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Moguls cash in on record-high market
When the market is at record highs, that's a great time to convert paper wealth to cash dollars. Just ask JPMorgan's Jamie Dimon, Meta's Mark Zuckerberg, or Amazon's Jeff Bezos — all of whom have been selling a lot of stock of late. Why it matters: It makes sense even for billionaires to diversify out of having the overwhelming majority of their wealth in a single stock. Now's a great time to do just that. By the numbers: Between them, the three moguls have sold $9.3 billion of stock in less than a month, per Jonathan Moreland of Insider Insights. • Dimon sold $150 million of JPMorgan shares on Feb. 22. ... (full story)
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- Posted: Feb 25, 2024 5:31pm
- Submitted by:Category: Entertainment NewsComments: 0 / Views: 5,879
