#qualified investors

[mostlysignssomeportents]

How finfluencers destroyed the housing and lives of thousands of people

For the rest of May, my bestselling solarpunk utopian novel THE LOST CAUSE (2023) is available as a $2.99, DRM-free ebook!

The crash of 2008 imparted many lessons to those of us who were only dimly aware of finance, especially the problems of complexity as a way of disguising fraud and recklessness. That was really the first lesson of 2008: "financial engineering" is mostly a way of obscuring crime behind a screen of technical jargon.

This is a vital principle to keep in mind, because obscenely well-resourced "financial engineers" are on a tireless, perennial search for opportunities to disguise fraud as innovation. As Riley Quinn says, "Any time you hear 'fintech,' substitute 'unlicensed bank'":

https://pluralistic.net/2023/05/01/usury/#tech-exceptionalism

But there's another important lesson to learn from the 2008 disaster, a lesson that's as old as the South Seas Bubble: "leverage" (that is, debt) is a force multiplier for fraud. Easy credit for financial speculation turns local scams into regional crime waves; it turns regional crime into national crises; it turns national crises into destabilizing global meltdowns.

When financial speculators have easy access to credit, they "lever up" their wagers. A speculator buys your house and uses it for collateral for a loan to buy another house, then they make a bet using that house as collateral and buy a third house, and so on. This is an obviously terrible practice and lenders who extend credit on this basis end up riddling the real economy with rot – a single default in the chain can ripple up and down it and take down a whole neighborhood, town or city. Any time you see this behavior in debt markets, you should batten your hatches for the coming collapse. Unsurprisingly, this is very common in crypto speculation, where it's obscured behind the bland, unpronounceable euphemism of "re-hypothecation":

https://www.coindesk.com/consensus-magazine/2023/05/10/rehypothecation-may-be-common-in-traditional-finance-but-it-will-never-work-with-bitcoin/

Loose credit markets often originate with central banks. The dogma that holds that the only role the government has to play in tuning the economy is in setting interest rates at the Fed means the answer to a cooling economy is cranking down the prime rate, meaning that everyone earns less money on their savings and are therefore incentivized to go and risk their retirement playing at Wall Street's casino.

The "zero interest rate policy" shows what happens when this tactic is carried out for long enough. When the economy is built upon mountains of low-interest debt, when every business, every stick of physical plant, every car and every home is leveraged to the brim and cross-collateralized with one another, central bankers have to keep interest rates low. Raising them, even a little, could trigger waves of defaults and blow up the whole economy.

Holding interest rates at zero – or even flipping them to negative, so that your savings lose value every day you refuse to flush them into the finance casino – results in still more reckless betting, and that results in even more risk, which makes it even harder to put interest rates back up again.

This is a morally and economically complicated phenomenon. On the one hand, when the government provides risk-free bonds to investors (that is, when the Fed rate is over 0%), they're providing "universal basic income for people with money." If you have money, you can park it in T-Bills (Treasury bonds) and the US government will give you more money:

https://realprogressives.org/mmp-blog-34-responses/

On the other hand, while T-Bills exist and are foundational to the borrowing picture for speculators, ZIRP creates free debt for people with money – it allows for ever-greater, ever-deadlier forms of leverage, with ever-worsening consequences for turning off the tap. As 2008 forcibly reminded us, the vast mountains of complex derivatives and other forms of exotic debt only seems like an abstraction. In reality, these exotic financial instruments are directly tethered to real things in the real economy, and when the faery gold disappears, it takes down your home, your job, your community center, your schools, and your whole country's access to cancer medication:

https://www.theguardian.com/world/2012/jun/08/greek-drug-shortage-worsens

Being a billionaire automatically lowers your IQ by 30 points, as you are insulated from the consequences of your follies, lapses, prejudices and superstitions. As @pixelpusher220@dmv.community says, Elon Musk is what Howard Hughes would have turned into if he hadn't been a recluse:

https://mamot.fr/@pixelpusher220@dmv.community/112457199729198644

The same goes for financiers during periods of loose credit. Loose Fed money created an "everything bubble" that saw the prices of every asset explode, from housing to stocks, from wine to baseball cards. When every bet pays off, you win the game by betting on everything:

https://en.wikipedia.org/wiki/Everything_bubble

That meant that the ZIRPocene was an era in which ever-stupider people were given ever-larger sums of money to gamble with. This was the golden age of the "finfluencer" – a Tiktok dolt with a surefire way for you to get rich by making reckless bets that endanger the livelihoods, homes and wellbeing of your neighbors.

Finfluencers are dolts, but they're also dangerous. Writing for The American Prospect, the always-amazing Maureen Tkacik describes how a small clutch of passive-income-brainworm gurus created a financial weapon of mass destruction, buying swathes of apartment buildings and then destroying them, ruining the lives of their tenants, and their investors:

https://prospect.org/infrastructure/housing/2024-05-22-hell-underwater-landlord/

Tcacik's main characters are Matt Picheny, Brent Ritchie and Koteswar “Jay” Gajavelli, who ran a scheme to flip apartment buildings, primarily in Houston, America's fastest growing metro, which also boasts some of America's weakest protections for tenants. These finance bros worked through Gajavelli's company Applesway Investment Group, which levered up his investors' money with massive loans from Arbor Realty Trust, who also originated loans to many other speculators and flippers.

For investors, the scheme was a classic heads-I-win/tails-you-lose: Gajavelli paid himself a percentage of the price of every building he bought, a percentage of monthly rental income, and a percentage of the resale price. This is typical of the "syndicating" sector, which raised $111 billion on this basis:

https://www.wsj.com/articles/a-housing-bust-comes-for-thousands-of-small-time-investors-3934beb3

Gajavelli and co bought up whole swathes of Houston and other cities, apartment blocks both modest and luxurious, including buildings that had already been looted by previous speculators. As interest rates crept up and the payments for the adjustable-rate loans supporting these investments exploded, Gajavell's Applesway and its subsidiary LLCs started to stiff their suppliers. Garbage collection dwindled, then ceased. Water outages became common – first weekly, then daily. Community rooms and pools shuttered. Lawns grew to waist-high gardens of weeds, fouled with mounds of fossil dogshit. Crime ran rampant, including murders. Buildings filled with rats and bedbugs. Ceilings caved in. Toilets backed up. Hallways filled with raw sewage:

https://pluralistic.net/timberridge

Meanwhile, the value of these buildings was plummeting, and not just because of their terrible condition – the whole market was cooling off, in part thanks to those same interest-rate hikes. Because the loans were daisy-chained, problems with a single building threatened every building in the portfolio – and there were problems with a lot more than one building.

This ruination wasn't limited to Gajavelli's holdings. Arbor lent to multiple finfluencer grifters, providing the leverage for every Tiktok dolt to ruin a neighborhood of their choosing. Arbor's founder, the "flamboyant" Ivan Kaufman, is associated with a long list of bizarre pop-culture and financial freak incidents. These have somehow eclipsed his scandals, involving – you guessed it – buying up apartment buildings and turning them into dangerous slums. Two of his buildings in Hyattsville, MD accumulated 2,162 violations in less than three years.

Arbor graduated from owning slums to creating them, lending out money to grifters via a "crowdfunding" platform that rooked retail investors into the scam, taking advantage of Obama-era deregulation of "qualified investor" restrictions to sucker unsophisticated savers into handing over money that was funneled to dolts like Gajavelli. Arbor ran the loosest book in town, originating mortgages that wouldn't pass the (relatively lax) criteria of Fannie Mae and Freddie Mac. This created an ever-enlarging pool of apartments run by dolts, without the benefit of federal insurance. As one short-seller's report on Arbor put it, they were the origin of an epidemic of "Slumlord Millionaires":

https://viceroyresearch.org/wp-content/uploads/2023/11/Arbor-Slumlord-Millionaires-Jan-8-2023.pdf

The private equity grift is hard to understand from the outside, because it appears that a bunch of sober-sided, responsible institutions lose out big when PE firms default on their loans. But the story of the Slumlord Millionaires shows how such a scam could be durable over such long timescales: remember that the "syndicating" sector pays itself giant amounts of money whether it wins or loses. The consider that they finance this with investor capital from "crowdfunding" platforms that rope in naive investors. The owners of these crowdfunding platforms are conduits for the money to make the loans to make the bets – but it's not their money. Quite the contrary: they get a fee on every loan they originate, and a share of the interest payments, but they're not on the hook for loans that default. Heads they win, tails we lose.

In other words, these crooks are intermediaries – they're platforms. When you're on the customer side of the platform, it's easy to think that your misery benefits the sellers on the platform's other side. For example, it's easy to believe that as your Facebook feed becomes enshittified with ads, that advertisers are the beneficiaries of this enshittification.

But the reason you're seeing so many ads in your feed is that Facebook is also ripping off advertisers: charging them more, spending less to police ad-fraud, being sloppier with ad-targeting. If you're not paying for the product, you're the product. But if you are paying for the product? You're still the product:

https://pluralistic.net/2021/01/04/how-to-truth/#adfraud

In the same way: the private equity slumlord who raises your rent, loads up on junk fees, and lets your building disintegrate into a crime-riddled, sewage-tainted, rat-infested literal pile of garbage is absolutely fucking you over. But they're also fucking over their investors. They didn't buy the building with their own money, so they're not on the hook when it's condemned or when there's a forced sale. They got a share of the initial sale price, they get a percentage of your rental payments, so any upside they miss out on from a successful sale is just a little extra they're not getting. If they squeeze you hard enough, they can probably make up the difference.

The fact that this criminal playbook has wormed its way into every corner of the housing market makes it especially urgent and visible. Housing – shelter – is a human right, and no person can thrive without a stable home. The conversion of housing, from human right to speculative asset, has been a catastrophe:

https://pluralistic.net/2021/06/06/the-rents-too-damned-high/

Of course, that's not the only "asset class" that has been enshittified by private equity looters. They love any kind of business that you must patronize. Capitalists hate capitalism, so they love a captive audience, which is why PE took over your local nursing home and murdered your gran:

https://pluralistic.net/2021/02/23/acceptable-losses/#disposable-olds

Homes are the last asset of the middle class, and the grifter class know it, so they're coming for your house. Willie Sutton robbed banks because "that's where the money is" and We Buy Ugly Houses defrauds your parents out of their family home because that's where their money is:

https://pluralistic.net/2023/05/11/ugly-houses-ugly-truth/#homevestor

The plague of housing speculation isn't a US-only phenomenon. We have allies in Spain who are fighting our Wall Street landlords:

https://pluralistic.net/2021/11/24/no-puedo-pagar-no-pagara/#fuckin-aardvarks

Also in Berlin:

https://pluralistic.net/2021/08/16/die-miete-ist-zu-hoch/#assets-v-human-rights

The fight for decent housing is the fight for a decent world. That's why unions have joined the fight for better, de-financialized housing. When a union member spends two hours commuting every day from a black-mold-filled apartment that costs 50% of their paycheck, they suffer just as surely as if their boss cut their wage:

https://pluralistic.net/2023/12/13/i-want-a-roof-over-my-head/#and-bread-on-the-table

The solutions to our housing crises aren't all that complicated – they just run counter to the interests of speculators and the ruling class. Rent control, which neoliberal economists have long dismissed as an impossible, inevitable disaster, actually works very well:

https://pluralistic.net/2023/05/16/mortgages-are-rent-control/#housing-is-a-human-right-not-an-asset

As does public housing:

https://jacobin.com/2023/10/red-vienna-public-affordable-housing-homelessness-matthew-yglesias

There are ways to have a decent home and a decent life without being burdened with debt, and without being a pawn in someone else's highly leveraged casino bet.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/05/22/koteswar-jay-gajavelli/#if-you-ever-go-to-houston

Image: Boy G/Google Maps (modified) https://pluralistic.net/timberridge

[runedscope]

Considering all the previous major fuckups when companies tried to use ai for mental health probably not a great idea to use this and probably not great for tumblr to be advertising in at the top of the dashboard.

Looks like they can sell data about any way you interact with the app which idk since im not a programmer looks like any information you put into the app is sellable.

[nationallawreview]

EB-5 Filing Strategies: Continued Immigrant Visa Availability Under the RIA’s Set-Aside Categories

The passage of the EB-5 Reform and Integrity Act (RIA) in 2022 resulted in the most significant changes to the EB-5 investor immigrant visa program since its establishment in 1990. Among the most notable changes implemented through the RIA was the creation of new “set aside” visa categories for EB-5 investors. These set-aside categories allocate a certain amount of the 10,000 EB-5 immigrant visas…

[my-favouriteiot]

Hospertz: Your One-Stop Partner for Building a Successful Healthcare Facility

Hospertz: Your One-Stop Partner for Building a Successful Healthcare Facility

Streamlining the Journey: Hospertz India Pvt. Ltd. (HIPL) caters to the healthcare industry as a turnkey solutions provider. They offer comprehensive support, guiding medical professionals through every step of establishing a new medical facility.

From the Ground Up: Their services encompass the entire process, from selecting a suitable location and obtaining necessary licenses to securing funding and attracting investors. They even assist with hiring qualified personnel and developing a strategic marketing plan.

Addressing Modern Challenges: HIPL acknowledges the growing complexities within the healthcare landscape. Their expertise helps navigate the increasing bureaucratic hurdles associated with setting up a new medical establishment.

Experience You Can Trust: With their extensive experience, HIPL has a proven track record of assisting doctors, dentists, and other specialists in building multi-specialty healthcare facilities across India. Their meticulous approachensures every detail is addressed, from acquiring high-tech equipment at competitive prices to recruiting qualified staff.

Focus on What Matters: By partnering with Hospertz, medical professionals can concentrate on their core competency: delivering exceptional patient care. HIPL takes care of the rest, handling day-to-day operations, licensing procedures, streamlining processes, and staff protocols. Their objective is to establish a smooth-running, patient-centric, and profitable healthcare facility.

Realizing Your Vision: HIPL acts as a trusted advisor, providing end-to-end project consultancy and management services. Their comprehensive solutions encompass the entire project lifecycle, from initial concept to final commissioning.

A Guiding Light: Driven by the vision of fostering quality-conscious and profitable healthcare institutions, HIPL leverages its three core strengths:

Physician-Inspired Knowledge: They understand the specific needs and challenges faced by medical professionals.

Unrivaled Technology: They provide access to state-of-the-art equipment and resources.

Impeccable Services: They offer a comprehensive suite of services to ensure a seamless operation.

A Collaborative Approach: HIPL prioritizes client satisfaction. They maintain continuous communication throughout the project, addressing any potential roadblocks and ensuring a collaborative effort towards achieving the desired outcome. Their ultimate goal is to transform your vision for a successful healthcare facility into a reality.

Building Trust: HIPL emphasizes transparency and honesty in all their dealings with clients and investors. They recognize that your vision is paramount, and they strive to make it the cornerstone of their every action.

[explorealts]

What are Accredited Investors, Qualified Clients and Qualified Purchasers? 

Did you know that you need to legally meet specific requirements to invest in certain investments? Check out our new article about the different tiers of investors and what each is allowed to invest in.

[dovetailcaptal]

The Role of Fund Accounting in Financial Advisory Services

Fund accounting plays an important role in the field of financial advising, where precision and clarity are critical. It goes beyond standard bookkeeping and assists in the management of money for both ordinary individuals and large institutions.

Fund accounting is a method that maintains track of all financial transactions in investments. This involves recording transactions, determining the value of assets, and compiling financial statements. Fund accounting is critical for financial advisers since it maintains all documents correct and up to date. This assists them in making sound judgments. Financial advisers must provide tailored advice to their customers. Fund accounting assists them in accomplishing this by providing a clear, real-time image of what is in a client's investment portfolio. This isn't just about

Fund accounting is even more crucial for large investors, known as qualified institutional investors. These astute investors demand that everything be precise and adhere to the regulations. Fund accounting ensures that QIIs receive reports on schedule and that they are proper. This enables individuals to make sound financial decisions and cope confidently with complex financial problems. The collaboration between fund accounting and financial advisory services is excellent. Financial advisers that employ precise and straightforward fund accounting may provide incredible benefit to their customers. This collaboration not only ensures that things operate smoothly, but it also improves the entire customer experience.

Finally, the role of fund accounting in financial advice services is critical. It's more than simply a powerful tool for managing money; it's the foundation that allows advisers to provide top-tier services to customers, whether they're individual investors or large institutional players. Embracing the precision and openness of fund accounting is a smart decision as the financial industry continues to grow and expand. It guarantees that financial advising services are not only relevant, but also extremely successful in helping customers through the complexity of an ever-changing financial world. The confluence of accurate fund accounting and intelligent financial advising services builds a strong foundation, allowing advisers to handle problems, capture opportunities, and ultimately contribute to their clients' long-term financial success.

[verusmortgagecapital]

Verus Mortgage Capital

Verus Mortgage Capital offers a comprehensive suite of loan programs to meet the needs of correspondent lenders and their creditworthy borrowers nationwide. We invest in loans originated in all 50 states and the District of Columbia.

Address : 2001 M Street NW, Suite 300, Washington, District of Columbia, 20036, USA

Phone : (833) 862-3863

Website : https://verusmc.com/

[saerins]

─── 𝐓𝐖𝐈𝐍 𝐅𝐋𝐀𝐌𝐄

+ gojo x f!reader | wc 2.3k | content: modern au, fluff, slight angst, rich!gojo, rich!reader, arranged marriage but reversed(?), slightly suggestive

notes: haha i was exploring tropes and this just came to me :’) fairly nervous so feedbacks and reblogs appreciated muwah <3

summary: sometimes you think that you and gojo are not meant to be. and sometimes, he itches to prove you wrong.

there are many things you would call gojo satoru. partner in crime, friendship on fire, a twisted manifestation of the kind of romance that would consume you whole if you didn’t take precaution.

“ready to do this, baby?”

he’s as sweet-lipped as ever, the honeyed words overflowing from his tongue. how you’d miss it, those words you hear at night, the saccharine praises that send you into overdrive.

“only if you are, sweetie.”

you’re equally good at it, having learned from one of the best—gojo satoru himself. you smirk at him, straightening his suit and tie. he looks devilishly handsome in that tailored suit, the one you had made for him. if you recall correctly, he only saves it for a special occasion.

and it qualifies—today is definitely a special occasion.

“so happy to be getting rid of me?” satoru asks you, pouting and putting on his best puppy eyes. his white lashes house a sea of crystalline blue, the kind you’ve gotten addicted to, the same pair you’d gotten lost in many times over.

you’ll never forget it.

the way satoru’s lips ghost over your own. the way his index finger trails up the side of your arm. he likes the goosebumps that sear across your skin. satoru loves knowing the effect he has on you.

this marriage of convenience has taken its toll on both your families. in hindsight, they should’ve known that they can’t control either of you. the gojo family, for all they’re worth, thought that gojo satoru would never betray their money, their status. and your family—they’d always known you’d objected to these notions; convenience, business, romance—the way these three intertwine intentionally, a manufactured relationship borne out of familial ties.

it’s bullshit.

how lucky for you, that gojo satoru felt the same. he still feels the same, which is why he’s in front of you right now, getting ready to drop the bomb in the investors’ meeting.

his father is sure to kill him, but that’s provided he can get through you first.

sure, getting married to gojo satoru was not in your life plans. your mother had chosen a very apt timing to tempt you, quoting half a million dollars as the condition for getting and staying married to that gojo boy. and sure, she can do her best to try and haggle that money back from you once the both of you are done with today, but you’re guessing she’ll be facing much more important and pressing matters than simply getting money back from her defiant daughter.

“this is what we discussed, satoru,” you sigh, avoiding his question like he knew you would. “one year, that’s all we needed. and look where we are now.”

satoru smiles, pearly whites and bad boy charm. “i’d miss you in my bed at night though.”

you smack him playfully across his chest. he only chuckles lowly, fondly, his right hand on your head, brushing your hair. it almost makes you want to stay. but that wasn’t part of the deal, and you’re not sure that either you or satoru are ready for commitments.

“must’ve been some pretty good sex to make the gojo satoru miss me, huh?” you play along, pushing yourself away gently, your hand on his chest.

satoru tips your chin up with his finger, looking you in the eyes as he tells you, “babe, you’re the best pussy i’ve ever had.”

complete romantic, as you can tell. (you can’t stop his vulgar tongue even if you tried.)

“okay okay, stop stalling, satoru,” you chide him, holding your palm out, smiling as he takes it. “got the evidence?”

satoru holds a thick envelope out, grinning. “all here.”

the two of you stand outside the conference room for a minute, staring at each other. in another world, maybe you’d be in this hotel with gojo satoru where you’re actually married—for feelings rather than a transaction. in that other world, maybe you and gojo satoru were childhood sweethearts, the kind where you grew old without all the fucked up relationships that branded both of you too overwhelmed to be in a real one right now. hey, maybe in that world, maybe just maybe, that vow that gojo satoru had uttered on your wedding day (the same that you had uttered as well)—maybe he would’ve meant it.

you didn’t think you would come to like gojo satoru. it’s been a long time since you’d first met him. when you’d seen him stomping into the meeting room of your company’s office like he owned the place, like everyone there was beneath him. he’d gotten right under your skin then and there.

getting along was no easy feat. it took three months for the both of you to agree to live together. strangely it took just one night for you both to give in to temptation once you did start living together.

both of you are menaces—that’s what your mother would say.

somehow, somewhere, those feelings you thought you’d never feel before blossomed again. the kind of trust you didn’t think you’d ever give was given to satoru and you wonder if he even knows it. but satoru has never changed his stance on relationships since the first time you met him; they’re a waste of time.

“you know, if you wanna keep me, all you gotta do is say so.” satoru’s looking at you, that jester smile plastered on his face. you can’t see his beautiful eyes when it’s all crinkled up like that, but you thank god for that. you don’t know how you’d resist him if you could see them.

“dream on, satoru,” you deflect, and expertly. you’re great at hiding your real feelings like that. “our deal ends today.”

yeah, the deal the two of you made with each other, right when both families thought their children had made peace with their decision, or their fate, as they liked to call it. neither you nor gojo felt any affection for the family you grew up in, not when they’d never took interest in either of you as anything other than an heir. when both your childhoods were filled with extra readings and learning proper manners. when satoru grew up learning from his father that women were just a means to a child and you’d grown up learning from your mother that if a girl is not beautiful then she is not desirable. you remember how she almost disowned you for getting a scar on your face, even though it was only temporary.

she has a penchant for the overdramatics. you think today might be no different. you hope not. the entire aim of today is to bring about the crumble of two empires—gojo’s and your family’s.

to hell with their money and their dirty syndicates. it’s filthy money they have their hands full with, and frankly, you and satoru are done playing their pawns.

as satoru leads the way, you loop your arm around his elbow, watching as his father is taken completely off-guard when he watches his own son expose his schemes, watching as your own parents try to salvage the situation by saying how children these days would do anything to get out of their responsibilities.

they’re all walking ironies.

you both watch as the investors walk out one by one, outraged and disappointed. you watch as satoru’s own father vows to kill him, and you scoff as your own mother seconds his notion.

“not if the law gets you first,” you tell them, effectively shutting them up as they hear the police sirens in the air.

they spew about how the both of you are pieces of shit as they’re taken away, and you find you couldn’t care less. maybe it’s a little inhuman of you not to feel a thing when you watch your parents getting taken away in handcuffs. but then again, they’d never really treated you like a human either.

“here you go,” satoru chirps as the sirens drown into the background. he holds out another envelope, this one solely for you.

you smile, a melancholy washing over you as you take it from his hands and take the documents out, flipping to the last page where satoru has already signed.

“our divorce papers,” you coo, “how romantic.”

because gojo satoru is always a romantic.

he remembers your birthday and remembers your favourite cake. he remembers what you need when you’re upset, never makes you feel alone. he remembers how you like your eggs and purposely cooks them wrong all the time. he remembers how you take your coffee and always gives you tea. he remembers how you always nag at him for annoying you and then annoy you some more because for some reason you look very attractive when you’re angry.

it takes you a minute to sign your own name. it kind of feels lonely now, thinking how you’ll never go back to the same apartment as satoru. how you won’t see him sprawled out on the couch, pouting because you’re a little late for movie night. how you won’t catch him staring at your body as you get changed. how you won’t get to throw your pillows at him in the morning for tickling you in bed just to get you to wake up.

after all—you’d agreed; these affections were temporary like they were always meant to be.

you can’t help but find yourself wishing for more. but you were raised to be ruthless, not stupid. you won’t let satoru know of your feelings, because all your deductions say that nothing good will come of it.

“hmm,” satoru hums as he eyes your signature. “wouldn’t be opposed to a special arrange—”

“not gonna be your fuckbuddy, satoru,” you deadpan at him, flicking his forehead.

“why not?” he whines, and you nearly cave.

because you can’t risk falling further than you already have when there’s absolutely zero chance of satoru catching you.

“because there’s a long line of guys i wanna date and you should get in line first,” you lie, and satoru smirks like he’s caught on to something.

but if he has, he doesn’t say a thing, and that tells you everything you need to know.

“guess this is it then, l/n y/n?”

you don’t want it to be, but it has to.

“you made a great fake real husband, gojo satoru,” you tell him, shaking his hand.

kind of a lame goodbye for two people who had shared everyday together for the past year. but you think maybe this brief goodbye should suffice. you don’t want the flames to burn either of you blue.

gojo satoru doesn’t say another word when you turn to leave.

and you don’t turn to look back at him as you walk away.

some chapters of your life should come to a close. your chapter with gojo satoru should remain here, kept close in your heart, kept warm as memories should.

six months later.

“i just think you and i would be suited for other people.”

it’s funny, how everything never works out between you and other guys. you don’t recall it being so hard with satoru. perhaps he was truly made for you, like the heavens designed. but both of you were too similar, too afraid of commitment. nothing was going to come out of it anyway.

and maybe that’s why you miss it.

his fleeting glances, soft lips on tender skin and a pair of calm blue that never fails to mesmerise you.

satoru is the fleeting kind of romance that burns so bright in its prime and the kind you can never keep close. not when he isn’t willing to tone it down and when you don’t have the tolerance to match.

strangely, maybe that’s also why you’re still drawn to him. you’re still hoping that there will be a flaw in the design, that your seemingly parallel lines will intersect somehow. that maybe you won’t have to try and replace him with someone else.

“yeah, kento, i get it,” you tell nanami, sipping on your tea as you watch him get up and go.

you and nanami would not have worked out anyway. not when you’re way too fucked up and he’s comparibly normal. it would be too much for him. you would be too much for him. you stare at the tea in front of you. you kind of miss those dates satoru took you on; trespassing on private property and reliving youth in arcades.

satoru is everything—love, heartache, gambles, sins. both of you are spun from the same thread, and maybe you believe that if soulmates exist, you and him have the same red thread twirled around your pinkies.

though, the fact that he isn’t here simply proves you to be wrong.

last you’d heard, satoru was travelling the world, carefree and spreading his wings like you always knew he would.

you find yourself wishing that perhaps, somehow, you’d meet him again. but you sigh and get up, knowing you are far too old for this wishful thinking.

but where you’d thought that satoru was roaming, you forget that he’s much like a swallow. because now, when you turn around, you catch that same shade of ocean blue staring straight at you, the same white locks that obstructed your vision in the mornings.

the same satoru who’d learned of love through you and you alone. the same satoru who, even if he leaves, will always find his way back to you, no matter how much you try to deny and push him away.

satoru takes two steps forward before he pulls you towards him, his long arms coming around you and holding you tight.

this time, he’s not going to let you go.

“y/n,” he calls your name softly, his lips grazing the shell of your ear. “wanna give this another shot?”

[formulawolff]

xvii. facing reality - t.w.

pairing: female driver!reader x toto wolff

word count: 2.9k

warnings: cursing, age gap relationships, (slight) sexism, unfair treatment of drivers, toto being down bad per usual, mentions of divorce, allegations of infidelity, james being a dick, yadayadayada

a/n: i am aware that it is solely up to the drivers in terms of contract talks, negotiations, etc. however, let's just pretend that we do not see it and that there are some restrictions when it comes to our golden girl. okay? okay cool :p

prev. | next.

the only noise was the dull roar of the engine, and well, the occasional shuffle of papers as he flips through his notebook, careful not to produce much movement in his shoulder.

nestled on his right shoulder was your head, your breathing rhythmic, both arms cuddling his bicep. 

turning his head, his mouth places a kiss on your temple, “i love you, sweet girl.”

˖⁺‧₊˚♡˚₊‧⁺˖✩₊˚.⋆☾⋆⁺₊✧˖⁺‧₊˚♡˚₊‧⁺˖✩₊˚.⋆☾⋆⁺₊✧˖⁺‧₊˚♡˚₊‧⁺˖✩₊˚.⋆☾⋆⁺₊✧˖⁺‧₊˚♡˚₊‧⁺˖

the ease in which the words flowed from his lips sent a ripple of bliss throughout his chest. the warm, cozy feeling only intensifies tenfold as you wrinkle your nose, nuzzling into the fabric of his button-up. although you’re deep in slumber, you respond, voice thickened with exhaustion.

“i love you, toto.”

“get some rest,” he murmurs, “i’ll wake you when we make it to montreal.”

sometimes the bustling season schedule had its perks. since drivers were not required to fly in with their teams to races, typically everyone flew separately from their respective locations. so, toto had you accompany him on his jet to canada, where the two of you could be alone for just a little while longer.

approximately twelve hours longer, where you would have to go your separate ways once landing. it was arranged that theodore would be driving you to the track, where you would be able to reunite with alex and the rest of the williams crew.

meanwhile, mr. wolff had a few business obligations to attend. one was a meeting with a few potential investors for the 2025 season, while the other obligation was a little more personal.

someone had to recognize your accomplishments over the last few weeks. 

and he was going to be that person.

to add to your bracelet, toto arranged a meeting with a private jeweler where he would pick out four more charms to add to your bracelet. 

one for sazuka. one for miami. one for emilia romagna. and finally, one for monaco. 

the initial plan was to gift you the new charms before qualifying, so that you could have a few more additions to your bracelet. in toto’s mind, he liked to imagine that the bracelet was your good luck charm. 

after all, it seemed to be working. 

with the current driver standings, you were at the top of the board. max was behind you, trailing by a decent amount of points. at his tail was charles leclerc, lando norris in fourth. although your name was a hot topic in the world of formula one, rumors flying that you were the main contender for the title, it was still too early to make any definitive judgments. 

formula one was ever-changing. a single race could shift the leaderboard, as many drivers were close in points. a single weekend could also shift the team standings, as williams was now thrust in the mix for the second or third spot, fighting tooth and nail with red bull, ferrari and mclaren. 

it was all thanks to you. your reflexes, your critical thinking, your ability to remain level-headed under pressure, and your exceptional knowledge of the cars and the sport were the reason why williams was in their position.

it was the sole reason why you were the leader of the pack. sure, the car helped, but a majority of the credit was due to the american driver. 

the first american female driver to ever win points. the first to ever win a grand prix. the first woman to win five consecutive grand prixes.

the only woman to ever win a grand prix. 

you were one of one. 

additionally, you were the second woman in the history of the sport to ever score points, decades after lella lombardi paved the way. 

there was so much at stake, so much weight to be carried on your shoulders. 

yet, here you were, lightly snoring, your lips parted as your brows twitched, lashes fluttering. 

it seemed the closer the two you got, there was always something that tried to pry you further apart. 

hours ago, toto received an email in his inbox from the mercedes public relations team, formally asking the team principal if he could maintain his distance from the williams driver. this was mainly for the sake of the image of the team as a whole. 

to manage this, he needed to refrain from speaking to the driver in either one of the garages, in the paddock, in any area of the track or designated team areas. this was to be during press conferences, and well throughout any public interaction with the driver before, during, or between racing events. 

of course, mercedes supported the decisions he made in his personal life wholeheartedly and wanted nothing but the best for him when it came to his romantic and personal endeavors. however, with the current public perception of his romantic relationship with the williams driver, it was best that he focused solely on the team and their potential accomplishments for the time-being. the team was his top priority for the weekend. 

oh, and the most crucial aspect of the entire email. 

we hope that you abide by our advice and take the necessary precautions. we are hoping for a great weekend in canada!

some fucking email that was.

although there was no formal threat of repercussions, the team principal was not going to take any risks. 

even if it slightly killed him inside to do so.

it appeared that in order to have access to you, toto was going to have to tread carefully. there would have to be thoroughly coordinated meetings, where he would have to sneak away just to even catch a glimpse of your gorgeous face. he would have to slip into your motorhome in the late hours of the night, just as he used to in jeddah, suzuka, and miami. 

however, since that kiss in monaco, things were a little more intense. 

there were eyes now. on both of you. 

eyes that would follow his every move, watching as he departed from the paddock or garage. eyes that were trained by pr teams to ensure that the delicate mercedes reputation remained intact. eyes that were determined to keep the two of you separated, no matter his frustration or protest. 

you were going to be so close, yet so far. 

he would be able to look, but not touch. 

and fuck, was that shit was going to drive him absolutely insane. 

on a similar note, you had gotten the notification from the williams public relation team just as you were boarding the jet. 

although you received the same sort of message within the email, you also happened to get a text from james. 

that one was far more threatening, laced with a sour bitterness that had toto’s blood boiling, his fists tightening on the armrests, knuckles tinged white. 

i do not want to see you look in the direction of the mercedes paddock while we’re in montreal. and if i catch you talking to him between practices or the race…

as much as toto prompted you to get into contact with the human resources department to report the text, you protested. mostly due to the fact that you were already in hot water with williams. despite their reassurances that you were not to face consequences for monaco, there was still that anxiety gnawing away at you, an ever-looming thought in the back of your mind. 

even if you weren’t in trouble for your romantic pursuits, williams had made it very clear that they did not approve of the relationship. 

at least, their public relations department, some members of the board, and james, your team principal, had made it very clear. 

and to you, that was enough to keep you on your best behavior. 

however, there were approximately eleven more hours of the flight before you made it to your destination. 

for the mercedes team principal, that meant he had to savor your presence for eleven more hours before the two of were forced to go your separate ways. 

fuck the mercedes pr team for suggesting those pitiful rules. fuck the williams pr team for reminding you of their disapproval. 

and most importantly, fuck james vowles for speaking to you that way. 

˖⁺‧₊˚♡˚₊‧⁺˖✩₊˚.⋆☾⋆⁺₊✧˖⁺‧₊˚♡˚₊‧⁺˖✩₊˚.⋆☾⋆⁺₊✧˖⁺‧₊˚♡˚₊‧⁺˖✩₊˚.⋆☾⋆⁺₊✧˖⁺‧₊˚♡˚₊‧⁺˖

“there she is!” 

“hi,” you wave, suppressing a giggle as he waggles his brows, pointing finger guns in your direction.

“how’d it gooo? did you two lay under the starlight and give one another googly eyes until the sun rose over the beautiful mountains of monte carlo?”

alex is peering at you, his gaze honed in as you shrug, “it was fine.” 

he scoffs, rolling his eyes, “you guys spent days together and you can’t tell me a single detail?” 

carefully, you scan the room, taking in your surroundings. currently, you were in the williams paddock, situated next to alex in one of the many debrief rooms. james was going to arrive any minute, ben in tow, along with members of the core crew. 

keeping your voice low, you fidget with the sleeves your hoodie, grateful for the traces of citrus and spice that lingered, “james texted me before i boarded my flight here.” 

alex straightens in his seat, leaning forward so that your voice didn’t have to carry, “no shot. what did he say?” 

“he said that he didn’t want me to even look in the direction of the mercedes paddock,” the words are shaky, brimmed with apprehension, “the text had a really off-putting tone to it. toto wanted me to report it but i’m not sure if i should. i’m already in an awkward position with williams and i don’t want to complicate things further.” 

alex’s tongue runs along his lower lip, the driver’s brows scrunched together. there’s concern glittering in his gaze, his fingers resting on his chin. 

“that’s really shitty of james considering i was there at that meeting following monaco. everyone seemed to be in good standing with one another. i remember patrick reminding you over and over again that you weren’t in any sort of trouble. maybe he said that so you could focus on the race this weekend?” 

“probably,” you mutter, slumping into the chair, “it just fucking sucks, you know? all of this back and forth. it’s like having fucking vertigo. one minute i feel like i’m on cloud nine, and the world loves me. james is over the moon, and the crew is hoisting me up into the air. within seconds, everyone is avoiding me. they’re shooting me dirty looks or spreading shit about me on social media. they’ll murmur under their breath that i’m a homewrecker or a slut.”

before you know it, alex has several tissues is his grasp, gently laying them on your thigh. raising your read, you feel the slickness of tears on your heated cheeks, your palms clammy as you wipe them on your sweats.

“i cannot imagine how fucking hard this must be for you.” 

“it is,” your lower lip trembles as you dab the tissue on your lids, “why do you think i flew out to monte carlo? why do you think i’ve been avoiding wantage? ignoring the emails? i just don’t feel like my relationship with williams is genuine anymore. sometimes i regret that race in monaco–”

“hey,” a thumb massages your shoulder, his voice light, “don’t ever feel guilty about that race.”

you shake your head, the words spilling out of gritted teeth, “if i would have let charles overtale me, he would have won. i would have never left that podium. i would have never kissed–”

“everything okay in here?” 

a voice rings through the room, your head swiveling to the doorway.

james enters the room, the williams crew following in suit. using your sleeve, you brush away the tears, exhaling as alex tosses the tissues in the nearest trash bin. he scrunches his nose, nudging you with his knee.

“you’re welcome for that.”

“what would i do without you?” a laugh bubbles up in your throat as he wraps his arm around your shoulder, bringing you in for an affectionate embrace. 

his mouth hovers by your ear, eyes darting to james before shifting back to you, “we can talk more later. i promise. i want to know how you and your pookie bear are doing!”

“okay you two,” james clicks his tongue, “i hate to interrupt gossip hour, but it’s time to discuss racing strategies for the weekend. unfortunately spilling secrets about a certain team principal does not get us anywhere in terms of winning.”

at his snide remark, you feel a twinge of frustration brew in your stomach, churning it into a knot as james’ attention falls on you, his arms folded across his chest, brow arched ever so slightly. 

“can you promise us that you’ll be one hundred percent focused on the race this weekend? one hundred percent dedicated to williams and only williams?”

your jaw clenches, brows knitting together, “isn’t that what i’ve been – yes. i can promise you that.i’ll be dedicated to the team this weekend, just as i’ve always been.”

“good,” james’ expression is unreadable as he tuts, “okay! let’s get started. ben, would you like to begin with the latest upgrades to the cars?”

mirroring the others, you slide the headphones over your ears, ben’s voice drowning in your ears as dives into the subject at hand. 

as much as your mind wanted you to pay attention, to listen closely, you were not present. 

not one bit.

your thoughts were elsewhere, wandering back to that one individual.

toto. 

fuck, did your heart absolutely ache. 

how were you supposed to maintain your distance for an entire weekend if you could barely keep it together after merely hours apart? 

you could sense your knee bouncing, your teeth gnashing into your cheek, chewing away at the flesh. 

fuck, this was going to suck.  

your thumbs itch, urging you to fish your phone out of your pocket. yet, you know that shouldn’t, as there were numerous eyes right along with you in the room. there were a few times in which you did glance at your phone in the past during debriefings, but that was to simply check notifications, pull up footage, or type a quick response to send back to toto. 

if james happened to catch you peeking at your phone? oh god, he would probably treat you like some sort of child and have you sit right next to him. just so that he could observe your every move and ensure that you were honed in on the tasks at hand. fuck, if he was frustrated enough, he would probably snatch that phone right out of your hand, keeping it until you all were finished. 

the treatment you were receiving since monaco was becoming more and more insulting. almost degrading, really. 

sure, you were at the top of the leaderboard. sure, you were one of the best drivers that the team had signed in a years. sure, you were writing history with every record you shattered. 

but when you were involved with the team principal of mercedes, those things didn’t really matter. you were treated like a petulant child, disciplined for something that was beyond your control. 

there was no reason to punish you over the man you were in love with. 

yet, that was just the reality of the situation. 

as harsh as it was, it was probably wise to keep the two of you separated. although the pr teams were working overtime, busting their asses to squash the rumors, to silence those whispers, there were still the ever-looming truths.

one, you were engaging in a romantic relationship with a man thirty years older than you. 

two, toto was recently divorced. that was not a good look for each party involved. it raised the questions of how long the two of you were really talking, how long you had been tiptoeing around. the heated debates if you actually knew about the divorce or if you were a homewrecker.

and of course, the third and final truth.

the mercedes amg petronas was searching to sign their second driver for the 2025 season. toto especially, as he was their main scout, announcing numerous times that he had spoken with a menagerie of drivers, even beyond formula one. 

the hot gossip was that you were to be that second driver. you were the prized pick, a valuable asset to any team on the grid. the apple of toto’s eye. the object of his every desire. the final piece to his puzzle. 

although the entire world was under the impression that they were just speculations, they were blissfully unaware that it was indeed the truth. 

toto was going to approach james after the canadian grand prix with his proposal. 

all he needed was that blessing, the nod of approval to begin the contract talks.

however, there was that one uncertainty. the one thing that both of you were unsure of, waves of anxiety pumping through your veins each time your mind wandered. 

there was that possibility that james could say no. that there would be no contract talks.

even though it ultimately was up to the driver, the fia had made it very clear there were to be no private meetings, nothing left in the dark. especially if you were to depart ways from williams and sign with mercedes. 

so if james said no, you would be fucked. 

majorly, utterly, completely fucked. 

˖⁺‧₊˚♡˚₊‧⁺˖✩₊˚.⋆☾⋆⁺₊✧˖⁺‧₊˚♡˚₊‧⁺˖✩₊˚.⋆☾⋆⁺₊✧˖⁺‧₊˚♡˚₊‧⁺˖✩₊˚.⋆☾⋆⁺₊✧˖⁺‧₊˚♡˚₊‧⁺˖

taglist: @k3ira13 @prettiest-at-the-party @annewithaneofthegreengable @zoeyjadetice2010 @sinners-98-world @statuewoman @laura-naruto-fan1998 @nebarious @joalslibrary @swifth0lic @strangegirl974 @thatgirlthatreadswattpad @msbyjackal @annaaepf1 @paigelouise @bborra @bblouifford @s-awturn @upsteadsstuff @omgsuperstarg @younxii @toldyouitwasamelodrama @kravitzwhore @persona1lies @pucksandpower @gisellesprettylies @wonderwolffs @xxforeverinadayxx @theseerbetweenus @simply-the-best23 @ringdingdingdingx @leilanixx @marknolee @rylieverstappen-sargent @whoisss @ajthefujoshi @m-1234 @ihateyougunthersteiner @nicaeno @racecardilfs

as always, thank you guys for the endless support on this series! let me know if you would like to be tagged! we have about three chapters left! i love you all!! <33

[lightsoutletsgo]

P L A Y L I S T (cl16 x singer!reader series) vol.4 - monaco

warnings: none

word count: 2.6k

hi everyone! here's the next part! they finally meet in person! I'm really vibing with writing this rn so I have a couple of chapters already drafted so I'm hoping to upload the next few pretty regularly! happy reading love, mimi taglist currently: open! @whatsupstark

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Monaco

Y/N didn’t know much about F1. But as she wandered through the ‘paddock’, as Charles had called it, she found herself being swept up in the hype and excitement. Celebrities mingled amongst team investors and sponsors and mechanics. Already she’d seen a few friends and acquaintances. Y/N stopped suddenly at a call of her name, turning round she saw Charles and a man who she was pretty sure was called Carlos. He was dressed the same as Charles so that seemed like a good indicator. “Y/N!” She couldn’t help the grin that overtook her features and she felt Carlos stare at her knowingly from opposite her. “Charles, hi!” Her answer was breathy as he got closer, stopping just in front of her. Neither of them spoke for a second but both of them could have sworn it was longer than that. ‘God his pictures didn’t do him justice’ she thought as, ‘she’s even prettier up close’, ran through Charles’ mind, 

“So are you going to introduce us or…?” Carlos chimed in from next to his friend. Charles cleared his throat as Y/N took a step back,  “Uh yes! Carlos this is Y/N.” Y/N smiled at Carlos warmly as he extended a hand for her to shake,  “It’s lovely to meet you.” His accent was warm and his face was very handsome. Y/N mused to herself if good looks were also a necessary qualifying trait for F1 too. 

“Your concert in Rome was incredible!” Y/N was dragged back to the current conversation by Carlos’ compliments, “Thank you so much! We loved every second of it.” “I know Lily will be so excited to know you’re here today. This way, I’ll introduce you to everyone.” Carlos continued as he held his hand out to guide Y/N towards a larger group of people and Charles had to bite back a frown. She was his guest today, he had invited her here so he could get to know her and maybe spend a little time with her. Why did he need to share her with everyone else too? “Are you not coming with us Charles?” Y/N’s sweet voice and concerned look made his tummy flip and he nodded dumbly at her before trudging along behind the pair, ‘there’ll be other opportunities’ he told himself firmly. 

“Guys, this is Y/N.” Greetings were exchanged and fangirling was done (though Lando refused to admit he had squealed when Y/N shook his hand) and before Charles knew it, he was being called to the garage to prepare for the start of the race. “I’m sure Lily will be more than happy to let you hang around with her!” Charles nodded towards Lily who was almost vibrating where she stood. Your face fell ever so slightly, “Oh… Yes of course, thank you.” “Is that okay? I’m sorry I can’t stay longer.” “No no it’s okay! I uhhh…” She trailed off, “I guess I’d just hoped that I’d be able to watch it from the Ferrari garage?” Charles felt himself turning as red as his Ferrari team uniform at her confession and he nodded, his tongue feeling heavy, “That’s more than okay, yeah that’s cool... dude,” He gave her a thumbs up and immediately facepalmed mentally. He cringed as he heard Lando snort from behind him and saw Max cover his mouth to hide a laugh out of the corner of his eye. “I-I’ll walk you there.” Charles strolled with her through the paddock, doing his best to pretend that Carlos was not tagging along behind them. She asked him questions as they walked; how long was the race? Was he nervous about today? Did he think it was going to rain? How fast would he be going? Charles answered each one with careful thought and consideration and he felt his heart swell a little at the way she took such genuine interest in him and his job.

“Well, here we are!” Charles led her into the Ferrari garage, greeting each team member he passed and wishing them good luck for the race. Y/N smiled at the interactions, clearly Charles was a kind person. Something fluttered in her tummy as she saw his dimples appear again and again. He handed her a pair of headphones and helped her find a place in front of several large screens. “Have a good race!” She said enthusiastically before cringing internally, “sorry I don’t know what you usually say before a race… I'm guessing I shouldn't really tell you to break a leg…” Charles’ head tipped back as a full laugh came from deep in his tummy. God she was adorable, “Just good luck is enough!” As he turned to leave for the grid, he suddenly stopped at the feeling of her hand gently taking his wrist. “Charles!” His eyes flitted down to look for a second before he looked up at her, she hesitated for a second and he watched as a look of realisation flashed across her eyes before she was dropping his wrist and stuttering out her next words, “I-I just wanted to say… umm…” He took a step towards her, “Yes?” “Drive safely? Please?” A soft smile spread across his face and those damn butterflies were taking flight in her tummy once more. “Always.” He gave her hand a squeeze for reassurance before he was swallowed up by the bustling garage and out of sight. 

Y/N’s lack of F1 knowledge was showing as she did her best to follow along with the race. Part of her wondered if she should have gone with Lily after all. It may have been easier to follow along with her experienced commentary, but Y/N was glad she’d chosen to support Charles a bit more closely. After all, she was his guest. As she watched the cars lap the track again and again she thought back to their conversations. How he’d, albeit quite awkwardly, flirted with her. He’d made her smile that was for sure. Even through the exhaustion of the tour, she’d found herself staying awake a little later just to reply to him. So naturally when he’d invited her to be his guest at Monaco this weekend, how could she say no? 

She watched the screen intently, eyes searching for a red car with each new camera angle. Once or twice she sensed the TV cameras on her, ready to catch her reactions and so she did her best to appear smiley and calm, despite feeling nervous at her surroundings but also nervous for Charles. 

78 laps later and the race was finished. Y/N didn’t know much about F1 but she knew that 6th wasn’t a bad place to be… it just wasn’t the result Charles wanted. She felt bad for him, having sensed through their conversations that week that he added extra pressure onto himself when he raced at Monaco. She understood, she alwasy felt more pressure when performing at home too. Nevertheless she was waiting there for him with a smile when he reached the garage. “Congratulations!” Charles gave a small smile but she could tell he wasn’t feeling as good as he had before the race. “Thank you.” “Well you didn’t crash so I’d say you did a good job! I doubt I could even manage the simplest corner!” Another smile pulled at his lips this time, more genuine. She could tell even after a short while of talking to him when his smiles were genuine or not. His dimples were always deeper and his eyes a lot brighter. “So what happens now?” Charles inhaled before letting out a heavy sigh, “I have a few interviews and then debrief before we pack up and do it all again somewhere new next week!” She giggled, “Sounds just like tour!” Y/N joked before Charles bit his lip, suddenly turning nervous “Hey uhhh, I have to go and do these interviews but if you want, we could… maybe go and get dinner later? I can take you to Lily so you don’t have to hang out alone!” Y/N was silent, Charles felt himself growing embarrassed, “But if you’re busy it’s fine I totally get it and-” “No no! I would like that…��� Y/N nodded as she bit her lip shyly, her head dropping to look at her feet as Charles nervously brought a hand up to rub the back of his neck. 

Acorss from them at the entrance of the garage, Lando and Max stood in conversation with Carlos, all three of them watching the pair intently, “I bet you 50 they’re together by the time we get to Silverstone.” Max nodded completely convinced he was right, “Silverstone? Nahh mate, more like Canada…” Lando said assuredly, “You’re both wrong!” Carlos shook his head, crossing his arms as he leant against the wall, “End of the season.” He said confidently. “End of the season?” Lando raised an eyebrow as Max scoffed, “They’re both two blind idiots with feelings.” Carlos justified, “You have a point…” Max conceded. 

Y/N shifted uncomfortably as she felt someone’s eyes on her, looking around she spotted Carlos, Lando and Max and she felt her cheeks get warm as she realised they’d been staring at her and Charles. Charles followed her gaze and rolled his eyes, “Just ignore them, I think they’re still a little starstruck. Shall we go? I’ll drop you off at Williams on my way.” The pair made their way out of the garage and down the pitlane to the Williams garage. Lily smiled warmly at Y/N as she made her way through the circus of mechanics and engineers and higher ups, “I’ll look after her, don’t worry” Lily sent her a wink which made her giggle, feeling less nervous about not having Charles around. She turned and he smiled at her reassuringly, “I’ll be back in a little bit - I’ll come and find you outside hospitality!” Y/N nodded before turning back to Lily who still seemed a little dazed that she was standing next to her. “I’m so glad you managed to come to the concert!” Lily smiled widely, “It was incredible! I think a few of us are going to go to a few more concerts before the season is over!” Y/N laughed as Lily led her out of the garage and towards hospitality, “You know, I was pretty surprised that Charles decided to join us.” “Oh really?” Y/N said taking a seat with her at one of the tables outside, “Yeah, he’s probably admitted this himself but he had no idea who you were when you guys first met…” Y/N giggled as Lily shook her head good-naturedly, “it’s crazy how you guys bumped into each other like that twice!” “I know!” Y/N’s eyes widened “Did you talk about it with him at all?” Lily asked curiously before Y/N nodded, 

“We did actually! He apologised for not recognising me and assured me he wasn’t trying to kidnap me!” She said with a fond smile, “And I apologised that I’d scared him so much - twice!” The two girls collapsed into fits of giggles before Y’N’s voice dropped to a whisper, “Can I ask you something?” Lily nodded, “Is it true he kept googling all the lyrics through the concert?” Lily let out a loud laugh as Alex and Logan approached the table, “What’s so funny?” Alex asked, taking a seat, “Y/N was just asking me about Charles googling the lyrics at the concert, “How did you hear about that?” asked Logan, “Oh I see everything on twitter,” Y/N said with a smirk, “my fans keep me very well informed!” Lily gasped, “Does that mean you’ve seen the videos of me crying and dancing along?” Alex snorted as Logan coughed to cover up a laugh, both of them remembering how the sight had looked in-person right in front of their eyes. Y/N nodded, her face turning solemn as she placed a hand on Lily’s shoulder seriously, “I’m so sorry Lily but… I don’t think we have a space for you as a backup dancer on this tour.” Lily played along, looking down and clasping her hands together as her eyebrows furrowed, “It’s a brutal industry…” The table fell into laughter before Y/N saw Charles approaching.

“What are we all laughing about, hmm?” Charles was curious as he reached the table, “Oh we were just discussing the outcome of Lily’s audition.” You nodded, face becoming serious once again, “It wasn’t the outcome she wanted…” “I just can’t believe my dancing wasn’t good enough.” “Dancing? Is that what you’d call it?” Alex gave Lily a playful nudge as she gasped dramatically, “Y/N you see how mean he’s being?!” Charles gently placed a hand on her shoulder before leaning down to stage whisper dramatically, “We should leave before this gets nasty!” With a stifled giggle, YN stood up from her chair, making sure to give Lily a hug and exchange her number before following Charles away from the business of the paddock and down a small quiet side street.  

“Where are we going?” Y/N asked, looking around as she took in her surroundings, “There’s a great spot I know a little out of town. It’s kind of a hole-in-the-wall place but they make some of the best pasta I’ve ever had.” 

“Pasta? Sign me up!” Y/N gave an enthusiastic reply as Charles unlocked his car, taking her bag from her shoulder and holding it as he opened her door for her. She slid into the passenger seat and took her bag back, placing it on her lap as he closed the door and jogged round to the driver's seat. As he turned on the engine and the car roared into life, the sound system came on automatically. A familiar voice drifted out through the speakers and a rhythm that her body knew by heart filled the car. “I-is this my song?” Charles found his cheeks matching the colour of his team brand once more as he scrabbled to mute the volume but just turned it up louder in the process Y/N clapped a hand over her mouth, looking at him, as she began giggling harder than she had all day. “I was just… it was… research?” Charles scrambled for an excuse as Y/N continued giggling, hand falling away from her mouth as her head tipped back in laughter. And as they sat there in his car, her song still quietly playing in the background, Charles realised he didn’t mind embarrassing himself and would happily make a fool of himself over and over again if it meant he got to see her laughing like that once more.  “No no no, don’t be embarrassed.” Y/N sighed, her stomach sore from laughter, “I think it’s cute you were researching.” Charles’ cheeks heated up again, ‘she called me cute?’ he screamed at himself in his head. “Okay, honestly? I haven’t been able to get that song out of my head since I heard it at the concert, it’s really catchy!” Y/N nodded, “It gets stuck in my head too sometimes - and it’s my song!” “It’s definitely one of my favourites.” Charles admitted and Y/N found herself having to look out of the window to hide how big her smile was. Charles cleared his throat, “So! Shall we go?” He began to drive, fighting to contain his excitement that you were in the passenger seat, “Don’t go driving as fast as you did earlier!” Y/N joked, Charles smiled, eyes darting to look at her for a second before fixing his gaze back on the road once more, “Never. Not when I have such precious cargo in the passenger seat.” Y/N bit her lip and looked out of the window once more, but Charles could tell she was smiling to herself, he caught it in her reflection in the window.

It suddenly dawned on him as they drove that he didn’t feel as down as he expected to after the race. In fact, he rather felt like he’d won.

₊˚❀.ೃ࿔*:･

next | series masterlist | masterlist

[murfpersonalblog]

IWTV S2 Ep8 Musings - The Ep8 Script (Pt2)

Thanks to slitwrstsavior sharing the script and @memorian for digitizing it! <3

Had to do Pt1 in chunks, cuz of Tumblr's 30-pic limit.

DANGIT. So this was INTENTIONALLY vague, not just some weird choppiness or cut footage.

Ohhhh.... They added just a tiny extra line--

But it's a SPICY line, cuz it implies that Les wasn't fully cooperating/on board with the rehearsal. BUT! Like I said, there's no effing mention/emphasis/indication that he was INJURED, either, which is an L.

They changed it--Louis looks UP, into the middle distance.

I'm fine with it either way--this scene had me and my bff SCREECHING.

Pet peeve, but the crew really should've been spritzing these vampires with a spray bottle of red blood, so we'd SEE the BLOOD SWEAT. (I was thinking about this when that post was circulating about vampire sex in IWTV fanfiction, like, AMC didn't show visual vampiric cues like Blood Sweat or blood (ejaculate) stains on the coffin lining--Les' was WHITE, and we KNOW Loustat was going at it in the coffins, so were they just reupholstering CONSTANTLY?) The books mention Blood Sweat all the time, all over their clothes, but the show just focused on Blood Tears (and ofc Les' ear hemorrhages).

OOOOOOOO.....!!! 👀 That highlighted bit was cut out! "You have grown warm again, filled with the love which you first came to Paris with." WUUUUT!?! So Armand's mind-wipe gaslighting BS against Louis was in the exact same vein as Claudia "finding her childlike wonder again"--which was IMPOSSIBLE, since ARMAND was the one that beat it out of her, Mr. 500 Performances, Mr. Sleep In Your Costume; Mr. They Gave Me A Choice; Mr. I Will Not Harm You.

I seriously suspect that every time Louis had an "outburst" like he said in 1x2, or "acted out," Armand would be like "Go back to your first night in Paris--forget all the bad stuff, just be warm & happy [with me];" but then Lou would FIGHT it (or rather: Daniel's constant prodding would PUSH Louis to fight it), and Armand would have to do it all over again. (My question's why didn't he just kill Daniel? Arrogance, I reckon--he severely underestimated just how good Daniel was; and "You can get lazy," like Lou said, cuz Armand didn't even bother to read Dan's thoughts to learn that the Talamasca was feeding Daniel all this extra information).

They cut that line, too--was Louis parroting him (fighting hypnosis), asking him (for clarification), or challenging him (indignant)?

That might also explain the new couches, LOL, if he wrecked them from the impact or bled on them or something.

(We already know Jacob improvised shaking Eric's hand.)

MLS = LePere Schloop?

Too bad we didn't get this--I wanted to see the main door/lobby of the penthouse (certainly not for my The Sims Dubai penthouse layout, no sir~!) .

They added extra lines about the hurricane being pre-July.

Uhhh.... This might imply certain things. Cuz I've been saying that the post-Paris timeline makes no effing sense (X X), and now we have confirmation(?) that Louis' had an Amex membership since 1951.... Even though Amex credit cards were only started in 1958, as a competitor for the Diner's Card that started in 1950 -- so was Louis an INVESTOR who helped launch the Amex credit card!? XD STFU, AMC! I thought y'all said No Forrest Gumpness!? XD

Also: HOW does Louis qualify for all these credit cards? (We saw he had a regular Amex Green Card in 1973 SanFran). According to Amex application qualifications, you need a US SSN or ITIN; OR a foreign credit card to apply.

And France isn't listed. (Unless anyone's French and has an Amex card who can correct me?)

SSNs have been issued since FDR (1936), so Louis SHOULD have one...but it would be from 1936-40 (pre-Mardi Gras), or after Paris () . Meaning on paper he'd be in his 80s in 2022, so I don't imagine he'd be a Black Card carrier for too much longer, unless he's got someone on the inside cooking the books for him.

Omfg AMC I hate y'all. got me out here overthinking effing PROPS.

They added a few lines about the green "pearly gates" of 1132:

And took out a few lines:

And took out an interesting bit of tea:

So the people of ~1940s NOLA thought Claudia was Louis' daughter (Claudia DPDL confirmed???) but the grapevine ALSO rumored that she was his child bride--OOF! 💀 (Which tracks with the AR pedo/incest stuff. Thank goodness they DON'T remember his name!)

Rolin keeps mentioning this smashed piano, but I HAVE LOOKED, but I also have crap eyesight (curse you, midnight gaming sessions), and I just don't frikkin see any smashed piano. HELP.

DEFINITELY not the Mayfair mansion though! XD DANG, I wish they'd included a few frames of gangs tryna rob the Garden District homes, coming up on the Mayfair house, and IMMEDIATELY booking past it like they'd seen a ghost. CROSSOVER, AMC, COME ONNNN.

Drats, I wanted to see Millennial Fledgling try to square up against Lou, and get one of Lou's patented condescending smirks. XD

And Les looked dirty, but he didn't look malnourished, sadly; which I'm still mad about.

In the FLOORBOARDS? OK, come through, BRUCE--I been saying this about Lestat, yet people wanna call me names!

New rule, AMC: NEVER remove Loustat lines. We need ALL the angst. Les out here like: ain't no way a baddie like Lou is SINGLE! XD

S3 BETTER show us Les watching the most vapid ish on Youtube, omg.

LOL

Drats--it might have been cool to see him with those huge pupils he gets when he's mad/hungry, but ah well; he still looked like a gorgeous BAMF.

EXCELLENT SCRIPT, EXCELLENT SHOW, GAAAAAAAH!!! ❤️

[fans4wga]

'The Hollywood strike can and must win – for all of us, not just writers and actors'

Excerpt:

"The thousands of workers engaged in this enormous, multi-union Hollywood strike – something America hasn’t seen since 1960 – represent the frontline of two battles that matter to every single American. You might not naturally pick “writers and actors” to be the backbone of your national defense force, but hey, we go to war with the army we have. In this case, they are well suited to the fight at hand.

The first battle is between humanity and artificial intelligence. Just a year ago, it seemed like a remote issue, a vague and futuristic possibility, still tinged with a touch of sci-fi. Now, AI has advanced so fast that everyone has grasped that it has the potential to be to white-collar and creative work what industrial automation was to factory work. It is the sort of technology that you either put in a box, or it puts you in a box. And who is going to build the guardrails that prevent the worst abuses of AI?

Look around. Do you believe that the divided US government is going to rouse itself to concerted action in time to regulate this technology, which grows more potent by the month? They will not. Do you know, then, the only institutions with the power to enact binding rules about AI that protect working people from being destroyed by a bunch of impenetrable algorithms that can produce stilted, error-filled simulacrums of their work at a fraction of the cost?

Unions. When it comes to regulating AI now, before it gets so widely entrenched that it’s impossible to roll back, union contracts are the only game in town. And the WGA and Sag-Aftra contracts, which cover entire industries, will go down in history as some of the first major efforts to write reasonable rules governing this technology that is so new that even knowing what to ask for involves a lot of speculation.

What we know for sure is this: if we leave AI wholly in the hands of tech companies and their investors, it is absolutely certain that AI will be used in a way that takes the maximum amount of money out of the pockets of labor and deposits it in the accounts of executives and investment firms. These strikes are happening, in large part, to set the precedent that AI must benefit everyone rather than being a terrifying inequality accelerator that throws millions out of work to enrich a lucky few. Even if you have never been to Hollywood, you have a stake in this fight. AI will come for your own industry soon enough.

And that brings us to the second underlying battle here: the class war itself. When you scrape away the relatively small surface layer of glitz and glamor and wealthy stars, entertainment is just another industry, full of regular people doing regular work. The vast majority of those who write scripts or act in shows (or do carpentry, or catering, or chauffeuring, or the zillion other jobs that Hollywood produces) are not rich and famous. The CEOs that the entertainment unions are negotiating with make hundreds of millions of dollars, while most Sag-Aftra members don’t make the $26,000 a year necessary to qualify for the union’s health insurance plan."

Read more

[evermoreparkbadger]

Timestamped responses to Jenny Nicholson's new Patreon ramble about Evermore.

You'll have to be subbed to her Patreon to have any context for these, but Patreon is also pretty bad at sorting and finding comments so I'm reposting it here for a bit more visibility.

4:34 I hadn’t heard of him either, despite the fact that I was a performer during time he was supposedly a manager. This isn’t really surprising, ground-level employees scarcely received communication from or about anything above their department’s management.

6:55 Hi Bob! He was actually a cast member at Evermore for one season. This was after he had already been reporting on Evermore for a while, and AFAIK none of his content even during or after that period was endorsed by the park. I can attest he is as friendly and genuine in person as he is in his videos, and a great guy.

7:07 There were several others during the first few years. After Evermore announced in early 2021 that they were discontinuing all stories, quest, and characters they had done up until that point and changing to a more story-light experience, several of the most dedicated fans and frequent guests stopped engaging with the park, including any who made content about it.

8:32 Yeah. They did reorganize and lay people off several times, but only below a certain point in seniority. Obviously Ken himself and any business partners or investors that had any stake in the company maintained control. Though, if they ever “managed” anything, it was done in a very hands-off way and dictated through several layers of employees.

9:55 This kind of toxic positivity is rampant in Utah. Any type of criticism or discontent towards any leadership, usually rich, straight, white men, is highly frowned upon. Literally, in this case. The people who dare to express negative opinions or challenge the status quo (who are often not rich straight white men) are then viewed as problematic and practically shunned. Anyone who criticizes or challenges is bad, bad people are untrustworthy, therefore their criticisms and opinions are invalid.

10:23 Also strange since he did create a TTRPG company. If anything, I think that would qualify someone as a “nerd” themselves.

10:45 Exactly!

11:12 Ken held strong control over a lot of aspects of the park and the business, but it’s obviously far too big of an operation for one person to micro-manage so much of it. Another example is he wouldn’t let anyone change the Evermore website. It was commonly suggested to use the website as a way to communicate storylines and background information for new guests but it never happened. It’s unclear if Ken outright refused that, or if he didn’t mind the idea but wouldn’t do it himself or let anyone else have access to do it.

13:25 There were times when the food at the park was good. I don’t know if they were only able to have better food by cutting corners, operating without being under code, and then changed once they were under scrutiny (remember when one of the buildings lit on fire?), or if they just cut costs.

17:40 I think [Jenny is] probably right, and I don’t think this was the only time it or something similar happened. There were several times Ken would try to bring new money in, and sometimes people would bite-only to quickly back out after learning how bad the situation was.

18:50 That would require admitting fault or failure from park leadership, and thus would have never happened.

22:50 This aggravates me lol. Changing the official Facebook page name for the park changed all my “worked at” and tagged posts to say “Thecrookedlantern” instead of “Evermore Park” and it looks awful and drives me crazy.

23:30 I’m definitely biased here but I do think that some of the intellectual property that Ross now owns does have some value, or at least at one point had the potential to, but ironically it was all but abandoned after the aforementioned 2021 announcement. The worldbuilding and characters had their moments, and the Evermore Realms card game, while a relatively small project, was reportedly actually profitable for Evermore. There was an entire second set of cards designed and ready to print that never saw the light of day. Furthermore, even though Ross technically owns all the intellectual property from Evermore, he might not even be aware of most of it. Even if he was it probably wasn't properly archived anywhere. He’d have to dig through old employee emails Google Drives to piece it together, if that data even still exists or he has any way to access it, or rehire someone who worked on it to attempt to recreate it.

25:25 An Evermore property only designed to look nice and not actually facilitate people or events there? Consider me shocked. /s

30:00 Beyond the Gates is not the first former employee/fans spiritual successor that has been attempted. I was briefly involved with a group called Mynheras larp that was also the same concept. Their goal was to not have the same problems Evermore had and then almost immediately began falling apart because they were having the same problems Evermore had-at least on the creative side of things. They didn’t have any money. I haven’t worked with Beyond the Gates but there are good and talented people who are involved and I wish them the best.

31:20 I’d like to think most of us are appreciative towards the work [Jenny] did and agree with all the criticism [Jenny] made (and more), and I know several of us are, but it is Utah. I would be disappointed, but not surprised, to find a handful who hold undue resentment towards [Jenny].

39:00 I don’t know anything about this exhibit in particular, but there were so many incredibly talented people who were exploited, burned, and abandoned by Evermore. Several sculptors and creature-creators worked for months to years before the park opened, and then were laid off within months of the park opening. I’m glad to see some of their efforts and creations survived and are being put to some use.

42:30 I’m getting emotional and nostalgic seeing these omg ;_;

44:25 oh I’m so glad you had the opportunity to speak to one of them directly!

44:50 YES. This was actually a part of a big and surprising problem with Evermore’s development and how there was no intellectual property developed (e.g. story and characters) before they had to start building them. I’ll go into this in more depth in my eventual video about my experiences at Evermore if I ever finish it

45:28 yep yep yep

46:20 YEP YEP YEP

47:00 I actually didn’t know a lot of this either and it explains a lot.

47:20 and while I’m sure this all true, a lot of the puppets and creature suits did fall into significant disrepair and were never fixed.

51:20 I never personally saw any of this behavior but I did hear about it from others who I 100% believe.

52:00 My impression is that he’s not evil or malicious per se, but is someone whose ego far surpasses his competence and refuses to acknowledge or accept his failures or shortcomings. When confronted with them, he lashes out.

EDIT: I have since seen his recent Twitter replies. He has gone full alt-right Musk bro. Evermore was something of a haven for a lot of marginalized communities in Utah, not to mention -he has queer children himself-, so him revealing those opinions is a complete betrayal. I try to afford some benefit of doubt where possible, but he’s shown his true colors.

55:00 this is hilarious and I never heard these details before. While, I believe, none of the displays were intended to be specifically religious, several of the antiques were originally religious in nature and several sculptures made for the park were themed similarly. It all felt very classically Catholic or Anglican, which is funny to do in Utah where the population is very religious and conservative but specifically (and proudly) NOT Catholic or Anglican. Mormons. ¯\_(ツ)_/¯

56:55 lmao we literally called that building “the barn” the first couple of seasons.

57:55 I was under the impression that the tavern was one of the few that was an original design, but maybe that was just the interior.

59:10 As far as I know, they never attempted to sell liquor on the park premises outside of the premium special events and Vander’s Keep. Corners were cut constantly, but I don’t think they were ever this bold with it. I’m sure he wanted to, but it would be impossible to get away with in Utah. It would stand out so much compared to any other similar attraction in the state, and enough of the population would actually be shocked and offended at the presence of alcohol that some suburban parents with too much time on their hands would report them immediately.

1:00:30 I don’t recall any specific details but there were several liens and lawsuits from contractors who weren’t paid even in the first year Evermore was open.

1:01:40 I’m not an authority on this subject but I don’t actually think this was the case for this building. The upper floor did have “pillars”, but they weren’t put in until several years after the park opened and were clearly fake and not structurally integral. There were antique stone columns in the park (and I once heard they were actually the oldest artifacts on site), but they were across the graveyard from the building around the weird shrine with the antique statue of Saint Apollonia, the Catholic patron saint of dentistry. To be clear, the mausoleum could easily have not been up to code but it wasn’t because there were marble columns in the upper floor. I’m not trying to defend the park by any means, but I’d like to try to keep the facts straight to paint an accurate picture.

1:03:50 These details are also new to me and also not a surprise. Infrastructure throughout the park was very limited. Again, I’m not an expert and don’t know the specifics, but the idea of hosting mid-sized performances and concerts was brought up several times almost immediately when the park opened, and I was told the infrastructure couldn’t support anything like that. Not even electricity for proper lights and sound.

1:04:50 As far as I know this is correct. I’m sure new owners wouldn’t want to inherit all the problems, debts, and negative reputation Evermore Park the company has, but it is sad that the park and the intellectual property have been separated.

1:12:13 I’m getting flashbacks to hbomberguy revealing that Tommy Tallarico wasn’t actually on MTV Cribs

1:16:00 While I’m also not particularly optimistic, this is still a much better outcome than having it all be demolished and bulldozed for condominiums.

1:20:00 This isn’t the first time this has happened in Utah. They seem to be copying a trend of semi-high-profile scavenger hunts that have taken place in the state over the past several years. Unsurprisingly, the winners are always the people who can afford to commit the most time to it (i.e. not working a day job), which aren’t the people that could use the money the most.

1:32:20 Amongst the several, several red flags around Realm Town (and that terrible, terrible name), the one point of optimism I’ll give is that the man in this footage here (he’s not as public as the owners so I won’t name him but for all I know he introduces himself in one of their videos) is the former “Project Director” at Evermore from late 2019 until the layoffs in 2021, and was in a senior creative position for at least a year before that. He was creatively involved in all the storylines and “gameplay” that existed during what is considered to be Evermore’s peak, and experienced firsthand all the traps, shortcomings, frustrations, and challenges in developing and operating Evermore. Him returning to the land formerly-known-as-Evermore is something of a redemption arc, or could be. I would say that because of his direct, firsthand experience that he is one of the more qualified people who could direct this project, but judging by everything you’re pointing out here I worry he is in a similar position under the Foxes as he was under Ken. But I also wonder, because of the new ownership’s apparent cluelessness and aimlessness, if he and/or other people passionate about the park were the ones who encouraged them to purchase the land in the first place.

1:50:40 Meh. If they didn’t know what they were getting into when they purchased the land then you’re just educating them about it now. Anyone reasonable would be grateful for it, but maybe it’s unrealistic to expect that anyone who owns these projects to be reasonable.

1:52:10 Oh! There it is! The card game. I am forever bitter about it because the characters I played weren’t included in the initial set that was printed but were going to be in the finished but unpublished second set. Someone who had connections to its development very generously leaked the art to me and it’s amazing and I don’t know if I can even legally share it.

I moved states after my last season at Evermore in August 2023, so I don’t have too much more insight into Realm Town or any other ongoing developments. What small relevance I’ve had here is quickly diminishing haha. I mentioned in another comment that I’m working on a video describing my experiences at Evermore. I say this not to self-promote, but hopefully by making myself accountable to some other people I might be encouraged enough to actually finish it. Big thanks yet again to Jenny for her earnest and thorough approach to this fascinating topic (and to all the topics she covers on her channel) that means a lot, or meant a lot, to several passionate and talented people and for encouraging large-scale creative endeavors to meet their potential by offering helpful and specific criticisms and ideas.

[dovetailcaptal]

Balancing Act Risk Management Strategies for Portfolio Diversification

Investing in today's financial markets can sometimes feel like a high-stakes juggling act. Balancing risk and reward is a delicate art, and when it comes to managing portfolios, it's all about finding the right equilibrium. In this blog, we'll explore the critical concept of risk management in the context of portfolio diversification. We'll delve into the strategies that investors use to navigate this terrain, using relatable examples to make it easy to understand.

The Quest for Balance

Imagine you're a tightrope walker trying to cross a vast chasm. The rope represents your investment portfolio, and the balancing pole is your risk management strategy. One wrong move, and you could fall into the financial abyss. Portfolio management services understand this challenge all too well, and it's a task they approach with precision.

Risk and Return

Qualified institutional investors and foreign portfolio investors are always on the lookout for the right balance between risk and return. You've probably heard the adage, "Don't put all your eggs in one basket." This wisdom underpins the concept of portfolio diversification. Essentially, it means spreading your investments across various asset classes to reduce risk. For example, if you invest in stocks and bonds, the performance of one asset can offset the other, helping to stabilize your portfolio.

The Global Impact

Now, let's explore the global impact of risk management through diversification, a concept that resonates with both individual investors and qualified institutional investors. For instance, a pension fund managing the retirement savings of thousands must ensure stability. They diversify across various investment vehicles, from equities to fixed income, aiming to safeguard against market volatility.

Asset Allocation Strategies

Diversification is not a one-size-fits-all strategy. Different investors, be they foreign portfolio investors or qualified institutional investors, employ various asset allocation techniques. These strategies balance stocks, bonds, cash, and other assets according to risk tolerance and financial goals.

For instance, younger investors with a longer time horizon may allocate a higher portion of their portfolios to stocks, which offer greater growth potential but come with higher volatility. In contrast, retirees may lean more towards bonds and cash to reduce risk and ensure a stable income stream.

Balancing risk and reward through portfolio management services diversification is a universal practice, with a global impact that extends from individual investors to massive institutional players.

By understanding the art of portfolio diversification and risk management, you can navigate the financial markets with confidence, like a seasoned tightrope walker, ensuring a secure financial future.