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Financial Diversification

All articles tagged with #financial diversification

businessfinance1 year ago

"High-net-worth Americans seek second passports amid uncertainty"

Wealthy Americans are increasingly seeking second passports through dual citizenship programs offered by countries like Portugal, Malta, Greece, and Italy as a hedge against potential "volatility and uncertainty." The law firm Henley & Partners has noted a surge in U.S. citizens pursuing this option, citing concerns about financial safety, business travel, and geopolitical risks. The trend reflects a broader global migration of millionaires seeking retirement options abroad, with the United States remaining a top destination for the wealthy despite an increase in millionaire migration to other countries.

business2 years ago

JPMorgan CEO Dimon to Sell $141 Million Worth of Company Stock

JPMorgan Chase CEO Jamie Dimon plans to sell 1 million of his 8.6 million shares in the bank, worth approximately $141 million, for financial diversification and tax-planning purposes. This will be the first time Dimon has sold any of his stake in the bank in almost 18 years. The sale represents less than 10% of his holdings and is not related to leadership succession. While some investors may view executive share sales as a negative sign, analysts believe that JPMorgan's strong balance sheet and Dimon's continued belief in the company's prospects mitigate concerns.