0.04	NUM
fsr-3397	189	82	(	(	PUNCT
fsr-3397	189	83	0.00	0.00	NUM
fsr-3397	189	84	)	)	PUNCT
fsr-3397	189	85	0.17	0.17	NUM
fsr-3397	189	86	(	(	PUNCT
fsr-3397	189	87	0.12	0.12	NUM
fsr-3397	189	88	)	)	PUNCT
fsr-3397	189	89	0.24	0.24	NUM
fsr-3397	189	90	(	(	PUNCT
fsr-3397	189	91	0.18	0.18	NUM
fsr-3397	189	92	)	)	PUNCT
fsr-3397	189	93	40	40	NUM
fsr-3397	189	94	tax	tax	NOUN
fsr-3397	189	95	savings	saving	NOUN
fsr-3397	189	96	0.04	0.04	NUM
fsr-3397	189	97	(	(	PUNCT
fsr-3397	189	98	0.03	0.03	NUM
fsr-3397	189	99	)	)	PUNCT
fsr-3397	189	100	0.15	0.15	NUM
fsr-3397	189	101	(	(	PUNCT
fsr-3397	189	102	0.10	0.10	NUM
fsr-3397	189	103	)	)	PUNCT
fsr-3397	189	104	0.21	0.21	NUM
fsr-3397	189	105	(	(	PUNCT
fsr-3397	189	106	0.16	0.16	NUM
fsr-3397	189	107	)	)	PUNCT
fsr-3397	189	108	diversification	diversification	NOUN
fsr-3397	189	109	0.09	0.09	NUM
fsr-3397	189	110	(	(	PUNCT
fsr-3397	189	111	0.01	0.01	NUM
fsr-3397	189	112	)	)	PUNCT
fsr-3397	189	113	0.36	0.36	NUM
fsr-3397	189	114	(	(	PUNCT
fsr-3397	189	115	0.22	0.22	NUM
fsr-3397	189	116	)	)	PUNCT
fsr-3397	189	117	0.50	0.50	NUM
fsr-3397	189	118	(	(	PUNCT
fsr-3397	189	119	0.33	0.33	NUM
fsr-3397	189	120	)	)	PUNCT
fsr-3397	189	121	50	50	NUM
fsr-3397	189	122	tax	tax	NOUN
fsr-3397	189	123	savings	saving	NOUN
fsr-3397	189	124	0.07	0.07	NUM
fsr-3397	189	125	(	(	PUNCT
fsr-3397	189	126	0.04	0.04	NUM
fsr-3397	189	127	)	)	PUNCT
fsr-3397	189	128	0.21	0.21	NUM
fsr-3397	189	129	(	(	PUNCT
fsr-3397	189	130	0.13	0.13	NUM
fsr-3397	189	131	)	)	PUNCT
fsr-3397	189	132	0.30	0.30	NUM
fsr-3397	189	133	(	(	PUNCT
fsr-3397	189	134	0.20	0.20	NUM
fsr-3397	189	135	)	)	PUNCT
fsr-3397	189	136	diversification	diversification	NOUN
fsr-3397	189	137	0.15	0.15	NUM
fsr-3397	189	138	(	(	PUNCT
fsr-3397	189	139	0.02	0.02	NUM
fsr-3397	189	140	)	)	PUNCT
fsr-3397	189	141	0.66	0.66	NUM
fsr-3397	189	142	(	(	PUNCT
fsr-3397	189	143	0.36	0.36	NUM
fsr-3397	189	144	)	)	PUNCT
fsr-3397	189	145	0.90	0.90	NUM
fsr-3397	189	146	(	(	PUNCT
fsr-3397	189	147	0.54	0.54	NUM
fsr-3397	189	148	)	)	PUNCT
fsr-3397	189	149	panel	panel	NOUN
fsr-3397	189	150	c	c	NOUN
fsr-3397	189	151	:	:	PUNCT
fsr-3397	189	152	realize	realize	VERB
fsr-3397	189	153	all	all	DET
fsr-3397	189	154	losses	loss	NOUN
fsr-3397	189	155	and	and	CCONJ
fsr-3397	189	156	offsetting	offset	VERB
fsr-3397	189	157	gains	gain	NOUN
fsr-3397	189	158	10	10	NUM
fsr-3397	189	159	tax	tax	NOUN
fsr-3397	189	160	savings	saving	NOUN
fsr-3397	189	161	0.01	0.01	NUM
fsr-3397	189	162	(	(	PUNCT
fsr-3397	189	163	0.01	0.01	NUM
fsr-3397	189	164	)	)	PUNCT
fsr-3397	189	165	0.03	0.03	NUM
fsr-3397	189	166	(	(	PUNCT
fsr-3397	189	167	0.02	0.02	NUM
fsr-3397	189	168	)	)	PUNCT
fsr-3397	189	169	0.04	0.04	NUM
fsr-3397	189	170	(	(	PUNCT
fsr-3397	189	171	0.04	0.04	NUM
fsr-3397	189	172	)	)	PUNCT
fsr-3397	189	173	diversification	diversification	NOUN
fsr-3397	189	174	0.02	0.02	NUM
fsr-3397	189	175	(	(	PUNCT
fsr-3397	189	176	0.01	0.01	NUM
fsr-3397	189	177	)	)	PUNCT
fsr-3397	189	178	0.02	0.02	NUM
fsr-3397	189	179	(	(	PUNCT
fsr-3397	189	180	0.02	0.02	NUM
fsr-3397	189	181	)	)	PUNCT
fsr-3397	189	182	0.02	0.02	NUM
fsr-3397	189	183	(	(	PUNCT
fsr-3397	189	184	0.02	0.02	NUM
fsr-3397	189	185	)	)	PUNCT
fsr-3397	189	186	20	20	NUM
fsr-3397	189	187	tax	tax	NOUN
fsr-3397	189	188	savings	saving	NOUN
fsr-3397	189	189	0.02	0.02	NUM
fsr-3397	189	190	(	(	PUNCT
fsr-3397	189	191	0.02	0.02	NUM
fsr-3397	189	192	)	)	PUNCT
fsr-3397	189	193	0.06	0.06	NUM
fsr-3397	189	194	(	(	PUNCT
fsr-3397	189	195	0.04	0.04	NUM
fsr-3397	189	196	)	)	PUNCT
fsr-3397	189	197	0.08	0.08	NUM
fsr-3397	189	198	(	(	PUNCT
fsr-3397	189	199	0.08	0.08	NUM
fsr-3397	189	200	)	)	PUNCT
fsr-3397	189	201	diversification	diversification	NOUN
fsr-3397	189	202	0.09	0.09	NUM
fsr-3397	189	203	(	(	PUNCT
fsr-3397	189	204	0.06	0.06	NUM
fsr-3397	189	205	)	)	PUNCT
fsr-3397	189	206	0.10	0.10	NUM
fsr-3397	189	207	(	(	PUNCT
fsr-3397	189	208	0.09	0.09	NUM
fsr-3397	189	209	)	)	PUNCT
fsr-3397	189	210	0.11	0.11	NUM
fsr-3397	189	211	(	(	PUNCT
fsr-3397	189	212	0.09	0.09	NUM
fsr-3397	189	213	)	)	PUNCT
fsr-3397	189	214	30	30	NUM
fsr-3397	189	215	tax	tax	NOUN
fsr-3397	189	216	savings	saving	NOUN
fsr-3397	189	217	0.04	0.04	NUM
fsr-3397	189	218	(	(	PUNCT
fsr-3397	189	219	0.03	0.03	NUM
fsr-3397	189	220	)	)	PUNCT
fsr-3397	189	221	0.08	0.08	NUM
fsr-3397	189	222	(	(	PUNCT
fsr-3397	189	223	0.07	0.07	NUM
fsr-3397	189	224	)	)	PUNCT
fsr-3397	189	225	0.12	0.12	NUM
fsr-3397	189	226	(	(	PUNCT
fsr-3397	189	227	0.10	0.10	NUM
fsr-3397	189	228	)	)	PUNCT
fsr-3397	189	229	diversification	diversification	NOUN
fsr-3397	189	230	0.22	0.22	NUM
fsr-3397	189	231	(	(	PUNCT
fsr-3397	189	232	0.14	0.14	NUM
fsr-3397	189	233	)	)	PUNCT
fsr-3397	189	234	0.28	0.28	NUM
fsr-3397	189	235	(	(	PUNCT
fsr-3397	189	236	0.20	0.20	NUM
fsr-3397	189	237	)	)	PUNCT
fsr-3397	189	238	0.30	0.30	NUM
fsr-3397	189	239	(	(	PUNCT
fsr-3397	189	240	0.23	0.23	NUM
fsr-3397	189	241	)	)	PUNCT
fsr-3397	189	242	40	40	NUM
fsr-3397	189	243	tax	tax	NOUN
fsr-3397	189	244	savings	saving	NOUN
fsr-3397	189	245	0.06	0.06	NUM
fsr-3397	189	246	(	(	PUNCT
fsr-3397	189	247	0.04	0.04	NUM
fsr-3397	189	248	)	)	PUNCT
fsr-3397	189	249	0.13	0.13	NUM
fsr-3397	189	250	(	(	PUNCT
fsr-3397	189	251	0.10	0.10	NUM
fsr-3397	189	252	)	)	PUNCT
fsr-3397	189	253	0.18	0.18	NUM
fsr-3397	189	254	(	(	PUNCT
fsr-3397	189	255	0.15	0.15	NUM
fsr-3397	189	256	)	)	PUNCT
fsr-3397	189	257	diversification	diversification	NOUN
fsr-3397	189	258	0.42	0.42	NUM
fsr-3397	189	259	(	(	PUNCT
fsr-3397	189	260	0.23	0.23	NUM
fsr-3397	189	261	)	)	PUNCT
fsr-3397	189	262	0.56	0.56	NUM
fsr-3397	189	263	(	(	PUNCT
fsr-3397	189	264	0.37	0.37	NUM
fsr-3397	189	265	)	)	PUNCT
fsr-3397	189	266	0.61	0.61	NUM
fsr-3397	189	267	(	(	PUNCT
fsr-3397	189	268	0.42	0.42	NUM
fsr-3397	189	269	)	)	PUNCT
fsr-3397	189	270	50	50	NUM
fsr-3397	189	271	tax	tax	NOUN
fsr-3397	189	272	savings	saving	NOUN
fsr-3397	189	273	0.09	0.09	NUM
fsr-3397	189	274	(	(	PUNCT
fsr-3397	189	275	0.05	0.05	NUM
fsr-3397	189	276	)	)	PUNCT
fsr-3397	189	277	0.19	0.19	NUM
fsr-3397	189	278	(	(	PUNCT
fsr-3397	189	279	0.13	0.13	NUM
fsr-3397	189	280	)	)	PUNCT
fsr-3397	189	281	0.26	0.26	NUM
fsr-3397	189	282	(	(	PUNCT
fsr-3397	189	283	0.19	0.19	NUM
fsr-3397	189	284	)	)	PUNCT
fsr-3397	189	285	diversification	diversification	NOUN
fsr-3397	189	286	0.69	0.69	NUM
fsr-3397	189	287	(	(	PUNCT
fsr-3397	189	288	0.34	0.34	NUM
fsr-3397	189	289	)	)	PUNCT
fsr-3397	189	290	0.99	0.99	NUM
fsr-3397	189	291	(	(	PUNCT
fsr-3397	189	292	0.61	0.61	NUM
fsr-3397	189	293	)	)	PUNCT
fsr-3397	189	294	1.10	1.10	NUM
fsr-3397	189	295	(	(	PUNCT
fsr-3397	189	296	0.70	0.70	NUM
fsr-3397	189	297	)	)	PUNCT
fsr-3397	189	298	268	268	NUM
fsr-3397	189	299	j.	j.	PROPN
fsr-3397	189	300	whitworth	whitworth	PROPN
fsr-3397	189	301	/	/	SYM
fsr-3397	189	302	financial	financial	ADJ
fsr-3397	189	303	services	service	NOUN
fsr-3397	189	304	review	review	VERB
fsr-3397	189	305	27	27	NUM
fsr-3397	189	306	(	(	PUNCT
fsr-3397	189	307	2018	2018	NUM
fsr-3397	189	308	)	)	PUNCT
fsr-3397	189	309	257	257	NUM
fsr-3397	189	310	-	-	SYM
fsr-3397	189	311	277	277	NUM
fsr-3397	189	312	stocks	stock	NOUN
fsr-3397	189	313	,	,	PUNCT
fsr-3397	189	314	reducing	reduce	VERB
fsr-3397	189	315	portfolio	portfolio	NOUN
fsr-3397	189	316	concentration	concentration	NOUN
fsr-3397	189	317	.	.	PUNCT
fsr-3397	190	1	as	as	ADP
fsr-3397	190	2	an	an	DET
fsr-3397	190	3	example	example	NOUN
fsr-3397	190	4	,	,	PUNCT
fsr-3397	190	5	consider	consider	VERB
fsr-3397	190	6	an	an	DET
fsr-3397	190	7	investor	investor	NOUN
fsr-3397	190	8	with	with	ADP
fsr-3397	190	9	a	a	DET
fsr-3397	190	10	50	50	NUM
fsr-3397	190	11	-	-	PUNCT
fsr-3397	190	12	year	year	NOUN
fsr-3397	190	13	horizon	horizon	NOUN
fsr-3397	190	14	who	who	PRON
fsr-3397	190	15	realizes	realize	VERB
fsr-3397	190	16	capital	capital	NOUN
fsr-3397	190	17	losses	loss	NOUN
fsr-3397	190	18	only	only	ADV
fsr-3397	190	19	.	.	PUNCT
fsr-3397	191	1	table	table	NOUN
fsr-3397	191	2	1	1	NUM
fsr-3397	191	3	shows	show	VERB
fsr-3397	191	4	that	that	SCONJ
fsr-3397	191	5	such	such	DET
fsr-3397	191	6	an	an	DET
fsr-3397	191	7	investor	investor	NOUN
fsr-3397	191	8	who	who	PRON
fsr-3397	191	9	donates	donate	VERB
fsr-3397	191	10	10	10	NUM
fsr-3397	191	11	%	%	NOUN
fsr-3397	191	12	of	of	ADP
fsr-3397	191	13	his	his	PRON
fsr-3397	191	14	income	income	NOUN
fsr-3397	191	15	via	via	ADP
fsr-3397	191	16	appreciated	appreciated	ADJ
fsr-3397	191	17	stock	stock	NOUN
fsr-3397	191	18	enjoys	enjoy	VERB
fsr-3397	191	19	a	a	DET
fsr-3397	191	20	mean	mean	ADJ
fsr-3397	191	21	terminal	terminal	ADJ
fsr-3397	191	22	wealth	wealth	NOUN
fsr-3397	191	23	ratio	ratio	NOUN
fsr-3397	191	24	of	of	ADP
fsr-3397	191	25	2.20	2.20	NUM
fsr-3397	191	26	,	,	PUNCT
fsr-3397	191	27	but	but	CCONJ
fsr-3397	191	28	this	this	DET
fsr-3397	191	29	ratio	ratio	NOUN
fsr-3397	191	30	for	for	ADP
fsr-3397	191	31	a	a	DET
fsr-3397	191	32	non	non	ADJ
fsr-3397	191	33	-	-	ADJ
fsr-3397	191	34	donor	donor	ADJ
fsr-3397	191	35	is	be	AUX
fsr-3397	191	36	only	only	ADV
fsr-3397	191	37	1.22	1.22	NUM
fsr-3397	191	38	.	.	PUNCT
fsr-3397	192	1	these	these	DET
fsr-3397	192	2	values	value	NOUN
fsr-3397	192	3	represent	represent	VERB
fsr-3397	192	4	total	total	ADJ
fsr-3397	192	5	wealth	wealth	NOUN
fsr-3397	192	6	increases	increase	NOUN
fsr-3397	192	7	of	of	ADP
fsr-3397	192	8	120	120	NUM
fsr-3397	192	9	%	%	NOUN
fsr-3397	192	10	and	and	CCONJ
fsr-3397	192	11	22	22	NUM
fsr-3397	192	12	%	%	NOUN
fsr-3397	192	13	,	,	PUNCT
fsr-3397	192	14	respectively	respectively	ADV
fsr-3397	192	15	,	,	PUNCT
fsr-3397	192	16	versus	versus	ADP
fsr-3397	192	17	a	a	DET
fsr-3397	192	18	pure	pure	ADJ
fsr-3397	192	19	buy	buy	NOUN
fsr-3397	192	20	-	-	PUNCT
fsr-3397	192	21	and	and	CCONJ
fsr-3397	192	22	-	-	PUNCT
fsr-3397	192	23	hold	hold	VERB
fsr-3397	192	24	investor	investor	NOUN
fsr-3397	192	25	.	.	PUNCT
fsr-3397	193	1	table	table	NOUN
fsr-3397	193	2	4	4	NUM
fsr-3397	193	3	shows	show	VERB
fsr-3397	193	4	that	that	PRON
fsr-3397	193	5	of	of	ADP
fsr-3397	193	6	the	the	DET
fsr-3397	193	7	non	non	ADJ
fsr-3397	193	8	-	-	ADJ
fsr-3397	193	9	donor	donor	ADJ
fsr-3397	193	10	’s	’s	PART
fsr-3397	193	11	22	22	NUM
fsr-3397	193	12	%	%	NOUN
fsr-3397	193	13	wealth	wealth	NOUN
fsr-3397	193	14	increase	increase	NOUN
fsr-3397	193	15	,	,	PUNCT
fsr-3397	193	16	7	7	NUM
fsr-3397	193	17	%	%	NOUN
fsr-3397	193	18	is	be	AUX
fsr-3397	193	19	directly	directly	ADV
fsr-3397	193	20	due	due	ADJ
fsr-3397	193	21	to	to	ADP
fsr-3397	193	22	tax	tax	NOUN
fsr-3397	193	23	loss	loss	NOUN
fsr-3397	193	24	deductions	deduction	NOUN
fsr-3397	193	25	,	,	PUNCT
fsr-3397	193	26	while	while	SCONJ
fsr-3397	193	27	15	15	NUM
fsr-3397	193	28	%	%	NOUN
fsr-3397	193	29	is	be	AUX
fsr-3397	193	30	due	due	ADJ
fsr-3397	193	31	to	to	ADP
fsr-3397	193	32	slightly	slightly	ADV
fsr-3397	193	33	better	well	ADJ
fsr-3397	193	34	diversification	diversification	NOUN
fsr-3397	193	35	.	.	PUNCT
fsr-3397	194	1	likewise	likewise	ADV
fsr-3397	194	2	,	,	PUNCT
fsr-3397	194	3	of	of	ADP
fsr-3397	194	4	the	the	DET
fsr-3397	194	5	stock	stock	NOUN
fsr-3397	194	6	donor	donor	NOUN
fsr-3397	194	7	’s	’s	PART
fsr-3397	194	8	120	120	NUM
fsr-3397	194	9	%	%	NOUN
fsr-3397	194	10	wealth	wealth	NOUN
fsr-3397	194	11	increase	increase	NOUN
fsr-3397	194	12	,	,	PUNCT
fsr-3397	194	13	30	30	NUM
fsr-3397	194	14	%	%	NOUN
fsr-3397	194	15	is	be	AUX
fsr-3397	194	16	due	due	ADJ
fsr-3397	194	17	to	to	ADP
fsr-3397	194	18	tax	tax	NOUN
fsr-3397	194	19	benefits	benefit	NOUN
fsr-3397	194	20	,	,	PUNCT
fsr-3397	194	21	and	and	CCONJ
fsr-3397	194	22	the	the	DET
fsr-3397	194	23	remaining	remain	VERB
fsr-3397	194	24	90	90	NUM
fsr-3397	194	25	%	%	NOUN
fsr-3397	194	26	is	be	AUX
fsr-3397	194	27	due	due	ADJ
fsr-3397	194	28	to	to	ADP
fsr-3397	194	29	much	much	ADV
fsr-3397	194	30	better	well	ADJ
fsr-3397	194	31	diversification	diversification	NOUN
fsr-3397	194	32	.	.	PUNCT
fsr-3397	195	1	table	table	NOUN
fsr-3397	195	2	4	4	NUM
fsr-3397	195	3	also	also	ADV
fsr-3397	195	4	reveals	reveal	VERB
fsr-3397	195	5	the	the	DET
fsr-3397	195	6	tax	tax	NOUN
fsr-3397	195	7	and	and	CCONJ
fsr-3397	195	8	diversification	diversification	NOUN
fsr-3397	195	9	effects	effect	NOUN
fsr-3397	195	10	simply	simply	ADV
fsr-3397	195	11	from	from	ADP
fsr-3397	195	12	realizing	realize	VERB
fsr-3397	195	13	capital	capital	NOUN
fsr-3397	195	14	losses	loss	NOUN
fsr-3397	195	15	and/or	and/or	CCONJ
fsr-3397	195	16	gains	gain	NOUN
fsr-3397	195	17	.	.	PUNCT
fsr-3397	196	1	comparing	compare	VERB
fsr-3397	196	2	panel	panel	PROPN
fsr-3397	196	3	b	b	PROPN
fsr-3397	196	4	versus	versus	ADP
fsr-3397	196	5	panel	panel	NOUN
fsr-3397	196	6	a	a	DET
fsr-3397	196	7	shows	show	NOUN
fsr-3397	196	8	that	that	SCONJ
fsr-3397	196	9	while	while	SCONJ
fsr-3397	196	10	tax	tax	NOUN
fsr-3397	196	11	-	-	PUNCT
fsr-3397	196	12	loss	loss	NOUN
fsr-3397	196	13	selling	selling	NOUN
fsr-3397	196	14	does	do	AUX
fsr-3397	196	15	create	create	VERB
fsr-3397	196	16	a	a	DET
fsr-3397	196	17	modest	modest	ADJ
fsr-3397	196	18	diversification	diversification	NOUN
fsr-3397	196	19	return	return	NOUN
fsr-3397	196	20	for	for	ADP
fsr-3397	196	21	non	non	NOUN
fsr-3397	196	22	-	-	NOUN
fsr-3397	196	23	donors	donor	NOUN
fsr-3397	196	24	,	,	PUNCT
fsr-3397	196	25	the	the	DET
fsr-3397	196	26	value	value	NOUN
fsr-3397	196	27	of	of	ADP
fsr-3397	196	28	loss	loss	NOUN
fsr-3397	196	29	harvesting	harvesting	NOUN
fsr-3397	196	30	for	for	ADP
fsr-3397	196	31	stock	stock	NOUN
fsr-3397	196	32	donors	donor	NOUN
fsr-3397	196	33	is	be	AUX
fsr-3397	196	34	almost	almost	ADV
fsr-3397	196	35	entirely	entirely	ADV
fsr-3397	196	36	limited	limit	VERB
fsr-3397	196	37	to	to	ADP
fsr-3397	196	38	the	the	DET
fsr-3397	196	39	tax	tax	NOUN
fsr-3397	196	40	benefit	benefit	NOUN
fsr-3397	196	41	itself	itself	PRON
fsr-3397	196	42	.	.	PUNCT
fsr-3397	197	1	conversely	conversely	ADV
fsr-3397	197	2	,	,	PUNCT
fsr-3397	197	3	comparing	compare	VERB
fsr-3397	197	4	panel	panel	NOUN
fsr-3397	197	5	c	c	PROPN
fsr-3397	197	6	versus	versus	ADP
fsr-3397	197	7	panel	panel	PROPN
fsr-3397	197	8	b	b	PROPN
fsr-3397	197	9	shows	show	VERB
fsr-3397	197	10	that	that	SCONJ
fsr-3397	197	11	smith	smith	PROPN
fsr-3397	197	12	and	and	CCONJ
fsr-3397	197	13	smith	smith	PROPN
fsr-3397	197	14	’s	’s	PART
fsr-3397	197	15	(	(	PUNCT
fsr-3397	197	16	2008	2008	NUM
fsr-3397	197	17	)	)	PUNCT
fsr-3397	197	18	gain	gain	VERB
fsr-3397	197	19	harvesting	harvesting	NOUN
fsr-3397	197	20	strategy	strategy	NOUN
fsr-3397	197	21	improves	improve	VERB
fsr-3397	197	22	portfolio	portfolio	NOUN
fsr-3397	197	23	value	value	NOUN
fsr-3397	197	24	through	through	ADP
fsr-3397	197	25	diversification	diversification	NOUN
fsr-3397	197	26	rather	rather	ADV
fsr-3397	197	27	than	than	ADP
fsr-3397	197	28	tax	tax	NOUN
fsr-3397	197	29	savings	saving	NOUN
fsr-3397	197	30	.	.	PUNCT
fsr-3397	198	1	the	the	DET
fsr-3397	198	2	incremental	incremental	ADJ
fsr-3397	198	3	diversification	diversification	NOUN
fsr-3397	198	4	return	return	NOUN
fsr-3397	198	5	is	be	AUX
fsr-3397	198	6	larger	large	ADJ
fsr-3397	198	7	for	for	ADP
fsr-3397	198	8	non	non	NOUN
fsr-3397	198	9	-	-	NOUN
fsr-3397	198	10	donors	donor	NOUN
fsr-3397	198	11	,	,	PUNCT
fsr-3397	198	12	because	because	SCONJ
fsr-3397	198	13	investors	investor	NOUN
fsr-3397	198	14	who	who	PRON
fsr-3397	198	15	donate	donate	VERB
fsr-3397	198	16	appreciated	appreciated	ADJ
fsr-3397	198	17	stock	stock	NOUN
fsr-3397	198	18	have	have	AUX
fsr-3397	198	19	already	already	ADV
fsr-3397	198	20	achieved	achieve	VERB
fsr-3397	198	21	much	much	ADJ
fsr-3397	198	22	of	of	ADP
fsr-3397	198	23	the	the	DET
fsr-3397	198	24	potential	potential	ADJ
fsr-3397	198	25	diversification	diversification	NOUN
fsr-3397	198	26	improvement	improvement	NOUN
fsr-3397	198	27	.	.	PUNCT
fsr-3397	199	1	the	the	DET
fsr-3397	199	2	incremental	incremental	ADJ
fsr-3397	199	3	tax	tax	NOUN
fsr-3397	199	4	effect	effect	NOUN
fsr-3397	199	5	from	from	ADP
fsr-3397	199	6	harvesting	harvesting	NOUN
fsr-3397	199	7	gains	gain	NOUN
fsr-3397	199	8	is	be	AUX
fsr-3397	199	9	very	very	ADV
fsr-3397	199	10	small	small	ADJ
fsr-3397	199	11	and	and	CCONJ
fsr-3397	199	12	in	in	ADP
fsr-3397	199	13	some	some	DET
fsr-3397	199	14	cases	case	NOUN
fsr-3397	199	15	slightly	slightly	ADV
fsr-3397	199	16	negative	negative	ADJ
fsr-3397	199	17	.	.	PUNCT
fsr-3397	200	1	this	this	DET
fsr-3397	200	2	result	result	NOUN
fsr-3397	200	3	can	can	AUX
fsr-3397	200	4	be	be	AUX
fsr-3397	200	5	understood	understand	VERB
fsr-3397	200	6	by	by	ADP
fsr-3397	200	7	considering	consider	VERB
fsr-3397	200	8	the	the	DET
fsr-3397	200	9	tax	tax	NOUN
fsr-3397	200	10	arguments	argument	NOUN
fsr-3397	200	11	both	both	CCONJ
fsr-3397	200	12	for	for	ADP
fsr-3397	200	13	and	and	CCONJ
fsr-3397	200	14	against	against	ADP
fsr-3397	200	15	the	the	DET
fsr-3397	200	16	gain	gain	NOUN
fsr-3397	200	17	recognition	recognition	NOUN
fsr-3397	200	18	strategy	strategy	NOUN
fsr-3397	200	19	.	.	PUNCT
fsr-3397	201	1	while	while	SCONJ
fsr-3397	201	2	offsetting	offset	VERB
fsr-3397	201	3	gains	gain	NOUN
fsr-3397	201	4	against	against	ADP
fsr-3397	201	5	losses	loss	NOUN
fsr-3397	201	6	does	do	AUX
fsr-3397	201	7	effectively	effectively	ADV
fsr-3397	201	8	reset	reset	VERB
fsr-3397	201	9	the	the	DET
fsr-3397	201	10	cost	cost	NOUN
fsr-3397	201	11	basis	basis	NOUN
fsr-3397	201	12	on	on	ADP
fsr-3397	201	13	those	those	DET
fsr-3397	201	14	shares	share	NOUN
fsr-3397	201	15	and	and	CCONJ
fsr-3397	201	16	can	can	AUX
fsr-3397	201	17	create	create	VERB
fsr-3397	201	18	future	future	ADJ
fsr-3397	201	19	opportunities	opportunity	NOUN
fsr-3397	201	20	to	to	PART
fsr-3397	201	21	deduct	deduct	VERB
fsr-3397	201	22	losses	loss	NOUN
fsr-3397	201	23	,	,	PUNCT
fsr-3397	201	24	the	the	DET
fsr-3397	201	25	strategy	strategy	NOUN
fsr-3397	201	26	can	can	AUX
fsr-3397	201	27	backfire	backfire	VERB
fsr-3397	201	28	if	if	SCONJ
fsr-3397	201	29	no	no	DET
fsr-3397	201	30	shares	share	NOUN
fsr-3397	201	31	(	(	PUNCT
fsr-3397	201	32	or	or	CCONJ
fsr-3397	201	33	very	very	ADV
fsr-3397	201	34	few	few	ADJ
fsr-3397	201	35	)	)	PUNCT
fsr-3397	201	36	decline	decline	VERB
fsr-3397	201	37	the	the	DET
fsr-3397	201	38	following	following	ADJ
fsr-3397	201	39	year	year	NOUN
fsr-3397	201	40	,	,	PUNCT
fsr-3397	201	41	leaving	leave	VERB
fsr-3397	201	42	the	the	DET
fsr-3397	201	43	investor	investor	NOUN
fsr-3397	201	44	with	with	ADP
fsr-3397	201	45	little	little	ADJ
fsr-3397	201	46	or	or	CCONJ
fsr-3397	201	47	no	no	PRON
fsr-3397	201	48	capital	capital	NOUN
fsr-3397	201	49	loss	loss	NOUN
fsr-3397	201	50	deduction	deduction	NOUN
fsr-3397	201	51	.	.	PUNCT
fsr-3397	202	1	in	in	ADP
fsr-3397	202	2	such	such	DET
fsr-3397	202	3	a	a	DET
fsr-3397	202	4	case	case	NOUN
fsr-3397	202	5	,	,	PUNCT
fsr-3397	202	6	it	it	PRON
fsr-3397	202	7	would	would	AUX
fsr-3397	202	8	have	have	AUX
fsr-3397	202	9	been	be	AUX
fsr-3397	202	10	better	well	ADJ
fsr-3397	202	11	to	to	PART
fsr-3397	202	12	carry	carry	VERB
fsr-3397	202	13	at	at	ADP
fsr-3397	202	14	least	least	ADJ
fsr-3397	202	15	some	some	PRON
fsr-3397	202	16	of	of	ADP
fsr-3397	202	17	the	the	DET
fsr-3397	202	18	excess	excess	ADJ
fsr-3397	202	19	loss	loss	NOUN
fsr-3397	202	20	forward	forward	ADV
fsr-3397	202	21	and	and	CCONJ
fsr-3397	202	22	deduct	deduct	VERB
fsr-3397	202	23	it	it	PRON
fsr-3397	202	24	the	the	DET
fsr-3397	202	25	following	following	ADJ
fsr-3397	202	26	year	year	NOUN
fsr-3397	202	27	.	.	PUNCT
fsr-3397	203	1	it	it	PRON
fsr-3397	203	2	is	be	AUX
fsr-3397	203	3	important	important	ADJ
fsr-3397	203	4	to	to	PART
fsr-3397	203	5	note	note	VERB
fsr-3397	203	6	,	,	PUNCT
fsr-3397	203	7	however	however	ADV
fsr-3397	203	8	,	,	PUNCT
fsr-3397	203	9	that	that	SCONJ
fsr-3397	203	10	the	the	DET
fsr-3397	203	11	gain	gain	NOUN
fsr-3397	203	12	harvesting	harvesting	NOUN
fsr-3397	203	13	strategy	strategy	NOUN
fsr-3397	203	14	is	be	AUX
fsr-3397	203	15	still	still	ADV
fsr-3397	203	16	sound	sound	ADJ
fsr-3397	203	17	,	,	PUNCT
fsr-3397	203	18	as	as	SCONJ
fsr-3397	203	19	the	the	DET
fsr-3397	203	20	increase	increase	NOUN
fsr-3397	203	21	in	in	ADP
fsr-3397	203	22	the	the	DET
fsr-3397	203	23	diversification	diversification	NOUN
fsr-3397	203	24	return	return	NOUN
fsr-3397	203	25	outweighs	outweigh	VERB
fsr-3397	203	26	any	any	DET
fsr-3397	203	27	decrease	decrease	NOUN
fsr-3397	203	28	in	in	ADP
fsr-3397	203	29	the	the	DET
fsr-3397	203	30	tax	tax	NOUN
fsr-3397	203	31	savings	saving	NOUN
fsr-3397	203	32	component	component	NOUN
fsr-3397	203	33	.	.	PUNCT
fsr-3397	204	1	3.5	3.5	NUM
fsr-3397	204	2	.	.	PUNCT
fsr-3397	205	1	shortfall	shortfall	NOUN
fsr-3397	205	2	risk	risk	NOUN
fsr-3397	205	3	one	one	NUM
fsr-3397	205	4	practical	practical	ADJ
fsr-3397	205	5	risk	risk	NOUN
fsr-3397	205	6	measure	measure	NOUN
fsr-3397	205	7	is	be	AUX
fsr-3397	205	8	the	the	DET
fsr-3397	205	9	probability	probability	NOUN
fsr-3397	205	10	of	of	ADP
fsr-3397	205	11	failing	fail	VERB
fsr-3397	205	12	to	to	PART
fsr-3397	205	13	earn	earn	VERB
fsr-3397	205	14	a	a	DET
fsr-3397	205	15	specified	specified	ADJ
fsr-3397	205	16	minimum	minimum	ADJ
fsr-3397	205	17	return	return	NOUN
fsr-3397	205	18	.	.	PUNCT
fsr-3397	206	1	for	for	ADP
fsr-3397	206	2	each	each	PRON
fsr-3397	206	3	of	of	ADP
fsr-3397	206	4	the	the	DET
fsr-3397	206	5	strategy	strategy	NOUN
fsr-3397	206	6	combinations	combination	NOUN
fsr-3397	206	7	simulated	simulate	VERB
fsr-3397	206	8	,	,	PUNCT
fsr-3397	206	9	table	table	NOUN
fsr-3397	206	10	5	5	NUM
fsr-3397	206	11	reports	report	VERB
fsr-3397	206	12	the	the	DET
fsr-3397	206	13	probability	probability	NOUN
fsr-3397	206	14	of	of	ADP
fsr-3397	206	15	earning	earn	VERB
fsr-3397	206	16	a	a	DET
fsr-3397	206	17	negative	negative	ADJ
fsr-3397	206	18	return	return	NOUN
fsr-3397	206	19	and	and	CCONJ
fsr-3397	206	20	thereby	thereby	ADV
fsr-3397	206	21	ending	end	VERB
fsr-3397	206	22	up	up	ADP
fsr-3397	206	23	with	with	ADP
fsr-3397	206	24	less	less	ADJ
fsr-3397	206	25	than	than	ADP
fsr-3397	206	26	the	the	DET
fsr-3397	206	27	original	original	ADJ
fsr-3397	206	28	investment	investment	NOUN
fsr-3397	206	29	at	at	ADP
fsr-3397	206	30	the	the	DET
fsr-3397	206	31	end	end	NOUN
fsr-3397	206	32	of	of	ADP
fsr-3397	206	33	the	the	DET
fsr-3397	206	34	horizon	horizon	NOUN
fsr-3397	206	35	.	.	PUNCT
fsr-3397	207	1	given	give	VERB
fsr-3397	207	2	the	the	DET
fsr-3397	207	3	simulation	simulation	NOUN
fsr-3397	207	4	parameters	parameter	NOUN
fsr-3397	207	5	,	,	PUNCT
fsr-3397	207	6	a	a	DET
fsr-3397	207	7	pure	pure	ADJ
fsr-3397	207	8	buy	buy	NOUN
fsr-3397	207	9	-	-	PUNCT
fsr-3397	207	10	and	and	CCONJ
fsr-3397	207	11	-	-	PUNCT
fsr-3397	207	12	hold	hold	VERB
fsr-3397	207	13	portfolio	portfolio	NOUN
fsr-3397	207	14	has	have	VERB
fsr-3397	207	15	a	a	DET
fsr-3397	207	16	20	20	NUM
fsr-3397	207	17	%	%	NOUN
fsr-3397	207	18	chance	chance	NOUN
fsr-3397	207	19	of	of	ADP
fsr-3397	207	20	losing	lose	VERB
fsr-3397	207	21	money	money	NOUN
fsr-3397	207	22	over	over	ADP
fsr-3397	207	23	10	10	NUM
fsr-3397	207	24	years	year	NOUN
fsr-3397	207	25	.	.	PUNCT
fsr-3397	208	1	as	as	SCONJ
fsr-3397	208	2	expected	expect	VERB
fsr-3397	208	3	,	,	PUNCT
fsr-3397	208	4	the	the	DET
fsr-3397	208	5	risk	risk	NOUN
fsr-3397	208	6	of	of	ADP
fsr-3397	208	7	loss	loss	NOUN
fsr-3397	208	8	declines	decline	NOUN
fsr-3397	208	9	when	when	SCONJ
fsr-3397	208	10	investing	invest	VERB
fsr-3397	208	11	over	over	ADP
fsr-3397	208	12	longer	long	ADJ
fsr-3397	208	13	periods	period	NOUN
fsr-3397	208	14	;	;	PUNCT
fsr-3397	208	15	however	however	ADV
fsr-3397	208	16	,	,	PUNCT
fsr-3397	208	17	it	it	PRON
fsr-3397	208	18	remains	remain	VERB
fsr-3397	208	19	as	as	ADV
fsr-3397	208	20	high	high	ADJ
fsr-3397	208	21	as	as	ADP
fsr-3397	208	22	10	10	NUM
fsr-3397	208	23	%	%	NOUN
fsr-3397	208	24	even	even	ADV
fsr-3397	208	25	after	after	ADP
fsr-3397	208	26	50	50	NUM
fsr-3397	208	27	years	year	NOUN
fsr-3397	208	28	.	.	PUNCT
fsr-3397	209	1	this	this	PRON
fsr-3397	209	2	is	be	AUX
fsr-3397	209	3	understandable	understandable	ADJ
fsr-3397	209	4	because	because	SCONJ
fsr-3397	209	5	,	,	PUNCT
fsr-3397	209	6	as	as	SCONJ
fsr-3397	209	7	explained	explain	VERB
fsr-3397	209	8	previously	previously	ADV
fsr-3397	209	9	,	,	PUNCT
fsr-3397	209	10	the	the	DET
fsr-3397	209	11	portfolio	portfolio	NOUN
fsr-3397	209	12	becomes	become	VERB
fsr-3397	209	13	quite	quite	ADV
fsr-3397	209	14	concentrated	concentrated	ADJ
fsr-3397	209	15	if	if	SCONJ
fsr-3397	209	16	it	it	PRON
fsr-3397	209	17	is	be	AUX
fsr-3397	209	18	never	never	ADV
fsr-3397	209	19	rebalanced	rebalance	VERB
fsr-3397	209	20	.	.	PUNCT
fsr-3397	210	1	as	as	SCONJ
fsr-3397	210	2	shown	show	VERB
fsr-3397	210	3	in	in	ADP
fsr-3397	210	4	panel	panel	NOUN
fsr-3397	210	5	b	b	PROPN
fsr-3397	210	6	,	,	PUNCT
fsr-3397	210	7	shortfall	shortfall	NOUN
fsr-3397	210	8	risk	risk	NOUN
fsr-3397	210	9	is	be	AUX
fsr-3397	210	10	slightly	slightly	ADV
fsr-3397	210	11	reduced	reduce	VERB
fsr-3397	210	12	when	when	SCONJ
fsr-3397	210	13	the	the	DET
fsr-3397	210	14	investor	investor	NOUN
fsr-3397	210	15	merely	merely	ADV
fsr-3397	210	16	realizes	realize	VERB
fsr-3397	210	17	capital	capital	NOUN
fsr-3397	210	18	losses	loss	NOUN
fsr-3397	210	19	,	,	PUNCT
fsr-3397	210	20	partly	partly	ADV
fsr-3397	210	21	because	because	SCONJ
fsr-3397	210	22	of	of	ADP
fsr-3397	210	23	the	the	DET
fsr-3397	210	24	limited	limited	ADJ
fsr-3397	210	25	rebalancing	rebalancing	NOUN
fsr-3397	210	26	that	that	PRON
fsr-3397	210	27	occurs	occur	VERB
fsr-3397	210	28	and	and	CCONJ
fsr-3397	210	29	partly	partly	ADV
fsr-3397	210	30	because	because	SCONJ
fsr-3397	210	31	of	of	ADP
fsr-3397	210	32	the	the	DET
fsr-3397	210	33	tax	tax	NOUN
fsr-3397	210	34	savings	saving	NOUN
fsr-3397	210	35	that	that	PRON
fsr-3397	210	36	somewhat	somewhat	ADV
fsr-3397	210	37	mitigate	mitigate	VERB
fsr-3397	210	38	the	the	DET
fsr-3397	210	39	losses	loss	NOUN
fsr-3397	210	40	.	.	PUNCT
fsr-3397	211	1	however	however	ADV
fsr-3397	211	2	,	,	PUNCT
fsr-3397	211	3	greater	great	ADJ
fsr-3397	211	4	reductions	reduction	NOUN
fsr-3397	211	5	in	in	ADP
fsr-3397	211	6	shortfall	shortfall	NOUN
fsr-3397	211	7	risk	risk	NOUN
fsr-3397	211	8	are	be	AUX
fsr-3397	211	9	achievable	achievable	ADJ
fsr-3397	211	10	by	by	ADP
fsr-3397	211	11	harvesting	harvest	VERB
fsr-3397	211	12	some	some	DET
fsr-3397	211	13	gains	gain	NOUN
fsr-3397	211	14	and/or	and/or	CCONJ
fsr-3397	211	15	using	use	VERB
fsr-3397	211	16	stock	stock	NOUN
fsr-3397	211	17	for	for	ADP
fsr-3397	211	18	planned	plan	VERB
fsr-3397	211	19	charitable	charitable	ADJ
fsr-3397	211	20	contributions	contribution	NOUN
fsr-3397	211	21	.	.	PUNCT
fsr-3397	212	1	both	both	PRON
fsr-3397	212	2	help	help	VERB
fsr-3397	212	3	to	to	PART
fsr-3397	212	4	rebalance	rebalance	VERB
fsr-3397	212	5	the	the	DET
fsr-3397	212	6	portfolio	portfolio	NOUN
fsr-3397	212	7	significantly	significantly	ADV
fsr-3397	212	8	,	,	PUNCT
fsr-3397	212	9	and	and	CCONJ
fsr-3397	212	10	donating	donate	VERB
fsr-3397	212	11	appreciated	appreciated	ADJ
fsr-3397	212	12	stock	stock	NOUN
fsr-3397	212	13	erases	erase	VERB
fsr-3397	212	14	some	some	PRON
fsr-3397	212	15	of	of	ADP
fsr-3397	212	16	the	the	DET
fsr-3397	212	17	portfolio	portfolio	NOUN
fsr-3397	212	18	’s	’s	PART
fsr-3397	212	19	accrued	accrue	VERB
fsr-3397	212	20	capital	capital	NOUN
fsr-3397	212	21	gains	gain	NOUN
fsr-3397	212	22	tax	tax	NOUN
fsr-3397	212	23	liability	liability	NOUN
fsr-3397	212	24	.	.	PUNCT
fsr-3397	213	1	using	use	VERB
fsr-3397	213	2	all	all	PRON
fsr-3397	213	3	of	of	ADP
fsr-3397	213	4	these	these	DET
fsr-3397	213	5	strategies	strategy	NOUN
fsr-3397	213	6	reduces	reduce	VERB
fsr-3397	213	7	shortfall	shortfall	NOUN
fsr-3397	213	8	risk	risk	NOUN
fsr-3397	213	9	,	,	PUNCT
fsr-3397	213	10	but	but	CCONJ
fsr-3397	213	11	the	the	DET
fsr-3397	213	12	extent	extent	NOUN
fsr-3397	213	13	of	of	ADP
fsr-3397	213	14	the	the	DET
fsr-3397	213	15	reduction	reduction	NOUN
fsr-3397	213	16	depends	depend	VERB
fsr-3397	213	17	on	on	ADP
fsr-3397	213	18	the	the	DET
fsr-3397	213	19	investment	investment	NOUN
fsr-3397	213	20	time	time	NOUN
fsr-3397	213	21	frame	frame	NOUN
fsr-3397	213	22	.	.	PUNCT
fsr-3397	214	1	over	over	ADP
fsr-3397	214	2	relatively	relatively	ADV
fsr-3397	214	3	short	short	ADJ
fsr-3397	214	4	periods	period	NOUN
fsr-3397	214	5	(	(	PUNCT
fsr-3397	214	6	i.e.	i.e.	X
fsr-3397	214	7	,	,	PUNCT
fsr-3397	214	8	10	10	NUM
fsr-3397	214	9	years	year	NOUN
fsr-3397	214	10	)	)	PUNCT
fsr-3397	214	11	,	,	PUNCT
fsr-3397	214	12	most	most	ADJ
fsr-3397	214	13	of	of	ADP
fsr-3397	214	14	the	the	DET
fsr-3397	214	15	shortfall	shortfall	NOUN
fsr-3397	214	16	269j	269j	PROPN
fsr-3397	214	17	.	.	PUNCT
fsr-3397	215	1	whitworth	whitworth	PROPN
fsr-3397	215	2	/	/	SYM
fsr-3397	215	3	financial	financial	ADJ
fsr-3397	215	4	services	service	NOUN
fsr-3397	215	5	review	review	VERB
fsr-3397	215	6	27	27	NUM
fsr-3397	215	7	(	(	PUNCT
fsr-3397	215	8	2018	2018	NUM
fsr-3397	215	9	)	)	PUNCT
fsr-3397	215	10	257	257	NUM
fsr-3397	215	11	-	-	SYM
fsr-3397	215	12	277	277	NUM
fsr-3397	215	13	risk	risk	NOUN
fsr-3397	215	14	of	of	ADP
fsr-3397	215	15	a	a	DET
fsr-3397	215	16	buy	buy	VERB
fsr-3397	215	17	-	-	PUNCT
fsr-3397	215	18	and	and	CCONJ
fsr-3397	215	19	-	-	PUNCT
fsr-3397	215	20	hold	hold	VERB
fsr-3397	215	21	strategy	strategy	NOUN
fsr-3397	215	22	is	be	AUX
fsr-3397	215	23	attributable	attributable	ADJ
fsr-3397	215	24	simply	simply	ADV
fsr-3397	215	25	to	to	ADP
fsr-3397	215	26	the	the	DET
fsr-3397	215	27	risk	risk	NOUN
fsr-3397	216	1	that	that	SCONJ
fsr-3397	216	2	the	the	DET
fsr-3397	216	3	market	market	NOUN
fsr-3397	216	4	(	(	PUNCT
fsr-3397	216	5	and	and	CCONJ
fsr-3397	216	6	by	by	ADP
fsr-3397	216	7	extension	extension	NOUN
fsr-3397	216	8	,	,	PUNCT
fsr-3397	216	9	most	most	ADJ
fsr-3397	216	10	stocks	stock	NOUN
fsr-3397	216	11	in	in	ADP
fsr-3397	216	12	the	the	DET
fsr-3397	216	13	portfolio	portfolio	NOUN
fsr-3397	216	14	)	)	PUNCT
fsr-3397	216	15	will	will	AUX
fsr-3397	216	16	perform	perform	VERB
fsr-3397	216	17	poorly	poorly	ADV
fsr-3397	216	18	;	;	PUNCT
fsr-3397	216	19	it	it	PRON
fsr-3397	216	20	is	be	AUX
fsr-3397	216	21	not	not	PART
fsr-3397	216	22	due	due	ADJ
fsr-3397	216	23	to	to	ADP
fsr-3397	216	24	excessive	excessive	ADJ
fsr-3397	216	25	unsystematic	unsystematic	ADJ
fsr-3397	216	26	risk	risk	NOUN
fsr-3397	216	27	because	because	SCONJ
fsr-3397	216	28	the	the	DET
fsr-3397	216	29	portfolio	portfolio	NOUN
fsr-3397	216	30	is	be	AUX
fsr-3397	216	31	still	still	ADV
fsr-3397	216	32	fairly	fairly	ADV
fsr-3397	216	33	diversified	diversified	ADJ
fsr-3397	216	34	.	.	PUNCT
fsr-3397	217	1	therefore	therefore	ADV
fsr-3397	217	2	,	,	PUNCT
fsr-3397	217	3	the	the	DET
fsr-3397	217	4	stock	stock	NOUN
fsr-3397	217	5	donation	donation	NOUN
fsr-3397	217	6	strategy	strategy	NOUN
fsr-3397	217	7	and	and	CCONJ
fsr-3397	217	8	the	the	DET
fsr-3397	217	9	gain	gain	NOUN
fsr-3397	217	10	recognition	recognition	NOUN
fsr-3397	217	11	strategy	strategy	NOUN
fsr-3397	217	12	reduce	reduce	VERB
fsr-3397	217	13	shortfall	shortfall	NOUN
fsr-3397	217	14	risk	risk	NOUN
fsr-3397	217	15	only	only	ADV
fsr-3397	217	16	slightly	slightly	ADV
fsr-3397	217	17	(	(	PUNCT
fsr-3397	217	18	from	from	ADP
fsr-3397	217	19	20	20	NUM
fsr-3397	217	20	%	%	NOUN
fsr-3397	217	21	to	to	PART
fsr-3397	217	22	17	17	NUM
fsr-3397	217	23	%	%	NOUN
fsr-3397	217	24	)	)	PUNCT
fsr-3397	217	25	.	.	PUNCT
fsr-3397	218	1	over	over	ADP
fsr-3397	218	2	longer	long	ADJ
fsr-3397	218	3	periods	period	NOUN
fsr-3397	218	4	of	of	ADP
fsr-3397	218	5	30–50	30–50	NUM
fsr-3397	218	6	years	year	NOUN
fsr-3397	218	7	,	,	PUNCT
fsr-3397	218	8	however	however	ADV
fsr-3397	218	9	,	,	PUNCT
fsr-3397	218	10	overall	overall	ADJ
fsr-3397	218	11	market	market	NOUN
fsr-3397	218	12	returns	return	NOUN
fsr-3397	218	13	are	be	AUX
fsr-3397	218	14	unlikely	unlikely	ADJ
fsr-3397	218	15	to	to	PART
fsr-3397	218	16	be	be	AUX
fsr-3397	218	17	negative	negative	ADJ
fsr-3397	218	18	,	,	PUNCT
fsr-3397	218	19	but	but	CCONJ
fsr-3397	218	20	a	a	DET
fsr-3397	218	21	portfolio	portfolio	NOUN
fsr-3397	218	22	left	leave	VERB
fsr-3397	218	23	to	to	ADP
fsr-3397	218	24	itself	itself	PRON
fsr-3397	218	25	very	very	ADV
fsr-3397	218	26	well	well	ADV
fsr-3397	218	27	could	could	AUX
fsr-3397	218	28	become	become	VERB
fsr-3397	218	29	so	so	ADV
fsr-3397	218	30	concentrated	concentrated	ADJ
fsr-3397	218	31	in	in	ADP
fsr-3397	218	32	a	a	DET
fsr-3397	218	33	few	few	ADJ
fsr-3397	218	34	stocks	stock	NOUN
fsr-3397	218	35	as	as	SCONJ
fsr-3397	218	36	to	to	PART
fsr-3397	218	37	leave	leave	VERB
fsr-3397	218	38	the	the	DET
fsr-3397	218	39	entire	entire	ADJ
fsr-3397	218	40	portfolio	portfolio	NOUN
fsr-3397	218	41	vulnerable	vulnerable	ADJ
fsr-3397	218	42	to	to	ADP
fsr-3397	218	43	an	an	DET
fsr-3397	218	44	adverse	adverse	ADJ
fsr-3397	218	45	event	event	NOUN
fsr-3397	218	46	at	at	ADP
fsr-3397	218	47	one	one	NUM
fsr-3397	218	48	of	of	ADP
fsr-3397	218	49	those	those	DET
fsr-3397	218	50	companies	company	NOUN
fsr-3397	218	51	.	.	PUNCT
fsr-3397	219	1	this	this	PRON
fsr-3397	219	2	is	be	AUX
fsr-3397	219	3	where	where	SCONJ
fsr-3397	219	4	the	the	DET
fsr-3397	219	5	charitable	charitable	ADJ
fsr-3397	219	6	donation	donation	NOUN
fsr-3397	219	7	and	and	CCONJ
fsr-3397	219	8	gain	gain	VERB
fsr-3397	219	9	harvesting	harvesting	NOUN
fsr-3397	219	10	strategies	strategy	NOUN
fsr-3397	219	11	become	become	VERB
fsr-3397	219	12	very	very	ADV
fsr-3397	219	13	helpful	helpful	ADJ
fsr-3397	219	14	by	by	ADP
fsr-3397	219	15	limiting	limit	VERB
fsr-3397	219	16	the	the	DET
fsr-3397	219	17	buildup	buildup	NOUN
fsr-3397	219	18	of	of	ADP
fsr-3397	219	19	idiosyncratic	idiosyncratic	ADJ
fsr-3397	219	20	risk	risk	NOUN
fsr-3397	219	21	in	in	ADP
fsr-3397	219	22	the	the	DET
fsr-3397	219	23	portfolio	portfolio	NOUN
fsr-3397	219	24	.	.	PUNCT
fsr-3397	220	1	as	as	SCONJ
fsr-3397	220	2	shown	show	VERB
fsr-3397	220	3	in	in	ADP
fsr-3397	220	4	table	table	NOUN
fsr-3397	220	5	5	5	NUM
fsr-3397	220	6	,	,	PUNCT
fsr-3397	220	7	the	the	DET
fsr-3397	220	8	risk	risk	NOUN
fsr-3397	220	9	of	of	ADP
fsr-3397	220	10	losing	lose	VERB
fsr-3397	220	11	money	money	NOUN
fsr-3397	220	12	over	over	ADP
fsr-3397	220	13	30	30	NUM
fsr-3397	220	14	years	year	NOUN
fsr-3397	220	15	declines	decline	NOUN
fsr-3397	220	16	from	from	ADP
fsr-3397	220	17	12	12	NUM
fsr-3397	220	18	%	%	NOUN
fsr-3397	220	19	for	for	ADP
fsr-3397	220	20	a	a	DET
fsr-3397	220	21	buy	buy	VERB
fsr-3397	220	22	-	-	PUNCT
fsr-3397	220	23	and	and	CCONJ
fsr-3397	220	24	-	-	PUNCT
fsr-3397	220	25	hold	hold	VERB
fsr-3397	220	26	portfolio	portfolio	NOUN
fsr-3397	220	27	to	to	ADP
fsr-3397	220	28	5	5	NUM
fsr-3397	220	29	%	%	NOUN
fsr-3397	220	30	for	for	ADP
fsr-3397	220	31	an	an	DET
fsr-3397	220	32	investor	investor	NOUN
fsr-3397	220	33	who	who	PRON
fsr-3397	220	34	uses	use	VERB
fsr-3397	220	35	all	all	PRON
fsr-3397	220	36	of	of	ADP
fsr-3397	220	37	the	the	DET
fsr-3397	220	38	tax	tax	NOUN
fsr-3397	220	39	-	-	PUNCT
fsr-3397	220	40	efficient	efficient	ADJ
fsr-3397	220	41	strategies	strategy	NOUN
fsr-3397	220	42	presented	present	VERB
fsr-3397	220	43	.	.	PUNCT
fsr-3397	221	1	over	over	ADP
fsr-3397	221	2	50	50	NUM
fsr-3397	221	3	years	year	NOUN
fsr-3397	221	4	,	,	PUNCT
fsr-3397	221	5	the	the	DET
fsr-3397	221	6	benefits	benefit	NOUN
fsr-3397	221	7	are	be	AUX
fsr-3397	221	8	even	even	ADV
fsr-3397	221	9	more	more	ADV
fsr-3397	221	10	striking	striking	ADJ
fsr-3397	221	11	,	,	PUNCT
fsr-3397	221	12	as	as	SCONJ
fsr-3397	221	13	the	the	DET
fsr-3397	221	14	risk	risk	NOUN
fsr-3397	221	15	of	of	ADP
fsr-3397	221	16	loss	loss	NOUN
fsr-3397	221	17	can	can	AUX
fsr-3397	221	18	be	be	AUX
fsr-3397	221	19	reduced	reduce	VERB
fsr-3397	221	20	from	from	ADP
fsr-3397	221	21	10	10	NUM
fsr-3397	221	22	%	%	NOUN
fsr-3397	221	23	to	to	ADP
fsr-3397	221	24	only	only	ADV
fsr-3397	221	25	1	1	NUM
fsr-3397	221	26	%	%	NOUN
fsr-3397	221	27	.	.	PUNCT
fsr-3397	222	1	comparing	compare	VERB
fsr-3397	222	2	panels	panel	NOUN
fsr-3397	222	3	b	b	PROPN
fsr-3397	222	4	and	and	CCONJ
fsr-3397	222	5	c	c	PROPN
fsr-3397	222	6	versus	versus	ADP
fsr-3397	222	7	panel	panel	PROPN
fsr-3397	222	8	a	a	X
fsr-3397	222	9	,	,	PUNCT
fsr-3397	222	10	we	we	PRON
fsr-3397	222	11	see	see	VERB
fsr-3397	222	12	that	that	SCONJ
fsr-3397	222	13	a	a	DET
fsr-3397	222	14	non	non	ADJ
fsr-3397	222	15	-	-	ADJ
fsr-3397	222	16	donor	donor	ADJ
fsr-3397	222	17	can	can	AUX
fsr-3397	222	18	reduce	reduce	VERB
fsr-3397	222	19	shortfall	shortfall	NOUN
fsr-3397	222	20	risk	risk	NOUN
fsr-3397	222	21	somewhat	somewhat	ADV
fsr-3397	222	22	by	by	ADP
fsr-3397	222	23	realizing	realize	VERB
fsr-3397	222	24	losses	loss	NOUN
fsr-3397	222	25	,	,	PUNCT
fsr-3397	222	26	and	and	CCONJ
fsr-3397	222	27	even	even	ADV
fsr-3397	222	28	more	more	ADV
fsr-3397	222	29	so	so	ADV
fsr-3397	222	30	by	by	ADP
fsr-3397	222	31	also	also	ADV
fsr-3397	222	32	realizing	realize	VERB
fsr-3397	222	33	offsetting	offset	VERB
fsr-3397	222	34	gains	gain	NOUN
fsr-3397	222	35	.	.	PUNCT
fsr-3397	223	1	however	however	ADV
fsr-3397	223	2	,	,	PUNCT
fsr-3397	223	3	someone	someone	PRON
fsr-3397	223	4	who	who	PRON
fsr-3397	223	5	donates	donate	VERB
fsr-3397	223	6	appreciated	appreciated	ADJ
fsr-3397	223	7	stock	stock	NOUN
fsr-3397	223	8	is	be	AUX
fsr-3397	223	9	already	already	ADV
fsr-3397	223	10	very	very	ADV
fsr-3397	223	11	close	close	ADJ
fsr-3397	223	12	to	to	ADP
fsr-3397	223	13	the	the	DET
fsr-3397	223	14	minimum	minimum	ADJ
fsr-3397	223	15	achievable	achievable	ADJ
fsr-3397	223	16	shortfall	shortfall	NOUN
fsr-3397	223	17	risk	risk	NOUN
fsr-3397	223	18	for	for	ADP
fsr-3397	223	19	the	the	DET
fsr-3397	223	20	given	give	VERB
fsr-3397	223	21	time	time	NOUN
fsr-3397	223	22	horizon	horizon	NOUN
fsr-3397	223	23	;	;	PUNCT
fsr-3397	223	24	that	that	PRON
fsr-3397	223	25	is	is	ADV
fsr-3397	223	26	,	,	PUNCT
fsr-3397	223	27	a	a	DET
fsr-3397	223	28	stock	stock	NOUN
fsr-3397	223	29	donor	donor	NOUN
fsr-3397	223	30	could	could	AUX
fsr-3397	223	31	not	not	PART
fsr-3397	223	32	substantially	substantially	ADV
fsr-3397	223	33	reduce	reduce	VERB
fsr-3397	223	34	this	this	DET
fsr-3397	223	35	probability	probability	NOUN
fsr-3397	223	36	any	any	PRON
fsr-3397	223	37	further	far	ADV
fsr-3397	223	38	through	through	ADP
fsr-3397	223	39	harvesting	harvesting	NOUN
fsr-3397	223	40	losses	loss	NOUN
fsr-3397	223	41	and/or	and/or	CCONJ
fsr-3397	223	42	gains	gain	NOUN
fsr-3397	223	43	.	.	PUNCT
fsr-3397	224	1	as	as	SCONJ
fsr-3397	224	2	pointed	point	VERB
fsr-3397	224	3	out	out	ADP
fsr-3397	224	4	earlier	early	ADV
fsr-3397	224	5	in	in	ADP
fsr-3397	224	6	this	this	DET
fsr-3397	224	7	paper	paper	NOUN
fsr-3397	224	8	,	,	PUNCT
fsr-3397	224	9	an	an	DET
fsr-3397	224	10	investor	investor	NOUN
fsr-3397	224	11	does	do	AUX
fsr-3397	224	12	not	not	PART
fsr-3397	224	13	have	have	VERB
fsr-3397	224	14	to	to	PART
fsr-3397	224	15	be	be	AUX
fsr-3397	224	16	a	a	DET
fsr-3397	224	17	large	large	ADJ
fsr-3397	224	18	charitable	charitable	ADJ
fsr-3397	224	19	donor	donor	NOUN
fsr-3397	224	20	to	to	PART
fsr-3397	224	21	benefit	benefit	VERB
fsr-3397	224	22	from	from	ADP
fsr-3397	224	23	using	use	VERB
fsr-3397	224	24	appreciated	appreciated	ADJ
fsr-3397	224	25	stock	stock	NOUN
fsr-3397	224	26	for	for	ADP
fsr-3397	224	27	whatever	whatever	DET
fsr-3397	224	28	donations	donation	NOUN
fsr-3397	224	29	he	he	PRON
fsr-3397	224	30	or	or	CCONJ
fsr-3397	224	31	she	she	PRON
fsr-3397	224	32	does	do	AUX
fsr-3397	224	33	make	make	VERB
fsr-3397	224	34	,	,	PUNCT
fsr-3397	224	35	and	and	CCONJ
fsr-3397	224	36	this	this	PRON
fsr-3397	224	37	is	be	AUX
fsr-3397	224	38	especially	especially	ADV
fsr-3397	224	39	true	true	ADJ
fsr-3397	224	40	when	when	SCONJ
fsr-3397	224	41	it	it	PRON
fsr-3397	224	42	comes	come	VERB
fsr-3397	224	43	to	to	ADP
fsr-3397	224	44	reducing	reduce	VERB
fsr-3397	224	45	shortfall	shortfall	NOUN
fsr-3397	224	46	risk	risk	NOUN
fsr-3397	224	47	.	.	PUNCT
fsr-3397	225	1	a	a	DET
fsr-3397	225	2	comparison	comparison	NOUN
fsr-3397	225	3	across	across	ADP
fsr-3397	225	4	columns	column	NOUN
fsr-3397	225	5	of	of	ADP
fsr-3397	225	6	table	table	NOUN
fsr-3397	225	7	5	5	NUM
fsr-3397	225	8	shows	show	VERB
fsr-3397	225	9	that	that	SCONJ
fsr-3397	225	10	a	a	DET
fsr-3397	225	11	5	5	NUM
fsr-3397	225	12	%	%	NOUN
fsr-3397	225	13	donor	donor	NOUN
fsr-3397	225	14	enjoys	enjoy	VERB
fsr-3397	225	15	almost	almost	ADV
fsr-3397	225	16	the	the	DET
fsr-3397	225	17	same	same	ADJ
fsr-3397	225	18	shortfall	shortfall	NOUN
fsr-3397	225	19	risk	risk	NOUN
fsr-3397	225	20	reduction	reduction	NOUN
fsr-3397	225	21	that	that	PRON
fsr-3397	225	22	a	a	DET
fsr-3397	225	23	10	10	NUM
fsr-3397	225	24	%	%	NOUN
fsr-3397	225	25	donor	donor	NOUN
fsr-3397	225	26	would	would	AUX
fsr-3397	225	27	.	.	PUNCT
fsr-3397	226	1	table	table	NOUN
fsr-3397	226	2	6	6	NUM
fsr-3397	226	3	provides	provide	VERB
fsr-3397	226	4	more	more	ADV
fsr-3397	226	5	specific	specific	ADJ
fsr-3397	226	6	information	information	NOUN
fsr-3397	226	7	on	on	ADP
fsr-3397	226	8	what	what	PRON
fsr-3397	226	9	losses	losse	VERB
fsr-3397	226	10	a	a	DET
fsr-3397	226	11	particularly	particularly	ADV
fsr-3397	226	12	unlucky	unlucky	ADJ
fsr-3397	226	13	investor	investor	NOUN
fsr-3397	226	14	might	might	AUX
fsr-3397	226	15	experience	experience	VERB
fsr-3397	226	16	,	,	PUNCT
fsr-3397	226	17	whether	whether	SCONJ
fsr-3397	226	18	due	due	ADJ
fsr-3397	226	19	to	to	ADP
fsr-3397	226	20	exceptionally	exceptionally	ADV
fsr-3397	226	21	poor	poor	ADJ
fsr-3397	226	22	market	market	NOUN
fsr-3397	226	23	performance	performance	NOUN
fsr-3397	226	24	or	or	CCONJ
fsr-3397	226	25	to	to	PART
fsr-3397	226	26	table	table	VERB
fsr-3397	226	27	5	5	NUM
fsr-3397	226	28	zero	zero	NUM
fsr-3397	226	29	-	-	PUNCT
fsr-3397	226	30	return	return	NOUN
fsr-3397	226	31	shortfall	shortfall	NOUN
fsr-3397	226	32	risk	risk	NOUN
fsr-3397	226	33	from	from	ADP
fsr-3397	226	34	alternative	alternative	ADJ
fsr-3397	226	35	investment	investment	NOUN
fsr-3397	226	36	strategies	strategy	NOUN
fsr-3397	226	37	years	year	NOUN
fsr-3397	226	38	invested	invest	VERB
fsr-3397	226	39	percentage	percentage	NOUN
fsr-3397	226	40	of	of	ADP
fsr-3397	226	41	income	income	NOUN
fsr-3397	226	42	donated	donate	VERB
fsr-3397	226	43	via	via	ADP
fsr-3397	226	44	appreciated	appreciated	ADJ
fsr-3397	226	45	stock	stock	NOUN
fsr-3397	226	46	0	0	NUM
fsr-3397	226	47	%	%	NOUN
fsr-3397	226	48	5	5	NUM
fsr-3397	226	49	%	%	NOUN
fsr-3397	226	50	10	10	NUM
fsr-3397	226	51	%	%	NOUN
fsr-3397	226	52	panel	panel	NOUN
fsr-3397	226	53	a	a	PRON
fsr-3397	226	54	:	:	PUNCT
fsr-3397	226	55	realize	realize	VERB
fsr-3397	226	56	no	no	DET
fsr-3397	226	57	losses	loss	NOUN
fsr-3397	226	58	or	or	CCONJ
fsr-3397	226	59	gains	gain	NOUN
fsr-3397	226	60	(	(	PUNCT
fsr-3397	226	61	buy	buy	VERB
fsr-3397	226	62	and	and	CCONJ
fsr-3397	226	63	hold	hold	VERB
fsr-3397	226	64	)	)	PUNCT
fsr-3397	226	65	10	10	NUM
fsr-3397	226	66	0.20	0.20	NUM
fsr-3397	226	67	0.18	0.18	NUM
fsr-3397	226	68	0.17	0.17	NUM
fsr-3397	226	69	20	20	NUM
fsr-3397	226	70	0.14	0.14	NUM
fsr-3397	226	71	0.11	0.11	NUM
fsr-3397	226	72	0.09	0.09	NUM
fsr-3397	226	73	30	30	NUM
fsr-3397	226	74	0.12	0.12	NUM
fsr-3397	226	75	0.06	0.06	NUM
fsr-3397	226	76	0.05	0.05	NUM
fsr-3397	226	77	40	40	NUM
fsr-3397	226	78	0.11	0.11	NUM
fsr-3397	226	79	0.04	0.04	NUM
fsr-3397	226	80	0.03	0.03	NUM
fsr-3397	226	81	50	50	NUM
fsr-3397	226	82	0.10	0.10	NUM
fsr-3397	226	83	0.02	0.02	NUM
fsr-3397	226	84	0.01	0.01	NUM
fsr-3397	226	85	panel	panel	NOUN
fsr-3397	226	86	b	b	NOUN
fsr-3397	226	87	:	:	PUNCT
fsr-3397	226	88	realize	realize	VERB
fsr-3397	226	89	all	all	DET
fsr-3397	226	90	losses	loss	NOUN
fsr-3397	226	91	each	each	DET
fsr-3397	226	92	year	year	NOUN
fsr-3397	226	93	10	10	NUM
fsr-3397	226	94	0.19	0.19	NUM
fsr-3397	226	95	0.18	0.18	NUM
fsr-3397	226	96	0.17	0.17	NUM
fsr-3397	226	97	20	20	NUM
fsr-3397	226	98	0.13	0.13	NUM
fsr-3397	226	99	0.10	0.10	NUM
fsr-3397	226	100	0.08	0.08	NUM
fsr-3397	226	101	30	30	NUM
fsr-3397	226	102	0.10	0.10	NUM
fsr-3397	226	103	0.06	0.06	NUM
fsr-3397	226	104	0.04	0.04	NUM
fsr-3397	226	105	40	40	NUM
fsr-3397	226	106	0.08	0.08	NUM
fsr-3397	226	107	0.03	0.03	NUM
fsr-3397	226	108	0.02	0.02	NUM
fsr-3397	226	109	50	50	NUM
fsr-3397	226	110	0.07	0.07	NUM
fsr-3397	226	111	0.02	0.02	NUM
fsr-3397	226	112	0.01	0.01	NUM
fsr-3397	226	113	panel	panel	NOUN
fsr-3397	226	114	c	c	AUX
fsr-3397	226	115	:	:	PUNCT
fsr-3397	226	116	realize	realize	VERB
fsr-3397	226	117	all	all	DET
fsr-3397	226	118	losses	loss	NOUN
fsr-3397	226	119	and	and	CCONJ
fsr-3397	226	120	offsetting	offset	VERB
fsr-3397	226	121	gains	gain	NOUN
fsr-3397	226	122	10	10	NUM
fsr-3397	226	123	0.18	0.18	NUM
fsr-3397	226	124	0.17	0.17	NUM
fsr-3397	226	125	0.17	0.17	NUM
fsr-3397	226	126	20	20	NUM
fsr-3397	226	127	0.11	0.11	NUM
fsr-3397	226	128	0.10	0.10	NUM
fsr-3397	226	129	0.09	0.09	NUM
fsr-3397	226	130	30	30	NUM
fsr-3397	226	131	0.07	0.07	NUM
fsr-3397	226	132	0.05	0.05	NUM
fsr-3397	226	133	0.05	0.05	NUM
fsr-3397	226	134	40	40	NUM
fsr-3397	226	135	0.04	0.04	NUM
fsr-3397	226	136	0.03	0.03	NUM
fsr-3397	226	137	0.03	0.03	NUM
fsr-3397	226	138	50	50	NUM
fsr-3397	226	139	0.03	0.03	NUM
fsr-3397	226	140	0.02	0.02	NUM
fsr-3397	226	141	0.01	0.01	NUM
fsr-3397	226	142	270	270	NUM
fsr-3397	226	143	j.	j.	PROPN
fsr-3397	226	144	whitworth	whitworth	PROPN
fsr-3397	226	145	/	/	SYM
fsr-3397	226	146	financial	financial	ADJ
fsr-3397	226	147	services	service	NOUN
fsr-3397	226	148	review	review	VERB
fsr-3397	226	149	27	27	NUM
fsr-3397	226	150	(	(	PUNCT
fsr-3397	226	151	2018	2018	NUM
fsr-3397	226	152	)	)	PUNCT
fsr-3397	226	153	257	257	NUM
fsr-3397	226	154	-	-	SYM
fsr-3397	226	155	277	277	NUM
fsr-3397	226	156	large	large	ADJ
fsr-3397	226	157	losses	loss	NOUN
fsr-3397	226	158	by	by	ADP
fsr-3397	226	159	the	the	DET
fsr-3397	226	160	portfolio	portfolio	NOUN
fsr-3397	226	161	’s	’s	PART
fsr-3397	226	162	most	most	ADV
fsr-3397	226	163	heavily	heavily	ADV
fsr-3397	226	164	weighted	weight	VERB
fsr-3397	226	165	stocks	stock	NOUN
fsr-3397	226	166	.	.	PUNCT
fsr-3397	227	1	for	for	ADP
fsr-3397	227	2	each	each	DET
fsr-3397	227	3	strategy	strategy	NOUN
fsr-3397	227	4	,	,	PUNCT
fsr-3397	227	5	the	the	DET
fsr-3397	227	6	table	table	NOUN
fsr-3397	227	7	reports	report	VERB
fsr-3397	227	8	after	after	ADP
fsr-3397	227	9	-	-	PUNCT
fsr-3397	227	10	tax	tax	NOUN
fsr-3397	227	11	terminal	terminal	ADJ
fsr-3397	227	12	wealth	wealth	NOUN
fsr-3397	227	13	relative	relative	ADJ
fsr-3397	227	14	to	to	ADP
fsr-3397	227	15	the	the	DET
fsr-3397	227	16	original	original	ADJ
fsr-3397	227	17	$	$	SYM
fsr-3397	227	18	250,000	250,000	NUM
fsr-3397	227	19	investment	investment	NOUN
fsr-3397	227	20	given	give	VERB
fsr-3397	227	21	a	a	DET
fsr-3397	227	22	fifthor	fifthor	NOUN
fsr-3397	227	23	first	first	ADJ
fsr-3397	227	24	-	-	PUNCT
fsr-3397	227	25	percentile	percentile	ADJ
fsr-3397	227	26	scenario.8	scenario.8	PROPN
fsr-3397	227	27	as	as	SCONJ
fsr-3397	227	28	seen	see	VERB
fsr-3397	227	29	in	in	ADP
fsr-3397	227	30	panel	panel	NOUN
fsr-3397	227	31	a	a	PRON
fsr-3397	227	32	,	,	PUNCT
fsr-3397	227	33	an	an	DET
fsr-3397	227	34	unlucky	unlucky	ADJ
fsr-3397	227	35	buy	buy	VERB
fsr-3397	227	36	-	-	PUNCT
fsr-3397	227	37	and	and	CCONJ
fsr-3397	227	38	-	-	PUNCT
fsr-3397	227	39	hold	hold	VERB
fsr-3397	227	40	investor	investor	NOUN
fsr-3397	227	41	can	can	AUX
fsr-3397	227	42	experience	experience	VERB
fsr-3397	227	43	substantial	substantial	ADJ
fsr-3397	227	44	losses	loss	NOUN
fsr-3397	227	45	.	.	PUNCT
fsr-3397	228	1	over	over	ADP
fsr-3397	228	2	a	a	DET
fsr-3397	228	3	30	30	NUM
fsr-3397	228	4	-	-	PUNCT
fsr-3397	228	5	year	year	NOUN
fsr-3397	228	6	horizon	horizon	NOUN
fsr-3397	228	7	,	,	PUNCT
fsr-3397	228	8	such	such	DET
fsr-3397	228	9	an	an	DET
fsr-3397	228	10	individual	individual	NOUN
fsr-3397	228	11	has	have	VERB
fsr-3397	228	12	a	a	DET
fsr-3397	228	13	5	5	NUM
fsr-3397	228	14	%	%	NOUN
fsr-3397	228	15	chance	chance	NOUN
fsr-3397	228	16	of	of	ADP
fsr-3397	228	17	ending	end	VERB
fsr-3397	228	18	up	up	ADP
fsr-3397	228	19	with	with	ADP
fsr-3397	228	20	less	less	ADJ
fsr-3397	228	21	than	than	ADP
fsr-3397	228	22	$	$	SYM
fsr-3397	228	23	149,207	149,207	NUM
fsr-3397	228	24	(	(	PUNCT
fsr-3397	228	25	about	about	ADV
fsr-3397	228	26	60	60	NUM
fsr-3397	228	27	%	%	NOUN
fsr-3397	228	28	of	of	ADP
fsr-3397	228	29	the	the	DET
fsr-3397	228	30	starting	starting	NOUN
fsr-3397	228	31	investment	investment	NOUN
fsr-3397	228	32	)	)	PUNCT
fsr-3397	228	33	and	and	CCONJ
fsr-3397	228	34	a	a	DET
fsr-3397	228	35	1	1	NUM
fsr-3397	228	36	%	%	NOUN
fsr-3397	228	37	chance	chance	NOUN
fsr-3397	228	38	of	of	ADP
fsr-3397	228	39	ending	end	VERB
fsr-3397	228	40	up	up	ADP
fsr-3397	228	41	with	with	ADP
fsr-3397	228	42	less	less	ADJ
fsr-3397	228	43	than	than	ADP
fsr-3397	228	44	$	$	SYM
fsr-3397	228	45	79,499	79,499	NUM
fsr-3397	228	46	(	(	PUNCT
fsr-3397	228	47	about	about	ADP
fsr-3397	228	48	32	32	NUM
fsr-3397	228	49	%	%	NOUN
fsr-3397	228	50	of	of	ADP
fsr-3397	228	51	the	the	DET
fsr-3397	228	52	starting	starting	NOUN
fsr-3397	228	53	investment	investment	NOUN
fsr-3397	228	54	)	)	PUNCT
fsr-3397	228	55	.	.	PUNCT
fsr-3397	229	1	these	these	DET
fsr-3397	229	2	fifthand	fifthand	NOUN
fsr-3397	229	3	first	first	ADJ
fsr-3397	229	4	-	-	PUNCT
fsr-3397	229	5	percentile	percentile	ADJ
fsr-3397	229	6	values	value	NOUN
fsr-3397	229	7	are	be	AUX
fsr-3397	229	8	actually	actually	ADV
fsr-3397	229	9	worse	bad	ADJ
fsr-3397	229	10	for	for	ADP
fsr-3397	229	11	longer	long	ADJ
fsr-3397	229	12	horizons	horizon	NOUN
fsr-3397	229	13	,	,	PUNCT
fsr-3397	229	14	reflecting	reflect	VERB
fsr-3397	229	15	the	the	DET
fsr-3397	229	16	fact	fact	NOUN
fsr-3397	229	17	that	that	SCONJ
fsr-3397	229	18	portfolio	portfolio	NOUN
fsr-3397	229	19	concentration	concentration	NOUN
fsr-3397	229	20	and	and	CCONJ
fsr-3397	229	21	risk	risk	NOUN
fsr-3397	229	22	grow	grow	VERB
fsr-3397	229	23	over	over	ADP
fsr-3397	229	24	time	time	NOUN
fsr-3397	229	25	with	with	ADP
fsr-3397	229	26	a	a	DET
fsr-3397	229	27	pure	pure	ADJ
fsr-3397	229	28	buy	buy	NOUN
fsr-3397	229	29	-	-	PUNCT
fsr-3397	229	30	and	and	CCONJ
fsr-3397	229	31	-	-	PUNCT
fsr-3397	229	32	hold	hold	VERB
fsr-3397	229	33	approach	approach	NOUN
fsr-3397	229	34	.	.	PUNCT
fsr-3397	230	1	while	while	SCONJ
fsr-3397	230	2	losses	loss	NOUN
fsr-3397	230	3	are	be	AUX
fsr-3397	230	4	still	still	ADV
fsr-3397	230	5	possible	possible	ADJ
fsr-3397	230	6	under	under	ADP
fsr-3397	230	7	the	the	DET
fsr-3397	230	8	charitable	charitable	ADJ
fsr-3397	230	9	donation	donation	NOUN
fsr-3397	230	10	strategy	strategy	NOUN
fsr-3397	230	11	,	,	PUNCT
fsr-3397	230	12	their	their	PRON
fsr-3397	230	13	likelihood	likelihood	NOUN
fsr-3397	230	14	and	and	CCONJ
fsr-3397	230	15	potential	potential	ADJ
fsr-3397	230	16	severity	severity	NOUN
fsr-3397	230	17	is	be	AUX
fsr-3397	230	18	reduced	reduce	VERB
fsr-3397	230	19	,	,	PUNCT
fsr-3397	230	20	especially	especially	ADV
fsr-3397	230	21	over	over	ADP
fsr-3397	230	22	longer	long	ADJ
fsr-3397	230	23	horizons	horizon	NOUN
fsr-3397	230	24	.	.	PUNCT
fsr-3397	231	1	for	for	ADP
fsr-3397	231	2	example	example	NOUN
fsr-3397	231	3	,	,	PUNCT
fsr-3397	231	4	a	a	DET
fsr-3397	231	5	10	10	NUM
fsr-3397	231	6	%	%	NOUN
fsr-3397	231	7	stock	stock	NOUN
fsr-3397	231	8	donor	donor	NOUN
fsr-3397	231	9	who	who	PRON
fsr-3397	231	10	harvests	harvest	VERB
fsr-3397	231	11	no	no	DET
fsr-3397	231	12	gains	gain	NOUN
fsr-3397	231	13	or	or	CCONJ
fsr-3397	231	14	losses	loss	NOUN
fsr-3397	231	15	over	over	ADP
fsr-3397	231	16	30	30	NUM
fsr-3397	231	17	years	year	NOUN
fsr-3397	231	18	would	would	AUX
fsr-3397	231	19	have	have	VERB
fsr-3397	231	20	fifthand	fifthand	NOUN
fsr-3397	231	21	first	first	ADJ
fsr-3397	231	22	-	-	PUNCT
fsr-3397	231	23	percentile	percentile	ADJ
fsr-3397	231	24	terminal	terminal	ADJ
fsr-3397	231	25	wealth	wealth	NOUN
fsr-3397	231	26	values	value	NOUN
fsr-3397	231	27	of	of	ADP
fsr-3397	231	28	$	$	SYM
fsr-3397	231	29	250,485	250,485	NUM
fsr-3397	231	30	and	and	CCONJ
fsr-3397	231	31	$	$	SYM
fsr-3397	231	32	140,841	140,841	NUM
fsr-3397	231	33	(	(	PUNCT
fsr-3397	231	34	approximately	approximately	ADV
fsr-3397	231	35	100	100	NUM
fsr-3397	231	36	%	%	NOUN
fsr-3397	231	37	and	and	CCONJ
fsr-3397	231	38	56	56	NUM
fsr-3397	231	39	%	%	NOUN
fsr-3397	231	40	of	of	ADP
fsr-3397	231	41	the	the	DET
fsr-3397	231	42	original	original	ADJ
fsr-3397	231	43	investment	investment	NOUN
fsr-3397	231	44	,	,	PUNCT
fsr-3397	231	45	as	as	SCONJ
fsr-3397	231	46	shown	show	VERB
fsr-3397	231	47	in	in	ADP
fsr-3397	231	48	panel	panel	NOUN
fsr-3397	231	49	a	a	PRON
fsr-3397	231	50	)	)	PUNCT
fsr-3397	231	51	.	.	PUNCT
fsr-3397	232	1	therefore	therefore	ADV
fsr-3397	232	2	,	,	PUNCT
fsr-3397	232	3	a	a	DET
fsr-3397	232	4	10	10	NUM
fsr-3397	232	5	%	%	NOUN
fsr-3397	232	6	donor	donor	NOUN
fsr-3397	232	7	does	do	VERB
fsr-3397	232	8	significantly	significantly	ADV
fsr-3397	232	9	better	well	ADJ
fsr-3397	232	10	than	than	ADP
fsr-3397	232	11	the	the	DET
fsr-3397	232	12	non	non	ADJ
fsr-3397	232	13	-	-	NOUN
fsr-3397	232	14	donor	donor	ADJ
fsr-3397	232	15	when	when	SCONJ
fsr-3397	232	16	both	both	PRON
fsr-3397	232	17	experience	experience	VERB
fsr-3397	232	18	the	the	DET
fsr-3397	232	19	same	same	ADJ
fsr-3397	232	20	degree	degree	NOUN
fsr-3397	232	21	of	of	ADP
fsr-3397	232	22	bad	bad	ADJ
fsr-3397	232	23	luck	luck	NOUN
fsr-3397	232	24	.	.	PUNCT
fsr-3397	233	1	furthermore	furthermore	ADV
fsr-3397	233	2	,	,	PUNCT
fsr-3397	233	3	because	because	SCONJ
fsr-3397	233	4	the	the	DET
fsr-3397	233	5	stock	stock	NOUN
fsr-3397	233	6	donation	donation	NOUN
fsr-3397	233	7	strategy	strategy	NOUN
fsr-3397	233	8	greatly	greatly	ADV
fsr-3397	233	9	limits	limit	VERB
fsr-3397	233	10	the	the	DET
fsr-3397	233	11	growth	growth	NOUN
fsr-3397	233	12	in	in	ADP
fsr-3397	233	13	portfolio	portfolio	NOUN
fsr-3397	233	14	concentration	concentration	NOUN
fsr-3397	233	15	over	over	ADP
fsr-3397	233	16	time	time	NOUN
fsr-3397	233	17	,	,	PUNCT
fsr-3397	233	18	the	the	DET
fsr-3397	233	19	donor	donor	NOUN
fsr-3397	233	20	’s	’s	PART
fsr-3397	233	21	fifthand	fifthand	NOUN
fsr-3397	233	22	first	first	ADJ
fsr-3397	233	23	-	-	PUNCT
fsr-3397	233	24	percentile	percentile	ADJ
fsr-3397	233	25	outcomes	outcome	NOUN
fsr-3397	233	26	are	be	AUX
fsr-3397	233	27	better	well	ADJ
fsr-3397	233	28	over	over	ADP
fsr-3397	233	29	longer	long	ADJ
fsr-3397	233	30	horizons	horizon	NOUN
fsr-3397	233	31	,	,	PUNCT
fsr-3397	233	32	not	not	PART
fsr-3397	233	33	worse	bad	ADJ
fsr-3397	233	34	.	.	PUNCT
fsr-3397	234	1	after	after	ADP
fsr-3397	234	2	50	50	NUM
fsr-3397	234	3	years	year	NOUN
fsr-3397	234	4	,	,	PUNCT
fsr-3397	234	5	the	the	DET
fsr-3397	234	6	10	10	NUM
fsr-3397	234	7	%	%	NOUN
fsr-3397	234	8	donor	donor	NOUN
fsr-3397	234	9	would	would	AUX
fsr-3397	234	10	still	still	ADV
fsr-3397	234	11	have	have	VERB
fsr-3397	234	12	an	an	DET
fsr-3397	234	13	overall	overall	ADJ
fsr-3397	234	14	gain	gain	NOUN
fsr-3397	234	15	(	(	PUNCT
fsr-3397	234	16	ending	end	VERB
fsr-3397	234	17	up	up	ADP
fsr-3397	234	18	with	with	ADP
fsr-3397	234	19	178	178	NUM
fsr-3397	234	20	%	%	NOUN
fsr-3397	234	21	of	of	ADP
fsr-3397	234	22	starting	start	VERB
fsr-3397	234	23	wealth	wealth	NOUN
fsr-3397	234	24	)	)	PUNCT
fsr-3397	234	25	even	even	ADV
fsr-3397	234	26	in	in	ADP
fsr-3397	234	27	a	a	DET
fsr-3397	234	28	fifth	fifth	ADJ
fsr-3397	234	29	-	-	PUNCT
fsr-3397	234	30	percentile	percentile	ADJ
fsr-3397	234	31	scenario	scenario	NOUN
fsr-3397	234	32	and	and	CCONJ
fsr-3397	234	33	a	a	DET
fsr-3397	234	34	relatively	relatively	ADV
fsr-3397	234	35	small	small	ADJ
fsr-3397	234	36	loss	loss	NOUN
fsr-3397	234	37	(	(	PUNCT
fsr-3397	234	38	finishing	finish	VERB
fsr-3397	234	39	with	with	ADP
fsr-3397	234	40	85	85	NUM
fsr-3397	234	41	%	%	NOUN
fsr-3397	234	42	of	of	ADP
fsr-3397	234	43	the	the	DET
fsr-3397	234	44	original	original	ADJ
fsr-3397	234	45	investment	investment	NOUN
fsr-3397	234	46	)	)	PUNCT
fsr-3397	234	47	with	with	ADP
fsr-3397	234	48	a	a	DET
fsr-3397	234	49	first	first	ADJ
fsr-3397	234	50	-	-	PUNCT
fsr-3397	234	51	percentile	percentile	ADJ
fsr-3397	234	52	outcome	outcome	NOUN
fsr-3397	234	53	.	.	PUNCT
fsr-3397	235	1	a	a	DET
fsr-3397	235	2	comparison	comparison	NOUN
fsr-3397	235	3	of	of	ADP
fsr-3397	235	4	panels	panel	NOUN
fsr-3397	235	5	a	a	PRON
fsr-3397	235	6	and	and	CCONJ
fsr-3397	235	7	b	b	NOUN
fsr-3397	235	8	shows	show	VERB
fsr-3397	235	9	that	that	SCONJ
fsr-3397	235	10	in	in	ADP
fsr-3397	235	11	every	every	DET
fsr-3397	235	12	case	case	NOUN
fsr-3397	235	13	,	,	PUNCT
fsr-3397	235	14	an	an	DET
fsr-3397	235	15	unlucky	unlucky	ADJ
fsr-3397	235	16	investor	investor	NOUN
fsr-3397	235	17	who	who	PRON
fsr-3397	235	18	harvests	harvest	VERB
fsr-3397	235	19	capital	capital	NOUN
fsr-3397	235	20	losses	loss	NOUN
fsr-3397	235	21	performs	perform	VERB
fsr-3397	235	22	better	well	ADJ
fsr-3397	235	23	than	than	ADP
fsr-3397	235	24	one	one	NUM
fsr-3397	235	25	who	who	PRON
fsr-3397	235	26	does	do	VERB
fsr-3397	235	27	not	not	PART
fsr-3397	235	28	.	.	PUNCT
fsr-3397	236	1	this	this	DET
fsr-3397	236	2	finding	finding	NOUN
fsr-3397	236	3	is	be	AUX
fsr-3397	236	4	intuitive	intuitive	ADJ
fsr-3397	236	5	because	because	SCONJ
fsr-3397	236	6	the	the	DET
fsr-3397	236	7	resulting	result	VERB
fsr-3397	236	8	tax	tax	NOUN
fsr-3397	236	9	savings	saving	NOUN
fsr-3397	236	10	help	help	NOUN
fsr-3397	236	11	to	to	PART
fsr-3397	236	12	mitigate	mitigate	VERB
fsr-3397	236	13	whatever	whatever	DET
fsr-3397	236	14	losses	loss	NOUN
fsr-3397	236	15	have	have	AUX
fsr-3397	236	16	occurred	occur	VERB
fsr-3397	236	17	.	.	PUNCT
fsr-3397	237	1	a	a	DET
fsr-3397	237	2	comparison	comparison	NOUN
fsr-3397	237	3	of	of	ADP
fsr-3397	237	4	panels	panel	NOUN
fsr-3397	237	5	b	b	PROPN
fsr-3397	237	6	and	and	CCONJ
fsr-3397	237	7	c	c	PROPN
fsr-3397	237	8	finds	find	VERB
fsr-3397	237	9	mixed	mixed	ADJ
fsr-3397	237	10	results	result	NOUN
fsr-3397	237	11	on	on	ADP
fsr-3397	237	12	whether	whether	SCONJ
fsr-3397	237	13	harvesting	harvesting	NOUN
fsr-3397	237	14	gains	gain	NOUN
fsr-3397	237	15	can	can	AUX
fsr-3397	237	16	further	far	ADV
fsr-3397	237	17	table	table	VERB
fsr-3397	237	18	6	6	NUM
fsr-3397	237	19	fifth	fifth	ADJ
fsr-3397	237	20	(	(	PUNCT
fsr-3397	237	21	first	first	ADJ
fsr-3397	237	22	)	)	PUNCT
fsr-3397	237	23	percentile	percentile	ADJ
fsr-3397	237	24	terminal	terminal	ADJ
fsr-3397	237	25	wealth	wealth	NOUN
fsr-3397	237	26	values	value	NOUN
fsr-3397	237	27	relative	relative	ADJ
fsr-3397	237	28	to	to	ADP
fsr-3397	237	29	original	original	ADJ
fsr-3397	237	30	investment	investment	NOUN
fsr-3397	237	31	years	year	NOUN
fsr-3397	237	32	invested	invest	VERB
fsr-3397	237	33	percentage	percentage	NOUN
fsr-3397	237	34	of	of	ADP
fsr-3397	237	35	income	income	NOUN
fsr-3397	237	36	donated	donate	VERB
fsr-3397	237	37	via	via	ADP
fsr-3397	237	38	appreciated	appreciated	ADJ
fsr-3397	237	39	stock	stock	NOUN
fsr-3397	237	40	0	0	NUM
fsr-3397	237	41	%	%	NOUN
fsr-3397	237	42	5	5	NUM
fsr-3397	237	43	%	%	NOUN
fsr-3397	237	44	10	10	NUM
fsr-3397	237	45	%	%	NOUN
fsr-3397	237	46	panel	panel	NOUN
fsr-3397	237	47	a	a	PRON
fsr-3397	237	48	:	:	PUNCT
fsr-3397	237	49	realize	realize	VERB
fsr-3397	237	50	no	no	DET
fsr-3397	237	51	losses	loss	NOUN
fsr-3397	237	52	or	or	CCONJ
fsr-3397	237	53	gains	gain	NOUN
fsr-3397	237	54	(	(	PUNCT
fsr-3397	237	55	buy	buy	VERB
fsr-3397	237	56	and	and	CCONJ
fsr-3397	237	57	hold	hold	VERB
fsr-3397	237	58	)	)	PUNCT
fsr-3397	237	59	10	10	NUM
fsr-3397	237	60	0.62	0.62	NUM
fsr-3397	237	61	(	(	PUNCT
fsr-3397	237	62	0.42	0.42	NUM
fsr-3397	237	63	)	)	PUNCT
fsr-3397	237	64	0.65	0.65	NUM
fsr-3397	237	65	(	(	PUNCT
fsr-3397	237	66	0.45	0.45	NUM
fsr-3397	237	67	)	)	PUNCT
fsr-3397	237	68	0.68	0.68	NUM
fsr-3397	237	69	(	(	PUNCT
fsr-3397	237	70	0.47	0.47	NUM
fsr-3397	237	71	)	)	PUNCT
fsr-3397	237	72	20	20	NUM
fsr-3397	237	73	0.60	0.60	NUM
fsr-3397	237	74	(	(	PUNCT
fsr-3397	237	75	0.36	0.36	NUM
fsr-3397	237	76	)	)	PUNCT
fsr-3397	237	77	0.73	0.73	NUM
fsr-3397	237	78	(	(	PUNCT
fsr-3397	237	79	0.46	0.46	NUM
fsr-3397	237	80	)	)	PUNCT
fsr-3397	237	81	0.79	0.79	NUM
fsr-3397	237	82	(	(	PUNCT
fsr-3397	237	83	0.49	0.49	NUM
fsr-3397	237	84	)	)	PUNCT
fsr-3397	237	85	30	30	NUM
fsr-3397	237	86	0.60	0.60	NUM
fsr-3397	237	87	(	(	PUNCT
fsr-3397	237	88	0.32	0.32	NUM
fsr-3397	237	89	)	)	PUNCT
fsr-3397	237	90	0.89	0.89	NUM
fsr-3397	237	91	(	(	PUNCT
fsr-3397	237	92	0.51	0.51	NUM
fsr-3397	237	93	)	)	PUNCT
fsr-3397	237	94	1.00	1.00	NUM
fsr-3397	237	95	(	(	PUNCT
fsr-3397	237	96	0.56	0.56	NUM
fsr-3397	237	97	)	)	PUNCT
fsr-3397	237	98	40	40	NUM
fsr-3397	237	99	0.59	0.59	NUM
fsr-3397	237	100	(	(	PUNCT
fsr-3397	237	101	0.29	0.29	NUM
fsr-3397	237	102	)	)	PUNCT
fsr-3397	237	103	1.14	1.14	NUM
fsr-3397	237	104	(	(	PUNCT
fsr-3397	237	105	0.60	0.60	NUM
fsr-3397	237	106	)	)	PUNCT
fsr-3397	237	107	1.32	1.32	NUM
fsr-3397	237	108	(	(	PUNCT
fsr-3397	237	109	0.69	0.69	NUM
fsr-3397	237	110	)	)	PUNCT
fsr-3397	237	111	50	50	NUM
fsr-3397	237	112	0.59	0.59	NUM
fsr-3397	237	113	(	(	PUNCT
fsr-3397	237	114	0.27	0.27	NUM
fsr-3397	237	115	)	)	PUNCT
fsr-3397	237	116	1.50	1.50	NUM
fsr-3397	237	117	(	(	PUNCT
fsr-3397	237	118	0.73	0.73	NUM
fsr-3397	237	119	)	)	PUNCT
fsr-3397	237	120	1.78	1.78	NUM
fsr-3397	237	121	(	(	PUNCT
fsr-3397	237	122	0.85	0.85	NUM
fsr-3397	238	1	)	)	PUNCT
fsr-3397	238	2	panel	panel	NOUN
fsr-3397	238	3	b	b	X
fsr-3397	238	4	:	:	PUNCT
fsr-3397	238	5	realize	realize	VERB
fsr-3397	238	6	all	all	DET
fsr-3397	238	7	losses	loss	NOUN
fsr-3397	238	8	each	each	DET
fsr-3397	238	9	year	year	NOUN
fsr-3397	238	10	10	10	NUM
fsr-3397	238	11	0.63	0.63	NUM
fsr-3397	238	12	(	(	PUNCT
fsr-3397	238	13	0.43	0.43	NUM
fsr-3397	238	14	)	)	PUNCT
fsr-3397	238	15	0.66	0.66	NUM
fsr-3397	238	16	(	(	PUNCT
fsr-3397	238	17	0.46	0.46	NUM
fsr-3397	238	18	)	)	PUNCT
fsr-3397	238	19	0.69	0.69	NUM
fsr-3397	238	20	(	(	PUNCT
fsr-3397	238	21	0.48	0.48	NUM
fsr-3397	238	22	)	)	PUNCT
fsr-3397	238	23	20	20	NUM
fsr-3397	238	24	0.63	0.63	NUM
fsr-3397	238	25	(	(	PUNCT
fsr-3397	238	26	0.38	0.38	NUM
fsr-3397	238	27	)	)	PUNCT
fsr-3397	238	28	0.76	0.76	NUM
fsr-3397	238	29	(	(	PUNCT
fsr-3397	238	30	0.48	0.48	NUM
fsr-3397	238	31	)	)	PUNCT
fsr-3397	238	32	0.83	0.83	NUM
fsr-3397	238	33	(	(	PUNCT
fsr-3397	238	34	0.53	0.53	NUM
fsr-3397	238	35	)	)	PUNCT
fsr-3397	238	36	30	30	NUM
fsr-3397	238	37	0.67	0.67	NUM
fsr-3397	238	38	(	(	PUNCT
fsr-3397	238	39	0.36	0.36	NUM
fsr-3397	238	40	)	)	PUNCT
fsr-3397	238	41	0.94	0.94	NUM
fsr-3397	238	42	(	(	PUNCT
fsr-3397	238	43	0.55	0.55	NUM
fsr-3397	238	44	)	)	PUNCT
fsr-3397	238	45	1.07	1.07	NUM
fsr-3397	238	46	(	(	PUNCT
fsr-3397	238	47	0.63	0.63	NUM
fsr-3397	238	48	)	)	PUNCT
fsr-3397	238	49	40	40	NUM
fsr-3397	238	50	0.72	0.72	NUM
fsr-3397	238	51	(	(	PUNCT
fsr-3397	238	52	0.35	0.35	NUM
fsr-3397	238	53	)	)	PUNCT
fsr-3397	238	54	1.22	1.22	NUM
fsr-3397	238	55	(	(	PUNCT
fsr-3397	238	56	0.66	0.66	NUM
fsr-3397	238	57	)	)	PUNCT
fsr-3397	238	58	1.44	1.44	NUM
fsr-3397	238	59	(	(	PUNCT
fsr-3397	238	60	0.79	0.79	NUM
fsr-3397	238	61	)	)	PUNCT
fsr-3397	238	62	50	50	NUM
fsr-3397	238	63	0.77	0.77	NUM
fsr-3397	238	64	(	(	PUNCT
fsr-3397	238	65	0.34	0.34	NUM
fsr-3397	238	66	)	)	PUNCT
fsr-3397	238	67	1.61	1.61	NUM
fsr-3397	238	68	(	(	PUNCT
fsr-3397	238	69	0.83	0.83	NUM
fsr-3397	238	70	)	)	PUNCT
fsr-3397	238	71	1.96	1.96	NUM
fsr-3397	238	72	(	(	PUNCT
fsr-3397	238	73	1.02	1.02	NUM
fsr-3397	238	74	)	)	PUNCT
fsr-3397	238	75	panel	panel	NOUN
fsr-3397	238	76	c	c	NOUN
fsr-3397	238	77	:	:	PUNCT
fsr-3397	238	78	realize	realize	VERB
fsr-3397	238	79	all	all	DET
fsr-3397	238	80	losses	loss	NOUN
fsr-3397	238	81	and	and	CCONJ
fsr-3397	238	82	offsetting	offset	VERB
fsr-3397	238	83	gains	gain	NOUN
fsr-3397	238	84	10	10	NUM
fsr-3397	238	85	0.65	0.65	NUM
fsr-3397	238	86	(	(	PUNCT
fsr-3397	238	87	0.45	0.45	NUM
fsr-3397	238	88	)	)	PUNCT
fsr-3397	238	89	0.67	0.67	NUM
fsr-3397	238	90	(	(	PUNCT
fsr-3397	238	91	0.46	0.46	NUM
fsr-3397	238	92	)	)	PUNCT
fsr-3397	238	93	0.68	0.68	NUM
fsr-3397	238	94	(	(	PUNCT
fsr-3397	238	95	0.48	0.48	NUM
fsr-3397	238	96	)	)	PUNCT
fsr-3397	238	97	20	20	NUM
fsr-3397	238	98	0.73	0.73	NUM
fsr-3397	238	99	(	(	PUNCT
fsr-3397	238	100	0.44	0.44	NUM
fsr-3397	238	101	)	)	PUNCT
fsr-3397	238	102	0.77	0.77	NUM
fsr-3397	238	103	(	(	PUNCT
fsr-3397	238	104	0.47	0.47	NUM
fsr-3397	238	105	)	)	PUNCT
fsr-3397	238	106	0.80	0.80	NUM
fsr-3397	238	107	(	(	PUNCT
fsr-3397	238	108	0.50	0.50	NUM
fsr-3397	238	109	)	)	PUNCT
fsr-3397	238	110	30	30	NUM
fsr-3397	238	111	0.88	0.88	NUM
fsr-3397	238	112	(	(	PUNCT
fsr-3397	238	113	0.47	0.47	NUM
fsr-3397	238	114	)	)	PUNCT
fsr-3397	238	115	0.97	0.97	NUM
fsr-3397	238	116	(	(	PUNCT
fsr-3397	238	117	0.54	0.54	NUM
fsr-3397	238	118	)	)	PUNCT
fsr-3397	238	119	1.03	1.03	NUM
fsr-3397	238	120	(	(	PUNCT
fsr-3397	238	121	0.58	0.58	NUM
fsr-3397	238	122	)	)	PUNCT
fsr-3397	238	123	40	40	NUM
fsr-3397	238	124	1.08	1.08	NUM
fsr-3397	238	125	(	(	PUNCT
fsr-3397	238	126	0.53	0.53	NUM
fsr-3397	238	127	)	)	PUNCT
fsr-3397	238	128	1.27	1.27	NUM
fsr-3397	238	129	(	(	PUNCT
fsr-3397	238	130	0.64	0.64	NUM
fsr-3397	238	131	)	)	PUNCT
fsr-3397	238	132	1.37	1.37	NUM
fsr-3397	238	133	(	(	PUNCT
fsr-3397	238	134	0.72	0.72	NUM
fsr-3397	238	135	)	)	PUNCT
fsr-3397	238	136	50	50	NUM
fsr-3397	238	137	1.34	1.34	NUM
fsr-3397	238	138	(	(	PUNCT
fsr-3397	238	139	0.60	0.60	NUM
fsr-3397	238	140	)	)	PUNCT
fsr-3397	238	141	1.72	1.72	NUM
fsr-3397	238	142	(	(	PUNCT
fsr-3397	238	143	0.80	0.80	NUM
fsr-3397	238	144	)	)	PUNCT
fsr-3397	238	145	1.88	1.88	NUM
fsr-3397	238	146	(	(	PUNCT
fsr-3397	238	147	0.91	0.91	NUM
fsr-3397	238	148	)	)	PUNCT
fsr-3397	238	149	271j	271j	NOUN
fsr-3397	238	150	.	.	PUNCT
fsr-3397	239	1	whitworth	whitworth	PROPN
fsr-3397	239	2	/	/	SYM
fsr-3397	239	3	financial	financial	ADJ
fsr-3397	239	4	services	service	NOUN
fsr-3397	239	5	review	review	VERB
fsr-3397	239	6	27	27	NUM
fsr-3397	239	7	(	(	PUNCT
fsr-3397	239	8	2018	2018	NUM
fsr-3397	239	9	)	)	PUNCT
fsr-3397	239	10	257	257	NUM
fsr-3397	239	11	-	-	SYM
fsr-3397	239	12	277	277	NUM
fsr-3397	239	13	improve	improve	VERB
fsr-3397	239	14	the	the	DET
fsr-3397	239	15	outcomes	outcome	NOUN
fsr-3397	239	16	of	of	ADP
fsr-3397	239	17	unlucky	unlucky	ADJ
fsr-3397	239	18	investors	investor	NOUN
fsr-3397	239	19	.	.	PUNCT
fsr-3397	240	1	the	the	DET
fsr-3397	240	2	strategy	strategy	NOUN
fsr-3397	240	3	is	be	AUX
fsr-3397	240	4	helpful	helpful	ADJ
fsr-3397	240	5	in	in	ADP
fsr-3397	240	6	this	this	DET
fsr-3397	240	7	respect	respect	NOUN
fsr-3397	240	8	for	for	ADP
fsr-3397	240	9	non	non	NOUN
fsr-3397	240	10	-	-	NOUN
fsr-3397	240	11	donors	donor	NOUN
fsr-3397	240	12	,	,	PUNCT
fsr-3397	240	13	as	as	SCONJ
fsr-3397	240	14	it	it	PRON
fsr-3397	240	15	helps	helps	AUX
fsr-3397	240	16	maintain	maintain	VERB
fsr-3397	240	17	better	well	ADJ
fsr-3397	240	18	balance	balance	NOUN
fsr-3397	240	19	in	in	ADP
fsr-3397	240	20	a	a	DET
fsr-3397	240	21	portfolio	portfolio	NOUN
fsr-3397	240	22	that	that	PRON
fsr-3397	240	23	would	would	AUX
fsr-3397	240	24	otherwise	otherwise	ADV
fsr-3397	240	25	become	become	VERB
fsr-3397	240	26	very	very	ADV
fsr-3397	240	27	concentrated	concentrated	ADJ
fsr-3397	240	28	and	and	CCONJ
fsr-3397	240	29	more	more	ADV
fsr-3397	240	30	risky	risky	ADJ
fsr-3397	240	31	over	over	ADP
fsr-3397	240	32	time	time	NOUN
fsr-3397	240	33	.	.	PUNCT
fsr-3397	241	1	however	however	ADV
fsr-3397	241	2	,	,	PUNCT
fsr-3397	241	3	a	a	DET
fsr-3397	241	4	10	10	NUM
fsr-3397	241	5	%	%	NOUN
fsr-3397	241	6	stock	stock	NOUN
fsr-3397	241	7	donor	donor	NOUN
fsr-3397	241	8	’s	’s	PART
fsr-3397	241	9	fifthand	fifthand	NOUN
fsr-3397	241	10	first	first	ADJ
fsr-3397	241	11	-	-	PUNCT
fsr-3397	241	12	percentile	percentile	ADJ
fsr-3397	241	13	wealth	wealth	NOUN
fsr-3397	241	14	values	value	NOUN
fsr-3397	241	15	are	be	AUX
fsr-3397	241	16	both	both	PRON
fsr-3397	241	17	made	make	VERB
fsr-3397	241	18	slightly	slightly	ADV
fsr-3397	241	19	worse	bad	ADJ
fsr-3397	241	20	by	by	ADP
fsr-3397	241	21	gain	gain	NOUN
fsr-3397	241	22	harvesting	harvesting	NOUN
fsr-3397	241	23	,	,	PUNCT
fsr-3397	241	24	even	even	ADV
fsr-3397	241	25	though	though	SCONJ
fsr-3397	241	26	the	the	DET
fsr-3397	241	27	average	average	ADJ
fsr-3397	241	28	investor	investor	NOUN
fsr-3397	241	29	’s	’s	PART
fsr-3397	241	30	results	result	NOUN
fsr-3397	241	31	(	(	PUNCT
fsr-3397	241	32	seen	see	VERB
fsr-3397	241	33	previously	previously	ADV
fsr-3397	241	34	in	in	ADP
fsr-3397	241	35	table	table	NOUN
fsr-3397	241	36	1	1	NUM
fsr-3397	241	37	)	)	PUNCT
fsr-3397	241	38	are	be	AUX
fsr-3397	241	39	made	make	VERB
fsr-3397	241	40	better	well	ADJ
fsr-3397	241	41	.	.	PUNCT
fsr-3397	242	1	to	to	PART
fsr-3397	242	2	understand	understand	VERB
fsr-3397	242	3	this	this	DET
fsr-3397	242	4	somewhat	somewhat	ADV
fsr-3397	242	5	counterintuitive	counterintuitive	ADJ
fsr-3397	242	6	finding	finding	NOUN
fsr-3397	242	7	,	,	PUNCT
fsr-3397	242	8	note	note	VERB
fsr-3397	242	9	that	that	SCONJ
fsr-3397	242	10	a	a	DET
fsr-3397	242	11	portfolio	portfolio	NOUN
fsr-3397	242	12	that	that	PRON
fsr-3397	242	13	has	have	AUX
fsr-3397	242	14	performed	perform	VERB
fsr-3397	242	15	poorly	poorly	ADV
fsr-3397	242	16	will	will	AUX
fsr-3397	242	17	by	by	ADP
fsr-3397	242	18	definition	definition	NOUN
fsr-3397	242	19	have	have	VERB
fsr-3397	242	20	relatively	relatively	ADV
fsr-3397	242	21	few	few	ADJ
fsr-3397	242	22	appreciated	appreciated	ADJ
fsr-3397	242	23	shares	share	NOUN
fsr-3397	242	24	,	,	PUNCT
fsr-3397	242	25	and	and	CCONJ
fsr-3397	242	26	if	if	SCONJ
fsr-3397	242	27	most	most	ADJ
fsr-3397	242	28	of	of	ADP
fsr-3397	242	29	these	these	DET
fsr-3397	242	30	shares	share	NOUN
fsr-3397	242	31	are	be	AUX
fsr-3397	242	32	donated	donate	VERB
fsr-3397	242	33	to	to	ADP
fsr-3397	242	34	charity	charity	NOUN
fsr-3397	242	35	,	,	PUNCT
fsr-3397	242	36	the	the	DET
fsr-3397	242	37	resulting	result	VERB
fsr-3397	242	38	portfolio	portfolio	NOUN
fsr-3397	242	39	will	will	AUX
fsr-3397	242	40	be	be	AUX
fsr-3397	242	41	reasonably	reasonably	ADV
fsr-3397	242	42	diversified	diversified	ADJ
fsr-3397	242	43	already	already	ADV
fsr-3397	242	44	,	,	PUNCT
fsr-3397	242	45	so	so	SCONJ
fsr-3397	242	46	that	that	SCONJ
fsr-3397	242	47	gain	gain	VERB
fsr-3397	242	48	harvesting	harvesting	NOUN
fsr-3397	242	49	would	would	AUX
fsr-3397	242	50	not	not	PART
fsr-3397	242	51	improve	improve	VERB
fsr-3397	242	52	diversification	diversification	NOUN
fsr-3397	242	53	much	much	ADV
fsr-3397	242	54	more	more	ADJ
fsr-3397	242	55	.	.	PUNCT
fsr-3397	243	1	in	in	ADP
fsr-3397	243	2	addition	addition	NOUN
fsr-3397	243	3	,	,	PUNCT
fsr-3397	243	4	offsetting	offset	VERB
fsr-3397	243	5	current	current	ADJ
fsr-3397	243	6	-	-	PUNCT
fsr-3397	243	7	year	year	NOUN
fsr-3397	243	8	losses	loss	NOUN
fsr-3397	243	9	in	in	ADP
fsr-3397	243	10	this	this	DET
fsr-3397	243	11	manner	manner	NOUN
fsr-3397	243	12	can	can	AUX
fsr-3397	243	13	occasionally	occasionally	ADV
fsr-3397	243	14	prevent	prevent	VERB
fsr-3397	243	15	the	the	DET
fsr-3397	243	16	investor	investor	NOUN
fsr-3397	243	17	from	from	ADP
fsr-3397	243	18	being	be	AUX
fsr-3397	243	19	able	able	ADJ
fsr-3397	243	20	to	to	PART
fsr-3397	243	21	deduct	deduct	VERB
fsr-3397	243	22	capital	capital	NOUN
fsr-3397	243	23	losses	loss	NOUN
fsr-3397	243	24	in	in	ADP
fsr-3397	243	25	the	the	DET
fsr-3397	243	26	following	follow	VERB
fsr-3397	243	27	year(s	year(s	PROPN
fsr-3397	243	28	)	)	PUNCT
fsr-3397	243	29	,	,	PUNCT
fsr-3397	243	30	and	and	CCONJ
fsr-3397	243	31	the	the	DET
fsr-3397	243	32	fifthand	fifthand	NOUN
fsr-3397	243	33	first	first	ADJ
fsr-3397	243	34	-	-	PUNCT
fsr-3397	243	35	percentile	percentile	ADJ
fsr-3397	243	36	values	value	NOUN
fsr-3397	243	37	in	in	ADP
fsr-3397	243	38	panel	panel	NOUN
fsr-3397	243	39	c	c	PROPN
fsr-3397	243	40	likely	likely	ADV
fsr-3397	243	41	reflect	reflect	VERB
fsr-3397	243	42	scenarios	scenario	NOUN
fsr-3397	243	43	where	where	SCONJ
fsr-3397	243	44	the	the	DET
fsr-3397	243	45	strategy	strategy	NOUN
fsr-3397	243	46	backfires	backfire	VERB
fsr-3397	243	47	in	in	ADP
fsr-3397	243	48	this	this	DET
fsr-3397	243	49	manner	manner	NOUN
fsr-3397	243	50	.	.	PUNCT
fsr-3397	244	1	4	4	X
fsr-3397	244	2	.	.	X
fsr-3397	244	3	impact	impact	NOUN
fsr-3397	244	4	of	of	ADP
fsr-3397	244	5	recent	recent	ADJ
fsr-3397	244	6	and	and	CCONJ
fsr-3397	244	7	potential	potential	ADJ
fsr-3397	244	8	future	future	ADJ
fsr-3397	244	9	tax	tax	NOUN
fsr-3397	244	10	law	law	NOUN
fsr-3397	244	11	changes	change	NOUN
fsr-3397	244	12	in	in	ADP
fsr-3397	244	13	2017	2017	NUM
fsr-3397	244	14	,	,	PUNCT
fsr-3397	244	15	congress	congress	PROPN
fsr-3397	244	16	passed	pass	VERB
fsr-3397	244	17	the	the	DET
fsr-3397	244	18	tax	tax	NOUN
fsr-3397	244	19	cuts	cut	NOUN
fsr-3397	244	20	and	and	CCONJ
fsr-3397	244	21	jobs	job	NOUN
fsr-3397	244	22	act	act	NOUN
fsr-3397	244	23	(	(	PUNCT
fsr-3397	244	24	tcja	tcja	NOUN
fsr-3397	244	25	)	)	PUNCT
fsr-3397	244	26	,	,	PUNCT
fsr-3397	244	27	amending	amend	VERB
fsr-3397	244	28	certain	certain	ADJ
fsr-3397	244	29	provisions	provision	NOUN
fsr-3397	244	30	of	of	ADP
fsr-3397	244	31	the	the	DET
fsr-3397	244	32	tax	tax	NOUN
fsr-3397	244	33	code	code	NOUN
fsr-3397	244	34	that	that	PRON
fsr-3397	244	35	affect	affect	VERB
fsr-3397	244	36	investors	investor	NOUN
fsr-3397	244	37	and	and	CCONJ
fsr-3397	244	38	charitable	charitable	ADJ
fsr-3397	244	39	donors	donor	NOUN
fsr-3397	244	40	,	,	PUNCT
fsr-3397	244	41	and	and	CCONJ
fsr-3397	244	42	without	without	ADP
fsr-3397	244	43	question	question	NOUN
fsr-3397	244	44	,	,	PUNCT
fsr-3397	244	45	it	it	PRON
fsr-3397	244	46	will	will	AUX
fsr-3397	244	47	enact	enact	VERB
fsr-3397	244	48	other	other	ADJ
fsr-3397	244	49	tax	tax	NOUN
fsr-3397	244	50	reforms	reform	NOUN
fsr-3397	244	51	in	in	ADP
fsr-3397	244	52	the	the	DET
fsr-3397	244	53	future	future	NOUN
fsr-3397	244	54	.	.	PUNCT
fsr-3397	245	1	therefore	therefore	ADV
fsr-3397	245	2	,	,	PUNCT
fsr-3397	245	3	it	it	PRON
fsr-3397	245	4	makes	make	VERB
fsr-3397	245	5	sense	sense	NOUN
fsr-3397	245	6	to	to	PART
fsr-3397	245	7	consider	consider	VERB
fsr-3397	245	8	the	the	DET
fsr-3397	245	9	effects	effect	NOUN
fsr-3397	245	10	of	of	ADP
fsr-3397	245	11	recent	recent	ADJ
fsr-3397	245	12	and	and	CCONJ
fsr-3397	245	13	potential	potential	ADJ
fsr-3397	245	14	future	future	ADJ
fsr-3397	245	15	tax	tax	NOUN
fsr-3397	245	16	policy	policy	NOUN
fsr-3397	245	17	changes	change	NOUN
fsr-3397	245	18	on	on	ADP
fsr-3397	245	19	the	the	DET
fsr-3397	245	20	strategies	strategy	NOUN
fsr-3397	245	21	presented	present	VERB
fsr-3397	245	22	in	in	ADP
fsr-3397	245	23	this	this	DET
fsr-3397	245	24	paper	paper	NOUN
fsr-3397	245	25	.	.	PUNCT
fsr-3397	246	1	one	one	NUM
fsr-3397	246	2	key	key	ADJ
fsr-3397	246	3	tcja	tcja	NOUN
fsr-3397	246	4	provision	provision	NOUN
fsr-3397	246	5	approximately	approximately	ADV
fsr-3397	246	6	doubled	double	VERB
fsr-3397	246	7	the	the	DET
fsr-3397	246	8	standard	standard	ADJ
fsr-3397	246	9	deduction	deduction	NOUN
fsr-3397	246	10	while	while	SCONJ
fsr-3397	246	11	limiting	limit	VERB
fsr-3397	246	12	or	or	CCONJ
fsr-3397	246	13	disallowing	disallow	VERB
fsr-3397	246	14	many	many	ADJ
fsr-3397	246	15	non	non	ADJ
fsr-3397	246	16	-	-	ADJ
fsr-3397	246	17	charitable	charitable	ADJ
fsr-3397	246	18	itemized	itemize	VERB
fsr-3397	246	19	deductions	deduction	NOUN
fsr-3397	246	20	.	.	PUNCT
fsr-3397	247	1	this	this	PRON
fsr-3397	247	2	will	will	AUX
fsr-3397	247	3	result	result	VERB
fsr-3397	247	4	in	in	ADP
fsr-3397	247	5	more	more	ADJ
fsr-3397	247	6	taxpayers	taxpayer	NOUN
fsr-3397	247	7	taking	take	VERB
fsr-3397	247	8	the	the	DET
fsr-3397	247	9	standard	standard	ADJ
fsr-3397	247	10	deduction	deduction	NOUN
fsr-3397	247	11	and	and	CCONJ
fsr-3397	247	12	fewer	few	ADJ
fsr-3397	247	13	itemizing	itemizing	NOUN
fsr-3397	247	14	.	.	PUNCT
fsr-3397	248	1	in	in	ADP
fsr-3397	248	2	addition	addition	NOUN
fsr-3397	248	3	,	,	PUNCT
fsr-3397	248	4	because	because	SCONJ
fsr-3397	248	5	the	the	DET
fsr-3397	248	6	tcja	tcja	NOUN
fsr-3397	248	7	generally	generally	ADV
fsr-3397	248	8	reduced	reduce	VERB
fsr-3397	248	9	marginal	marginal	ADJ
fsr-3397	248	10	tax	tax	NOUN
fsr-3397	248	11	rates	rate	NOUN
fsr-3397	248	12	,	,	PUNCT
fsr-3397	248	13	any	any	DET
fsr-3397	248	14	itemized	itemize	VERB
fsr-3397	248	15	deductions	deduction	NOUN
fsr-3397	248	16	that	that	PRON
fsr-3397	248	17	are	be	AUX
fsr-3397	248	18	taken	take	VERB
fsr-3397	248	19	will	will	AUX
fsr-3397	248	20	result	result	VERB
fsr-3397	248	21	in	in	ADP
fsr-3397	248	22	smaller	small	ADJ
fsr-3397	248	23	tax	tax	NOUN
fsr-3397	248	24	savings	saving	NOUN
fsr-3397	248	25	.	.	PUNCT
fsr-3397	249	1	because	because	SCONJ
fsr-3397	249	2	of	of	ADP
fsr-3397	249	3	these	these	DET
fsr-3397	249	4	factors	factor	NOUN
fsr-3397	249	5	,	,	PUNCT
fsr-3397	249	6	charitable	charitable	ADJ
fsr-3397	249	7	donations	donation	NOUN
fsr-3397	249	8	are	be	AUX
fsr-3397	249	9	likely	likely	ADJ
fsr-3397	249	10	to	to	PART
fsr-3397	249	11	decline	decline	VERB
fsr-3397	249	12	somewhat	somewhat	ADV
fsr-3397	249	13	,	,	PUNCT
fsr-3397	249	14	so	so	SCONJ
fsr-3397	249	15	that	that	SCONJ
fsr-3397	249	16	fewer	few	ADJ
fsr-3397	249	17	individuals	individual	NOUN
fsr-3397	249	18	can	can	AUX
fsr-3397	249	19	enjoy	enjoy	VERB
fsr-3397	249	20	the	the	DET
fsr-3397	249	21	tax	tax	NOUN
fsr-3397	249	22	and	and	CCONJ
fsr-3397	249	23	diversification	diversification	NOUN
fsr-3397	249	24	benefits	benefit	NOUN
fsr-3397	249	25	previously	previously	ADV
fsr-3397	249	26	noted	note	VERB
fsr-3397	249	27	.	.	PUNCT
fsr-3397	250	1	nevertheless	nevertheless	ADV
fsr-3397	250	2	,	,	PUNCT
fsr-3397	250	3	many	many	ADJ
fsr-3397	250	4	people	people	NOUN
fsr-3397	250	5	will	will	AUX
fsr-3397	250	6	continue	continue	VERB
fsr-3397	250	7	to	to	PART
fsr-3397	250	8	donate	donate	VERB
fsr-3397	250	9	to	to	ADP
fsr-3397	250	10	charity	charity	NOUN
fsr-3397	250	11	.	.	PUNCT
fsr-3397	251	1	for	for	ADP
fsr-3397	251	2	example	example	NOUN
fsr-3397	251	3	,	,	PUNCT
fsr-3397	251	4	higher	high	ADJ
fsr-3397	251	5	-	-	PUNCT
fsr-3397	251	6	income	income	NOUN
fsr-3397	251	7	taxpayers	taxpayer	NOUN
fsr-3397	251	8	still	still	ADV
fsr-3397	251	9	have	have	VERB
fsr-3397	251	10	relatively	relatively	ADV
fsr-3397	251	11	high	high	ADJ
fsr-3397	251	12	marginal	marginal	ADJ
fsr-3397	251	13	rates	rate	NOUN
fsr-3397	251	14	and	and	CCONJ
fsr-3397	251	15	may	may	AUX
fsr-3397	251	16	already	already	ADV
fsr-3397	251	17	have	have	VERB
fsr-3397	251	18	enough	enough	ADJ
fsr-3397	251	19	deductible	deductible	ADJ
fsr-3397	251	20	home	home	NOUN
fsr-3397	251	21	mortgage	mortgage	NOUN
fsr-3397	251	22	interest	interest	NOUN
fsr-3397	251	23	and	and	CCONJ
fsr-3397	251	24	property	property	NOUN
fsr-3397	251	25	tax	tax	NOUN
fsr-3397	251	26	payments	payment	NOUN
fsr-3397	251	27	to	to	PART
fsr-3397	251	28	equal	equal	VERB
fsr-3397	251	29	or	or	CCONJ
fsr-3397	251	30	exceed	exceed	VERB
fsr-3397	251	31	the	the	DET
fsr-3397	251	32	standard	standard	ADJ
fsr-3397	251	33	deduction	deduction	NOUN
fsr-3397	251	34	.	.	PUNCT
fsr-3397	252	1	these	these	DET
fsr-3397	252	2	individuals	individual	NOUN
fsr-3397	252	3	still	still	ADV
fsr-3397	252	4	benefit	benefit	VERB
fsr-3397	252	5	from	from	ADP
fsr-3397	252	6	the	the	DET
fsr-3397	252	7	itemized	itemize	VERB
fsr-3397	252	8	charitable	charitable	ADJ
fsr-3397	252	9	deduction	deduction	NOUN
fsr-3397	252	10	.	.	PUNCT
fsr-3397	253	1	many	many	ADJ
fsr-3397	253	2	others	other	NOUN
fsr-3397	253	3	will	will	AUX
fsr-3397	253	4	continue	continue	VERB
fsr-3397	253	5	to	to	PART
fsr-3397	253	6	donate	donate	VERB
fsr-3397	253	7	for	for	ADP
fsr-3397	253	8	philanthropic	philanthropic	NOUN
fsr-3397	253	9	reasons	reason	NOUN
fsr-3397	253	10	irrespective	irrespective	ADV
fsr-3397	253	11	of	of	ADP
fsr-3397	253	12	tax	tax	NOUN
fsr-3397	253	13	incentives	incentive	NOUN
fsr-3397	253	14	.	.	PUNCT
fsr-3397	254	1	burman	burman	NOUN
fsr-3397	254	2	and	and	CCONJ
fsr-3397	254	3	randolph	randolph	PROPN
fsr-3397	254	4	(	(	PUNCT
fsr-3397	254	5	1994	1994	NUM
fsr-3397	254	6	)	)	PUNCT
fsr-3397	254	7	find	find	VERB
fsr-3397	254	8	that	that	SCONJ
fsr-3397	254	9	the	the	DET
fsr-3397	254	10	level	level	NOUN
fsr-3397	254	11	of	of	ADP
fsr-3397	254	12	charitable	charitable	ADJ
fsr-3397	254	13	donations	donation	NOUN
fsr-3397	254	14	is	be	AUX
fsr-3397	254	15	only	only	ADV
fsr-3397	254	16	weakly	weakly	ADV
fsr-3397	254	17	related	related	ADJ
fsr-3397	254	18	to	to	ADP
fsr-3397	254	19	the	the	DET
fsr-3397	254	20	associated	associated	ADJ
fsr-3397	254	21	tax	tax	NOUN
fsr-3397	254	22	savings	saving	NOUN
fsr-3397	254	23	.	.	PUNCT
fsr-3397	255	1	consistent	consistent	ADJ
fsr-3397	255	2	with	with	ADP
fsr-3397	255	3	this	this	DET
fsr-3397	255	4	result	result	NOUN
fsr-3397	255	5	,	,	PUNCT
fsr-3397	255	6	greene	greene	PROPN
fsr-3397	255	7	and	and	CCONJ
fsr-3397	255	8	mcclelland	mcclelland	PROPN
fsr-3397	255	9	(	(	PUNCT
fsr-3397	255	10	2001	2001	NUM
fsr-3397	255	11	)	)	PUNCT
fsr-3397	255	12	report	report	NOUN
fsr-3397	255	13	that	that	SCONJ
fsr-3397	255	14	about	about	ADV
fsr-3397	255	15	60	60	NUM
fsr-3397	255	16	%	%	NOUN
fsr-3397	255	17	of	of	ADP
fsr-3397	255	18	individual	individual	ADJ
fsr-3397	255	19	contributions	contribution	NOUN
fsr-3397	255	20	are	be	AUX
fsr-3397	255	21	to	to	ADP
fsr-3397	255	22	religious	religious	ADJ
fsr-3397	255	23	organizations	organization	NOUN
fsr-3397	255	24	,	,	PUNCT
fsr-3397	255	25	and	and	CCONJ
fsr-3397	255	26	bradley	bradley	PROPN
fsr-3397	255	27	,	,	PUNCT
fsr-3397	255	28	holden	holden	PROPN
fsr-3397	255	29	,	,	PUNCT
fsr-3397	255	30	and	and	CCONJ
fsr-3397	255	31	mcclelland	mcclelland	PROPN
fsr-3397	255	32	(	(	PUNCT
fsr-3397	255	33	2000	2000	NUM
fsr-3397	255	34	)	)	PUNCT
fsr-3397	255	35	find	find	VERB
fsr-3397	255	36	that	that	SCONJ
fsr-3397	255	37	these	these	PRON
fsr-3397	255	38	are	be	AUX
fsr-3397	255	39	much	much	ADV
fsr-3397	255	40	less	less	ADV
fsr-3397	255	41	sensitive	sensitive	ADJ
fsr-3397	255	42	to	to	ADP
fsr-3397	255	43	tax	tax	NOUN
fsr-3397	255	44	rates	rate	NOUN
fsr-3397	255	45	than	than	ADP
fsr-3397	255	46	contributions	contribution	NOUN
fsr-3397	255	47	to	to	ADP
fsr-3397	255	48	other	other	ADJ
fsr-3397	255	49	organizations	organization	NOUN
fsr-3397	255	50	.	.	PUNCT
fsr-3397	256	1	it	it	PRON
fsr-3397	256	2	is	be	AUX
fsr-3397	256	3	important	important	ADJ
fsr-3397	256	4	to	to	PART
fsr-3397	256	5	clarify	clarify	VERB
fsr-3397	256	6	that	that	SCONJ
fsr-3397	256	7	the	the	DET
fsr-3397	256	8	incremental	incremental	ADJ
fsr-3397	256	9	benefits	benefit	NOUN
fsr-3397	256	10	of	of	ADP
fsr-3397	256	11	the	the	DET
fsr-3397	256	12	stock	stock	NOUN
fsr-3397	256	13	donation	donation	NOUN
fsr-3397	256	14	strategy	strategy	NOUN
fsr-3397	256	15	do	do	AUX
fsr-3397	256	16	not	not	PART
fsr-3397	256	17	depend	depend	VERB
fsr-3397	256	18	on	on	ADP
fsr-3397	256	19	the	the	DET
fsr-3397	256	20	ordinary	ordinary	ADJ
fsr-3397	256	21	income	income	NOUN
fsr-3397	256	22	tax	tax	NOUN
fsr-3397	256	23	rate	rate	NOUN
fsr-3397	256	24	,	,	PUNCT
fsr-3397	256	25	or	or	CCONJ
fsr-3397	256	26	even	even	ADV
fsr-3397	256	27	whether	whether	SCONJ
fsr-3397	256	28	the	the	DET
fsr-3397	256	29	charitable	charitable	ADJ
fsr-3397	256	30	deduction	deduction	NOUN
fsr-3397	256	31	can	can	AUX
fsr-3397	256	32	be	be	AUX
fsr-3397	256	33	taken	take	VERB
fsr-3397	256	34	at	at	ADV
fsr-3397	256	35	all	all	ADV
fsr-3397	256	36	.	.	PUNCT
fsr-3397	257	1	while	while	SCONJ
fsr-3397	257	2	these	these	DET
fsr-3397	257	3	factors	factor	NOUN
fsr-3397	257	4	may	may	AUX
fsr-3397	257	5	influence	influence	VERB
fsr-3397	257	6	whether	whether	SCONJ
fsr-3397	257	7	and	and	CCONJ
fsr-3397	257	8	how	how	SCONJ
fsr-3397	257	9	much	much	ADJ
fsr-3397	257	10	people	people	NOUN
fsr-3397	257	11	donate	donate	VERB
fsr-3397	257	12	,	,	PUNCT
fsr-3397	257	13	they	they	PRON
fsr-3397	257	14	do	do	AUX
fsr-3397	257	15	not	not	PART
fsr-3397	257	16	impact	impact	VERB
fsr-3397	257	17	the	the	DET
fsr-3397	257	18	capital	capital	NOUN
fsr-3397	257	19	gains	gain	VERB
fsr-3397	257	20	tax	tax	NOUN
fsr-3397	257	21	savings	saving	NOUN
fsr-3397	257	22	and	and	CCONJ
fsr-3397	257	23	improved	improve	VERB
fsr-3397	257	24	portfolio	portfolio	NOUN
fsr-3397	257	25	diversification	diversification	NOUN
fsr-3397	257	26	from	from	ADP
fsr-3397	257	27	making	make	VERB
fsr-3397	257	28	any	any	DET
fsr-3397	257	29	intended	intend	VERB
fsr-3397	257	30	contributions	contribution	NOUN
fsr-3397	257	31	with	with	ADP
fsr-3397	257	32	stock	stock	NOUN
fsr-3397	257	33	instead	instead	ADV
fsr-3397	257	34	of	of	ADP
fsr-3397	257	35	cash	cash	NOUN
fsr-3397	257	36	.	.	PUNCT
fsr-3397	258	1	however	however	ADV
fsr-3397	258	2	,	,	PUNCT
fsr-3397	258	3	the	the	DET
fsr-3397	258	4	strategy	strategy	NOUN
fsr-3397	258	5	’s	’s	PART
fsr-3397	258	6	value	value	NOUN
fsr-3397	258	7	does	do	AUX
fsr-3397	258	8	depend	depend	VERB
fsr-3397	258	9	on	on	ADP
fsr-3397	258	10	the	the	DET
fsr-3397	258	11	long	long	ADJ
fsr-3397	258	12	-	-	PUNCT
fsr-3397	258	13	term	term	NOUN
fsr-3397	258	14	capital	capital	NOUN
fsr-3397	258	15	gains	gain	NOUN
fsr-3397	258	16	tax	tax	NOUN
fsr-3397	258	17	rate	rate	NOUN
fsr-3397	258	18	.	.	PUNCT
fsr-3397	259	1	while	while	SCONJ
fsr-3397	259	2	the	the	DET
fsr-3397	259	3	tcja	tcja	NOUN
fsr-3397	259	4	did	do	AUX
fsr-3397	259	5	not	not	PART
fsr-3397	259	6	materially	materially	ADV
fsr-3397	259	7	affect	affect	VERB
fsr-3397	259	8	the	the	DET
fsr-3397	259	9	capital	capital	NOUN
fsr-3397	259	10	gains	gain	NOUN
fsr-3397	259	11	rate	rate	NOUN
fsr-3397	259	12	,	,	PUNCT
fsr-3397	259	13	it	it	PRON
fsr-3397	259	14	has	have	AUX
fsr-3397	259	15	been	be	AUX
fsr-3397	259	16	modified	modify	VERB
fsr-3397	259	17	before	before	ADV
fsr-3397	259	18	and	and	CCONJ
fsr-3397	259	19	likely	likely	ADV
fsr-3397	259	20	will	will	AUX
fsr-3397	259	21	be	be	AUX
fsr-3397	259	22	again	again	ADV
fsr-3397	259	23	at	at	ADP
fsr-3397	259	24	some	some	DET
fsr-3397	259	25	point	point	NOUN
fsr-3397	259	26	in	in	ADP
fsr-3397	259	27	the	the	DET
fsr-3397	259	28	future	future	NOUN
fsr-3397	259	29	.	.	PUNCT
fsr-3397	260	1	if	if	SCONJ
fsr-3397	260	2	new	new	ADJ
fsr-3397	260	3	legislation	legislation	NOUN
fsr-3397	260	4	were	be	AUX
fsr-3397	260	5	to	to	PART
fsr-3397	260	6	completely	completely	ADV
fsr-3397	260	7	eliminate	eliminate	VERB
fsr-3397	260	8	preferentially	preferentially	ADV
fsr-3397	260	9	low	low	ADJ
fsr-3397	260	10	rates	rate	NOUN
fsr-3397	260	11	on	on	ADP
fsr-3397	260	12	272	272	NUM
fsr-3397	260	13	j.	j.	PROPN
fsr-3397	260	14	whitworth	whitworth	PROPN
fsr-3397	260	15	/	/	SYM
fsr-3397	260	16	financial	financial	ADJ
fsr-3397	260	17	services	service	NOUN
fsr-3397	260	18	review	review	VERB
fsr-3397	260	19	27	27	NUM
fsr-3397	260	20	(	(	PUNCT
fsr-3397	260	21	2018	2018	NUM
fsr-3397	260	22	)	)	PUNCT
fsr-3397	260	23	257	257	NUM
fsr-3397	260	24	-	-	SYM
fsr-3397	260	25	277	277	NUM
fsr-3397	260	26	long	long	ADJ
fsr-3397	260	27	-	-	PUNCT
fsr-3397	260	28	term	term	NOUN
fsr-3397	260	29	gains	gain	NOUN
fsr-3397	260	30	(	(	PUNCT
fsr-3397	260	31	as	as	SCONJ
fsr-3397	260	32	the	the	DET
fsr-3397	260	33	1986	1986	NUM
fsr-3397	260	34	tax	tax	NOUN
fsr-3397	260	35	reform	reform	NOUN
fsr-3397	260	36	act	act	NOUN
fsr-3397	260	37	did	do	AUX
fsr-3397	260	38	)	)	PUNCT
fsr-3397	260	39	,	,	PUNCT
fsr-3397	260	40	it	it	PRON
fsr-3397	260	41	would	would	AUX
fsr-3397	260	42	negatively	negatively	ADV
fsr-3397	260	43	affect	affect	VERB
fsr-3397	260	44	investors	investor	NOUN
fsr-3397	260	45	’	'	PUNCT
fsr-3397	260	46	terminal	terminal	ADJ
fsr-3397	260	47	wealth	wealth	NOUN
fsr-3397	260	48	,	,	PUNCT
fsr-3397	260	49	but	but	CCONJ
fsr-3397	260	50	it	it	PRON
fsr-3397	260	51	would	would	AUX
fsr-3397	260	52	also	also	ADV
fsr-3397	260	53	increase	increase	VERB
fsr-3397	260	54	the	the	DET
fsr-3397	260	55	value	value	NOUN
fsr-3397	260	56	of	of	ADP
fsr-3397	260	57	the	the	DET
fsr-3397	260	58	charitable	charitable	ADJ
fsr-3397	260	59	donation	donation	NOUN
fsr-3397	260	60	strategy	strategy	NOUN
fsr-3397	260	61	in	in	ADP
fsr-3397	260	62	mitigating	mitigate	VERB
fsr-3397	260	63	the	the	DET
fsr-3397	260	64	impact	impact	NOUN
fsr-3397	260	65	of	of	ADP
fsr-3397	260	66	capital	capital	NOUN
fsr-3397	260	67	gains	gain	NOUN
fsr-3397	260	68	taxes	taxis	NOUN
fsr-3397	260	69	.	.	PUNCT
fsr-3397	261	1	likewise	likewise	ADV
fsr-3397	261	2	,	,	PUNCT
fsr-3397	261	3	if	if	SCONJ
fsr-3397	261	4	capital	capital	NOUN
fsr-3397	261	5	gains	gain	NOUN
fsr-3397	261	6	taxes	taxis	NOUN
fsr-3397	261	7	were	be	AUX
fsr-3397	261	8	reduced	reduce	VERB
fsr-3397	261	9	further	far	ADV
fsr-3397	261	10	,	,	PUNCT
fsr-3397	261	11	it	it	PRON
fsr-3397	261	12	would	would	AUX
fsr-3397	261	13	positively	positively	ADV
fsr-3397	261	14	affect	affect	VERB
fsr-3397	261	15	terminal	terminal	ADJ
fsr-3397	261	16	wealth	wealth	NOUN
fsr-3397	261	17	,	,	PUNCT
fsr-3397	261	18	but	but	CCONJ
fsr-3397	261	19	the	the	DET
fsr-3397	261	20	tax	tax	NOUN
fsr-3397	261	21	savings	saving	NOUN
fsr-3397	261	22	from	from	ADP
fsr-3397	261	23	donating	donate	VERB
fsr-3397	261	24	appreciated	appreciated	ADJ
fsr-3397	261	25	stock	stock	NOUN
fsr-3397	261	26	would	would	AUX
fsr-3397	261	27	be	be	AUX
fsr-3397	261	28	smaller	small	ADJ
fsr-3397	261	29	.	.	PUNCT
fsr-3397	262	1	in	in	ADP
fsr-3397	262	2	2018	2018	NUM
fsr-3397	262	3	,	,	PUNCT
fsr-3397	262	4	some	some	DET
fsr-3397	262	5	policymakers	policymaker	NOUN
fsr-3397	262	6	discussed	discuss	VERB
fsr-3397	262	7	the	the	DET
fsr-3397	262	8	possibility	possibility	NOUN
fsr-3397	262	9	of	of	ADP
fsr-3397	262	10	allowing	allow	VERB
fsr-3397	262	11	investors	investor	NOUN
fsr-3397	262	12	to	to	PART
fsr-3397	262	13	compute	compute	VERB
fsr-3397	262	14	capital	capital	NOUN
fsr-3397	262	15	gains	gain	NOUN
fsr-3397	262	16	relative	relative	ADJ
fsr-3397	262	17	to	to	ADP
fsr-3397	262	18	higher	high	ADJ
fsr-3397	262	19	,	,	PUNCT
fsr-3397	262	20	inflation	inflation	NOUN
fsr-3397	262	21	-	-	PUNCT
fsr-3397	262	22	adjusted	adjust	VERB
fsr-3397	262	23	cost	cost	NOUN
fsr-3397	262	24	bases	basis	NOUN
fsr-3397	262	25	.	.	PUNCT
fsr-3397	263	1	such	such	DET
fsr-3397	263	2	a	a	DET
fsr-3397	263	3	policy	policy	NOUN
fsr-3397	263	4	would	would	AUX
fsr-3397	263	5	have	have	VERB
fsr-3397	263	6	effects	effect	NOUN
fsr-3397	263	7	similar	similar	ADJ
fsr-3397	263	8	to	to	ADP
fsr-3397	263	9	lowering	lower	VERB
fsr-3397	263	10	the	the	DET
fsr-3397	263	11	statutory	statutory	ADJ
fsr-3397	263	12	rate	rate	NOUN
fsr-3397	263	13	,	,	PUNCT
fsr-3397	263	14	especially	especially	ADV
fsr-3397	263	15	for	for	ADP
fsr-3397	263	16	shares	share	NOUN
fsr-3397	263	17	that	that	PRON
fsr-3397	263	18	had	have	AUX
fsr-3397	263	19	been	be	AUX
fsr-3397	263	20	held	hold	VERB
fsr-3397	263	21	longer	long	ADV
fsr-3397	263	22	.	.	PUNCT
fsr-3397	264	1	one	one	NUM
fsr-3397	264	2	provision	provision	NOUN
fsr-3397	264	3	that	that	PRON
fsr-3397	264	4	was	be	AUX
fsr-3397	264	5	considered	consider	VERB
fsr-3397	264	6	but	but	CCONJ
fsr-3397	264	7	not	not	PART
fsr-3397	264	8	included	include	VERB
fsr-3397	264	9	in	in	ADP
fsr-3397	264	10	the	the	DET
fsr-3397	264	11	final	final	ADJ
fsr-3397	264	12	tcja	tcja	NOUN
fsr-3397	264	13	bill	bill	NOUN
fsr-3397	264	14	would	would	AUX
fsr-3397	264	15	have	have	AUX
fsr-3397	264	16	required	require	VERB
fsr-3397	264	17	investors	investor	NOUN
fsr-3397	264	18	who	who	PRON
fsr-3397	264	19	own	own	VERB
fsr-3397	264	20	multiple	multiple	ADJ
fsr-3397	264	21	lots	lot	NOUN
fsr-3397	264	22	of	of	ADP
fsr-3397	264	23	a	a	DET
fsr-3397	264	24	stock	stock	NOUN
fsr-3397	264	25	to	to	PART
fsr-3397	264	26	use	use	VERB
fsr-3397	264	27	a	a	DET
fsr-3397	264	28	“	"	PUNCT
fsr-3397	264	29	first	first	ADJ
fsr-3397	264	30	-	-	PUNCT
fsr-3397	264	31	in	in	NOUN
fsr-3397	264	32	,	,	PUNCT
fsr-3397	264	33	first	first	ADJ
fsr-3397	264	34	-	-	PUNCT
fsr-3397	264	35	out	out	NOUN
fsr-3397	264	36	”	"	PUNCT
fsr-3397	264	37	(	(	PUNCT
fsr-3397	264	38	fifo	fifo	ADJ
fsr-3397	264	39	)	)	PUNCT
fsr-3397	264	40	method	method	NOUN
fsr-3397	264	41	when	when	SCONJ
fsr-3397	264	42	disposing	dispose	VERB
fsr-3397	264	43	of	of	ADP
fsr-3397	264	44	shares	share	NOUN
fsr-3397	264	45	,	,	PUNCT
fsr-3397	264	46	thereby	thereby	ADV
fsr-3397	264	47	eliminating	eliminate	VERB
fsr-3397	264	48	the	the	DET
fsr-3397	264	49	ability	ability	NOUN
fsr-3397	264	50	to	to	PART
fsr-3397	264	51	specifically	specifically	ADV
fsr-3397	264	52	identify	identify	VERB
fsr-3397	264	53	which	which	DET
fsr-3397	264	54	lot(s	lot(s	PROPN
fsr-3397	264	55	)	)	PUNCT
fsr-3397	264	56	they	they	PRON
fsr-3397	264	57	wish	wish	VERB
fsr-3397	264	58	to	to	PART
fsr-3397	264	59	sell	sell	VERB
fsr-3397	264	60	or	or	CCONJ
fsr-3397	264	61	donate	donate	VERB
fsr-3397	264	62	.	.	PUNCT
fsr-3397	265	1	requiring	require	VERB
fsr-3397	265	2	investors	investor	NOUN
fsr-3397	265	3	to	to	PART
fsr-3397	265	4	sell	sell	VERB
fsr-3397	265	5	older	old	ADJ
fsr-3397	265	6	(	(	PUNCT
fsr-3397	265	7	usually	usually	ADV
fsr-3397	265	8	lowerbasis	lowerbasis	NOUN
fsr-3397	265	9	)	)	PUNCT
fsr-3397	265	10	lots	lot	NOUN
fsr-3397	265	11	first	first	ADV
fsr-3397	265	12	would	would	AUX
fsr-3397	265	13	generally	generally	ADV
fsr-3397	265	14	increase	increase	VERB
fsr-3397	265	15	their	their	PRON
fsr-3397	265	16	taxes	taxis	NOUN
fsr-3397	265	17	,	,	PUNCT
fsr-3397	265	18	but	but	CCONJ
fsr-3397	265	19	charitable	charitable	ADJ
fsr-3397	265	20	donors	donor	NOUN
fsr-3397	265	21	would	would	AUX
fsr-3397	265	22	be	be	AUX
fsr-3397	265	23	especially	especially	ADV
fsr-3397	265	24	well	well	ADV
fsr-3397	265	25	-	-	PUNCT
fsr-3397	265	26	positioned	position	VERB
fsr-3397	265	27	to	to	PART
fsr-3397	265	28	mitigate	mitigate	VERB
fsr-3397	265	29	the	the	DET
fsr-3397	265	30	negative	negative	ADJ
fsr-3397	265	31	effects	effect	NOUN
fsr-3397	265	32	on	on	ADP
fsr-3397	265	33	their	their	PRON
fsr-3397	265	34	portfolios	portfolio	NOUN
fsr-3397	265	35	by	by	ADP
fsr-3397	265	36	first	first	ADJ
fsr-3397	265	37	donating	donate	VERB
fsr-3397	265	38	shares	share	NOUN
fsr-3397	265	39	from	from	ADP
fsr-3397	265	40	the	the	DET
fsr-3397	265	41	older	old	ADJ
fsr-3397	265	42	,	,	PUNCT
fsr-3397	265	43	low	low	ADJ
fsr-3397	265	44	-	-	PUNCT
fsr-3397	265	45	basis	basis	NOUN
fsr-3397	265	46	lots	lot	NOUN
fsr-3397	265	47	,	,	PUNCT
fsr-3397	265	48	so	so	SCONJ
fsr-3397	265	49	that	that	SCONJ
fsr-3397	265	50	any	any	DET
fsr-3397	265	51	subsequent	subsequent	ADJ
fsr-3397	265	52	stock	stock	NOUN
fsr-3397	265	53	sales	sale	NOUN
fsr-3397	265	54	could	could	AUX
fsr-3397	265	55	be	be	AUX
fsr-3397	265	56	from	from	ADP
fsr-3397	265	57	higher	high	ADJ
fsr-3397	265	58	-	-	PUNCT
fsr-3397	265	59	basis	basis	NOUN
fsr-3397	265	60	lots	lot	NOUN
fsr-3397	265	61	.	.	PUNCT
fsr-3397	266	1	5	5	X
fsr-3397	266	2	.	.	X
fsr-3397	266	3	conclusion	conclusion	NOUN
fsr-3397	266	4	and	and	CCONJ
fsr-3397	266	5	implications	implication	NOUN
fsr-3397	266	6	for	for	ADP
fsr-3397	266	7	financial	financial	ADJ
fsr-3397	266	8	planning	planning	NOUN
fsr-3397	266	9	the	the	DET
fsr-3397	266	10	results	result	NOUN
fsr-3397	266	11	of	of	ADP
fsr-3397	266	12	this	this	DET
fsr-3397	266	13	paper	paper	NOUN
fsr-3397	266	14	strongly	strongly	ADV
fsr-3397	266	15	suggest	suggest	VERB
fsr-3397	266	16	that	that	SCONJ
fsr-3397	266	17	a	a	DET
fsr-3397	266	18	stock	stock	NOUN
fsr-3397	266	19	investor	investor	NOUN
fsr-3397	266	20	who	who	PRON
fsr-3397	266	21	regularly	regularly	ADV
fsr-3397	266	22	contributes	contribute	VERB
fsr-3397	266	23	to	to	ADP
fsr-3397	266	24	charity	charity	NOUN
fsr-3397	266	25	should	should	AUX
fsr-3397	266	26	donate	donate	VERB
fsr-3397	266	27	appreciated	appreciated	ADJ
fsr-3397	266	28	shares	share	NOUN
fsr-3397	266	29	from	from	ADP
fsr-3397	266	30	his	his	PRON
fsr-3397	266	31	portfolio	portfolio	NOUN
fsr-3397	266	32	that	that	PRON
fsr-3397	266	33	are	be	AUX
fsr-3397	266	34	equal	equal	ADJ
fsr-3397	266	35	in	in	ADP
fsr-3397	266	36	value	value	NOUN
fsr-3397	266	37	to	to	ADP
fsr-3397	266	38	whatever	whatever	DET
fsr-3397	266	39	cash	cash	NOUN
fsr-3397	266	40	donation	donation	NOUN
fsr-3397	266	41	he	he	PRON
fsr-3397	266	42	was	be	AUX
fsr-3397	266	43	willing	willing	ADJ
fsr-3397	266	44	to	to	PART
fsr-3397	266	45	make	make	VERB
fsr-3397	266	46	,	,	PUNCT
fsr-3397	266	47	and	and	CCONJ
fsr-3397	266	48	then	then	ADV
fsr-3397	266	49	use	use	VERB
fsr-3397	266	50	the	the	DET
fsr-3397	266	51	freed	free	VERB
fsr-3397	266	52	-	-	PUNCT
fsr-3397	266	53	up	up	ADP
fsr-3397	266	54	cash	cash	NOUN
fsr-3397	266	55	to	to	PART
fsr-3397	266	56	purchase	purchase	VERB
fsr-3397	266	57	more	more	ADJ
fsr-3397	266	58	of	of	ADP
fsr-3397	266	59	the	the	DET
fsr-3397	266	60	least	least	ADV
fsr-3397	266	61	-	-	PUNCT
fsr-3397	266	62	weighted	weight	VERB
fsr-3397	266	63	stocks	stock	NOUN
fsr-3397	266	64	in	in	ADP
fsr-3397	266	65	the	the	DET
fsr-3397	266	66	portfolio	portfolio	NOUN
fsr-3397	266	67	.	.	PUNCT
fsr-3397	267	1	the	the	DET
fsr-3397	267	2	donated	donate	VERB
fsr-3397	267	3	shares	share	NOUN
fsr-3397	267	4	must	must	AUX
fsr-3397	267	5	have	have	AUX
fsr-3397	267	6	been	be	AUX
fsr-3397	267	7	held	hold	VERB
fsr-3397	267	8	for	for	ADP
fsr-3397	267	9	more	more	ADJ
fsr-3397	267	10	than	than	ADP
fsr-3397	267	11	a	a	PRON
fsr-3397	267	12	year	year	NOUN
fsr-3397	267	13	and	and	CCONJ
fsr-3397	267	14	should	should	AUX
fsr-3397	267	15	be	be	AUX
fsr-3397	267	16	the	the	DET
fsr-3397	267	17	investor	investor	NOUN
fsr-3397	267	18	’s	’s	PART
fsr-3397	267	19	most	most	ADV
fsr-3397	267	20	appreciated	appreciated	ADJ
fsr-3397	267	21	stocks	stock	NOUN
fsr-3397	267	22	.	.	PUNCT
fsr-3397	268	1	there	there	PRON
fsr-3397	268	2	is	be	VERB
fsr-3397	268	3	no	no	DET
fsr-3397	268	4	disadvantage	disadvantage	NOUN
fsr-3397	268	5	to	to	ADP
fsr-3397	268	6	the	the	DET
fsr-3397	268	7	charity	charity	NOUN
fsr-3397	268	8	or	or	CCONJ
fsr-3397	268	9	to	to	ADP
fsr-3397	268	10	the	the	DET
fsr-3397	268	11	donor	donor	NOUN
fsr-3397	268	12	-	-	PUNCT
fsr-3397	268	13	investor	investor	NOUN
fsr-3397	268	14	,	,	PUNCT
fsr-3397	268	15	but	but	CCONJ
fsr-3397	268	16	there	there	PRON
fsr-3397	268	17	are	be	VERB
fsr-3397	268	18	two	two	NUM
fsr-3397	268	19	significant	significant	ADJ
fsr-3397	268	20	advantages	advantage	NOUN
fsr-3397	268	21	.	.	PUNCT
fsr-3397	269	1	first	first	ADV
fsr-3397	269	2	,	,	PUNCT
fsr-3397	269	3	this	this	PRON
fsr-3397	269	4	increases	increase	VERB
fsr-3397	269	5	after	after	ADP
fsr-3397	269	6	-	-	PUNCT
fsr-3397	269	7	tax	tax	NOUN
fsr-3397	269	8	returns	return	NOUN
fsr-3397	269	9	by	by	ADP
fsr-3397	269	10	allowing	allow	VERB
fsr-3397	269	11	the	the	DET
fsr-3397	269	12	investor	investor	NOUN
fsr-3397	269	13	to	to	PART
fsr-3397	269	14	escape	escape	VERB
fsr-3397	269	15	capital	capital	NOUN
fsr-3397	269	16	gains	gain	NOUN
fsr-3397	269	17	taxes	taxis	NOUN
fsr-3397	269	18	on	on	ADP
fsr-3397	269	19	the	the	DET
fsr-3397	269	20	biggest	big	ADJ
fsr-3397	269	21	winners	winner	NOUN
fsr-3397	269	22	in	in	ADP
fsr-3397	269	23	the	the	DET
fsr-3397	269	24	portfolio	portfolio	NOUN
fsr-3397	269	25	.	.	PUNCT
fsr-3397	270	1	second	second	ADV
fsr-3397	270	2	,	,	PUNCT
fsr-3397	270	3	regularly	regularly	ADV
fsr-3397	270	4	donating	donate	VERB
fsr-3397	270	5	the	the	DET
fsr-3397	270	6	most	most	ADV
fsr-3397	270	7	appreciated	appreciated	ADJ
fsr-3397	270	8	stocks	stock	NOUN
fsr-3397	270	9	and	and	CCONJ
fsr-3397	270	10	reallocating	reallocate	VERB
fsr-3397	270	11	funds	fund	NOUN
fsr-3397	270	12	to	to	ADP
fsr-3397	270	13	lesser	lesser	ADV
fsr-3397	270	14	-	-	PUNCT
fsr-3397	270	15	weighted	weight	VERB
fsr-3397	270	16	stocks	stock	NOUN
fsr-3397	270	17	counteracts	counteract	VERB
fsr-3397	270	18	the	the	DET
fsr-3397	270	19	portfolio	portfolio	NOUN
fsr-3397	270	20	’s	’s	PART
fsr-3397	270	21	tendency	tendency	NOUN
fsr-3397	270	22	to	to	PART
fsr-3397	270	23	become	become	VERB
fsr-3397	270	24	increasingly	increasingly	ADV
fsr-3397	270	25	concentrated	concentrate	VERB
fsr-3397	270	26	over	over	ADP
fsr-3397	270	27	time	time	NOUN
fsr-3397	270	28	.	.	PUNCT
fsr-3397	271	1	this	this	DET
fsr-3397	271	2	improvement	improvement	NOUN
fsr-3397	271	3	in	in	ADP
fsr-3397	271	4	diversification	diversification	NOUN
fsr-3397	271	5	not	not	PART
fsr-3397	271	6	only	only	ADV
fsr-3397	271	7	reduces	reduce	VERB
fsr-3397	271	8	risk	risk	NOUN
fsr-3397	271	9	—	—	PUNCT
fsr-3397	271	10	as	as	SCONJ
fsr-3397	271	11	evidenced	evidence	VERB
fsr-3397	271	12	by	by	ADP
fsr-3397	271	13	a	a	DET
fsr-3397	271	14	lower	low	ADJ
fsr-3397	271	15	standard	standard	ADJ
fsr-3397	271	16	deviation	deviation	NOUN
fsr-3397	271	17	of	of	ADP
fsr-3397	271	18	terminal	terminal	ADJ
fsr-3397	271	19	wealth	wealth	NOUN
fsr-3397	271	20	and	and	CCONJ
fsr-3397	271	21	a	a	DET
fsr-3397	271	22	reduced	reduce	VERB
fsr-3397	271	23	probability	probability	NOUN
fsr-3397	271	24	of	of	ADP
fsr-3397	271	25	losing	lose	VERB
fsr-3397	271	26	money	money	NOUN
fsr-3397	271	27	over	over	ADP
fsr-3397	271	28	the	the	DET
fsr-3397	271	29	investment	investment	NOUN
fsr-3397	271	30	horizon	horizon	NOUN
fsr-3397	271	31	—	—	PUNCT
fsr-3397	271	32	but	but	CCONJ
fsr-3397	271	33	also	also	ADV
fsr-3397	271	34	creates	create	VERB
fsr-3397	271	35	a	a	DET
fsr-3397	271	36	substantial	substantial	ADJ
fsr-3397	271	37	“	"	PUNCT
fsr-3397	271	38	diversification	diversification	NOUN
fsr-3397	271	39	return	return	NOUN
fsr-3397	271	40	.	.	PUNCT
fsr-3397	271	41	”	"	PUNCT
fsr-3397	272	1	the	the	DET
fsr-3397	272	2	combined	combine	VERB
fsr-3397	272	3	wealth	wealth	NOUN
fsr-3397	272	4	increase	increase	NOUN
fsr-3397	272	5	from	from	ADP
fsr-3397	272	6	the	the	DET
fsr-3397	272	7	tax	tax	NOUN
fsr-3397	272	8	savings	saving	NOUN
fsr-3397	272	9	and	and	CCONJ
fsr-3397	272	10	improved	improved	ADJ
fsr-3397	272	11	diversification	diversification	NOUN
fsr-3397	272	12	is	be	AUX
fsr-3397	272	13	not	not	PART
fsr-3397	272	14	trivial	trivial	ADJ
fsr-3397	272	15	.	.	PUNCT
fsr-3397	273	1	depending	depend	VERB
fsr-3397	273	2	on	on	ADP
fsr-3397	273	3	the	the	DET
fsr-3397	273	4	amount	amount	NOUN
fsr-3397	273	5	donated	donate	VERB
fsr-3397	273	6	and	and	CCONJ
fsr-3397	273	7	the	the	DET
fsr-3397	273	8	time	time	NOUN
fsr-3397	273	9	horizon	horizon	PROPN
fsr-3397	273	10	,	,	PUNCT
fsr-3397	273	11	the	the	DET
fsr-3397	273	12	investor	investor	NOUN
fsr-3397	273	13	can	can	AUX
fsr-3397	273	14	realistically	realistically	ADV
fsr-3397	273	15	end	end	VERB
fsr-3397	273	16	up	up	ADP
fsr-3397	273	17	with	with	ADP
fsr-3397	273	18	more	more	ADJ
fsr-3397	273	19	than	than	ADP
fsr-3397	273	20	double	double	DET
fsr-3397	273	21	the	the	DET
fsr-3397	273	22	portfolio	portfolio	NOUN
fsr-3397	273	23	value	value	NOUN
fsr-3397	273	24	of	of	ADP
fsr-3397	273	25	someone	someone	PRON
fsr-3397	273	26	who	who	PRON
fsr-3397	273	27	holds	hold	VERB
fsr-3397	273	28	the	the	DET
fsr-3397	273	29	same	same	ADJ
fsr-3397	273	30	stocks	stock	NOUN
fsr-3397	273	31	but	but	CCONJ
fsr-3397	273	32	donates	donate	VERB
fsr-3397	273	33	only	only	ADV
fsr-3397	273	34	in	in	ADP
fsr-3397	273	35	cash	cash	NOUN
fsr-3397	273	36	.	.	PUNCT
fsr-3397	274	1	financial	financial	ADJ
fsr-3397	274	2	planners	planner	NOUN
fsr-3397	274	3	certainly	certainly	ADV
fsr-3397	274	4	should	should	AUX
fsr-3397	274	5	ensure	ensure	VERB
fsr-3397	274	6	that	that	SCONJ
fsr-3397	274	7	their	their	PRON
fsr-3397	274	8	more	more	ADJ
fsr-3397	274	9	philanthropic	philanthropic	NOUN
fsr-3397	274	10	clients	client	NOUN
fsr-3397	274	11	understand	understand	VERB
fsr-3397	274	12	why	why	SCONJ
fsr-3397	274	13	donating	donate	VERB
fsr-3397	274	14	appreciated	appreciated	ADJ
fsr-3397	274	15	stock	stock	NOUN
fsr-3397	274	16	is	be	AUX
fsr-3397	274	17	better	well	ADJ
fsr-3397	274	18	than	than	ADP
fsr-3397	274	19	donating	donate	VERB
fsr-3397	274	20	cash	cash	NOUN
fsr-3397	274	21	.	.	PUNCT
fsr-3397	275	1	however	however	ADV
fsr-3397	275	2	,	,	PUNCT
fsr-3397	275	3	charitable	charitable	ADJ
fsr-3397	275	4	organizations	organization	NOUN
fsr-3397	275	5	may	may	AUX
fsr-3397	275	6	also	also	ADV
fsr-3397	275	7	wish	wish	VERB
fsr-3397	275	8	to	to	PART
fsr-3397	275	9	suggest	suggest	VERB
fsr-3397	275	10	this	this	DET
fsr-3397	275	11	method	method	NOUN
fsr-3397	275	12	to	to	ADP
fsr-3397	275	13	their	their	PRON
fsr-3397	275	14	contributors	contributor	NOUN
fsr-3397	275	15	.	.	PUNCT
fsr-3397	276	1	because	because	SCONJ
fsr-3397	276	2	some	some	DET
fsr-3397	276	3	donors	donor	NOUN
fsr-3397	276	4	likely	likely	ADV
fsr-3397	276	5	make	make	VERB
fsr-3397	276	6	decisions	decision	NOUN
fsr-3397	276	7	based	base	VERB
fsr-3397	276	8	on	on	ADP
fsr-3397	276	9	a	a	DET
fsr-3397	276	10	gift	gift	NOUN
fsr-3397	276	11	’s	’s	PART
fsr-3397	276	12	after	after	ADP
fsr-3397	276	13	-	-	PUNCT
fsr-3397	276	14	tax	tax	NOUN
fsr-3397	276	15	cost	cost	NOUN
fsr-3397	276	16	,	,	PUNCT
fsr-3397	276	17	it	it	PRON
fsr-3397	276	18	is	be	AUX
fsr-3397	276	19	possible	possible	ADJ
fsr-3397	276	20	that	that	SCONJ
fsr-3397	276	21	they	they	PRON
fsr-3397	276	22	might	might	AUX
fsr-3397	276	23	choose	choose	VERB
fsr-3397	276	24	to	to	PART
fsr-3397	276	25	donate	donate	VERB
fsr-3397	276	26	more	more	ADJ
fsr-3397	276	27	when	when	SCONJ
fsr-3397	276	28	made	make	VERB
fsr-3397	276	29	aware	aware	ADJ
fsr-3397	276	30	of	of	ADP
fsr-3397	276	31	the	the	DET
fsr-3397	276	32	additional	additional	ADJ
fsr-3397	276	33	tax	tax	NOUN
fsr-3397	276	34	savings	saving	NOUN
fsr-3397	276	35	.	.	PUNCT
fsr-3397	277	1	investors	investor	NOUN
fsr-3397	277	2	who	who	PRON
fsr-3397	277	3	donate	donate	VERB
fsr-3397	277	4	appreciated	appreciated	ADJ
fsr-3397	277	5	stock	stock	NOUN
fsr-3397	277	6	can	can	AUX
fsr-3397	277	7	and	and	CCONJ
fsr-3397	277	8	should	should	AUX
fsr-3397	277	9	still	still	ADV
fsr-3397	277	10	use	use	VERB
fsr-3397	277	11	other	other	ADJ
fsr-3397	277	12	known	know	VERB
fsr-3397	277	13	tax	tax	NOUN
fsr-3397	277	14	-	-	PUNCT
fsr-3397	277	15	efficient	efficient	ADJ
fsr-3397	277	16	strategies	strategy	NOUN
fsr-3397	277	17	.	.	PUNCT
fsr-3397	278	1	for	for	ADP
fsr-3397	278	2	example	example	NOUN
fsr-3397	278	3	,	,	PUNCT
fsr-3397	278	4	harvesting	harvesting	NOUN
fsr-3397	278	5	losses	loss	NOUN
fsr-3397	278	6	is	be	AUX
fsr-3397	278	7	still	still	ADV
fsr-3397	278	8	beneficial	beneficial	ADJ
fsr-3397	278	9	,	,	PUNCT
fsr-3397	278	10	because	because	SCONJ
fsr-3397	278	11	the	the	DET
fsr-3397	278	12	accrued	accrue	VERB
fsr-3397	278	13	gain	gain	NOUN
fsr-3397	278	14	on	on	ADP
fsr-3397	278	15	a	a	DET
fsr-3397	278	16	donated	donate	VERB
fsr-3397	278	17	stock	stock	NOUN
fsr-3397	278	18	is	be	AUX
fsr-3397	278	19	never	never	ADV
fsr-3397	278	20	realized	realize	VERB
fsr-3397	278	21	for	for	ADP
fsr-3397	278	22	tax	tax	NOUN
fsr-3397	278	23	purposes	purpose	NOUN
fsr-3397	278	24	and	and	CCONJ
fsr-3397	278	25	therefore	therefore	ADV
fsr-3397	278	26	does	do	AUX
fsr-3397	278	27	not	not	PART
fsr-3397	278	28	reduce	reduce	VERB
fsr-3397	278	29	the	the	DET
fsr-3397	278	30	investor	investor	NOUN
fsr-3397	278	31	’s	’s	PART
fsr-3397	278	32	273j	273j	NUM
fsr-3397	278	33	.	.	PUNCT
fsr-3397	279	1	whitworth	whitworth	PROPN
fsr-3397	279	2	/	/	SYM
fsr-3397	279	3	financial	financial	ADJ
fsr-3397	279	4	services	service	NOUN
fsr-3397	279	5	review	review	VERB
fsr-3397	279	6	27	27	NUM
fsr-3397	279	7	(	(	PUNCT
fsr-3397	279	8	2018	2018	NUM
fsr-3397	279	9	)	)	PUNCT
fsr-3397	279	10	257	257	NUM
fsr-3397	279	11	-	-	SYM
fsr-3397	279	12	277	277	NUM
fsr-3397	279	13	capital	capital	NOUN
fsr-3397	279	14	loss	loss	NOUN
fsr-3397	279	15	deduction	deduction	NOUN
fsr-3397	279	16	.	.	PUNCT
fsr-3397	280	1	in	in	ADP
fsr-3397	280	2	addition	addition	NOUN
fsr-3397	280	3	,	,	PUNCT
fsr-3397	280	4	investors	investor	NOUN
fsr-3397	280	5	should	should	AUX
fsr-3397	280	6	still	still	ADV
fsr-3397	280	7	,	,	PUNCT
fsr-3397	280	8	if	if	SCONJ
fsr-3397	280	9	possible	possible	ADJ
fsr-3397	280	10	,	,	PUNCT
fsr-3397	280	11	recognize	recognize	VERB
fsr-3397	280	12	enough	enough	ADJ
fsr-3397	280	13	gains	gain	NOUN
fsr-3397	280	14	from	from	ADP
fsr-3397	280	15	the	the	DET
fsr-3397	280	16	most	most	ADV
fsr-3397	280	17	heavily	heavily	ADV
fsr-3397	280	18	weighted	weight	VERB
fsr-3397	280	19	stocks	stock	NOUN
fsr-3397	280	20	in	in	ADP
fsr-3397	280	21	the	the	DET
fsr-3397	280	22	portfolio	portfolio	NOUN
fsr-3397	280	23	to	to	PART
fsr-3397	280	24	offset	offset	VERB
fsr-3397	280	25	any	any	DET
fsr-3397	280	26	losses	loss	NOUN
fsr-3397	280	27	in	in	ADP
fsr-3397	280	28	excess	excess	NOUN
fsr-3397	280	29	of	of	ADP
fsr-3397	280	30	the	the	DET
fsr-3397	280	31	$	$	SYM
fsr-3397	280	32	3,000	3,000	NUM
fsr-3397	280	33	that	that	PRON
fsr-3397	280	34	can	can	AUX
fsr-3397	280	35	be	be	AUX
fsr-3397	280	36	deducted	deduct	VERB
fsr-3397	280	37	against	against	ADP
fsr-3397	280	38	ordinary	ordinary	ADJ
fsr-3397	280	39	income	income	NOUN
fsr-3397	280	40	in	in	ADP
fsr-3397	280	41	a	a	DET
fsr-3397	280	42	year	year	NOUN
fsr-3397	280	43	.	.	PUNCT
fsr-3397	281	1	this	this	PRON
fsr-3397	281	2	helps	help	VERB
fsr-3397	281	3	further	further	ADJ
fsr-3397	281	4	rebalance	rebalance	VERB
fsr-3397	281	5	the	the	DET
fsr-3397	281	6	portfolio	portfolio	NOUN
fsr-3397	281	7	,	,	PUNCT
fsr-3397	281	8	reducing	reduce	VERB
fsr-3397	281	9	risk	risk	NOUN
fsr-3397	281	10	and	and	CCONJ
fsr-3397	281	11	increasing	increase	VERB
fsr-3397	281	12	its	its	PRON
fsr-3397	281	13	long	long	ADJ
fsr-3397	281	14	-	-	PUNCT
fsr-3397	281	15	term	term	NOUN
fsr-3397	281	16	realized	realize	VERB
fsr-3397	281	17	return	return	NOUN
fsr-3397	281	18	.	.	PUNCT
fsr-3397	282	1	at	at	ADP
fsr-3397	282	2	times	time	NOUN
fsr-3397	282	3	,	,	PUNCT
fsr-3397	282	4	real	real	ADJ
fsr-3397	282	5	-	-	PUNCT
fsr-3397	282	6	world	world	NOUN
fsr-3397	282	7	constraints	constraint	NOUN
fsr-3397	282	8	may	may	AUX
fsr-3397	282	9	limit	limit	VERB
fsr-3397	282	10	investors	investor	NOUN
fsr-3397	282	11	’	’	PART
fsr-3397	282	12	ability	ability	NOUN
fsr-3397	282	13	to	to	PART
fsr-3397	282	14	fully	fully	ADV
fsr-3397	282	15	implement	implement	VERB
fsr-3397	282	16	the	the	DET
fsr-3397	282	17	above	above	ADJ
fsr-3397	282	18	recommendations	recommendation	NOUN
fsr-3397	282	19	.	.	PUNCT
fsr-3397	283	1	for	for	ADP
fsr-3397	283	2	example	example	NOUN
fsr-3397	283	3	,	,	PUNCT
fsr-3397	283	4	portfolio	portfolio	NOUN
fsr-3397	283	5	managers	manager	NOUN
fsr-3397	283	6	who	who	PRON
fsr-3397	283	7	are	be	AUX
fsr-3397	283	8	concerned	concern	VERB
fsr-3397	283	9	with	with	ADP
fsr-3397	283	10	tracking	track	VERB
fsr-3397	283	11	error	error	NOUN
fsr-3397	283	12	relative	relative	ADJ
fsr-3397	283	13	to	to	ADP
fsr-3397	283	14	a	a	DET
fsr-3397	283	15	value	value	NOUN
fsr-3397	283	16	-	-	PUNCT
fsr-3397	283	17	weighted	weight	VERB
fsr-3397	283	18	index	index	NOUN
fsr-3397	283	19	may	may	AUX
fsr-3397	283	20	not	not	PART
fsr-3397	283	21	be	be	AUX
fsr-3397	283	22	able	able	ADJ
fsr-3397	283	23	to	to	PART
fsr-3397	283	24	sell	sell	VERB
fsr-3397	283	25	or	or	CCONJ
fsr-3397	283	26	donate	donate	VERB
fsr-3397	283	27	as	as	ADV
fsr-3397	283	28	much	much	ADJ
fsr-3397	283	29	of	of	ADP
fsr-3397	283	30	a	a	DET
fsr-3397	283	31	stock	stock	NOUN
fsr-3397	283	32	as	as	SCONJ
fsr-3397	283	33	would	would	AUX
fsr-3397	283	34	be	be	AUX
fsr-3397	283	35	optimal	optimal	ADJ
fsr-3397	283	36	,	,	PUNCT
fsr-3397	283	37	if	if	SCONJ
fsr-3397	283	38	that	that	DET
fsr-3397	283	39	stock	stock	NOUN
fsr-3397	283	40	is	be	AUX
fsr-3397	283	41	weighted	weight	VERB
fsr-3397	283	42	heavily	heavily	ADV
fsr-3397	283	43	in	in	ADP
fsr-3397	283	44	the	the	DET
fsr-3397	283	45	index	index	NOUN
fsr-3397	283	46	.	.	PUNCT
fsr-3397	284	1	nevertheless	nevertheless	ADV
fsr-3397	284	2	,	,	PUNCT
fsr-3397	284	3	the	the	DET
fsr-3397	284	4	risk	risk	NOUN
fsr-3397	284	5	and	and	CCONJ
fsr-3397	284	6	return	return	NOUN
fsr-3397	284	7	of	of	ADP
fsr-3397	284	8	such	such	ADJ
fsr-3397	284	9	portfolios	portfolio	NOUN
fsr-3397	284	10	can	can	AUX
fsr-3397	284	11	still	still	ADV
fsr-3397	284	12	be	be	AUX
fsr-3397	284	13	improved	improve	VERB
fsr-3397	284	14	by	by	ADP
fsr-3397	284	15	implementing	implement	VERB
fsr-3397	284	16	tax	tax	NOUN
fsr-3397	284	17	-	-	PUNCT
fsr-3397	284	18	efficient	efficient	ADJ
fsr-3397	284	19	strategies	strategy	NOUN
fsr-3397	284	20	to	to	ADP
fsr-3397	284	21	the	the	DET
fsr-3397	284	22	extent	extent	NOUN
fsr-3397	284	23	permitted	permit	VERB
fsr-3397	284	24	.	.	PUNCT
fsr-3397	285	1	of	of	ADP
fsr-3397	285	2	course	course	NOUN
fsr-3397	285	3	,	,	PUNCT
fsr-3397	285	4	some	some	DET
fsr-3397	285	5	real	real	ADJ
fsr-3397	285	6	-	-	PUNCT
fsr-3397	285	7	world	world	NOUN
fsr-3397	285	8	investors	investor	NOUN
fsr-3397	285	9	may	may	AUX
fsr-3397	285	10	be	be	AUX
fsr-3397	285	11	able	able	ADJ
fsr-3397	285	12	to	to	PART
fsr-3397	285	13	exploit	exploit	VERB
fsr-3397	285	14	the	the	DET
fsr-3397	285	15	asymmetric	asymmetric	ADJ
fsr-3397	285	16	tax	tax	NOUN
fsr-3397	285	17	treatment	treatment	NOUN
fsr-3397	285	18	of	of	ADP
fsr-3397	285	19	gains	gain	NOUN
fsr-3397	285	20	and	and	CCONJ
fsr-3397	285	21	losses	loss	NOUN
fsr-3397	285	22	even	even	ADV
fsr-3397	285	23	more	more	ADV
fsr-3397	285	24	effectively	effectively	ADV
fsr-3397	285	25	—	—	PUNCT
fsr-3397	285	26	for	for	ADP
fsr-3397	285	27	example	example	NOUN
fsr-3397	285	28	,	,	PUNCT
fsr-3397	285	29	by	by	ADP
fsr-3397	285	30	purchasing	purchase	VERB
fsr-3397	285	31	securities	security	NOUN
fsr-3397	285	32	whose	whose	DET
fsr-3397	285	33	returns	return	NOUN
fsr-3397	285	34	are	be	AUX
fsr-3397	285	35	negatively	negatively	ADV
fsr-3397	285	36	correlated	correlate	VERB
fsr-3397	285	37	with	with	ADP
fsr-3397	285	38	each	each	DET
fsr-3397	285	39	other	other	ADJ
fsr-3397	285	40	,	,	PUNCT
fsr-3397	285	41	effectively	effectively	ADV
fsr-3397	285	42	ensuring	ensure	VERB
fsr-3397	285	43	that	that	SCONJ
fsr-3397	285	44	he	he	PRON
fsr-3397	285	45	or	or	CCONJ
fsr-3397	285	46	she	she	PRON
fsr-3397	285	47	will	will	AUX
fsr-3397	285	48	be	be	AUX
fsr-3397	285	49	able	able	ADJ
fsr-3397	285	50	to	to	PART
fsr-3397	285	51	make	make	VERB
fsr-3397	285	52	donations	donation	NOUN
fsr-3397	285	53	from	from	ADP
fsr-3397	285	54	whichever	whichever	DET
fsr-3397	285	55	shares	share	NOUN
fsr-3397	285	56	rise	rise	VERB
fsr-3397	285	57	in	in	ADP
fsr-3397	285	58	value	value	NOUN
fsr-3397	285	59	while	while	SCONJ
fsr-3397	285	60	simultaneously	simultaneously	ADV
fsr-3397	285	61	deducting	deduct	VERB
fsr-3397	285	62	losses	loss	NOUN
fsr-3397	285	63	on	on	ADP
fsr-3397	285	64	the	the	DET
fsr-3397	285	65	others	other	NOUN
fsr-3397	285	66	.	.	PUNCT
fsr-3397	286	1	it	it	PRON
fsr-3397	286	2	is	be	AUX
fsr-3397	286	3	important	important	ADJ
fsr-3397	286	4	to	to	PART
fsr-3397	286	5	note	note	VERB
fsr-3397	286	6	that	that	SCONJ
fsr-3397	286	7	the	the	DET
fsr-3397	286	8	conclusions	conclusion	NOUN
fsr-3397	286	9	in	in	ADP
fsr-3397	286	10	this	this	DET
fsr-3397	286	11	paper	paper	NOUN
fsr-3397	286	12	are	be	AUX
fsr-3397	286	13	derived	derive	VERB
fsr-3397	286	14	from	from	ADP
fsr-3397	286	15	a	a	DET
fsr-3397	286	16	monte	monte	PROPN
fsr-3397	286	17	carlo	carlo	PROPN
fsr-3397	286	18	simulation	simulation	NOUN
fsr-3397	286	19	based	base	VERB
fsr-3397	286	20	on	on	ADP
fsr-3397	286	21	certain	certain	ADJ
fsr-3397	286	22	assumptions	assumption	NOUN
fsr-3397	286	23	that	that	PRON
fsr-3397	286	24	,	,	PUNCT
fsr-3397	286	25	while	while	SCONJ
fsr-3397	286	26	reasonable	reasonable	ADJ
fsr-3397	286	27	,	,	PUNCT
fsr-3397	286	28	do	do	AUX
fsr-3397	286	29	not	not	PART
fsr-3397	286	30	perfectly	perfectly	ADV
fsr-3397	286	31	represent	represent	VERB
fsr-3397	286	32	every	every	DET
fsr-3397	286	33	investor	investor	NOUN
fsr-3397	286	34	’s	’s	PART
fsr-3397	286	35	situation	situation	NOUN
fsr-3397	286	36	.	.	PUNCT
fsr-3397	287	1	for	for	ADP
fsr-3397	287	2	example	example	NOUN
fsr-3397	287	3	,	,	PUNCT
fsr-3397	287	4	to	to	PART
fsr-3397	287	5	be	be	AUX
fsr-3397	287	6	consistent	consistent	ADJ
fsr-3397	287	7	with	with	ADP
fsr-3397	287	8	smith	smith	PROPN
fsr-3397	287	9	and	and	CCONJ
fsr-3397	287	10	smith	smith	PROPN
fsr-3397	287	11	(	(	PUNCT
fsr-3397	287	12	2008	2008	NUM
fsr-3397	287	13	)	)	PUNCT
fsr-3397	287	14	,	,	PUNCT
fsr-3397	287	15	we	we	PRON
fsr-3397	287	16	assume	assume	VERB
fsr-3397	287	17	that	that	SCONJ
fsr-3397	287	18	no	no	DET
fsr-3397	287	19	additional	additional	ADJ
fsr-3397	287	20	savings	saving	NOUN
fsr-3397	287	21	are	be	AUX
fsr-3397	287	22	contributed	contribute	VERB
fsr-3397	287	23	to	to	ADP
fsr-3397	287	24	the	the	DET
fsr-3397	287	25	portfolio	portfolio	NOUN
fsr-3397	287	26	beyond	beyond	ADP
fsr-3397	287	27	the	the	DET
fsr-3397	287	28	initial	initial	ADJ
fsr-3397	287	29	$	$	SYM
fsr-3397	287	30	250,000	250,000	NUM
fsr-3397	287	31	.	.	PUNCT
fsr-3397	288	1	however	however	ADV
fsr-3397	288	2	,	,	PUNCT
fsr-3397	288	3	many	many	ADJ
fsr-3397	288	4	investors	investor	NOUN
fsr-3397	288	5	do	do	AUX
fsr-3397	288	6	save	save	VERB
fsr-3397	288	7	regularly	regularly	ADV
fsr-3397	288	8	using	use	VERB
fsr-3397	288	9	a	a	DET
fsr-3397	288	10	dollar	dollar	NOUN
fsr-3397	288	11	-	-	PUNCT
fsr-3397	288	12	cost	cost	NOUN
fsr-3397	288	13	averaging	averaging	NOUN
fsr-3397	288	14	approach	approach	NOUN
fsr-3397	288	15	,	,	PUNCT
fsr-3397	288	16	which	which	PRON
fsr-3397	288	17	in	in	ADP
fsr-3397	288	18	itself	itself	PRON
fsr-3397	288	19	can	can	AUX
fsr-3397	288	20	promote	promote	VERB
fsr-3397	288	21	portfolio	portfolio	NOUN
fsr-3397	288	22	diversification	diversification	NOUN
fsr-3397	288	23	,	,	PUNCT
fsr-3397	288	24	perhaps	perhaps	ADV
fsr-3397	288	25	lessening	lessen	VERB
fsr-3397	288	26	the	the	DET
fsr-3397	288	27	incremental	incremental	ADJ
fsr-3397	288	28	impact	impact	NOUN
fsr-3397	288	29	of	of	ADP
fsr-3397	288	30	the	the	DET
fsr-3397	288	31	charitable	charitable	ADJ
fsr-3397	288	32	donation	donation	NOUN
fsr-3397	288	33	strategy	strategy	NOUN
fsr-3397	288	34	.	.	PUNCT
fsr-3397	289	1	we	we	PRON
fsr-3397	289	2	also	also	ADV
fsr-3397	289	3	assume	assume	VERB
fsr-3397	289	4	that	that	SCONJ
fsr-3397	289	5	annual	annual	ADJ
fsr-3397	289	6	giving	giving	NOUN
fsr-3397	289	7	is	be	AUX
fsr-3397	289	8	a	a	DET
fsr-3397	289	9	function	function	NOUN
fsr-3397	289	10	only	only	ADV
fsr-3397	289	11	of	of	ADP
fsr-3397	289	12	wage	wage	NOUN
fsr-3397	289	13	income	income	NOUN
fsr-3397	289	14	,	,	PUNCT
fsr-3397	289	15	but	but	CCONJ
fsr-3397	289	16	some	some	DET
fsr-3397	289	17	donors	donor	NOUN
fsr-3397	289	18	likely	likely	ADV
fsr-3397	289	19	consider	consider	VERB
fsr-3397	289	20	their	their	PRON
fsr-3397	289	21	wealth	wealth	NOUN
fsr-3397	289	22	level	level	NOUN
fsr-3397	289	23	also	also	ADV
fsr-3397	289	24	,	,	PUNCT
fsr-3397	289	25	giving	give	VERB
fsr-3397	289	26	more	more	ADJ
fsr-3397	289	27	or	or	CCONJ
fsr-3397	289	28	less	less	ADJ
fsr-3397	289	29	when	when	SCONJ
fsr-3397	289	30	their	their	PRON
fsr-3397	289	31	portfolios	portfolio	NOUN
fsr-3397	289	32	have	have	AUX
fsr-3397	289	33	performed	perform	VERB
fsr-3397	289	34	exceptionally	exceptionally	ADV
fsr-3397	289	35	well	well	ADV
fsr-3397	289	36	or	or	CCONJ
fsr-3397	289	37	poorly	poorly	ADV
fsr-3397	289	38	.	.	PUNCT
fsr-3397	290	1	finally	finally	ADV
fsr-3397	290	2	,	,	PUNCT
fsr-3397	290	3	we	we	PRON
fsr-3397	290	4	assume	assume	VERB
fsr-3397	290	5	that	that	SCONJ
fsr-3397	290	6	the	the	DET
fsr-3397	290	7	investor	investor	NOUN
fsr-3397	290	8	realizes	realize	VERB
fsr-3397	290	9	and	and	CCONJ
fsr-3397	290	10	pays	pay	VERB
fsr-3397	290	11	taxes	taxis	NOUN
fsr-3397	290	12	on	on	ADP
fsr-3397	290	13	all	all	DET
fsr-3397	290	14	gains	gain	NOUN
fsr-3397	290	15	at	at	ADP
fsr-3397	290	16	the	the	DET
fsr-3397	290	17	end	end	NOUN
fsr-3397	290	18	of	of	ADP
fsr-3397	290	19	the	the	DET
fsr-3397	290	20	horizon	horizon	NOUN
fsr-3397	290	21	.	.	PUNCT
fsr-3397	291	1	in	in	ADP
fsr-3397	291	2	reality	reality	NOUN
fsr-3397	291	3	,	,	PUNCT
fsr-3397	291	4	withdrawals	withdrawal	NOUN
fsr-3397	291	5	from	from	ADP
fsr-3397	291	6	the	the	DET
fsr-3397	291	7	portfolio	portfolio	NOUN
fsr-3397	291	8	are	be	AUX
fsr-3397	291	9	likely	likely	ADJ
fsr-3397	291	10	to	to	PART
fsr-3397	291	11	occur	occur	VERB
fsr-3397	291	12	at	at	ADP
fsr-3397	291	13	multiple	multiple	ADJ
fsr-3397	291	14	points	point	NOUN
fsr-3397	291	15	in	in	ADP
fsr-3397	291	16	time	time	NOUN
fsr-3397	291	17	(	(	PUNCT
fsr-3397	291	18	e.g.	e.g.	ADV
fsr-3397	291	19	,	,	PUNCT
fsr-3397	291	20	throughout	throughout	ADP
fsr-3397	291	21	retirement	retirement	NOUN
fsr-3397	291	22	)	)	PUNCT
fsr-3397	291	23	,	,	PUNCT
fsr-3397	291	24	and	and	CCONJ
fsr-3397	291	25	some	some	PRON
fsr-3397	291	26	of	of	ADP
fsr-3397	291	27	the	the	DET
fsr-3397	291	28	gains	gain	NOUN
fsr-3397	291	29	may	may	AUX
fsr-3397	291	30	never	never	ADV
fsr-3397	291	31	be	be	AUX
fsr-3397	291	32	taxed	tax	VERB
fsr-3397	291	33	because	because	SCONJ
fsr-3397	291	34	of	of	ADP
fsr-3397	291	35	the	the	DET
fsr-3397	291	36	step	step	NOUN
fsr-3397	291	37	-	-	PUNCT
fsr-3397	291	38	up	up	NOUN
fsr-3397	291	39	in	in	ADP
fsr-3397	291	40	basis	basis	NOUN
fsr-3397	291	41	at	at	ADP
fsr-3397	291	42	death	death	NOUN
fsr-3397	291	43	.	.	PUNCT
fsr-3397	292	1	it	it	PRON
fsr-3397	292	2	will	will	AUX
fsr-3397	292	3	be	be	AUX
fsr-3397	292	4	useful	useful	ADJ
fsr-3397	292	5	for	for	SCONJ
fsr-3397	292	6	future	future	ADJ
fsr-3397	292	7	studies	study	NOUN
fsr-3397	292	8	to	to	PART
fsr-3397	292	9	model	model	VERB
fsr-3397	292	10	different	different	ADJ
fsr-3397	292	11	approaches	approach	NOUN
fsr-3397	292	12	a	a	DET
fsr-3397	292	13	tax	tax	NOUN
fsr-3397	292	14	-	-	PUNCT
fsr-3397	292	15	savvy	savvy	ADJ
fsr-3397	292	16	investor	investor	NOUN
fsr-3397	292	17	might	might	AUX
fsr-3397	292	18	take	take	VERB
fsr-3397	292	19	to	to	ADP
fsr-3397	292	20	saving	save	VERB
fsr-3397	292	21	,	,	PUNCT
fsr-3397	292	22	charitable	charitable	ADJ
fsr-3397	292	23	giving	giving	NOUN
fsr-3397	292	24	,	,	PUNCT
fsr-3397	292	25	and	and	CCONJ
fsr-3397	292	26	portfolio	portfolio	NOUN
fsr-3397	292	27	withdrawals	withdrawal	NOUN
fsr-3397	292	28	.	.	PUNCT
fsr-3397	293	1	it	it	PRON
fsr-3397	293	2	should	should	AUX
fsr-3397	293	3	also	also	ADV
fsr-3397	293	4	be	be	AUX
fsr-3397	293	5	considered	consider	VERB
fsr-3397	293	6	that	that	SCONJ
fsr-3397	293	7	while	while	SCONJ
fsr-3397	293	8	the	the	DET
fsr-3397	293	9	simulated	simulate	VERB
fsr-3397	293	10	stock	stock	NOUN
fsr-3397	293	11	returns	return	NOUN
fsr-3397	293	12	used	use	VERB
fsr-3397	293	13	in	in	ADP
fsr-3397	293	14	this	this	DET
fsr-3397	293	15	study	study	NOUN
fsr-3397	293	16	follow	follow	VERB
fsr-3397	293	17	a	a	DET
fsr-3397	293	18	joint	joint	ADJ
fsr-3397	293	19	normal	normal	ADJ
fsr-3397	293	20	distribution	distribution	NOUN
fsr-3397	293	21	with	with	ADP
fsr-3397	293	22	constant	constant	ADJ
fsr-3397	293	23	risk	risk	NOUN
fsr-3397	293	24	and	and	CCONJ
fsr-3397	293	25	return	return	NOUN
fsr-3397	293	26	parameters	parameter	NOUN
fsr-3397	293	27	,	,	PUNCT
fsr-3397	293	28	actual	actual	ADJ
fsr-3397	293	29	stock	stock	NOUN
fsr-3397	293	30	return	return	NOUN
fsr-3397	293	31	distributions	distribution	NOUN
fsr-3397	293	32	can	can	AUX
fsr-3397	293	33	change	change	VERB
fsr-3397	293	34	over	over	ADP
fsr-3397	293	35	time	time	NOUN
fsr-3397	293	36	and	and	CCONJ
fsr-3397	293	37	exhibit	exhibit	VERB
fsr-3397	293	38	some	some	DET
fsr-3397	293	39	degree	degree	NOUN
fsr-3397	293	40	of	of	ADP
fsr-3397	293	41	non	non	ADJ
fsr-3397	293	42	-	-	NOUN
fsr-3397	293	43	normality	normality	NOUN
fsr-3397	293	44	.	.	PUNCT
fsr-3397	294	1	it	it	PRON
fsr-3397	294	2	is	be	AUX
fsr-3397	294	3	possible	possible	ADJ
fsr-3397	294	4	that	that	SCONJ
fsr-3397	294	5	a	a	DET
fsr-3397	294	6	bootstrapping	bootstrappe	VERB
fsr-3397	294	7	approach	approach	NOUN
fsr-3397	294	8	with	with	ADP
fsr-3397	294	9	historical	historical	ADJ
fsr-3397	294	10	resampling	resampling	NOUN
fsr-3397	294	11	may	may	AUX
fsr-3397	294	12	shed	shed	VERB
fsr-3397	294	13	additional	additional	ADJ
fsr-3397	294	14	light	light	NOUN
fsr-3397	294	15	on	on	ADP
fsr-3397	294	16	how	how	SCONJ
fsr-3397	294	17	well	well	ADV
fsr-3397	294	18	tax	tax	NOUN
fsr-3397	294	19	-	-	PUNCT
fsr-3397	294	20	efficient	efficient	ADJ
fsr-3397	294	21	strategies	strategy	NOUN
fsr-3397	294	22	work	work	NOUN
fsr-3397	294	23	given	give	VERB
fsr-3397	294	24	how	how	SCONJ
fsr-3397	294	25	stock	stock	NOUN
fsr-3397	294	26	prices	price	NOUN
fsr-3397	294	27	have	have	AUX
fsr-3397	294	28	actually	actually	ADV
fsr-3397	294	29	behaved	behave	VERB
fsr-3397	294	30	.	.	PUNCT
fsr-3397	295	1	while	while	SCONJ
fsr-3397	295	2	the	the	DET
fsr-3397	295	3	above	above	ADJ
fsr-3397	295	4	issues	issue	NOUN
fsr-3397	295	5	are	be	AUX
fsr-3397	295	6	important	important	ADJ
fsr-3397	295	7	and	and	CCONJ
fsr-3397	295	8	should	should	AUX
fsr-3397	295	9	be	be	AUX
fsr-3397	295	10	considered	consider	VERB
fsr-3397	295	11	in	in	ADP
fsr-3397	295	12	future	future	ADJ
fsr-3397	295	13	research	research	NOUN
fsr-3397	295	14	,	,	PUNCT
fsr-3397	295	15	this	this	DET
fsr-3397	295	16	paper	paper	NOUN
fsr-3397	295	17	presents	present	VERB
fsr-3397	295	18	strong	strong	ADJ
fsr-3397	295	19	simulation	simulation	NOUN
fsr-3397	295	20	-	-	PUNCT
fsr-3397	295	21	based	base	VERB
fsr-3397	295	22	evidence	evidence	NOUN
fsr-3397	295	23	that	that	SCONJ
fsr-3397	295	24	investors	investor	NOUN
fsr-3397	295	25	should	should	AUX
fsr-3397	295	26	donate	donate	VERB
fsr-3397	295	27	appreciate	appreciate	VERB
fsr-3397	295	28	stock	stock	NOUN
fsr-3397	295	29	in	in	ADP
fsr-3397	295	30	lieu	lieu	NOUN
fsr-3397	295	31	of	of	ADP
fsr-3397	295	32	cash	cash	NOUN
fsr-3397	295	33	while	while	SCONJ
fsr-3397	295	34	continuing	continue	VERB
fsr-3397	295	35	to	to	PART
fsr-3397	295	36	use	use	VERB
fsr-3397	295	37	the	the	DET
fsr-3397	295	38	tax	tax	NOUN
fsr-3397	295	39	-	-	PUNCT
fsr-3397	295	40	loss	loss	NOUN
fsr-3397	295	41	selling	selling	NOUN
fsr-3397	295	42	and	and	CCONJ
fsr-3397	295	43	gain	gain	VERB
fsr-3397	295	44	harvesting	harvesting	NOUN
fsr-3397	295	45	strategies	strategy	NOUN
fsr-3397	295	46	previously	previously	ADV
fsr-3397	295	47	documented	document	VERB
fsr-3397	295	48	in	in	ADP
fsr-3397	295	49	the	the	DET
fsr-3397	295	50	literature	literature	NOUN
fsr-3397	295	51	.	.	PUNCT
fsr-3397	296	1	doing	do	VERB
fsr-3397	296	2	so	so	ADV
fsr-3397	296	3	substantially	substantially	ADV
fsr-3397	296	4	increases	increase	VERB
fsr-3397	296	5	average	average	ADJ
fsr-3397	296	6	returns	return	NOUN
fsr-3397	296	7	and	and	CCONJ
fsr-3397	296	8	reduces	reduce	VERB
fsr-3397	296	9	risk	risk	NOUN
fsr-3397	296	10	.	.	PUNCT
fsr-3397	297	1	it	it	PRON
fsr-3397	297	2	is	be	AUX
fsr-3397	297	3	normally	normally	ADV
fsr-3397	297	4	difficult	difficult	ADJ
fsr-3397	297	5	to	to	PART
fsr-3397	297	6	accomplish	accomplish	VERB
fsr-3397	297	7	both	both	PRON
fsr-3397	297	8	of	of	ADP
fsr-3397	297	9	these	these	DET
fsr-3397	297	10	objectives	objective	NOUN
fsr-3397	297	11	simultaneously	simultaneously	ADV
fsr-3397	297	12	,	,	PUNCT
fsr-3397	297	13	as	as	SCONJ
fsr-3397	297	14	capital	capital	NOUN
fsr-3397	297	15	market	market	NOUN
fsr-3397	297	16	theory	theory	NOUN
fsr-3397	297	17	suggests	suggest	VERB
fsr-3397	297	18	higher	high	ADJ
fsr-3397	297	19	returns	return	NOUN
fsr-3397	297	20	are	be	AUX
fsr-3397	297	21	only	only	ADV
fsr-3397	297	22	available	available	ADJ
fsr-3397	297	23	for	for	ADP
fsr-3397	297	24	those	those	PRON
fsr-3397	297	25	willing	willing	ADJ
fsr-3397	297	26	to	to	PART
fsr-3397	297	27	accept	accept	VERB
fsr-3397	297	28	more	more	ADJ
fsr-3397	297	29	risk	risk	NOUN
fsr-3397	297	30	.	.	PUNCT
fsr-3397	298	1	while	while	SCONJ
fsr-3397	298	2	most	most	ADJ
fsr-3397	298	3	who	who	PRON
fsr-3397	298	4	attempt	attempt	VERB
fsr-3397	298	5	to	to	PART
fsr-3397	298	6	time	time	VERB
fsr-3397	298	7	the	the	DET
fsr-3397	298	8	market	market	NOUN
fsr-3397	298	9	or	or	CCONJ
fsr-3397	298	10	predict	predict	VERB
fsr-3397	298	11	which	which	DET
fsr-3397	298	12	stocks	stock	NOUN
fsr-3397	298	13	will	will	AUX
fsr-3397	298	14	outperform	outperform	VERB
fsr-3397	298	15	others	other	NOUN
fsr-3397	298	16	find	find	VERB
fsr-3397	298	17	at	at	ADP
fsr-3397	298	18	best	good	ADJ
fsr-3397	298	19	limited	limited	ADJ
fsr-3397	298	20	success	success	NOUN
fsr-3397	298	21	,	,	PUNCT
fsr-3397	298	22	investors	investor	NOUN
fsr-3397	298	23	can	can	AUX
fsr-3397	298	24	work	work	VERB
fsr-3397	298	25	within	within	ADP
fsr-3397	298	26	the	the	DET
fsr-3397	298	27	tax	tax	NOUN
fsr-3397	298	28	code	code	NOUN
fsr-3397	298	29	to	to	PART
fsr-3397	298	30	consistently	consistently	ADV
fsr-3397	298	31	improve	improve	VERB
fsr-3397	298	32	performance	performance	NOUN
fsr-3397	298	33	without	without	ADP
fsr-3397	298	34	trying	try	VERB
fsr-3397	298	35	to	to	PART
fsr-3397	298	36	outguess	outguess	VERB
fsr-3397	298	37	the	the	DET
fsr-3397	298	38	market	market	NOUN
fsr-3397	298	39	.	.	PUNCT
fsr-3397	299	1	given	give	VERB
fsr-3397	299	2	the	the	DET
fsr-3397	299	3	demonstrated	demonstrate	VERB
fsr-3397	299	4	benefits	benefit	NOUN
fsr-3397	299	5	,	,	PUNCT
fsr-3397	299	6	one	one	NUM
fsr-3397	299	7	certainly	certainly	ADV
fsr-3397	299	8	should	should	AUX
fsr-3397	299	9	do	do	VERB
fsr-3397	299	10	so	so	ADV
fsr-3397	299	11	to	to	ADP
fsr-3397	299	12	the	the	DET
fsr-3397	299	13	maximum	maximum	ADJ
fsr-3397	299	14	extent	extent	NOUN
fsr-3397	299	15	possible	possible	ADJ
fsr-3397	299	16	.	.	PUNCT
fsr-3397	300	1	274	274	NUM
fsr-3397	300	2	j.	j.	PROPN
fsr-3397	300	3	whitworth	whitworth	PROPN
fsr-3397	300	4	/	/	SYM
fsr-3397	300	5	financial	financial	ADJ
fsr-3397	300	6	services	service	NOUN
fsr-3397	300	7	review	review	VERB
fsr-3397	300	8	27	27	NUM
fsr-3397	300	9	(	(	PUNCT
fsr-3397	300	10	2018	2018	NUM
fsr-3397	300	11	)	)	PUNCT
fsr-3397	300	12	257	257	NUM
fsr-3397	300	13	-	-	SYM
fsr-3397	300	14	277	277	NUM
fsr-3397	300	15	notes	note	NOUN
fsr-3397	300	16	1	1	NUM
fsr-3397	300	17	private	private	ADJ
fsr-3397	300	18	foundations	foundation	NOUN
fsr-3397	300	19	pay	pay	VERB
fsr-3397	300	20	a	a	DET
fsr-3397	300	21	small	small	ADJ
fsr-3397	300	22	excise	excise	NOUN
fsr-3397	300	23	tax	tax	NOUN
fsr-3397	300	24	of	of	ADP
fsr-3397	300	25	1–2	1–2	NUM
fsr-3397	300	26	%	%	NOUN
fsr-3397	300	27	on	on	ADP
fsr-3397	300	28	their	their	PRON
fsr-3397	300	29	net	net	ADJ
fsr-3397	300	30	investment	investment	NOUN
fsr-3397	300	31	income	income	NOUN
fsr-3397	300	32	,	,	PUNCT
fsr-3397	300	33	which	which	PRON
fsr-3397	300	34	includes	include	VERB
fsr-3397	300	35	accrued	accrued	ADJ
fsr-3397	300	36	gains	gain	NOUN
fsr-3397	300	37	on	on	ADP
fsr-3397	300	38	shares	share	NOUN
fsr-3397	300	39	received	receive	VERB
fsr-3397	300	40	from	from	ADP
fsr-3397	300	41	donors	donor	NOUN
fsr-3397	300	42	.	.	PUNCT
fsr-3397	301	1	however	however	ADV
fsr-3397	301	2	,	,	PUNCT
fsr-3397	301	3	donoradvised	donoradvise	VERB
fsr-3397	301	4	funds	fund	NOUN
fsr-3397	301	5	and	and	CCONJ
fsr-3397	301	6	public	public	ADJ
fsr-3397	301	7	charities	charity	NOUN
fsr-3397	301	8	are	be	AUX
fsr-3397	301	9	not	not	PART
fsr-3397	301	10	subject	subject	ADJ
fsr-3397	301	11	to	to	ADP
fsr-3397	301	12	the	the	DET
fsr-3397	301	13	tax	tax	NOUN
fsr-3397	301	14	.	.	PUNCT
fsr-3397	301	15	2	2	NUM
fsr-3397	301	16	although	although	SCONJ
fsr-3397	301	17	the	the	DET
fsr-3397	301	18	tax	tax	NOUN
fsr-3397	301	19	-	-	PUNCT
fsr-3397	301	20	efficient	efficient	ADJ
fsr-3397	301	21	strategies	strategy	NOUN
fsr-3397	301	22	in	in	ADP
fsr-3397	301	23	this	this	DET
fsr-3397	301	24	paper	paper	NOUN
fsr-3397	301	25	can	can	AUX
fsr-3397	301	26	be	be	AUX
fsr-3397	301	27	used	use	VERB
fsr-3397	301	28	with	with	ADP
fsr-3397	301	29	dividend	dividend	NOUN
fsr-3397	301	30	-	-	PUNCT
fsr-3397	301	31	paying	pay	VERB
fsr-3397	301	32	stocks	stock	NOUN
fsr-3397	301	33	,	,	PUNCT
fsr-3397	301	34	they	they	PRON
fsr-3397	301	35	are	be	AUX
fsr-3397	301	36	most	most	ADV
fsr-3397	301	37	effective	effective	ADJ
fsr-3397	301	38	when	when	SCONJ
fsr-3397	301	39	all	all	PRON
fsr-3397	301	40	of	of	ADP
fsr-3397	301	41	the	the	DET
fsr-3397	301	42	investor	investor	NOUN
fsr-3397	301	43	’s	’s	PART
fsr-3397	301	44	return	return	NOUN
fsr-3397	301	45	is	be	AUX
fsr-3397	301	46	in	in	ADP
fsr-3397	301	47	the	the	DET
fsr-3397	301	48	form	form	NOUN
fsr-3397	301	49	of	of	ADP
fsr-3397	301	50	capital	capital	NOUN
fsr-3397	301	51	gains	gain	NOUN
fsr-3397	301	52	.	.	PUNCT
fsr-3397	302	1	to	to	ADP
fsr-3397	302	2	the	the	DET
fsr-3397	302	3	extent	extent	NOUN
fsr-3397	302	4	stocks	stock	NOUN
fsr-3397	302	5	in	in	ADP
fsr-3397	302	6	the	the	DET
fsr-3397	302	7	portfolio	portfolio	NOUN
fsr-3397	302	8	pay	pay	VERB
fsr-3397	302	9	dividends	dividend	NOUN
fsr-3397	302	10	(	(	PUNCT
fsr-3397	302	11	converting	convert	VERB
fsr-3397	302	12	capital	capital	NOUN
fsr-3397	302	13	gains	gain	NOUN
fsr-3397	302	14	into	into	ADP
fsr-3397	302	15	current	current	ADJ
fsr-3397	302	16	income	income	NOUN
fsr-3397	302	17	)	)	PUNCT
fsr-3397	302	18	,	,	PUNCT
fsr-3397	302	19	the	the	DET
fsr-3397	302	20	investor	investor	NOUN
fsr-3397	302	21	is	be	AUX
fsr-3397	302	22	less	less	ADV
fsr-3397	302	23	able	able	ADJ
fsr-3397	302	24	to	to	PART
fsr-3397	302	25	defer	defer	VERB
fsr-3397	302	26	gains	gain	NOUN
fsr-3397	302	27	and/or	and/or	CCONJ
fsr-3397	302	28	eliminate	eliminate	VERB
fsr-3397	302	29	accrued	accrue	VERB
fsr-3397	302	30	tax	tax	NOUN
fsr-3397	302	31	liabilities	liability	NOUN
fsr-3397	302	32	through	through	ADP
fsr-3397	302	33	stock	stock	NOUN
fsr-3397	302	34	donations	donation	NOUN
fsr-3397	302	35	.	.	PUNCT
fsr-3397	303	1	3	3	NUM
fsr-3397	303	2	empirical	empirical	ADJ
fsr-3397	303	3	research	research	NOUN
fsr-3397	303	4	suggests	suggest	VERB
fsr-3397	303	5	that	that	SCONJ
fsr-3397	303	6	these	these	DET
fsr-3397	303	7	values	value	NOUN
fsr-3397	303	8	are	be	AUX
fsr-3397	303	9	realistic	realistic	ADJ
fsr-3397	303	10	,	,	PUNCT
fsr-3397	303	11	and	and	CCONJ
fsr-3397	303	12	that	that	SCONJ
fsr-3397	303	13	investors	investor	NOUN
fsr-3397	303	14	may	may	AUX
fsr-3397	303	15	be	be	AUX
fsr-3397	303	16	able	able	ADJ
fsr-3397	303	17	to	to	PART
fsr-3397	303	18	find	find	VERB
fsr-3397	303	19	stocks	stock	NOUN
fsr-3397	303	20	with	with	ADP
fsr-3397	303	21	even	even	ADV
fsr-3397	303	22	higher	high	ADJ
fsr-3397	303	23	sds	sds	NOUN
fsr-3397	303	24	and	and	CCONJ
fsr-3397	303	25	lower	low	ADJ
fsr-3397	303	26	correlations	correlation	NOUN
fsr-3397	303	27	.	.	PUNCT
fsr-3397	304	1	statman	statman	NOUN
fsr-3397	304	2	(	(	PUNCT
fsr-3397	304	3	1987	1987	NUM
fsr-3397	304	4	)	)	PUNCT
fsr-3397	304	5	reports	report	VERB
fsr-3397	304	6	a	a	DET
fsr-3397	304	7	49	49	NUM
fsr-3397	304	8	%	%	NOUN
fsr-3397	304	9	average	average	ADJ
fsr-3397	304	10	individual	individual	ADJ
fsr-3397	304	11	volatility	volatility	NOUN
fsr-3397	304	12	for	for	ADP
fsr-3397	304	13	a	a	DET
fsr-3397	304	14	sample	sample	NOUN
fsr-3397	304	15	of	of	ADP
fsr-3397	304	16	nyse	nyse	PROPN
fsr-3397	304	17	/	/	SYM
fsr-3397	304	18	amex	amex	PROPN
fsr-3397	304	19	-	-	PUNCT
fsr-3397	304	20	listed	list	VERB
fsr-3397	304	21	stocks	stock	NOUN
fsr-3397	304	22	,	,	PUNCT
fsr-3397	304	23	and	and	CCONJ
fsr-3397	304	24	the	the	DET
fsr-3397	304	25	findings	finding	NOUN
fsr-3397	304	26	of	of	ADP
fsr-3397	304	27	campbell	campbell	PROPN
fsr-3397	304	28	et	et	PROPN
fsr-3397	304	29	al	al	PROPN
fsr-3397	304	30	.	.	PROPN
fsr-3397	305	1	(	(	PUNCT
fsr-3397	305	2	2001	2001	NUM
fsr-3397	305	3	)	)	PUNCT
fsr-3397	305	4	suggest	suggest	VERB
fsr-3397	305	5	similar	similar	ADJ
fsr-3397	305	6	or	or	CCONJ
fsr-3397	305	7	higher	high	ADJ
fsr-3397	305	8	volatilities	volatility	NOUN
fsr-3397	305	9	depending	depend	VERB
fsr-3397	305	10	on	on	ADP
fsr-3397	305	11	the	the	DET
fsr-3397	305	12	time	time	NOUN
fsr-3397	305	13	period	period	NOUN
fsr-3397	305	14	examined	examine	VERB
fsr-3397	305	15	.	.	PUNCT
fsr-3397	306	1	chan	chan	PROPN
fsr-3397	306	2	,	,	PUNCT
fsr-3397	306	3	karceski	karceski	PROPN
fsr-3397	306	4	,	,	PUNCT
fsr-3397	306	5	and	and	CCONJ
fsr-3397	306	6	lakonishok	lakonishok	NOUN
fsr-3397	306	7	(	(	PUNCT
fsr-3397	306	8	1999	1999	NUM
fsr-3397	306	9	)	)	PUNCT
fsr-3397	306	10	find	find	VERB
fsr-3397	306	11	an	an	DET
fsr-3397	306	12	average	average	ADJ
fsr-3397	306	13	correlation	correlation	NOUN
fsr-3397	306	14	of	of	ADP
fsr-3397	306	15	0.28	0.28	NUM
fsr-3397	306	16	between	between	ADP
fsr-3397	306	17	any	any	DET
fsr-3397	306	18	two	two	NUM
fsr-3397	306	19	random	random	ADJ
fsr-3397	306	20	stocks	stock	NOUN
fsr-3397	306	21	,	,	PUNCT
fsr-3397	306	22	and	and	CCONJ
fsr-3397	306	23	campbell	campbell	PROPN
fsr-3397	306	24	et	et	PROPN
fsr-3397	306	25	al	al	PROPN
fsr-3397	306	26	.	.	PROPN
fsr-3397	307	1	(	(	PUNCT
fsr-3397	307	2	2001	2001	NUM
fsr-3397	307	3	)	)	PUNCT
fsr-3397	307	4	report	report	VERB
fsr-3397	307	5	similar	similar	ADJ
fsr-3397	307	6	or	or	CCONJ
fsr-3397	307	7	lower	low	ADJ
fsr-3397	307	8	correlations	correlation	NOUN
fsr-3397	307	9	.	.	PUNCT
fsr-3397	308	1	4	4	NUM
fsr-3397	308	2	if	if	SCONJ
fsr-3397	308	3	the	the	DET
fsr-3397	308	4	investor	investor	NOUN
fsr-3397	308	5	owns	own	VERB
fsr-3397	308	6	multiple	multiple	ADJ
fsr-3397	308	7	lots	lot	NOUN
fsr-3397	308	8	of	of	ADP
fsr-3397	308	9	the	the	DET
fsr-3397	308	10	same	same	ADJ
fsr-3397	308	11	firm	firm	NOUN
fsr-3397	308	12	’s	’s	PART
fsr-3397	308	13	stock	stock	NOUN
fsr-3397	308	14	(	(	PUNCT
fsr-3397	308	15	purchased	purchase	VERB
fsr-3397	308	16	in	in	ADP
fsr-3397	308	17	different	different	ADJ
fsr-3397	308	18	years	year	NOUN
fsr-3397	308	19	)	)	PUNCT
fsr-3397	308	20	,	,	PUNCT
fsr-3397	308	21	shares	share	NOUN
fsr-3397	308	22	are	be	AUX
fsr-3397	308	23	sold	sell	VERB
fsr-3397	308	24	first	first	ADV
fsr-3397	308	25	from	from	ADP
fsr-3397	308	26	the	the	DET
fsr-3397	308	27	lot	lot	NOUN
fsr-3397	308	28	with	with	ADP
fsr-3397	308	29	the	the	DET
fsr-3397	308	30	highest	high	ADJ
fsr-3397	308	31	basis	basis	NOUN
fsr-3397	308	32	-	-	PUNCT
fsr-3397	308	33	to	to	ADP
fsr-3397	308	34	-	-	PUNCT
fsr-3397	308	35	value	value	NOUN
fsr-3397	308	36	ratio	ratio	NOUN
fsr-3397	308	37	(	(	PUNCT
fsr-3397	308	38	i.e.	i.e.	X
fsr-3397	308	39	,	,	PUNCT
fsr-3397	308	40	the	the	DET
fsr-3397	308	41	lowest	low	ADJ
fsr-3397	308	42	percentage	percentage	NOUN
fsr-3397	308	43	gain	gain	NOUN
fsr-3397	308	44	)	)	PUNCT
fsr-3397	308	45	.	.	PUNCT
fsr-3397	309	1	5	5	NUM
fsr-3397	309	2	this	this	DET
fsr-3397	309	3	procedure	procedure	NOUN
fsr-3397	309	4	results	result	VERB
fsr-3397	309	5	in	in	ADP
fsr-3397	309	6	slightly	slightly	ADV
fsr-3397	309	7	better	well	ADJ
fsr-3397	309	8	diversification	diversification	NOUN
fsr-3397	309	9	compared	compare	VERB
fsr-3397	309	10	with	with	ADP
fsr-3397	309	11	smith	smith	PROPN
fsr-3397	309	12	and	and	CCONJ
fsr-3397	309	13	smith	smith	PROPN
fsr-3397	309	14	’s	’s	PART
fsr-3397	309	15	(	(	PUNCT
fsr-3397	309	16	2008	2008	NUM
fsr-3397	309	17	)	)	PUNCT
fsr-3397	309	18	method	method	NOUN
fsr-3397	309	19	of	of	ADP
fsr-3397	309	20	investing	invest	VERB
fsr-3397	309	21	the	the	DET
fsr-3397	309	22	funds	fund	NOUN
fsr-3397	309	23	equally	equally	ADV
fsr-3397	309	24	across	across	ADP
fsr-3397	309	25	the	the	DET
fsr-3397	309	26	10	10	NUM
fsr-3397	309	27	least	least	ADV
fsr-3397	309	28	-	-	PUNCT
fsr-3397	309	29	weighted	weight	VERB
fsr-3397	309	30	stocks	stock	NOUN
fsr-3397	309	31	.	.	PUNCT
fsr-3397	310	1	in	in	ADP
fsr-3397	310	2	practice	practice	NOUN
fsr-3397	310	3	,	,	PUNCT
fsr-3397	310	4	either	either	CCONJ
fsr-3397	310	5	method	method	NOUN
fsr-3397	310	6	would	would	AUX
fsr-3397	310	7	need	need	VERB
fsr-3397	310	8	to	to	PART
fsr-3397	310	9	consider	consider	VERB
fsr-3397	310	10	the	the	DET
fsr-3397	310	11	wash	wash	NOUN
fsr-3397	310	12	sale	sale	NOUN
fsr-3397	310	13	rule	rule	NOUN
fsr-3397	310	14	,	,	PUNCT
fsr-3397	310	15	which	which	PRON
fsr-3397	310	16	disallows	disallow	VERB
fsr-3397	310	17	any	any	DET
fsr-3397	310	18	loss	loss	NOUN
fsr-3397	310	19	deduction	deduction	NOUN
fsr-3397	310	20	on	on	ADP
fsr-3397	310	21	the	the	DET
fsr-3397	310	22	shares	share	NOUN
fsr-3397	310	23	just	just	ADV
fsr-3397	310	24	sold	sell	VERB
fsr-3397	310	25	if	if	SCONJ
fsr-3397	310	26	identical	identical	ADJ
fsr-3397	310	27	shares	share	NOUN
fsr-3397	310	28	are	be	AUX
fsr-3397	310	29	immediately	immediately	ADV
fsr-3397	310	30	repurchased	repurchase	VERB
fsr-3397	310	31	.	.	PUNCT
fsr-3397	311	1	one	one	PRON
fsr-3397	311	2	could	could	AUX
fsr-3397	311	3	effectively	effectively	ADV
fsr-3397	311	4	circumvent	circumvent	VERB
fsr-3397	311	5	this	this	DET
fsr-3397	311	6	restriction	restriction	NOUN
fsr-3397	311	7	by	by	ADP
fsr-3397	311	8	purchasing	purchase	VERB
fsr-3397	311	9	shares	share	NOUN
fsr-3397	311	10	in	in	ADP
fsr-3397	311	11	a	a	DET
fsr-3397	311	12	different	different	ADJ
fsr-3397	311	13	company	company	NOUN
fsr-3397	311	14	with	with	ADP
fsr-3397	311	15	similar	similar	ADJ
fsr-3397	311	16	risk	risk	NOUN
fsr-3397	311	17	and	and	CCONJ
fsr-3397	311	18	return	return	NOUN
fsr-3397	311	19	characteristics	characteristic	NOUN
fsr-3397	311	20	,	,	PUNCT
fsr-3397	311	21	or	or	CCONJ
fsr-3397	311	22	by	by	ADP
fsr-3397	311	23	placing	place	VERB
fsr-3397	311	24	the	the	DET
fsr-3397	311	25	sale	sale	NOUN
fsr-3397	311	26	proceeds	proceed	NOUN
fsr-3397	311	27	in	in	ADP
fsr-3397	311	28	a	a	DET
fsr-3397	311	29	money	money	NOUN
fsr-3397	311	30	market	market	NOUN
fsr-3397	311	31	fund	fund	NOUN
fsr-3397	311	32	until	until	SCONJ
fsr-3397	311	33	the	the	DET
fsr-3397	311	34	30	30	NUM
fsr-3397	311	35	-	-	PUNCT
fsr-3397	311	36	day	day	NOUN
fsr-3397	311	37	wash	wash	NOUN
fsr-3397	311	38	sale	sale	NOUN
fsr-3397	311	39	period	period	NOUN
fsr-3397	311	40	expires	expire	VERB
fsr-3397	311	41	(	(	PUNCT
fsr-3397	311	42	after	after	ADP
fsr-3397	311	43	which	which	PRON
fsr-3397	311	44	shares	share	NOUN
fsr-3397	311	45	of	of	ADP
fsr-3397	311	46	the	the	DET
fsr-3397	311	47	original	original	ADJ
fsr-3397	311	48	firm	firm	NOUN
fsr-3397	311	49	could	could	AUX
fsr-3397	311	50	be	be	AUX
fsr-3397	311	51	bought	buy	VERB
fsr-3397	311	52	again	again	ADV
fsr-3397	311	53	)	)	PUNCT
fsr-3397	311	54	.	.	PUNCT
fsr-3397	312	1	6	6	NUM
fsr-3397	312	2	the	the	DET
fsr-3397	312	3	same	same	ADJ
fsr-3397	312	4	method	method	NOUN
fsr-3397	312	5	is	be	AUX
fsr-3397	312	6	used	use	VERB
fsr-3397	312	7	to	to	PART
fsr-3397	312	8	compute	compute	VERB
fsr-3397	312	9	the	the	DET
fsr-3397	312	10	herfindahl	herfindahl	NOUN
fsr-3397	312	11	-	-	PUNCT
fsr-3397	312	12	hirschman	hirschman	NOUN
fsr-3397	312	13	index	index	NOUN
fsr-3397	312	14	(	(	PUNCT
fsr-3397	312	15	hhi	hhi	PROPN
fsr-3397	312	16	)	)	PUNCT
fsr-3397	312	17	,	,	PUNCT
fsr-3397	312	18	an	an	DET
fsr-3397	312	19	indicator	indicator	NOUN
fsr-3397	312	20	of	of	ADP
fsr-3397	312	21	how	how	SCONJ
fsr-3397	312	22	concentrated	concentrated	ADJ
fsr-3397	312	23	market	market	NOUN
fsr-3397	312	24	power	power	NOUN
fsr-3397	312	25	is	be	AUX
fsr-3397	312	26	within	within	ADP
fsr-3397	312	27	an	an	DET
fsr-3397	312	28	industry	industry	NOUN
fsr-3397	312	29	(	(	PUNCT
fsr-3397	312	30	with	with	ADP
fsr-3397	312	31	low	low	ADJ
fsr-3397	312	32	values	value	NOUN
fsr-3397	312	33	indicating	indicate	VERB
fsr-3397	312	34	strong	strong	ADJ
fsr-3397	312	35	competition	competition	NOUN
fsr-3397	312	36	,	,	PUNCT
fsr-3397	312	37	and	and	CCONJ
fsr-3397	312	38	high	high	ADJ
fsr-3397	312	39	values	value	NOUN
fsr-3397	312	40	indicating	indicate	VERB
fsr-3397	312	41	near	near	ADP
fsr-3397	312	42	-	-	PUNCT
fsr-3397	312	43	monopolistic	monopolistic	ADJ
fsr-3397	312	44	conditions	condition	NOUN
fsr-3397	312	45	where	where	SCONJ
fsr-3397	312	46	very	very	ADV
fsr-3397	312	47	few	few	ADJ
fsr-3397	312	48	firms	firm	NOUN
fsr-3397	312	49	control	control	VERB
fsr-3397	312	50	most	most	ADJ
fsr-3397	312	51	of	of	ADP
fsr-3397	312	52	the	the	DET
fsr-3397	312	53	industry	industry	NOUN
fsr-3397	312	54	)	)	PUNCT
fsr-3397	312	55	.	.	PUNCT
fsr-3397	313	1	fraser	fraser	PROPN
fsr-3397	313	2	and	and	CCONJ
fsr-3397	313	3	jennings	jennings	PROPN
fsr-3397	313	4	(	(	PUNCT
fsr-3397	313	5	2010	2010	NUM
fsr-3397	313	6	)	)	PUNCT
fsr-3397	313	7	use	use	VERB
fsr-3397	313	8	a	a	DET
fsr-3397	313	9	modification	modification	NOUN
fsr-3397	313	10	of	of	ADP
fsr-3397	313	11	the	the	DET
fsr-3397	313	12	hhi	hhi	NOUN
fsr-3397	313	13	to	to	PART
fsr-3397	313	14	compute	compute	VERB
fsr-3397	313	15	a	a	DET
fsr-3397	313	16	“	"	PUNCT
fsr-3397	313	17	degree	degree	NOUN
fsr-3397	313	18	of	of	ADP
fsr-3397	313	19	diversification	diversification	NOUN
fsr-3397	313	20	”	"	PUNCT
fsr-3397	313	21	measure	measure	NOUN
fsr-3397	313	22	for	for	ADP
fsr-3397	313	23	endowment	endowment	NOUN
fsr-3397	313	24	fund	fund	NOUN
fsr-3397	313	25	portfolios	portfolio	NOUN
fsr-3397	313	26	.	.	PUNCT
fsr-3397	313	27	7	7	NUM
fsr-3397	314	1	although	although	SCONJ
fsr-3397	314	2	omitted	omit	VERB
fsr-3397	314	3	from	from	ADP
fsr-3397	314	4	the	the	DET
fsr-3397	314	5	graph	graph	NOUN
fsr-3397	314	6	for	for	ADP
fsr-3397	314	7	readability	readability	NOUN
fsr-3397	314	8	,	,	PUNCT
fsr-3397	314	9	a	a	DET
fsr-3397	314	10	base	base	NOUN
fsr-3397	314	11	strategy	strategy	NOUN
fsr-3397	314	12	of	of	ADP
fsr-3397	314	13	realizing	realize	VERB
fsr-3397	314	14	only	only	ADJ
fsr-3397	314	15	losses	loss	NOUN
fsr-3397	314	16	results	result	NOUN
fsr-3397	314	17	in	in	ADP
fsr-3397	314	18	essentially	essentially	ADV
fsr-3397	314	19	the	the	DET
fsr-3397	314	20	same	same	ADJ
fsr-3397	314	21	maximum	maximum	ADJ
fsr-3397	314	22	stock	stock	NOUN
fsr-3397	314	23	weights	weight	NOUN
fsr-3397	314	24	as	as	ADP
fsr-3397	314	25	realizing	realize	VERB
fsr-3397	314	26	neither	neither	CCONJ
fsr-3397	314	27	losses	loss	NOUN
fsr-3397	314	28	nor	nor	CCONJ
fsr-3397	314	29	gains	gain	NOUN
fsr-3397	314	30	.	.	PUNCT
fsr-3397	315	1	therefore	therefore	ADV
fsr-3397	315	2	,	,	PUNCT
fsr-3397	315	3	tax	tax	NOUN
fsr-3397	315	4	loss	loss	NOUN
fsr-3397	315	5	selling	selling	NOUN
fsr-3397	315	6	by	by	ADP
fsr-3397	315	7	itself	itself	PRON
fsr-3397	315	8	does	do	AUX
fsr-3397	315	9	not	not	PART
fsr-3397	315	10	materially	materially	ADV
fsr-3397	315	11	affect	affect	VERB
fsr-3397	315	12	a	a	DET
fsr-3397	315	13	portfolio	portfolio	NOUN
fsr-3397	315	14	’s	’s	PART
fsr-3397	315	15	dependence	dependence	NOUN
fsr-3397	315	16	on	on	ADP
fsr-3397	315	17	its	its	PRON
fsr-3397	315	18	largest	large	ADJ
fsr-3397	315	19	stock	stock	NOUN
fsr-3397	315	20	.	.	PUNCT
fsr-3397	315	21	8	8	NUM
fsr-3397	315	22	in	in	ADP
fsr-3397	315	23	cases	case	NOUN
fsr-3397	315	24	where	where	SCONJ
fsr-3397	315	25	the	the	DET
fsr-3397	315	26	portfolio	portfolio	NOUN
fsr-3397	315	27	’s	’s	PART
fsr-3397	315	28	final	final	ADJ
fsr-3397	315	29	value	value	NOUN
fsr-3397	315	30	is	be	AUX
fsr-3397	315	31	below	below	ADP
fsr-3397	315	32	its	its	PRON
fsr-3397	315	33	cost	cost	NOUN
fsr-3397	315	34	basis	basis	NOUN
fsr-3397	315	35	,	,	PUNCT
fsr-3397	315	36	after	after	ADP
fsr-3397	315	37	-	-	PUNCT
fsr-3397	315	38	tax	tax	NOUN
fsr-3397	315	39	value	value	NOUN
fsr-3397	315	40	is	be	AUX
fsr-3397	315	41	computed	compute	VERB
fsr-3397	315	42	assuming	assume	VERB
fsr-3397	315	43	the	the	DET
fsr-3397	315	44	net	net	ADJ
fsr-3397	315	45	loss	loss	NOUN
fsr-3397	315	46	is	be	AUX
fsr-3397	315	47	immediately	immediately	ADV
fsr-3397	315	48	offset	offset	VERB
fsr-3397	315	49	against	against	ADP
fsr-3397	315	50	long	long	ADJ
fsr-3397	315	51	-	-	PUNCT
fsr-3397	315	52	term	term	NOUN
fsr-3397	315	53	gains	gain	NOUN
fsr-3397	315	54	on	on	ADP
fsr-3397	315	55	other	other	ADJ
fsr-3397	315	56	property	property	NOUN
fsr-3397	315	57	.	.	PUNCT
fsr-3397	316	1	if	if	SCONJ
fsr-3397	316	2	the	the	DET
fsr-3397	316	3	investor	investor	NOUN
fsr-3397	316	4	does	do	AUX
fsr-3397	316	5	not	not	PART
fsr-3397	316	6	have	have	VERB
fsr-3397	316	7	enough	enough	ADJ
fsr-3397	316	8	gains	gain	NOUN
fsr-3397	316	9	,	,	PUNCT
fsr-3397	316	10	then	then	ADV
fsr-3397	316	11	the	the	DET
fsr-3397	316	12	excess	excess	ADJ
fsr-3397	316	13	loss	loss	NOUN
fsr-3397	316	14	is	be	AUX
fsr-3397	316	15	carried	carry	VERB
fsr-3397	316	16	forward	forward	ADV
fsr-3397	316	17	to	to	ADP
fsr-3397	316	18	future	future	ADJ
fsr-3397	316	19	years	year	NOUN
fsr-3397	316	20	.	.	PUNCT
fsr-3397	317	1	in	in	ADP
fsr-3397	317	2	such	such	ADJ
fsr-3397	317	3	cases	case	NOUN
fsr-3397	317	4	,	,	PUNCT
fsr-3397	317	5	the	the	DET
fsr-3397	317	6	effective	effective	ADJ
fsr-3397	317	7	after	after	ADP
fsr-3397	317	8	-	-	PUNCT
fsr-3397	317	9	tax	tax	NOUN
fsr-3397	317	10	value	value	NOUN
fsr-3397	317	11	will	will	AUX
fsr-3397	317	12	be	be	AUX
fsr-3397	317	13	somewhat	somewhat	ADV
fsr-3397	317	14	higher	high	ADJ
fsr-3397	317	15	or	or	CCONJ
fsr-3397	317	16	lower	low	ADJ
fsr-3397	317	17	depending	depend	VERB
fsr-3397	317	18	on	on	ADP
fsr-3397	317	19	the	the	DET
fsr-3397	317	20	type	type	NOUN
fsr-3397	317	21	of	of	ADP
fsr-3397	317	22	income	income	NOUN
fsr-3397	317	23	against	against	ADP
fsr-3397	317	24	which	which	PRON
fsr-3397	317	25	losses	loss	NOUN
fsr-3397	317	26	are	be	AUX
fsr-3397	317	27	eventually	eventually	ADV
fsr-3397	317	28	deducted	deduct	VERB
fsr-3397	317	29	and	and	CCONJ
fsr-3397	317	30	when	when	SCONJ
fsr-3397	317	31	the	the	DET
fsr-3397	317	32	deductions	deduction	NOUN
fsr-3397	317	33	occur	occur	VERB
fsr-3397	317	34	.	.	PUNCT
fsr-3397	318	1	275j	275j	NOUN
fsr-3397	318	2	.	.	PUNCT
fsr-3397	319	1	whitworth	whitworth	PROPN
fsr-3397	319	2	/	/	SYM
fsr-3397	319	3	financial	financial	ADJ
fsr-3397	319	4	services	service	NOUN
fsr-3397	319	5	review	review	VERB
fsr-3397	319	6	27	27	NUM
fsr-3397	319	7	(	(	PUNCT
fsr-3397	319	8	2018	2018	NUM
fsr-3397	319	9	)	)	PUNCT
fsr-3397	319	10	257	257	NUM
fsr-3397	319	11	-	-	SYM
fsr-3397	319	12	277	277	NUM
fsr-3397	319	13	references	reference	NOUN
fsr-3397	319	14	ackerman	ackerman	PROPN
fsr-3397	319	15	,	,	PUNCT
fsr-3397	319	16	d.	d.	PROPN
fsr-3397	319	17	,	,	PUNCT
fsr-3397	319	18	&	&	CCONJ
fsr-3397	319	19	auten	auten	PROPN
fsr-3397	319	20	,	,	PUNCT
fsr-3397	319	21	g.	g.	PROPN
fsr-3397	319	22	(	(	PUNCT
fsr-3397	319	23	2011	2011	NUM
fsr-3397	319	24	)	)	PUNCT
fsr-3397	319	25	.	.	PUNCT
fsr-3397	320	1	tax	tax	NOUN
fsr-3397	320	2	expenditures	expenditure	NOUN
fsr-3397	320	3	for	for	ADP
fsr-3397	320	4	noncash	noncash	NOUN
fsr-3397	320	5	charitable	charitable	ADJ
fsr-3397	320	6	contributions	contribution	NOUN
fsr-3397	320	7	.	.	PUNCT
fsr-3397	321	1	national	national	ADJ
fsr-3397	321	2	tax	tax	PROPN
fsr-3397	321	3	journal	journal	PROPN
fsr-3397	321	4	,	,	PUNCT
fsr-3397	321	5	64	64	NUM
fsr-3397	321	6	,	,	PUNCT
fsr-3397	321	7	651–688	651–688	NUM
fsr-3397	321	8	.	.	PUNCT
fsr-3397	322	1	aperio	aperio	PROPN
fsr-3397	322	2	group	group	PROPN
fsr-3397	322	3	.	.	PUNCT
fsr-3397	323	1	(	(	PUNCT
fsr-3397	323	2	2017	2017	NUM
fsr-3397	323	3	)	)	PUNCT
fsr-3397	323	4	.	.	PUNCT
fsr-3397	324	1	the	the	DET
fsr-3397	324	2	double	double	ADJ
fsr-3397	324	3	bottom	bottom	ADJ
fsr-3397	324	4	line	line	NOUN
fsr-3397	324	5	:	:	PUNCT
fsr-3397	324	6	tax	tax	NOUN
fsr-3397	324	7	-	-	PUNCT
fsr-3397	324	8	loss	loss	NOUN
fsr-3397	324	9	harvesting	harvesting	NOUN
fsr-3397	324	10	for	for	ADP
fsr-3397	324	11	the	the	DET
fsr-3397	324	12	altruistic	altruistic	ADJ
fsr-3397	324	13	investor	investor	NOUN
fsr-3397	324	14	[	[	X
fsr-3397	324	15	pdf	pdf	NOUN
fsr-3397	324	16	slides	slide	VERB
fsr-3397	324	17	]	]	PUNCT
fsr-3397	324	18	.	.	PUNCT
fsr-3397	325	1	(	(	PUNCT
fsr-3397	325	2	available	available	ADJ
fsr-3397	325	3	at	at	ADP
fsr-3397	325	4	https://www.aperiogroup.com/resource/623/node/download	https://www.aperiogroup.com/resource/623/node/download	NOUN
fsr-3397	325	5	)	)	PUNCT
fsr-3397	325	6	.	.	PUNCT
fsr-3397	326	1	bakija	bakija	NOUN
fsr-3397	326	2	,	,	PUNCT
fsr-3397	326	3	j.	j.	PROPN
fsr-3397	326	4	,	,	PUNCT
fsr-3397	326	5	&	&	CCONJ
fsr-3397	326	6	heim	heim	PROPN
fsr-3397	326	7	,	,	PUNCT
fsr-3397	326	8	b.	b.	PROPN
fsr-3397	326	9	t.	t.	PROPN
fsr-3397	326	10	(	(	PUNCT
fsr-3397	326	11	2011	2011	NUM
fsr-3397	326	12	)	)	PUNCT
fsr-3397	326	13	.	.	PUNCT
fsr-3397	327	1	how	how	SCONJ
fsr-3397	327	2	does	do	AUX
fsr-3397	327	3	charitable	charitable	ADJ
fsr-3397	327	4	giving	give	VERB
fsr-3397	327	5	respond	respond	NOUN
fsr-3397	327	6	to	to	ADP
fsr-3397	327	7	incentives	incentive	NOUN
fsr-3397	327	8	and	and	CCONJ
fsr-3397	327	9	income	income	NOUN
fsr-3397	327	10	?	?	PUNCT
fsr-3397	328	1	new	new	ADJ
fsr-3397	328	2	estimates	estimate	NOUN
fsr-3397	328	3	from	from	ADP
fsr-3397	328	4	panel	panel	NOUN
fsr-3397	328	5	data	datum	NOUN
fsr-3397	328	6	.	.	PUNCT
fsr-3397	329	1	national	national	ADJ
fsr-3397	329	2	tax	tax	PROPN
fsr-3397	329	3	journal	journal	PROPN
fsr-3397	329	4	,	,	PUNCT
fsr-3397	329	5	64	64	NUM
fsr-3397	329	6	,	,	PUNCT
fsr-3397	329	7	615–650	615–650	NUM
fsr-3397	329	8	.	.	PUNCT
fsr-3397	330	1	bessembinder	bessembinder	PROPN
fsr-3397	330	2	,	,	PUNCT
fsr-3397	330	3	h.	h.	PROPN
fsr-3397	330	4	(	(	PUNCT
fsr-3397	330	5	2018	2018	NUM
fsr-3397	330	6	)	)	PUNCT
fsr-3397	330	7	.	.	PUNCT
fsr-3397	331	1	do	do	AUX
fsr-3397	331	2	stocks	stock	NOUN
fsr-3397	331	3	outperform	outperform	VERB
fsr-3397	331	4	treasury	treasury	NOUN
fsr-3397	331	5	bills	bill	NOUN
fsr-3397	331	6	?	?	PUNCT
fsr-3397	332	1	journal	journal	NOUN
fsr-3397	332	2	of	of	ADP
fsr-3397	332	3	financial	financial	ADJ
fsr-3397	332	4	economics	economic	NOUN
fsr-3397	332	5	,	,	PUNCT
fsr-3397	332	6	129	129	NUM
fsr-3397	332	7	,	,	PUNCT
fsr-3397	332	8	440–457	440–457	NUM
fsr-3397	332	9	.	.	PUNCT
fsr-3397	333	1	booth	booth	PROPN
fsr-3397	333	2	,	,	PUNCT
fsr-3397	333	3	d.	d.	PROPN
fsr-3397	333	4	g.	g.	PROPN
fsr-3397	333	5	,	,	PUNCT
fsr-3397	333	6	&	&	CCONJ
fsr-3397	333	7	fama	fama	PROPN
fsr-3397	333	8	,	,	PUNCT
fsr-3397	333	9	e.	e.	PROPN
fsr-3397	333	10	f.	f.	PROPN
fsr-3397	333	11	(	(	PUNCT
fsr-3397	333	12	1992	1992	NUM
fsr-3397	333	13	)	)	PUNCT
fsr-3397	333	14	.	.	PUNCT
fsr-3397	334	1	diversification	diversification	NOUN
fsr-3397	334	2	returns	return	NOUN
fsr-3397	334	3	and	and	CCONJ
fsr-3397	334	4	asset	asset	NOUN
fsr-3397	334	5	contributions	contribution	NOUN
fsr-3397	334	6	.	.	PUNCT
fsr-3397	335	1	financial	financial	ADJ
fsr-3397	335	2	analysts	analyst	NOUN
fsr-3397	335	3	journal	journal	NOUN
fsr-3397	335	4	,	,	PUNCT
fsr-3397	335	5	48	48	NUM
fsr-3397	335	6	,	,	PUNCT
fsr-3397	335	7	26–32	26–32	NUM
fsr-3397	335	8	.	.	PUNCT
fsr-3397	336	1	bouchey	bouchey	PROPN
fsr-3397	336	2	,	,	PUNCT
fsr-3397	336	3	p.	p.	NOUN
fsr-3397	336	4	,	,	PUNCT
fsr-3397	336	5	nemtchinov	nemtchinov	NOUN
fsr-3397	336	6	,	,	PUNCT
fsr-3397	336	7	v.	v.	PROPN
fsr-3397	336	8	,	,	PUNCT
fsr-3397	336	9	paulsen	paulsen	PROPN
fsr-3397	336	10	,	,	PUNCT
fsr-3397	336	11	a.	a.	PROPN
fsr-3397	336	12	,	,	PUNCT
fsr-3397	336	13	&	&	CCONJ
fsr-3397	336	14	stein	stein	PROPN
fsr-3397	336	15	,	,	PUNCT
fsr-3397	336	16	d.	d.	PROPN
fsr-3397	336	17	m.	m.	PROPN
fsr-3397	336	18	(	(	PUNCT
fsr-3397	336	19	2012	2012	NUM
fsr-3397	336	20	)	)	PUNCT
fsr-3397	336	21	.	.	PUNCT
fsr-3397	337	1	volatility	volatility	NOUN
fsr-3397	337	2	harvesting	harvesting	NOUN
fsr-3397	337	3	:	:	PUNCT
fsr-3397	337	4	why	why	SCONJ
fsr-3397	337	5	does	do	AUX
fsr-3397	337	6	diversifying	diversify	VERB
fsr-3397	337	7	and	and	CCONJ
fsr-3397	337	8	rebalancing	rebalancing	NOUN
fsr-3397	337	9	create	create	VERB
fsr-3397	337	10	portfolio	portfolio	NOUN
fsr-3397	337	11	growth	growth	NOUN
fsr-3397	337	12	?	?	PUNCT
fsr-3397	338	1	journal	journal	NOUN
fsr-3397	338	2	of	of	ADP
fsr-3397	338	3	wealth	wealth	NOUN
fsr-3397	338	4	management	management	NOUN
fsr-3397	338	5	,	,	PUNCT
fsr-3397	338	6	15	15	NUM
fsr-3397	338	7	,	,	PUNCT
fsr-3397	338	8	26–35	26–35	NUM
fsr-3397	338	9	.	.	PUNCT
fsr-3397	338	10	boyle	boyle	PROPN
fsr-3397	338	11	,	,	PUNCT
fsr-3397	338	12	p.	p.	PROPN
fsr-3397	338	13	s.	s.	PROPN
fsr-3397	338	14	,	,	PUNCT
fsr-3397	338	15	loewy	loewy	PROPN
fsr-3397	338	16	,	,	PUNCT
fsr-3397	338	17	d.	d.	PROPN
fsr-3397	338	18	j.	j.	PROPN
fsr-3397	338	19	,	,	PUNCT
fsr-3397	338	20	reiss	reiss	PROPN
fsr-3397	338	21	,	,	PUNCT
fsr-3397	338	22	j.	j.	PROPN
fsr-3397	338	23	a.	a.	PROPN
fsr-3397	338	24	,	,	PUNCT
fsr-3397	338	25	&	&	CCONJ
fsr-3397	338	26	weiss	weiss	PROPN
fsr-3397	338	27	,	,	PUNCT
fsr-3397	338	28	r.	r.	PROPN
fsr-3397	338	29	a.	a.	PROPN
fsr-3397	338	30	(	(	PUNCT
fsr-3397	338	31	2004	2004	NUM
fsr-3397	338	32	)	)	PUNCT
fsr-3397	338	33	.	.	PUNCT
fsr-3397	339	1	the	the	DET
fsr-3397	339	2	enviable	enviable	ADJ
fsr-3397	339	3	dilemma	dilemma	NOUN
fsr-3397	339	4	:	:	PUNCT
fsr-3397	339	5	hold	hold	VERB
fsr-3397	339	6	,	,	PUNCT
fsr-3397	339	7	sell	sell	VERB
fsr-3397	339	8	,	,	PUNCT
fsr-3397	339	9	or	or	CCONJ
fsr-3397	339	10	hedge	hedge	VERB
fsr-3397	339	11	highly	highly	ADV
fsr-3397	339	12	concentrated	concentrate	VERB
fsr-3397	339	13	stock	stock	NOUN
fsr-3397	339	14	?	?	PUNCT
fsr-3397	340	1	journal	journal	NOUN
fsr-3397	340	2	of	of	ADP
fsr-3397	340	3	wealth	wealth	NOUN
fsr-3397	340	4	management	management	NOUN
fsr-3397	340	5	,	,	PUNCT
fsr-3397	340	6	7	7	NUM
fsr-3397	340	7	,	,	PUNCT
fsr-3397	340	8	30–44	30–44	NUM
fsr-3397	340	9	.	.	PUNCT
fsr-3397	341	1	bradley	bradley	PROPN
fsr-3397	341	2	,	,	PUNCT
fsr-3397	341	3	r.	r.	PROPN
fsr-3397	341	4	,	,	PUNCT
fsr-3397	341	5	holden	holden	PROPN
fsr-3397	341	6	,	,	PUNCT
fsr-3397	341	7	s.	s.	PROPN
fsr-3397	341	8	,	,	PUNCT
fsr-3397	341	9	&	&	CCONJ
fsr-3397	341	10	mcclelland	mcclelland	PROPN
fsr-3397	341	11	,	,	PUNCT
fsr-3397	341	12	r.	r.	PROPN
fsr-3397	341	13	(	(	PUNCT
fsr-3397	341	14	2000	2000	NUM
fsr-3397	341	15	)	)	PUNCT
fsr-3397	341	16	.	.	PUNCT
fsr-3397	342	1	a	a	DET
fsr-3397	342	2	robust	robust	ADJ
fsr-3397	342	3	estimation	estimation	NOUN
fsr-3397	342	4	of	of	ADP
fsr-3397	342	5	the	the	DET
fsr-3397	342	6	effects	effect	NOUN
fsr-3397	342	7	of	of	ADP
fsr-3397	342	8	taxation	taxation	NOUN
fsr-3397	342	9	on	on	ADP
fsr-3397	342	10	charitable	charitable	ADJ
fsr-3397	342	11	contributions	contribution	NOUN
fsr-3397	342	12	.	.	PUNCT
fsr-3397	343	1	bureau	bureau	NOUN
fsr-3397	343	2	of	of	ADP
fsr-3397	343	3	labor	labor	PROPN
fsr-3397	343	4	statistics	statistic	NOUN
fsr-3397	343	5	.	.	PUNCT
fsr-3397	344	1	mimeo	mimeo	NOUN
fsr-3397	344	2	.	.	PUNCT
fsr-3397	345	1	burman	burman	NOUN
fsr-3397	345	2	,	,	PUNCT
fsr-3397	345	3	l.	l.	PROPN
fsr-3397	345	4	e.	e.	PROPN
fsr-3397	345	5	,	,	PUNCT
fsr-3397	345	6	&	&	CCONJ
fsr-3397	345	7	randolph	randolph	PROPN
fsr-3397	345	8	,	,	PUNCT
fsr-3397	345	9	w.	w.	PROPN
fsr-3397	345	10	c.	c.	PROPN
fsr-3397	345	11	(	(	PUNCT
fsr-3397	345	12	1994	1994	NUM
fsr-3397	345	13	)	)	PUNCT
fsr-3397	345	14	.	.	PUNCT
fsr-3397	346	1	measuring	measure	VERB
fsr-3397	346	2	permanent	permanent	ADJ
fsr-3397	346	3	responses	response	NOUN
fsr-3397	346	4	to	to	ADP
fsr-3397	346	5	capital	capital	NOUN
fsr-3397	346	6	-	-	PUNCT
fsr-3397	346	7	gains	gain	NOUN
fsr-3397	346	8	tax	tax	NOUN
fsr-3397	346	9	changes	change	NOUN
fsr-3397	346	10	in	in	ADP
fsr-3397	346	11	panel	panel	NOUN
fsr-3397	346	12	data	datum	NOUN
fsr-3397	346	13	.	.	PUNCT
fsr-3397	347	1	american	american	PROPN
fsr-3397	347	2	economic	economic	PROPN
fsr-3397	347	3	review	review	PROPN
fsr-3397	347	4	,	,	PUNCT
fsr-3397	347	5	84	84	NUM
fsr-3397	347	6	,	,	PUNCT
fsr-3397	347	7	794–809	794–809	NUM
fsr-3397	347	8	.	.	PUNCT
fsr-3397	348	1	campbell	campbell	PROPN
fsr-3397	348	2	,	,	PUNCT
fsr-3397	348	3	j.	j.	PROPN
fsr-3397	348	4	y.	y.	PROPN
fsr-3397	348	5	,	,	PUNCT
fsr-3397	348	6	lettau	lettau	PROPN
fsr-3397	348	7	,	,	PUNCT
fsr-3397	348	8	m.	m.	NOUN
fsr-3397	348	9	,	,	PUNCT
fsr-3397	348	10	malkiel	malkiel	PROPN
fsr-3397	348	11	,	,	PUNCT
fsr-3397	348	12	b.	b.	PROPN
fsr-3397	348	13	g.	g.	PROPN
fsr-3397	348	14	,	,	PUNCT
fsr-3397	348	15	&	&	CCONJ
fsr-3397	348	16	xu	xu	PROPN
fsr-3397	348	17	,	,	PUNCT
fsr-3397	348	18	y.	y.	PROPN
fsr-3397	348	19	(	(	PUNCT
fsr-3397	348	20	2001	2001	NUM
fsr-3397	348	21	)	)	PUNCT
fsr-3397	348	22	.	.	PUNCT
fsr-3397	349	1	have	have	VERB
fsr-3397	349	2	individual	individual	ADJ
fsr-3397	349	3	stocks	stock	NOUN
fsr-3397	349	4	become	become	VERB
fsr-3397	349	5	more	more	ADV
fsr-3397	349	6	volatile	volatile	ADJ
fsr-3397	349	7	?	?	PUNCT
fsr-3397	350	1	an	an	DET
fsr-3397	350	2	empirical	empirical	ADJ
fsr-3397	350	3	exploration	exploration	NOUN
fsr-3397	350	4	of	of	ADP
fsr-3397	350	5	idiosyncratic	idiosyncratic	ADJ
fsr-3397	350	6	risk	risk	NOUN
fsr-3397	350	7	.	.	PUNCT
fsr-3397	351	1	journal	journal	NOUN
fsr-3397	351	2	of	of	ADP
fsr-3397	351	3	finance	finance	NOUN
fsr-3397	351	4	,	,	PUNCT
fsr-3397	351	5	56	56	NUM
fsr-3397	351	6	,	,	PUNCT
fsr-3397	351	7	1–43	1–43	PROPN
fsr-3397	351	8	.	.	PUNCT
fsr-3397	351	9	chan	chan	PROPN
fsr-3397	351	10	,	,	PUNCT
fsr-3397	351	11	k.	k.	PROPN
fsr-3397	351	12	c.	c.	PROPN
fsr-3397	351	13	,	,	PUNCT
fsr-3397	351	14	karceski	karceski	PROPN
fsr-3397	351	15	,	,	PUNCT
fsr-3397	351	16	j.	j.	PROPN
fsr-3397	351	17	,	,	PUNCT
fsr-3397	351	18	&	&	CCONJ
fsr-3397	351	19	lakonishok	lakonishok	PROPN
fsr-3397	351	20	,	,	PUNCT
fsr-3397	351	21	j.	j.	PROPN
fsr-3397	351	22	(	(	PUNCT
fsr-3397	351	23	1999	1999	NUM
fsr-3397	351	24	)	)	PUNCT
fsr-3397	351	25	.	.	PUNCT
fsr-3397	352	1	on	on	ADP
fsr-3397	352	2	portfolio	portfolio	NOUN
fsr-3397	352	3	optimization	optimization	NOUN
fsr-3397	352	4	:	:	PUNCT
fsr-3397	352	5	forecasting	forecasting	NOUN
fsr-3397	352	6	covariance	covariance	NOUN
fsr-3397	352	7	and	and	CCONJ
fsr-3397	352	8	choosing	choose	VERB
fsr-3397	352	9	the	the	DET
fsr-3397	352	10	risk	risk	NOUN
fsr-3397	352	11	model	model	NOUN
fsr-3397	352	12	.	.	PUNCT
fsr-3397	353	1	review	review	NOUN
fsr-3397	353	2	of	of	ADP
fsr-3397	353	3	financial	financial	ADJ
fsr-3397	353	4	studies	study	NOUN
fsr-3397	353	5	,	,	PUNCT
fsr-3397	353	6	12	12	NUM
fsr-3397	353	7	,	,	PUNCT
fsr-3397	353	8	937–974	937–974	NUM
fsr-3397	353	9	.	.	PUNCT
fsr-3397	354	1	constantinides	constantinide	VERB
fsr-3397	354	2	,	,	PUNCT
fsr-3397	354	3	g.	g.	PROPN
fsr-3397	354	4	m.	m.	PROPN
fsr-3397	354	5	(	(	PUNCT
fsr-3397	354	6	1983	1983	NUM
fsr-3397	354	7	)	)	PUNCT
fsr-3397	354	8	.	.	PUNCT
fsr-3397	355	1	capital	capital	NOUN
fsr-3397	355	2	market	market	NOUN
fsr-3397	355	3	equilibrium	equilibrium	NOUN
fsr-3397	355	4	with	with	ADP
fsr-3397	355	5	personal	personal	ADJ
fsr-3397	355	6	tax	tax	NOUN
fsr-3397	355	7	.	.	PUNCT
fsr-3397	356	1	econometrica	econometrica	PROPN
fsr-3397	356	2	,	,	PUNCT
fsr-3397	356	3	51	51	NUM
fsr-3397	356	4	,	,	PUNCT
fsr-3397	356	5	611–636	611–636	NUM
fsr-3397	356	6	.	.	PUNCT
fsr-3397	357	1	constantinides	constantinide	VERB
fsr-3397	357	2	,	,	PUNCT
fsr-3397	357	3	g.	g.	PROPN
fsr-3397	357	4	m.	m.	PROPN
fsr-3397	357	5	(	(	PUNCT
fsr-3397	357	6	1984	1984	NUM
fsr-3397	357	7	)	)	PUNCT
fsr-3397	357	8	.	.	PUNCT
fsr-3397	358	1	optimal	optimal	ADJ
fsr-3397	358	2	stock	stock	NOUN
fsr-3397	358	3	trading	trading	NOUN
fsr-3397	358	4	with	with	ADP
fsr-3397	358	5	personal	personal	ADJ
fsr-3397	358	6	taxes	taxis	NOUN
fsr-3397	358	7	:	:	PUNCT
fsr-3397	358	8	implication	implication	NOUN
fsr-3397	358	9	for	for	ADP
fsr-3397	358	10	prices	price	NOUN
fsr-3397	358	11	and	and	CCONJ
fsr-3397	358	12	the	the	DET
fsr-3397	358	13	abnormal	abnormal	ADJ
fsr-3397	358	14	january	january	PROPN
fsr-3397	358	15	return	return	NOUN
fsr-3397	358	16	.	.	PUNCT
fsr-3397	359	1	journal	journal	NOUN
fsr-3397	359	2	of	of	ADP
fsr-3397	359	3	financial	financial	ADJ
fsr-3397	359	4	economics	economic	NOUN
fsr-3397	359	5	,	,	PUNCT
fsr-3397	359	6	13	13	NUM
fsr-3397	359	7	,	,	PUNCT
fsr-3397	359	8	65–89	65–89	NUM
fsr-3397	359	9	.	.	PUNCT
fsr-3397	360	1	dammon	dammon	PROPN
fsr-3397	360	2	,	,	PUNCT
fsr-3397	360	3	r.	r.	PROPN
fsr-3397	360	4	m.	m.	PROPN
fsr-3397	360	5	,	,	PUNCT
fsr-3397	360	6	dunn	dunn	PROPN
fsr-3397	360	7	,	,	PUNCT
fsr-3397	360	8	k.	k.	PROPN
fsr-3397	360	9	b.	b.	PROPN
fsr-3397	360	10	,	,	PUNCT
fsr-3397	360	11	&	&	CCONJ
fsr-3397	360	12	spatt	spatt	PROPN
fsr-3397	360	13	,	,	PUNCT
fsr-3397	360	14	c.	c.	PROPN
fsr-3397	360	15	s.	s.	PROPN
fsr-3397	360	16	(	(	PUNCT
fsr-3397	360	17	1989	1989	NUM
fsr-3397	360	18	)	)	PUNCT
fsr-3397	360	19	.	.	PUNCT
fsr-3397	361	1	a	a	DET
fsr-3397	361	2	reexamination	reexamination	NOUN
fsr-3397	361	3	of	of	ADP
fsr-3397	361	4	the	the	DET
fsr-3397	361	5	value	value	NOUN
fsr-3397	361	6	of	of	ADP
fsr-3397	361	7	tax	tax	NOUN
fsr-3397	361	8	options	option	NOUN
fsr-3397	361	9	.	.	PUNCT
fsr-3397	362	1	review	review	NOUN
fsr-3397	362	2	of	of	ADP
fsr-3397	362	3	financial	financial	ADJ
fsr-3397	362	4	studies	study	NOUN
fsr-3397	362	5	,	,	PUNCT
fsr-3397	362	6	2	2	NUM
fsr-3397	362	7	,	,	PUNCT
fsr-3397	362	8	341–372	341–372	NUM
fsr-3397	362	9	.	.	PUNCT
fsr-3397	363	1	erb	erb	PROPN
fsr-3397	363	2	,	,	PUNCT
fsr-3397	363	3	c.	c.	PROPN
fsr-3397	363	4	b.	b.	PROPN
fsr-3397	363	5	,	,	PUNCT
fsr-3397	363	6	&	&	CCONJ
fsr-3397	363	7	harvey	harvey	PROPN
fsr-3397	363	8	,	,	PUNCT
fsr-3397	363	9	c.	c.	PROPN
fsr-3397	363	10	r.	r.	PROPN
fsr-3397	363	11	(	(	PUNCT
fsr-3397	363	12	2006	2006	NUM
fsr-3397	363	13	)	)	PUNCT
fsr-3397	363	14	.	.	PUNCT
fsr-3397	364	1	the	the	DET
fsr-3397	364	2	strategic	strategic	ADJ
fsr-3397	364	3	and	and	CCONJ
fsr-3397	364	4	tactical	tactical	ADJ
fsr-3397	364	5	value	value	NOUN
fsr-3397	364	6	of	of	ADP
fsr-3397	364	7	commodity	commodity	NOUN
fsr-3397	364	8	futures	future	NOUN
fsr-3397	364	9	.	.	PUNCT
fsr-3397	365	1	financial	financial	ADJ
fsr-3397	365	2	analysts	analyst	NOUN
fsr-3397	365	3	journal	journal	NOUN
fsr-3397	365	4	,	,	PUNCT
fsr-3397	365	5	62	62	NUM
fsr-3397	365	6	,	,	PUNCT
fsr-3397	365	7	69–97	69–97	NUM
fsr-3397	365	8	.	.	PUNCT
fsr-3397	366	1	fama	fama	PROPN
fsr-3397	366	2	,	,	PUNCT
fsr-3397	366	3	e.	e.	PROPN
fsr-3397	366	4	f.	f.	PROPN
fsr-3397	366	5	(	(	PUNCT
fsr-3397	366	6	1970	1970	NUM
fsr-3397	366	7	)	)	PUNCT
fsr-3397	366	8	.	.	PUNCT
fsr-3397	367	1	efficient	efficient	ADJ
fsr-3397	367	2	capital	capital	NOUN
fsr-3397	367	3	markets	market	NOUN
fsr-3397	367	4	:	:	PUNCT
fsr-3397	367	5	a	a	DET
fsr-3397	367	6	review	review	NOUN
fsr-3397	367	7	of	of	ADP
fsr-3397	367	8	theory	theory	NOUN
fsr-3397	367	9	and	and	CCONJ
fsr-3397	367	10	empirical	empirical	ADJ
fsr-3397	367	11	work	work	NOUN
fsr-3397	367	12	.	.	PUNCT
fsr-3397	368	1	journal	journal	PROPN
fsr-3397	368	2	of	of	ADP
fsr-3397	368	3	finance	finance	NOUN
fsr-3397	368	4	,	,	PUNCT
fsr-3397	368	5	25	25	NUM
fsr-3397	368	6	,	,	PUNCT
fsr-3397	368	7	383–417	383–417	NUM
fsr-3397	368	8	.	.	PUNCT
fsr-3397	369	1	fama	fama	PROPN
fsr-3397	369	2	,	,	PUNCT
fsr-3397	369	3	e.	e.	PROPN
fsr-3397	369	4	f.	f.	PROPN
fsr-3397	369	5	(	(	PUNCT
fsr-3397	369	6	1991	1991	NUM
fsr-3397	369	7	)	)	PUNCT
fsr-3397	369	8	.	.	PUNCT
fsr-3397	370	1	efficient	efficient	ADJ
fsr-3397	370	2	capital	capital	NOUN
fsr-3397	370	3	markets	market	NOUN
fsr-3397	370	4	:	:	PUNCT
fsr-3397	370	5	ii	ii	PROPN
fsr-3397	370	6	.	.	PROPN
fsr-3397	370	7	journal	journal	PROPN
fsr-3397	370	8	of	of	ADP
fsr-3397	370	9	finance	finance	NOUN
fsr-3397	370	10	,	,	PUNCT
fsr-3397	370	11	46	46	NUM
fsr-3397	370	12	,	,	PUNCT
fsr-3397	370	13	1575–1617	1575–1617	NUM
fsr-3397	370	14	.	.	PUNCT
fsr-3397	371	1	feld	feld	PROPN
fsr-3397	371	2	,	,	PUNCT
fsr-3397	371	3	a.	a.	NOUN
fsr-3397	371	4	(	(	PUNCT
fsr-3397	371	5	1999	1999	NUM
fsr-3397	371	6	)	)	PUNCT
fsr-3397	371	7	.	.	PUNCT
fsr-3397	372	1	high	high	ADJ
fsr-3397	372	2	exposure	exposure	NOUN
fsr-3397	372	3	to	to	ADP
fsr-3397	372	4	low	low	ADJ
fsr-3397	372	5	-	-	PUNCT
fsr-3397	372	6	basis	basis	NOUN
fsr-3397	372	7	stock	stock	NOUN
fsr-3397	372	8	:	:	PUNCT
fsr-3397	372	9	too	too	ADV
fsr-3397	372	10	much	much	ADJ
fsr-3397	372	11	of	of	ADP
fsr-3397	372	12	a	a	DET
fsr-3397	372	13	good	good	ADJ
fsr-3397	372	14	thing	thing	NOUN
fsr-3397	372	15	?	?	PUNCT
fsr-3397	373	1	cpa	cpa	PROPN
fsr-3397	373	2	journal	journal	NOUN
fsr-3397	373	3	,	,	PUNCT
fsr-3397	373	4	69	69	NUM
fsr-3397	373	5	,	,	PUNCT
fsr-3397	373	6	60–65	60–65	NUM
fsr-3397	373	7	.	.	PUNCT
fsr-3397	374	1	fraser	fraser	PROPN
fsr-3397	374	2	,	,	PUNCT
fsr-3397	374	3	s.	s.	PROPN
fsr-3397	374	4	p.	p.	PROPN
fsr-3397	374	5	,	,	PUNCT
fsr-3397	374	6	&	&	CCONJ
fsr-3397	374	7	jennings	jennings	PROPN
fsr-3397	374	8	,	,	PUNCT
fsr-3397	374	9	w.	w.	PROPN
fsr-3397	374	10	w.	w.	PROPN
fsr-3397	374	11	(	(	PUNCT
fsr-3397	374	12	2010	2010	NUM
fsr-3397	374	13	)	)	PUNCT
fsr-3397	374	14	.	.	PUNCT
fsr-3397	375	1	examining	examine	VERB
fsr-3397	375	2	the	the	DET
fsr-3397	375	3	use	use	NOUN
fsr-3397	375	4	of	of	ADP
fsr-3397	375	5	investment	investment	NOUN
fsr-3397	375	6	policy	policy	NOUN
fsr-3397	375	7	statements	statement	NOUN
fsr-3397	375	8	.	.	PUNCT
fsr-3397	376	1	journal	journal	NOUN
fsr-3397	376	2	of	of	ADP
fsr-3397	376	3	wealth	wealth	NOUN
fsr-3397	376	4	management	management	NOUN
fsr-3397	376	5	,	,	PUNCT
fsr-3397	376	6	13	13	NUM
fsr-3397	376	7	,	,	PUNCT
fsr-3397	376	8	10–22	10–22	NUM
fsr-3397	376	9	.	.	PUNCT
fsr-3397	377	1	greene	greene	PROPN
fsr-3397	377	2	,	,	PUNCT
fsr-3397	377	3	p.	p.	PROPN
fsr-3397	377	4	,	,	PUNCT
fsr-3397	377	5	&	&	CCONJ
fsr-3397	377	6	mcclelland	mcclelland	PROPN
fsr-3397	377	7	,	,	PUNCT
fsr-3397	377	8	r.	r.	PROPN
fsr-3397	377	9	(	(	PUNCT
fsr-3397	377	10	2001	2001	NUM
fsr-3397	377	11	)	)	PUNCT
fsr-3397	377	12	.	.	PUNCT
fsr-3397	378	1	taxes	taxis	NOUN
fsr-3397	378	2	and	and	CCONJ
fsr-3397	378	3	charitable	charitable	ADJ
fsr-3397	378	4	giving	giving	NOUN
fsr-3397	378	5	.	.	PUNCT
fsr-3397	379	1	national	national	ADJ
fsr-3397	379	2	tax	tax	PROPN
fsr-3397	379	3	journal	journal	PROPN
fsr-3397	379	4	,	,	PUNCT
fsr-3397	379	5	54	54	NUM
fsr-3397	379	6	,	,	PUNCT
fsr-3397	379	7	433–453	433–453	NUM
fsr-3397	379	8	.	.	PUNCT
fsr-3397	380	1	horan	horan	PROPN
fsr-3397	380	2	,	,	PUNCT
fsr-3397	380	3	s.	s.	PROPN
fsr-3397	380	4	m.	m.	PROPN
fsr-3397	380	5	(	(	PUNCT
fsr-3397	380	6	2005	2005	NUM
fsr-3397	380	7	)	)	PUNCT
fsr-3397	380	8	.	.	PUNCT
fsr-3397	381	1	tax	tax	NOUN
fsr-3397	381	2	-	-	PUNCT
fsr-3397	381	3	advantaged	advantage	VERB
fsr-3397	381	4	savings	saving	NOUN
fsr-3397	381	5	accounts	account	NOUN
fsr-3397	381	6	and	and	CCONJ
fsr-3397	381	7	tax	tax	NOUN
fsr-3397	381	8	-	-	PUNCT
fsr-3397	381	9	efficient	efficient	ADJ
fsr-3397	381	10	wealth	wealth	NOUN
fsr-3397	381	11	accumulation	accumulation	NOUN
fsr-3397	381	12	.	.	PUNCT
fsr-3397	382	1	research	research	NOUN
fsr-3397	382	2	foundation	foundation	PROPN
fsr-3397	382	3	of	of	ADP
fsr-3397	382	4	cfa	cfa	PROPN
fsr-3397	382	5	institute	institute	PROPN
fsr-3397	382	6	.	.	PUNCT
fsr-3397	383	1	malkiel	malkiel	PROPN
fsr-3397	383	2	,	,	PUNCT
fsr-3397	383	3	b.	b.	PROPN
fsr-3397	383	4	g.	g.	PROPN
fsr-3397	383	5	(	(	PUNCT
fsr-3397	383	6	2003	2003	NUM
fsr-3397	383	7	)	)	PUNCT
fsr-3397	383	8	.	.	PUNCT
fsr-3397	384	1	the	the	DET
fsr-3397	384	2	efficient	efficient	ADJ
fsr-3397	384	3	market	market	NOUN
fsr-3397	384	4	hypothesis	hypothesis	NOUN
fsr-3397	384	5	and	and	CCONJ
fsr-3397	384	6	its	its	PRON
fsr-3397	384	7	critics	critic	NOUN
fsr-3397	384	8	.	.	PUNCT
fsr-3397	385	1	journal	journal	NOUN
fsr-3397	385	2	of	of	ADP
fsr-3397	385	3	economic	economic	ADJ
fsr-3397	385	4	perspectives	perspective	NOUN
fsr-3397	385	5	,	,	PUNCT
fsr-3397	385	6	17	17	NUM
fsr-3397	385	7	,	,	PUNCT
fsr-3397	385	8	59–82	59–82	NUM
fsr-3397	385	9	.	.	PUNCT
fsr-3397	386	1	reichenstein	reichenstein	PROPN
fsr-3397	386	2	,	,	PUNCT
fsr-3397	386	3	w.	w.	PROPN
fsr-3397	386	4	(	(	PUNCT
fsr-3397	386	5	2007	2007	NUM
fsr-3397	386	6	)	)	PUNCT
fsr-3397	386	7	.	.	PUNCT
fsr-3397	387	1	calculating	calculate	VERB
fsr-3397	387	2	after	after	ADP
fsr-3397	387	3	-	-	PUNCT
fsr-3397	387	4	tax	tax	NOUN
fsr-3397	387	5	allocation	allocation	NOUN
fsr-3397	387	6	is	be	AUX
fsr-3397	387	7	key	key	ADJ
fsr-3397	387	8	to	to	ADP
fsr-3397	387	9	determining	determine	VERB
fsr-3397	387	10	risk	risk	NOUN
fsr-3397	387	11	,	,	PUNCT
fsr-3397	387	12	returns	return	NOUN
fsr-3397	387	13	,	,	PUNCT
fsr-3397	387	14	and	and	CCONJ
fsr-3397	387	15	asset	asset	NOUN
fsr-3397	387	16	location	location	NOUN
fsr-3397	387	17	.	.	PUNCT
fsr-3397	388	1	journal	journal	NOUN
fsr-3397	388	2	of	of	ADP
fsr-3397	388	3	financial	financial	ADJ
fsr-3397	388	4	planning	planning	NOUN
fsr-3397	388	5	,	,	PUNCT
fsr-3397	388	6	20	20	NUM
fsr-3397	388	7	,	,	PUNCT
fsr-3397	388	8	44–53	44–53	NUM
fsr-3397	388	9	.	.	PUNCT
fsr-3397	389	1	shoven	shoven	PROPN
fsr-3397	389	2	,	,	PUNCT
fsr-3397	389	3	j.	j.	PROPN
fsr-3397	389	4	b.	b.	PROPN
fsr-3397	389	5	,	,	PUNCT
fsr-3397	389	6	&	&	CCONJ
fsr-3397	389	7	sialm	sialm	PROPN
fsr-3397	389	8	,	,	PUNCT
fsr-3397	389	9	c.	c.	PROPN
fsr-3397	389	10	(	(	PUNCT
fsr-3397	389	11	2003	2003	NUM
fsr-3397	389	12	)	)	PUNCT
fsr-3397	389	13	.	.	PUNCT
fsr-3397	390	1	asset	asset	NOUN
fsr-3397	390	2	location	location	NOUN
fsr-3397	390	3	in	in	ADP
fsr-3397	390	4	tax	tax	NOUN
fsr-3397	390	5	-	-	PUNCT
fsr-3397	390	6	deferred	defer	VERB
fsr-3397	390	7	and	and	CCONJ
fsr-3397	390	8	conventional	conventional	ADJ
fsr-3397	390	9	savings	saving	NOUN
fsr-3397	390	10	accounts	account	NOUN
fsr-3397	390	11	.	.	PUNCT
fsr-3397	391	1	journal	journal	NOUN
fsr-3397	391	2	of	of	ADP
fsr-3397	391	3	public	public	ADJ
fsr-3397	391	4	economics	economic	NOUN
fsr-3397	391	5	,	,	PUNCT
fsr-3397	391	6	88	88	NUM
fsr-3397	391	7	,	,	PUNCT
fsr-3397	391	8	23–38	23–38	NUM
fsr-3397	391	9	.	.	PUNCT
fsr-3397	392	1	smith	smith	PROPN
fsr-3397	392	2	,	,	PUNCT
fsr-3397	392	3	m.	m.	PROPN
fsr-3397	392	4	h.	h.	PROPN
fsr-3397	392	5	,	,	PUNCT
fsr-3397	392	6	&	&	CCONJ
fsr-3397	392	7	smith	smith	PROPN
fsr-3397	392	8	,	,	PUNCT
fsr-3397	392	9	g.	g.	PROPN
fsr-3397	392	10	(	(	PUNCT
fsr-3397	392	11	2008	2008	NUM
fsr-3397	392	12	)	)	PUNCT
fsr-3397	392	13	.	.	PUNCT
fsr-3397	393	1	harvesting	harvesting	NOUN
fsr-3397	393	2	capital	capital	NOUN
fsr-3397	393	3	gains	gain	NOUN
fsr-3397	393	4	and	and	CCONJ
fsr-3397	393	5	losses	loss	NOUN
fsr-3397	393	6	.	.	PUNCT
fsr-3397	394	1	financial	financial	ADJ
fsr-3397	394	2	services	service	NOUN
fsr-3397	394	3	review	review	PROPN
fsr-3397	394	4	,	,	PUNCT
fsr-3397	394	5	17	17	NUM
fsr-3397	394	6	,	,	PUNCT
fsr-3397	394	7	309–321	309–321	NUM
fsr-3397	394	8	.	.	PUNCT
fsr-3397	395	1	statman	statman	NOUN
fsr-3397	395	2	,	,	PUNCT
fsr-3397	395	3	m.	m.	NOUN
fsr-3397	395	4	(	(	PUNCT
fsr-3397	395	5	1987	1987	NUM
fsr-3397	395	6	)	)	PUNCT
fsr-3397	395	7	.	.	PUNCT
fsr-3397	396	1	how	how	SCONJ
fsr-3397	396	2	many	many	ADJ
fsr-3397	396	3	stocks	stock	NOUN
fsr-3397	396	4	make	make	VERB
fsr-3397	396	5	a	a	DET
fsr-3397	396	6	diversified	diversified	ADJ
fsr-3397	396	7	portfolio	portfolio	NOUN
fsr-3397	396	8	?	?	PUNCT
fsr-3397	397	1	journal	journal	NOUN
fsr-3397	397	2	of	of	ADP
fsr-3397	397	3	financial	financial	ADJ
fsr-3397	397	4	and	and	CCONJ
fsr-3397	397	5	quantitative	quantitative	ADJ
fsr-3397	397	6	analysis	analysis	NOUN
fsr-3397	397	7	,	,	PUNCT
fsr-3397	397	8	22	22	NUM
fsr-3397	397	9	,	,	PUNCT
fsr-3397	397	10	353–363	353–363	NUM
fsr-3397	397	11	.	.	PUNCT
fsr-3397	398	1	stein	stein	PROPN
fsr-3397	398	2	,	,	PUNCT
fsr-3397	398	3	d.	d.	PROPN
fsr-3397	398	4	m.	m.	PROPN
fsr-3397	398	5	,	,	PUNCT
fsr-3397	398	6	vadlamudi	vadlamudi	NOUN
fsr-3397	398	7	,	,	PUNCT
fsr-3397	398	8	h.	h.	PROPN
fsr-3397	398	9	,	,	PUNCT
fsr-3397	398	10	&	&	CCONJ
fsr-3397	398	11	bouchey	bouchey	PROPN
fsr-3397	398	12	,	,	PUNCT
fsr-3397	398	13	p.	p.	NOUN
fsr-3397	398	14	(	(	PUNCT
fsr-3397	398	15	2008	2008	NUM
fsr-3397	398	16	)	)	PUNCT
fsr-3397	398	17	.	.	PUNCT
fsr-3397	399	1	enhancing	enhance	VERB
fsr-3397	399	2	active	active	ADJ
fsr-3397	399	3	tax	tax	NOUN
fsr-3397	399	4	management	management	NOUN
fsr-3397	399	5	through	through	ADP
fsr-3397	399	6	the	the	DET
fsr-3397	399	7	realization	realization	NOUN
fsr-3397	399	8	of	of	ADP
fsr-3397	399	9	capital	capital	NOUN
fsr-3397	399	10	gains	gain	NOUN
fsr-3397	399	11	.	.	PUNCT
fsr-3397	400	1	journal	journal	NOUN
fsr-3397	400	2	of	of	ADP
fsr-3397	400	3	wealth	wealth	NOUN
fsr-3397	400	4	management	management	NOUN
fsr-3397	400	5	,	,	PUNCT
fsr-3397	400	6	10	10	NUM
fsr-3397	400	7	,	,	PUNCT
fsr-3397	400	8	9–168	9–168	NUM
fsr-3397	400	9	.	.	NOUN
fsr-3397	400	10	276	276	NUM
fsr-3397	400	11	j.	j.	PROPN
fsr-3397	400	12	whitworth	whitworth	PROPN
fsr-3397	400	13	/	/	SYM
fsr-3397	400	14	financial	financial	ADJ
fsr-3397	400	15	services	service	NOUN
fsr-3397	400	16	review	review	VERB
fsr-3397	400	17	27	27	NUM
fsr-3397	400	18	(	(	PUNCT
fsr-3397	400	19	2018	2018	NUM
fsr-3397	400	20	)	)	PUNCT
fsr-3397	400	21	257	257	NUM
fsr-3397	400	22	-	-	SYM
fsr-3397	400	23	277	277	NUM
fsr-3397	400	24	welch	welch	PROPN
fsr-3397	400	25	,	,	PUNCT
fsr-3397	400	26	s.	s.	PROPN
fsr-3397	400	27	(	(	PUNCT
fsr-3397	400	28	2002	2002	NUM
fsr-3397	400	29	)	)	PUNCT
fsr-3397	400	30	.	.	PUNCT
fsr-3397	401	1	comparing	compare	VERB
fsr-3397	401	2	financial	financial	ADJ
fsr-3397	401	3	and	and	CCONJ
fsr-3397	401	4	charitable	charitable	ADJ
fsr-3397	401	5	techniques	technique	NOUN
fsr-3397	401	6	for	for	ADP
fsr-3397	401	7	disposing	dispose	VERB
fsr-3397	401	8	of	of	ADP
fsr-3397	401	9	low	low	ADJ
fsr-3397	401	10	basis	basis	NOUN
fsr-3397	401	11	stock	stock	NOUN
fsr-3397	401	12	.	.	PUNCT
fsr-3397	402	1	journal	journal	PROPN
fsr-3397	402	2	of	of	ADP
fsr-3397	402	3	wealth	wealth	NOUN
fsr-3397	402	4	management	management	NOUN
fsr-3397	402	5	,	,	PUNCT
fsr-3397	402	6	4	4	NUM
fsr-3397	402	7	,	,	PUNCT
fsr-3397	402	8	37–46	37–46	NUM
fsr-3397	402	9	.	.	PUNCT
fsr-3397	403	1	whitworth	whitworth	PROPN
fsr-3397	403	2	,	,	PUNCT
fsr-3397	403	3	j.	j.	PROPN
fsr-3397	403	4	,	,	PUNCT
fsr-3397	403	5	&	&	CCONJ
fsr-3397	403	6	mccormack	mccormack	PROPN
fsr-3397	403	7	,	,	PUNCT
fsr-3397	403	8	j.	j.	PROPN
fsr-3397	403	9	(	(	PUNCT
fsr-3397	403	10	2011	2011	NUM
fsr-3397	403	11	)	)	PUNCT
fsr-3397	403	12	.	.	PUNCT
fsr-3397	404	1	tax	tax	NOUN
fsr-3397	404	2	-	-	PUNCT
fsr-3397	404	3	efficient	efficient	ADJ
fsr-3397	404	4	stock	stock	NOUN
fsr-3397	404	5	investing	invest	VERB
fsr-3397	404	6	for	for	ADP
fsr-3397	404	7	charitable	charitable	ADJ
fsr-3397	404	8	donors	donor	NOUN
fsr-3397	404	9	.	.	PUNCT
fsr-3397	405	1	journal	journal	NOUN
fsr-3397	405	2	of	of	ADP
fsr-3397	405	3	financial	financial	ADJ
fsr-3397	405	4	planning	planning	NOUN
fsr-3397	405	5	,	,	PUNCT
fsr-3397	405	6	24	24	NUM
fsr-3397	405	7	,	,	PUNCT
fsr-3397	405	8	39–44	39–44	NUM
fsr-3397	405	9	.	.	NOUN
fsr-3397	405	10	willenbrock	willenbrock	NOUN
fsr-3397	405	11	,	,	PUNCT
fsr-3397	405	12	s.	s.	PROPN
fsr-3397	405	13	(	(	PUNCT
fsr-3397	405	14	2011	2011	NUM
fsr-3397	405	15	)	)	PUNCT
fsr-3397	405	16	.	.	PUNCT
fsr-3397	406	1	diversification	diversification	NOUN
fsr-3397	406	2	return	return	NOUN
fsr-3397	406	3	,	,	PUNCT
fsr-3397	406	4	portfolio	portfolio	NOUN
fsr-3397	406	5	rebalancing	rebalancing	NOUN
fsr-3397	406	6	,	,	PUNCT
fsr-3397	406	7	and	and	CCONJ
fsr-3397	406	8	the	the	DET
fsr-3397	406	9	commodity	commodity	NOUN
fsr-3397	406	10	return	return	NOUN
fsr-3397	406	11	puzzle	puzzle	NOUN
fsr-3397	406	12	.	.	PUNCT
fsr-3397	407	1	financial	financial	ADJ
fsr-3397	407	2	analysts	analyst	NOUN
fsr-3397	407	3	journal	journal	NOUN
fsr-3397	407	4	,	,	PUNCT
fsr-3397	407	5	67	67	NUM
fsr-3397	407	6	,	,	PUNCT
fsr-3397	407	7	42–49	42–49	NUM
fsr-3397	407	8	.	.	PUNCT
fsr-3397	408	1	277j	277j	PROPN
fsr-3397	408	2	.	.	PUNCT
fsr-3397	409	1	whitworth	whitworth	PROPN
fsr-3397	409	2	/	/	SYM
fsr-3397	409	3	financial	financial	ADJ
fsr-3397	409	4	services	service	NOUN
fsr-3397	409	5	review	review	VERB
fsr-3397	409	6	27	27	NUM
fsr-3397	409	7	(	(	PUNCT
fsr-3397	409	8	2018	2018	NUM
fsr-3397	409	9	)	)	PUNCT
fsr-3397	409	10	257	257	NUM
fsr-3397	409	11	-	-	SYM
fsr-3397	409	12	277	277	NUM