Devletlerinin politika faizlerini, 2 y\u0131ll\u0131k , 5 y\u0131ll\u0131k ya da 10 y\u0131ll\u0131k vadelerde bile s\u0131f\u0131ra yak\u0131n yerlerde g\u00f6ren bu bireyler, sermaye piyasalar\u0131n\u0131 daha \u00e7ok tercih eder olmu\u015f, b\u00f6ylelikle sermaye piyasalar\u0131 \u2018paran\u0131n de\u011ferini koruma\u2019<\/strong> eyleminde birincil mek\u00e2n haline gelivermi\u015f.<\/p>\n\n\n\n Hep konu\u015fuyoruz ya, FED faiz artt\u0131racak, dolar anavatan\u0131na d\u00f6necek diye; FED beklentiler do\u011frultusunda 5 tane faiz art\u0131\u015f\u0131 yapsa, her ad\u0131m\u0131nda da 0,25 ilerlese, y\u0131l sonunda ula\u015f\u0131lacak faiz seviyesi %1,50, d\u00fc\u015f\u00fcn\u00fcn!<\/p>\n\n\n Euro B\u00f6lgesine bakt\u0131\u011f\u0131n\u0131zda da durum \u00e7ok farkl\u0131 de\u011fil; paran\u0131z\u0131 10 y\u0131ll\u0131\u011f\u0131na emanet edip, %99\u2019unu geri alabildi\u011finiz; T\u00fcrk insan\u0131n\u0131n \u00e7ok da al\u0131\u015f\u0131k olmad\u0131\u011f\u0131 \u2018eksi faiz\u2019<\/strong> gibi fiyatlamalar g\u00f6r\u00fcyoruz.<\/p>\n\n\n\n \u00dclkelerin refah d\u00fczeylerine paralel olarak, enflasyonist bask\u0131lar\u0131n d\u00fc\u015f\u00fck, faizden elde edilen getirilerin yetersiz oldu\u011fu ortamlarda sermaye piyasalar\u0131 \u2018g\u00fc\u00e7l\u00fc alternatif\u2019<\/strong> olarak finansal markette yer alm\u0131\u015f, hatta refah toplumlar\u0131na ait bireylerin \u2018tasarruf g\u00fcd\u00fclerinin\u2019<\/strong> sermaye piyasalar\u0131nda park etmi\u015f olmas\u0131, \u00e7ok s\u0131radan hale gelmi\u015f bir ya\u015fam tercihi durumunda. <\/p>\n\n\n\n Sermaye piyasalar\u0131 neden \u00f6nemli?<\/strong><\/p>\n\n\n\n Bu soruyu kendime hep soruyorum.<\/p>\n\n\n\n Kurallar\u0131 net \u015fekilde \u00e7izilmi\u015f ve yat\u0131r\u0131mc\u0131y\u0131 koruma g\u00fcd\u00fcs\u00fcyle tasarlanm\u0131\u015f bir sistemde neyi \u0131skal\u0131yor olabiliriz ki, sermaye piyasas\u0131nda var olan kat\u0131l\u0131mc\u0131 say\u0131s\u0131nda \u2018Geli\u015fmi\u015f \u00fclkelerin\u2019<\/strong> \u00e7ok \u00e7ok gerisindeyiz?<\/p>\n\n\n \u00dclkemizdeki tasarruf, yat\u0131r\u0131m ve getiri \u00fc\u00e7geninin en \u00f6nemli ev sahibi bankalard\u0131r.<\/p>\n\n\n\n Hepimiz, bankac\u0131l\u0131k hizmetleri do\u011frultusunda sunulan bir finansal \u00fcr\u00fcn gam\u0131yla muhatab\u0131z ve se\u00e7imlerimizi bizlere sunulan bu \u00fcr\u00fcnler do\u011frultusunda yap\u0131yoruz.<\/p>\n\n\n\n Finansal varl\u0131klar, yap\u0131lar\u0131 itibariyle; farkl\u0131 risk alg\u0131lar\u0131na, farkl\u0131 beklentilere ve farkl\u0131 zaman aral\u0131klar\u0131ndaki hedeflere odaklanm\u0131\u015f ki\u015filere sunulabilecek \u00e7ok farkl\u0131 temel \u00f6zellikler ta\u015f\u0131maktalar. Ancak finansal sistem, m\u00fc\u015fteriyi tan\u0131ma ve ihtiya\u00e7lar\u0131 do\u011frultusunda y\u00f6nlendirme konusunda y\u0131llard\u0131r \u00e7ok \u00f6nemli bir konuyu atlayarak m\u00fc\u015fteriyle i\u015f ili\u015fkisine ge\u00e7mekte: M\u00fc\u015fterinin risk alg\u0131s\u0131 ve yat\u0131r\u0131m beklentileri.<\/p>\n\n\n \u00dclkemizdeki tasarruflar vadeli TL&YP mevduat, fiziki alt\u0131n ve gayrimenkul \u00fc\u00e7geninde devam ededursun; tasarruf edebilme disiplinine sahip olabilen kitlelerimiz \u2018sermaye piyasalar\u0131ndan uzak\u2019<\/strong> bir birikim kurgusu i\u00e7inde nefes al\u0131p verdiklerinden, s\u00fcrekli geli\u015fen ve de\u011fi\u015fen sermaye piyasas\u0131 evreninden, bu evrendeki gizli f\u0131rsatlardan uzaktalar.<\/p>\n\n\n\n Sermaye piyasalar\u0131n\u0131n geli\u015fmesi hangi noktalarda geli\u015fme sa\u011flar?<\/strong><\/p>\n\n\n\n Sermaye piyasalar\u0131 genellikle \u015firketlerin pay piyasas\u0131 ve tahvil ihrac\u0131 yoluyla \u2018bireylerle\u2019<\/strong> finansal bir al\u0131\u015fveri\u015f i\u00e7inde olduklar\u0131, bireylerin ya da kurumlar\u0131n birikimlerini \u00f6zel bir varl\u0131k s\u0131n\u0131f\u0131 ya da yat\u0131r\u0131m temas\u0131nda d\u00fc\u015f\u00fck maliyetlerle de\u011ferlendirebildikleri, bir ad\u0131m ileri gidersek; birey veya \u015firketlerin d\u00fcnyan\u0131n s\u00fcrekli de\u011fi\u015fen risklerine kar\u015f\u0131 t\u00fcrev piyasalarda \u2018koruma veya kazan\u00e7 f\u0131rsat\u0131\u2019<\/strong> bile arayabildikleri geli\u015fmi\u015f bir piyasa.<\/p>\n\n\n\n Elbette bir\u00e7ok alt k\u0131r\u0131l\u0131m\u0131 var bu evrenin ancak, temelde \u2018kurall\u0131 ve g\u00fcvenilir esaslara ba\u011fl\u0131 piyasalar\u2019<\/strong> oldu\u011funu s\u00f6ylemek yanl\u0131\u015f olmayacakt\u0131r.<\/p>\n\n\n Sermaye piyasas\u0131 \u00fcr\u00fcnleri aras\u0131nda ETF\u2019ler yani Borsa Yat\u0131r\u0131m Fonlar\u0131; s\u0131radan bir geli\u015fmi\u015f \u00fclke bireyi i\u00e7in, yat\u0131r\u0131mlar\u0131n\u0131 sermaye piyasalar\u0131nda de\u011ferlendirirken ula\u015fabilece\u011fi en d\u00fc\u015f\u00fck maliyetli yetkin se\u00e7eneklerden biridir. Bu sayede hem bir varl\u0131k s\u0131n\u0131f\u0131na \u00e7ok d\u00fc\u015f\u00fck bir komisyonla yat\u0131r\u0131m yapabilirsiniz; hem de \u00e7ok likit varl\u0131klar oldu\u011fu i\u00e7in s\u00f6z konusu ETF\u2019leri borsalarda al\u0131p satarak ekstra kazan\u00e7 da elde edebilirsiniz. \u00dclkemizde ETF (Exchange Trade Fund) T\u00fcrk\u00e7e ifadesiyle Borsa Yat\u0131r\u0131m Fonu sadece ve sadece 15 adetle s\u0131n\u0131rl\u0131 kal\u0131rken; \u00fclkemizdeki sermaye piyasas\u0131 evreninde yaln\u0131zca iki portf\u00f6y \u015firketimiz taraf\u0131ndan tercih edilmi\u015f.<\/p>\n\n\n\n https:\/\/www.kap.org.tr\/tr\/YatirimFonlari\/BYF<\/p>\n\n\n\n ABD\u2019de menkul k\u0131ymet yat\u0131r\u0131m fonlar\u0131n\u0131n b\u00fcy\u00fckl\u00fc\u011f\u00fc GSYH\u2019nin %141\u2019i gibi bir rakamla ifade edilirken, bizde bu rakam %2,5 seviyesinde. (Kaynak: TSPB 2020 Sermaye Piyasas\u0131 Raporu- May\u0131s 2020)<\/p>\n\n\n Bankalar\u0131n, \u00fclkemizin en \u00fccra k\u00f6\u015fesine bile ula\u015fabilen a\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcrseniz, insanlar\u0131m\u0131za finansal okuryazarl\u0131k kazand\u0131rabilmesi ve bireylerin vasat\u0131n \u00fczerinde bir finansal bilgi sahibi olarak sermaye piyasalar\u0131nda g\u00fcvenle yat\u0131r\u0131m yapabilmesi konular\u0131nda \u00f6nemli rolleri olabilece\u011fini d\u00fc\u015f\u00fcn\u00fcyorum.<\/p>\n\n\n\n \u00c7ok basit bir g\u00fcncelleme ile, m\u00fc\u015fteri kabul esaslar\u0131na eklenecek ve m\u00fc\u015fterinin hesap a\u00e7\u0131l\u0131\u015f\u0131 s\u00fcre\u00e7lerine entegre edilerek m\u00fc\u015fterinin risk alg\u0131s\u0131 ve sermaye piyasalar\u0131na olan ilgisi konusunda fikir verebilecek bir \u2018kabul\u2019<\/strong> s\u00fcreci, her \u015feyi daha \u2018\u00f6l\u00e7\u00fclebilir\u2019<\/strong> hale getirecektir.<\/p>\n\n\n\n Bankalar\u0131n ya da di\u011fer finans kurumlar\u0131n\u0131n, daha m\u00fc\u015fteri kabul\u00fc esnas\u0131nda toplam\u0131\u015f oldu\u011fu bu veri, finansal sistemin hem \u2018m\u00fc\u015fteri ihtiya\u00e7lar\u0131n\u0131n do\u011fru anla\u015f\u0131lmas\u0131\u2019<\/strong> hem de sermaye piyasas\u0131 akt\u00f6rlerinin, bilin\u00e7li m\u00fc\u015fteri tercihleri do\u011frultusunda \u2018disipline\u2019<\/strong> olmas\u0131n\u0131 sa\u011flayacak do\u011fal bir s\u00fcreci de tetikleyici olacakt\u0131r. <\/p>\n\n\n\n Basit bir \u00f6rnek verelim:<\/p>\n\n\n\n Hisse senedi yat\u0131r\u0131mlar\u0131nda bilgi, \u00e7ok kritik de\u011ferdedir ve bu bilginin de alt k\u0131r\u0131l\u0131mlar\u0131 var:<\/p>\n\n\n\n S\u0131radan bir yat\u0131r\u0131mc\u0131n\u0131n bu bilgileri \u2018mesle\u011fi sadece bu olan\u2019<\/strong> yetkin profesyonellerden alabilece\u011fi \u2018ula\u015f\u0131labilir\u2019<\/strong> mecra \u2018finansal analiz\u2019<\/strong> raporlar\u0131d\u0131r.<\/p>\n\n\n Sadece \u00fclkemizde de\u011fil, Goldman Sachs gibi k\u00fcresel bir finans devinde bile \u2018finans sekt\u00f6r\u00fcnde istihdam edilecek gen\u00e7 beyinlerin\u2019 <\/strong>kazan\u0131lmas\u0131 art\u0131k iyice zor hale gelmi\u015f, finans sistemi \u2018nitelikli insan kayna\u011f\u0131n\u0131\u2019<\/strong> mumla arar hale gelmi\u015fse; finansal \u00f6zg\u00fcrl\u00fck hedefimize, sadece BIST30 \u015firketlerinin finansallar\u0131 ve analiz raporlar\u0131n\u0131 okuyarak m\u0131 ula\u015faca\u011f\u0131z?<\/p>\n\n\n\n Sermaye piyasas\u0131nda istihdam edilecek \u2018finansal analist\u2019<\/strong> say\u0131s\u0131n\u0131n artmas\u0131 ve sadece BIST30 \u015firketleri i\u00e7in de\u011fil, BIST100 veya BISTTUM gibi daha geni\u015f yelpazede yer alan \u015firketlerimizin de \u2018finansal analiz raporunun\u2019<\/strong> yaz\u0131lmas\u0131 demektir asl\u0131nda.<\/p>\n\n\n\n Piyasam\u0131z\u0131n rasyonel bilgi anlam\u0131nda yat\u0131r\u0131mc\u0131lar\u0131 bu y\u00f6nde ayd\u0131nlat\u0131r bir yap\u0131ya b\u00fcr\u00fcnmesi; hakk\u0131nda analiz raporu yaz\u0131lan borsaya kote \u015firketlerin \u2018y\u00f6netsel yetkinliklerini\u2019<\/strong> g\u00f6zden ge\u00e7irecekleri, bilin\u00e7li yat\u0131r\u0131mc\u0131ya kar\u015f\u0131 sorumluluk hissedecekleri, i\u015f yap\u0131\u015f bi\u00e7imlerini \u2018k\u00fcresel standartlara g\u00f6re g\u00fcncellemek zorunda kalabilecekleri\u2019 <\/strong>bir sonucu da beraberinde getirecektir. <\/p>\n\n\n\n \u00d6zetle, bu s\u00fcrecin g\u00f6z ard\u0131 edilemeyecek bir \u2018insan kayna\u011f\u0131\u2019<\/strong> ger\u00e7e\u011fi de var.<\/p>\n\n\n\n Yaz\u0131n\u0131n ba\u015fl\u0131\u011f\u0131 \u2018Yat\u0131r\u0131mdaki Demokrasi\u2019<\/strong><\/p>\n\n\n\n Finansal okuryazarl\u0131k, g\u00f6n\u00fcll\u00fc bi\u00e7imde yaymaya \u00e7al\u0131\u015ft\u0131\u011f\u0131m ve daha fazla insana ula\u015fmas\u0131 i\u00e7in kendimi adad\u0131\u011f\u0131m bir kavram.<\/p>\n\n\n\n Bu \u00fclkede herkes, yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 tad\u0131nda finansal hizmet alabilecek \u2018alt limitte\u2019<\/strong> bir birikime sahip olmayabilir. Ancak herkesin, emek harcayarak elde etti\u011fi birikimlerini, finansal sistemin di\u011fer t\u00fcm akt\u00f6rleriyle \u2018e\u015fit\u2019<\/strong> bi\u00e7imde de\u011ferlendirebilmek ve b\u00fcy\u00fctebilmek gibi bir hakk\u0131 var!<\/p>\n\n\n\n Finansal varl\u0131k \u00f6zelinde yat\u0131r\u0131m fonu, finans profesyonelleri taraf\u0131ndan \u2018iyi niyet\u2019<\/strong> esas\u0131yla y\u00f6netilerek \u015feffaf ve yat\u0131r\u0131mc\u0131 lehine kurgulanan bir se\u00e7enek oldu\u011fu i\u00e7in sosyal medyamda dsa ilk olarak \u2018yat\u0131r\u0131m fonlar\u0131\u2019<\/strong> konusuna odakland\u0131m.<\/p>\n\n\n\n Herkes finansal se\u00e7enekler anlam\u0131nda e\u015fit bir evrende olmak zorunda. Ve emin olunuz; bundan daha ilham verici motivasyonum yok mesleki anlamda.<\/p>\n\n\n\n Piyasa duygusuz ve rasyonel. \u00dclkemizdeki finans sisteminin, tasarruf sahiplerinin varl\u0131klar\u0131n\u0131 sa\u011fl\u0131kl\u0131 bi\u00e7imde tabana yaymak ve ilgililere en geni\u015f yelpazede hizmet vermek gibi bir \u2018\u00e7at\u0131n\u0131n alt\u0131nda\u2019 <\/strong>1.000 TL\u2019si olana da 1.000.000 TL\u2019si olana da e\u015fit yakla\u015fmak, e\u015fit hizmet vermek gibi bir sorumlulu\u011fu var. <\/p>\n\n\n Sistem, t\u00fcm payda\u015flar\u0131n\u0131 risk alg\u0131s\u0131 ve finansal bilgisine g\u00f6re kategorize eden sa\u011flam bir disiplin, her risk kategorisine uygun anla\u015f\u0131l\u0131r ve kolayca ula\u015f\u0131labilir bir \u00fcr\u00fcn gam\u0131, bireyler ve onlar\u0131n tasarruflar\u0131n\u0131 her t\u00fcrl\u00fc manip\u00fclasyondan uzak tutacak sa\u011flam bir alt yap\u0131y\u0131 kurmak ve bunu toplumun en \u00fccra k\u00f6\u015felerine kadar yaymak gibi bir sorumluluk da ta\u015f\u0131yor!<\/p>\n\n\n\n Ve bu sistematik, en g\u00fc\u00e7l\u00fc ve verimli yolla; en kolay sermaye piyasalar\u0131nda sa\u011flanabilir.<\/p>\n\n\n\n 2003 y\u0131l\u0131nda ba\u015flayan BES sistemine gelen en g\u00fc\u00e7l\u00fc ele\u015ftirinin, BES plan\u0131na giri\u015f yap\u0131ld\u0131ktan sonra \u2018BES Fonlar\u0131n\u0131n performans takibinin yap\u0131lmamas\u0131\u2019<\/strong> ve fon tercihlerine ait g\u00fcncelleme y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcn\u00fcn \u2018kat\u0131l\u0131mc\u0131lara b\u0131rak\u0131lmas\u0131\u2019<\/strong> de\u011fil miydi?<\/p>\n\n\n\n Herkese e\u015fit yakla\u015fan ve finansal beklentilerine g\u00f6re \u2018\u00f6znel\u2019<\/strong> hizmet sunabilen bir sermaye piyasas\u0131n\u0131n varl\u0131\u011f\u0131 \u00e7ok \u00f6nemli.<\/p>\n\n\n\n Ve bu piyasan\u0131n, \u00f6rne\u011fin Borsa \u0130stanbul y\u00f6netiminin 2021 \u00f6zetini yaparken \u00f6v\u00fcn\u00e7 kayna\u011f\u0131 olarak anlatt\u0131\u011f\u0131 \u2018Halka Arz\u2019<\/strong> metodu ile para toplama mant\u0131\u011f\u0131ndan uzak kurgulanmas\u0131 gerekti\u011fi \u00e7ok a\u00e7\u0131k.<\/p>\n\n\n\n Bizim bu \u00fclkenin bireyleri olarak, global hedefleri olan ve sermaye piyasam\u0131z\u0131 bu y\u00f6nde geli\u015ftirme amac\u0131n\u0131 ta\u015f\u0131yan yap\u0131sal politikalara, Borsam\u0131z\u0131 ve dolay\u0131s\u0131 ile sermaye piyasam\u0131z\u0131 \u2018global\u2019<\/strong> \u00f6l\u00e7\u00fcde d\u00fcnyaya tan\u0131tan ufuk a\u00e7\u0131c\u0131 stratejilere ihtiyac\u0131m\u0131z var.<\/p>\n\n\n\n \u00d6rne\u011fin neden Norve\u00e7 Varl\u0131k Fonu yat\u0131r\u0131m yapmas\u0131n sermaye piyasam\u0131za?<\/p>\n\n\n Neden biz \u00fclkece b\u00fcy\u00fcme potansiyelimizi, sermaye piyasam\u0131z \u00fczerinden global fon sahiplerine \u2018sa\u011fl\u0131kl\u0131 yollarla anlatmay\u0131\u2019<\/strong> denemiyoruz?<\/p>\n\n\n\n Neden \u00e7ok \u00fcz\u00fcc\u00fc \u015fekilde sermaye piyasas\u0131, \u00fclkemizde ya\u015fayanlar i\u00e7in manip\u00fclatif bir \u2018oyun mek\u00e2n\u0131\u2019<\/strong> olarak alg\u0131lanmaya devam ediliyor?<\/p>\n\n\n\n S\u00f6z\u00fcn \u00d6z\u00fc<\/strong><\/p>\n\n\n\n Finansal okuryazarl\u0131k neden kritik ve t\u00fcm payda\u015flar\u0131n\u0131 asl\u0131nda nereye g\u00f6t\u00fcr\u00fcr, bu konudaki g\u00f6r\u00fc\u015flerimi de bir sonraki yaz\u0131da payla\u015faca\u011f\u0131m.<\/p>\n\n\n\n Sa\u011fl\u0131kl\u0131 bir finansal piyasada elde edilecek getiriler veya sisteme sa\u011flanan g\u00fcvenle birlikte faiz odakl\u0131 beklentilerden uzakla\u015farak daha uzun vadeye yay\u0131lan sermaye piyasas\u0131 potansiyeli, sistemin t\u00fcm\u00fcn\u00fc rehabilite edebilecek; sistemdeki t\u00fcm oyuncular\u0131 \u2018daha iyiye\u2019<\/strong> itecek i\u00e7sel bir dinami\u011fe sahip.<\/p>\n\n\n\n \u0130lk ad\u0131m, insanlar\u0131m\u0131z\u0131 \u2018finansal okuryazarl\u0131k\u2019<\/strong> konusunda \u2018yeterli\u2019 <\/strong>bir seviyeye ula\u015ft\u0131rmak olmal\u0131.<\/p>\n\n\n\n Sa\u011fl\u0131kla kal\u0131n.<\/p>\n","protected":false},"excerpt":{"rendered":" Bizim gibi enflasyon sorunu ya\u015fayan \u00fclkelerde, birikimlerin de\u011ferlendirilmesi s\u00f6z konusu ise, faizli enstr\u00fcmanlar\u0131n \u00f6n planda olmas\u0131 \u00e7ok normal. \u00dclkemizin enflasyonla m\u00fccadelesi devam ededursun; ge\u00e7mi\u015ften gelen kemikle\u015fmi\u015f faiz geliri al\u0131\u015fkanl\u0131\u011f\u0131, yat\u0131r\u0131m…<\/p>\n","protected":false},"author":1,"featured_media":46,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/fonanalizi.com\/index.php?rest_route=\/wp\/v2\/posts\/2163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fonanalizi.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fonanalizi.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fonanalizi.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fonanalizi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2163"}],"version-history":[{"count":3,"href":"https:\/\/fonanalizi.com\/index.php?rest_route=\/wp\/v2\/posts\/2163\/revisions"}],"predecessor-version":[{"id":4181,"href":"https:\/\/fonanalizi.com\/index.php?rest_route=\/wp\/v2\/posts\/2163\/revisions\/4181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fonanalizi.com\/index.php?rest_route=\/wp\/v2\/media\/46"}],"wp:attachment":[{"href":"https:\/\/fonanalizi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fonanalizi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fonanalizi.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/tasarrufdelileri.wordpress.com\/wp-content\/uploads\/2022\/02\/image-1.png?w=945\")
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