Take a look at our March newsletter!
MARCH 2024
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PATRIOT WEALTH
Amplify Empathy TUNE IN TO THE POWER OF LISTENING
Amidst the hustle and bustle of our daily lives, finding moments of genuine connection can feel like a rare treasure. In a world saturated with distractions, the art of attentive listening becomes
Mindful listening is a cornerstone of our interactions, guiding us to be fully present in every moment. By prioritizing listening over speaking, we create an inclusive culture where everyone’s opinions are valued. This mindful approach enables us to help implement planning and investment strategies that align with our clients’ unique financial goals and objectives, ensuring their peace of mind and financial well-being. Effective communication is paramount within our close- knit community. We foster a collaborative environment where diverse viewpoints are actively listened to and considered, leading to the development of tailored solutions for our clients. Every individual’s financial journey is unique, shaped by personal aspirations, concerns, and values. Our commitment to always keeping our clients’ best interests in mind underscores our dedication to their financial success and fulfillment. As Ernest Hemingway once said, “When people talk, listen completely. Most people never listen.” At Patriot Wealth, we strive to listen not only with our ears but with our hearts, recognizing our clients as valued partners in their journey to a life well lived. –Wes White & Austin Kobilka
increasingly vital. Throughout this month, we celebrate the transformative power of truly
“Mindful listening is a cornerstone of our interactions,
hearing one another and the profound impact it has on our relationships,
communities, and personal growth.
guiding us to be fully present in every moment.”
At Patriot Wealth, we hold the value of careful listening at the core of our practice. We recognize that active listening is more than just hearing words; it’s about empathetically understanding perspectives, drawing upon psychological insights to grasp motivations and needs.
This approach allows us to cultivate deeper connections with our clients,
understanding their individual stories and financial aspirations on a profound level.
These articles are designed to provide general information on the subjects covered. They are not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Patriot Wealth and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney. Investment Advisory Services is offered through Retirement Wealth Advisors (RWA), a Registered Investment Advisor. Patriot Wealth and RWA are not affiliated. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.
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Unlocking Access to Bitcoin: The Ris
Bitcoin, the digital currency that has taken the financial world by storm, has made yet another significant leap into the mainstream investment arena through the introduction of Bitcoin Exchange-Traded Funds (ETFs). These innovative financial instruments offer a gateway for traditional investors to gain exposure to the world of cryptocurrencies without the complexities of directly owning and managing digital assets. WHAT ARE BITCOIN ETFS? Bitcoin ETFs are investment funds that track the price of Bitcoin and trade on traditional stock exchanges, just like stocks. They enable investors to buy and sell shares in the fund, which represent ownership of a portion of Bitcoin held by the fund. This indirect exposure to Bitcoin allows investors to participate in its potential growth while mitigating some of the risks associated with owning and storing digital assets. THE SIGNIFICANCE OF BITCOIN ETFS The introduction of Bitcoin ETFs marks a significant milestone in the evolution of the cryptocurrency market. For years, institutional investors and traditional financial institutions have remained on the sidelines, deterred by regulatory uncertainties and operational complexities surrounding cryptocurrency
investments. However, the approval and launch of Bitcoin ETFs provide a regulated and familiar investment vehicle through which these players can gain exposure to Bitcoin, paving the way for broader adoption and legitimization of digital assets.
BENEFITS FOR INVESTORS Bitcoin ETFs offer several advantages for investors:
• Convenience: Investors can buy and sell Bitcoin ETFs through their existing brokerage accounts, making it easier to incorporate Bitcoin into their investment portfolios. • Regulated Market: Unlike direct investments in cryptocurrencies, Bitcoin ETFs are regulated by financial authorities, providing investors with a sense of security and oversight. • Liquidity: Bitcoin ETFs trade on traditional stock exchanges, offering liquidity and price transparency, unlike the decentralized and often illiquid cryptocurrency exchanges. • Diversification: For investors seeking diversification, Bitcoin ETFs provide exposure to Bitcoin without the need to allocate significant capital to digital assets.
MONEY MASTERY 101 UNLOCK FINANCIAL FREEDOM
TRACK YOUR SPENDING Tracking your expenses regularly can help you stay accountable and adjust your budget as needed. Consider using budgeting tools or apps such as NerdWallet to streamline the process and monitor your progress. By adopting intelligent budgeting habits, you can take control of your money, reduce financial stress, and work toward a more secure future. This will help you save for vacations or a car down payment. When budgeting your money, avoiding procrastination is crucial for maintaining financial stability and achieving your goals. When you don’t regularly review your budget, you will end up overspending, missing out on savings opportunities, and causing yourself unnecessary stress. Creating a specific budget for your needs and goals allows you to allocate your resources efficiently. Prioritize your future and well-being by budgeting your money correctly and avoiding procrastination and its nasty consequences. To best achieve your financial goals, reach out to us today! Patriot Wealth will save you from the slippery slope of procrastination!
Many individuals aspire to financial stability; however, it requires deliberate planning, discipline, and informed decision-making. In an ever-changing economic landscape, navigating personal finances can seem daunting, but it’s a worthwhile journey one must embark on without allowing procrastination to get in the way. By actively working to overcome procrastination, you will be led to increased productivity, reduced stress, and excellent financial stability. Here are two simple ways to achieve improved budgeting. SORT OUT YOUR EXPENSES Start by identifying your essential expenses, such as mortgage or rent, utilities, phone bill, and groceries, and then dedicate any extra funds beyond these expenses for savings and debt repayment. It is imperative to differentiate between needs and wants, prioritizing your needs while keeping track of your discretionary spending.
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se of Bitcoin ETFs
Whether you are waiting in line, commuting, or even socializing with friends, people always seem engulfed in their phones, engrossed by a virtual world that often distracts them from the present moment. Relying extensively on smartphones diminishes our ability to focus on the here and now and hampers genuine human connection and meaningful interactions. In order to limit your screen time and stay connected with the real world, here are a few facts and tips. ADVERSE EFFECTS OF TECHNOLOGY The allure of technology and convenience has made it difficult for many to resist the temptation to constantly check notifications, scroll through social media feeds, or respond to emails. While technology offers undeniable advantages, it’s essential to recognize and address its negative impacts to ensure a balanced and sustainable future. The overuse of social media and mobile devices has been linked to eye strain, difficulty focusing on other tasks, and depression. Sleeping problems, decreased physical activity, and poor posture are also among the adverse effects of technology. STAYING IN THE PRESENT MOMENT Disconnecting to reconnect has become increasingly vital for our mental well-being in a culture increasingly dependent on technology. Unplugging entails consciously disconnecting from electronic devices and distractions, allowing us to fully immerse ourselves in the present moment and engage with our surroundings. Before beginning a task or doing something requiring much attention, it can be helpful to practice mindful breathing. Mindful breathing is a tool that UNPLUG TO CONNECT Avoiding Digital Distractions
While Bitcoin ETFs offer numerous benefits, they also come with certain challenges and risks.
The demand for Bitcoin ETFs continues to grow as investors seek convenient and regulated access to the cryptocurrency market. Regulatory approvals, technological advancements, and evolving investor sentiment are likely to drive the proliferation of Bitcoin ETFs in the coming years, unlocking new avenues for investment and further mainstream adoption of cryptocurrencies. However, investors should remain vigilant and thoroughly research Bitcoin ETFs before incorporating them into their investment portfolios, considering their unique risks and potential rewards.
ST. PADDY’S IRISH SODA BREAD Inspired by Epicurious.com
INGREDIENTS
DIRECTIONS
many people neglect; however, the positive effects can be life-changing. Leaving your phone at home, avoiding checking your work emails on the weekend, and not
• Nonstick vegetable oil spray • 2 cups all-purpose flour, extra for dusting • 5 tbsp sugar, divided • 1 1/2 tsp baking powder • 1/2 tsp kosher salt • 3/4 tsp baking soda • 3 tbsp chilled unsalted butter, cubed
1. Preheat oven to 375 F. Coat an 8-inch round cake pan with nonstick spray. 2. In a bowl, whisk together flour, 4 tbsp sugar, baking powder, salt, and baking soda. Cut butter into the mixture with your fingers or a pastry knife until crumbly. Make a well in the center and pour in buttermilk. Gradually mix until dough comes together. Mix in raisins. 3. Using floured hands, form dough into a ball and transfer to pan. Sprinkle with remaining 1 tbsp sugar. 4. Bake bread for about 40–45 minutes or until golden brown and a tester stick comes out clean. Let bread cool in the pan for 10 minutes, then enjoy!
having phones at the dinner table can also assist you in staying in the moment. As social creatures, humans rely on one another to flourish and become self-actualized. While connecting with others offers numerous advantages, limiting screen time and stepping away from technology
• 1 cup buttermilk • 2/3 cup raisins
are essential to lead a healthier and more balanced lifestyle.
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PATRIOT WEALTH 4350 Lassiter at North Hills Ave. #240 Raleigh, NC 27609 INSIDE THIS ISSUE Honoring Listening Awareness Month PAGE 1 Unique Risks and Potential Rewards: Bitcoin ETFs PAGE 2 End Procrastination: Stay Smart With Your Money PAGE 2 St. Paddy’s Irish Soda Bread PAGE 3 The Importance of Remaining Present in the Digital Age PAGE 3 Exploring Sintra, Portugal PAGE 4
THIS BEAUTIFUL CITY IS STRAIGHT OUT OF A FAIRY TALE ADD SINTRA, PORTUGAL, TO YOUR TRAVEL PLANS!
As spring break nears, you might already have plans to travel to Punta Cana, London, Key West, Paris, or a similar destination city. One more to add to your travel checklist is Sintra, Portugal. This beautiful town rests on the hills of Serra de Sintra, just outside the capital, Lisbon. The two castles within the city are the main draws, and it’s easy to see why.
Once you head back outside, the rest of the grounds are just as lovely. The enormous gardens have many trails, marked and unmarked. You can get lost in the beautiful oasis, and we encourage you to put aside at least half a day to explore the gardens. QUINTA DA REGALEIRA Quinta da Regaleira is the city’s second significant castle boasting beautiful gardens, but its main draw is the initiation well. This 80-foot-deep well is a wonder as it sinks into the earth with mossy walls. We suggest you go early, as this is another big attraction for those visiting the city, and officials try to keep people moving as they arrive, mainly as it’s one-way traffic on the steps themselves. Once on the grounds, you can explore many grottos by following their main paths. The castle itself isn’t as opulent as Pena Palace, but it’s still a lovely location to visit. Sintra is perfect for any vacation, and though these are the main draws for the city, by no means are they the only ones. We encourage you to check out this city and see if it fits your travel plans.
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PENA PALACE AND GARDENS The National Pena Palace and Gardens are absolutely stunning. The palace is adorned in primary colors, with intricately carved yellow, red, and blue buildings. It’ll cost you 10 euros to explore the grounds and a couple of extra euros to go inside, but it’s worth it! The carvings include many styles, including Neo-Islamic and Neo- Renaissance. Everything is opulent, and you’ll have a great time as you take in the extravagance. Some rooms are painted as an optical illusion, with doors and hallways looking three-dimensional when they’re just flat.
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