Patience & Money is a financial planning, market commentary, and financial advice podcast from The 282 Group of Wells Fargo Advisors. The 282 Group is based in Charlotte, NC, USA. The 282 Group is a full service wealth management group providing financial services to individuals, families, and business investors. For a comprehensive menu of professional services or to learn more about the 282 Group’s professionally managed portfolios, please contact us at https://fa.wellsfargoadvisors.com/the-282-group/ or 704.571-7173 or jane.m.nicolas@wfa.com. Patience & Money is a nod to the first book written on the stock exchange in 1688, Confusion of Confusions. Author Josef de la Vega writes, “Whoever wishes to win in this game must have both patience and money”. We believe that timeless principle is as true today as it was then. We hope you think, learn, and enjoy. Please contact us to further the discussion.Opinions expressed in this report are those of the author(s) and are not necessarily those of Wells Fargo Advisors or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.All investing involves some degree of risk, whether it is associated with market volatility, purchasing power or a specific security, including the possible loss of principal.Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.Stocks offer long-term growth potential, but may fluctuate more and provide less current income than other investments.Index returns are not fund returns. An index is unmanaged and not available for direct investment.The S&P 500 [Standard & Poor’s 500] is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.