Redwood Investment Management, LLC

⚖️ Same average returns. Different retirement outcomes. Before retirement, average return drives growth. But once withdrawals begin, the order of returns starts to matter. This is “Why Sequence of Returns Matter”. And it can seriously impact portfolio longevity. 📥 1,000+ advisors have downloaded our free guide to help clients understand this often-missed risk. 👉 Get your copy here: https://hubs.li/Q03dBDC-0 𝘈𝘭𝘭 𝘮𝘢𝘵𝘦𝘳𝘪𝘢𝘭𝘴 𝘢𝘳𝘦 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘧𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭, 𝘪𝘭𝘭𝘶𝘴𝘵𝘳𝘢𝘵𝘪𝘷𝘦, 𝘢𝘯𝘥 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺 𝘢𝘯𝘥 𝘢𝘳𝘦 𝘴𝘶𝘣𝘫𝘦𝘤𝘵 𝘵𝘰 𝘤𝘩𝘢𝘯𝘨𝘦. 𝘛𝘩𝘦 𝘮𝘢𝘵𝘦𝘳𝘪𝘢𝘭𝘴 𝘮𝘢𝘺 𝘤𝘰𝘯𝘵𝘢𝘪𝘯 𝘰𝘱𝘪𝘯𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘴𝘩𝘰𝘶𝘭𝘥 𝘯𝘰𝘵 𝘣𝘦 𝘳𝘦𝘭𝘪𝘦𝘥 𝘶𝘱𝘰𝘯 𝘢𝘴 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦, 𝘰𝘳 𝘢 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯 𝘳𝘦𝘨𝘢𝘳𝘥𝘪𝘯𝘨 𝘢𝘯𝘺 𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘴, 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴, 𝘰𝘳 𝘢𝘯𝘺 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰𝘵 𝘢 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘰𝘧 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.

✨ Inside Look at Advisors Edge 2025! "If we're not investing privately, we're missing out on a good chunk of the economy." Our sold-out, two-day event brought top industry leaders together to discuss private debt investing's future. 🎟️ 2025 Sold Out Fast—We're already planning the next one! 👉 Tell us which cities Advisors Edge should visit next: https://hubs.li/Q03dmFX-0 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺, 𝘢𝘯𝘥 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘰𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦, 𝘢 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯, 𝘢𝘯 𝘰𝘧𝘧𝘦𝘳 𝘰𝘳 𝘴𝘰𝘭𝘪𝘤𝘪𝘵𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘪𝘯𝘷𝘦𝘴𝘵. 𝘉𝘦𝘧𝘰𝘳𝘦 𝘦𝘯𝘨𝘢𝘨𝘪𝘯𝘨 𝘪𝘯 𝘢𝘯𝘺 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘤𝘰𝘯𝘴𝘶𝘭𝘵 𝘢𝘯 𝘢𝘥𝘷𝘪𝘴𝘰𝘳 𝘳𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘷𝘦 𝘵𝘰 𝘥𝘪𝘴𝘤𝘶𝘴𝘴 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭 𝘨𝘰𝘢𝘭𝘴 𝘢𝘯𝘥 𝘯𝘦𝘦𝘥𝘴, 𝘸𝘩𝘪𝘤𝘩 𝘸𝘪𝘭𝘭 𝘷𝘢𝘳𝘺. 𝘛𝘩𝘦𝘳𝘦 𝘪𝘴 𝘳𝘪𝘴𝘬 𝘪𝘯𝘷𝘰𝘭𝘷𝘦𝘥 𝘸𝘩𝘦𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴, 𝘸𝘩𝘪𝘤𝘩 𝘤𝘢𝘯 𝘪𝘯𝘤𝘭𝘶𝘥𝘦 𝘭𝘰𝘴𝘴 𝘰𝘧 𝘱𝘳𝘪𝘯𝘤𝘪𝘱𝘢𝘭. 𝘔𝘢𝘺 𝘯𝘰𝘵 𝘣𝘦 𝘴𝘶𝘪𝘵𝘢𝘣𝘭𝘦 𝘧𝘰𝘳 𝘢𝘭𝘭 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘰𝘳 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.

"Market corrections happen for many reasons, but their depth often depends on the broader economic backdrop. Over the past 50 years, when the S&P 500 declined by at least 10% without a recession, losses averaged around 16%." Watch Michael Sasaki, CFA discuss recent market performance and explain this week's chart.

🚨 Free Guide Alert + Instructional Video! Help pre-retirees & retirees simplify the math behind investment loss. Conner Small, CIMA® CFP®, Partner & VP of Advisory Solutions walks through the new guide, "Why Focus on Risk?” ✅ Understand why traditional buy-and-hold strategies might miss the mark. ✅ Learn how to navigate critical market drawdown risks. ✅ Discover how 𝗥𝗶𝘀𝗸𝗙𝗶𝗿𝘀𝘁® solutions can seek to protect your financial future. Grab your free client-facing guide and watch the instructional video here: https://hubs.li/Q03bX5N30 𝘈𝘭𝘭 𝘮𝘢𝘵𝘦𝘳𝘪𝘢𝘭𝘴 𝘢𝘳𝘦 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘧𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭, 𝘪𝘭𝘭𝘶𝘴𝘵𝘳𝘢𝘵𝘪𝘷𝘦, 𝘢𝘯𝘥 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺 𝘢𝘯𝘥 𝘢𝘳𝘦 𝘴𝘶𝘣𝘫𝘦𝘤𝘵 𝘵𝘰 𝘤𝘩𝘢𝘯𝘨𝘦. 𝘛𝘩𝘦 𝘮𝘢𝘵𝘦𝘳𝘪𝘢𝘭𝘴 𝘮𝘢𝘺 𝘤𝘰𝘯𝘵𝘢𝘪𝘯 𝘰𝘱𝘪𝘯𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘴𝘩𝘰𝘶𝘭𝘥 𝘯𝘰𝘵 𝘣𝘦 𝘳𝘦𝘭𝘪𝘦𝘥 𝘶𝘱𝘰𝘯 𝘢𝘴 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦, 𝘰𝘳 𝘢 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯 𝘳𝘦𝘨𝘢𝘳𝘥𝘪𝘯𝘨 𝘢𝘯𝘺 𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘴, 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴, 𝘰𝘳 𝘢𝘯𝘺 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰𝘵 𝘢 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘰𝘧 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.

"The S&P 500 has fallen below its 200-day moving average—a level closely watched as a potential turning point for market momentum. While this pullback has brought the index near correction territory, it’s important to remember that 10% drawdowns are common in most years, even in strong uptrends" Watch Michael Sasaki, CFA discuss recent market performance and explain this week's chart.

📬 Sending a virtual postcard from Future Proof Citywide! If you’re in Miami, stop by Booth 318—we’re talking ($CREMX): private first lien, senior secured, real estate-backed debt, and all in one ticker. At Future Proof or not—let’s keep the conversation going. Reach out anytime: https://hubs.li/Q03c8dSC0 Conner Small, CIMA® CFP® Bryan Pearson 𝘍𝘰𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭 𝘶𝘴𝘦 𝘰𝘯𝘭𝘺. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘢𝘯𝘥 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘰𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘦 𝘢𝘥𝘷𝘪𝘤𝘦, 𝘢 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯, 𝘰𝘧𝘧𝘦𝘳, 𝘰𝘳 𝘴𝘰𝘭𝘪𝘤𝘪𝘵𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘪𝘯𝘷𝘦𝘴𝘵. 𝘉𝘦𝘧𝘰𝘳𝘦 𝘦𝘯𝘨𝘢𝘨𝘪𝘯𝘨 𝘪𝘯 𝘢𝘯𝘺 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘤𝘰𝘯𝘴𝘶𝘭𝘵 𝘢 𝘲𝘶𝘢𝘭𝘪𝘧𝘪𝘦𝘥 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭 𝘵𝘰 𝘥𝘪𝘴𝘤𝘶𝘴𝘴 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭 𝘨𝘰𝘢𝘭𝘴 𝘢𝘯𝘥 𝘯𝘦𝘦𝘥𝘴, 𝘸𝘩𝘪𝘤𝘩 𝘸𝘪𝘭𝘭 𝘷𝘢𝘳𝘺. 𝘍𝘰𝘳 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘢 𝘤𝘰𝘱𝘺 𝘰𝘧 𝘵𝘩𝘦 𝘱𝘳𝘰𝘴𝘱𝘦𝘤𝘵𝘶𝘴, 𝘱𝘭𝘦𝘢𝘴𝘦 𝘷𝘪𝘴𝘪𝘵 𝘸𝘸𝘸.𝘤𝘳𝘦𝘮𝘹𝘧𝘶𝘯𝘥.𝘤𝘰𝘮. 𝘛𝘩𝘦𝘳𝘦 𝘪𝘴 𝘳𝘪𝘴𝘬 𝘪𝘯𝘷𝘰𝘭𝘷𝘦𝘥 𝘸𝘩𝘦𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘭𝘰𝘴𝘴 𝘰𝘧 𝘱𝘳𝘪𝘯𝘤𝘪𝘱𝘢𝘭. 𝘔𝘢𝘺 𝘯𝘰𝘵 𝘣𝘦 𝘴𝘶𝘪𝘵𝘢𝘣𝘭𝘦 𝘧𝘰𝘳 𝘢𝘭𝘭 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴.

🏆 In the spirit of March Madness—what sports team would Redwood be? A team that’s young, hungry, and building toward something big. We bring the energy, teamwork, and drive to take on every challenge. 2025 is shaping up to be a big year—Hit the follow button to see what’s to come!

💰 Private debt is changing the taxable fixed-income game. Historically higher yields, lower volatility, and smaller drawdowns. Join Portfolio Manager Richard Duff for a free live webinar on March 27 at 1:00 PM PST. 📌 Register here for exclusive private debt info: https://hubs.li/Q03bn85p0 𝘍𝘰𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭 𝘶𝘴𝘦 𝘰𝘯𝘭𝘺. 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺 𝘢𝘯𝘥 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘰𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦, 𝘢 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯, 𝘢𝘯 𝘰𝘧𝘧𝘦𝘳 𝘰𝘳 𝘴𝘰𝘭𝘪𝘤𝘪𝘵𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘪𝘯𝘷𝘦𝘴𝘵 𝘢𝘯𝘥 𝘤𝘰𝘯𝘵𝘢𝘪𝘯𝘴 𝘰𝘱𝘪𝘯𝘪𝘰𝘯𝘴 𝘸𝘩𝘪𝘤𝘩 𝘮𝘢𝘺 𝘤𝘩𝘢𝘯𝘨𝘦. 𝘉𝘦𝘧𝘰𝘳𝘦 𝘦𝘯𝘨𝘢𝘨𝘪𝘯𝘨 𝘪𝘯 𝘢𝘯𝘺 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺 𝘤𝘰𝘯𝘴𝘶𝘭𝘵 𝘢𝘯 𝘢𝘥𝘷𝘪𝘴𝘰𝘳 𝘳𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘷𝘦 𝘵𝘰 𝘥𝘪𝘴𝘤𝘶𝘴𝘴 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭 𝘨𝘰𝘢𝘭𝘴 𝘢𝘯𝘥 𝘯𝘦𝘦𝘥𝘴, 𝘸𝘩𝘪𝘤𝘩 𝘸𝘪𝘭𝘭 𝘷𝘢𝘳𝘺. 𝘛𝘩𝘦𝘳𝘦 𝘪𝘴 𝘳𝘪𝘴𝘬 𝘪𝘯𝘷𝘰𝘭𝘷𝘦𝘥 𝘸𝘩𝘦𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘭𝘰𝘴𝘴 𝘰𝘧 𝘱𝘳𝘪𝘯𝘤𝘪𝘱𝘢𝘭. 𝘔𝘢𝘺 𝘯𝘰𝘵 𝘣𝘦 𝘴𝘶𝘪𝘵𝘢𝘣𝘭𝘦 𝘧𝘰𝘳 𝘢𝘭𝘭 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘰𝘳 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.

"Unsurprisingly, markets have shown more volatility in 2025 after back-to-back years of 20%+ returns. The S&P 500 has already fallen more than 5% from its all-time high amid concerns over economic growth, inflation, and tariffs." Watch Michael Sasaki, CFA discuss recent market performance and explain this week's chart.

🔥 Private Real Estate Debt at Future Proof Citywide Delivering 1st lien, senior secured approach to private real estate debt—all in one ticker. Find ($CREMX) + Redwood in Miami from March 16-19. 📍 Booth 318 | Let’s talk! Learn more about CREMX at: https://hubs.li/Q039k2G70 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺, 𝘢𝘯𝘥 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘰𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦, 𝘢 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯, 𝘢𝘯 𝘰𝘧𝘧𝘦𝘳 𝘰𝘳 𝘴𝘰𝘭𝘪𝘤𝘪𝘵𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘪𝘯𝘷𝘦𝘴𝘵. 𝘉𝘦𝘧𝘰𝘳𝘦 𝘦𝘯𝘨𝘢𝘨𝘪𝘯𝘨 𝘪𝘯 𝘢𝘯𝘺 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘤𝘰𝘯𝘴𝘶𝘭𝘵 𝘢𝘯 𝘢𝘥𝘷𝘪𝘴𝘰𝘳 𝘳𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘷𝘦 𝘵𝘰 𝘥𝘪𝘴𝘤𝘶𝘴𝘴 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭 𝘨𝘰𝘢𝘭𝘴 𝘢𝘯𝘥 𝘯𝘦𝘦𝘥𝘴, 𝘸𝘩𝘪𝘤𝘩 𝘸𝘪𝘭𝘭 𝘷𝘢𝘳𝘺. 𝘛𝘩𝘦𝘳𝘦 𝘪𝘴 𝘳𝘪𝘴𝘬 𝘪𝘯𝘷𝘰𝘭𝘷𝘦𝘥 𝘸𝘩𝘦𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴, 𝘸𝘩𝘪𝘤𝘩 𝘤𝘢𝘯 𝘪𝘯𝘤𝘭𝘶𝘥𝘦 𝘭𝘰𝘴𝘴 𝘰𝘧 𝘱𝘳𝘪𝘯𝘤𝘪𝘱𝘢𝘭. 𝘔𝘢𝘺 𝘯𝘰𝘵 𝘣𝘦 𝘴𝘶𝘪𝘵𝘢𝘣𝘭𝘦 𝘧𝘰𝘳 𝘢𝘭𝘭 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘰𝘳 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.