Oh my gourd, I am financially ruined (agricultural futures)
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
This guy's deck is CRAZY
twitchquotes:This guy's deck is CRAZY!” ☑ “My deck can't win against a deck like that” ☑ "He NEEDED precisely those two cards to win" ☑ “He topdecked the only card that could beat me” ☑ "He had the perfect cards" ☑ “There was nothing I could do” ☑ “I played that perfectly”
This guy's deck is CRAZY!” ☑ “My deck can't win against a deck like that” ☑ "He NEEDED precisely those two cards to win" ☑ “He topdecked the only card that could beat me” ☑ "He had the perfect cards" ☑ “There was nothing I could do” ☑ “I played that perfectly”
You've gotten too popular too fast
twitchquotes: =/̵͇̿̿/'̿'̿̿̿ ̿ ̿ You've gotten too popular too fast. There's only room for one emoticon in this chat
twitchquotes:Hey Imaqtpie! Thanks for the quality stream. I'm watching with my son and you have become his mentor. He is going into baseball so he's learning how to throw like a pro from you! Thanks again!
Hey Imaqtpie! Thanks for the quality stream. I'm watching with my son and you have become his mentor. He is going into baseball so he's learning how to throw like a pro from you! Thanks again!