Just saw this thread. As you suggested there is no good answer. I also have virtually no tax deferred accounts. We have exchanged comments on other threads. My stock allocation is only 25% but my investment real estate allocation(mostly apartment complexes) makes up the difference. So far.....I have delayed capital gains (by not selling) to a great extent which given the rise in the market has worked out. Since I do not need the money from the stock I am continuing to reinvest dividends. Like you I have already tax loss harvested all losses and I am sitting on all gains among about 30 individual stocks.
I have owned many of my positions for a number of years and watch the market everyday. When I think it is time to sell a stock I do so and simply hold my nose regarding the tax issue. So the tax issue is a strong incentive not to sell but in a few instances this preference has been overcome by what I have personally determined is "irrational exuberance" in a particular stock.
What I am finding more difficult is the ability to replace my matured/called municipal bonds. Because the amount of new issues has been limited (effected by the new tax law which limits the ability to issue advance refunding and private activity bonds), there is high demand and interest rates have remained low. I am simply not willing to go out 25 years to get a 4.0% yield. I normally hold until maturity and a 25 year bond would mature when I'm 83. So cash has been accumulating. Some of that has went into real estate and some into stock. It is important to remember that these are all good problems to have.
I have owned many of my positions for a number of years and watch the market everyday. When I think it is time to sell a stock I do so and simply hold my nose regarding the tax issue. So the tax issue is a strong incentive not to sell but in a few instances this preference has been overcome by what I have personally determined is "irrational exuberance" in a particular stock.
What I am finding more difficult is the ability to replace my matured/called municipal bonds. Because the amount of new issues has been limited (effected by the new tax law which limits the ability to issue advance refunding and private activity bonds), there is high demand and interest rates have remained low. I am simply not willing to go out 25 years to get a 4.0% yield. I normally hold until maturity and a 25 year bond would mature when I'm 83. So cash has been accumulating. Some of that has went into real estate and some into stock. It is important to remember that these are all good problems to have.
