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[Copypasta]The real power of compounding
Remember, if you lose 10% a day over several days you’re actually losing less money as time passes. This is what people mean when they talk about the power of compounding
Remember, if you lose 10% a day over several days you’re actually losing less money as time passes. This is what people mean when they talk about the power of compounding
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.
a tesla drives down the street in 2021
the year is 2021
A tesla drives down the street
unknowing of the danger behind it
a beast of American metal and lightning
The driver realizes he is in danger in his commie-fornia shoebox
He presses the pussy pedal as hard as he can
It cannot save him, he can hear the music already
"THIS IS GAWWWWWD'S COUNTRRRRRYYYYYYY"
He realizes he is already dead
In an instant he becomes like a fly in the grill of a truck
In the grill of the Ford F-150 EV
It stops for no one
the year is 2021
A tesla drives down the street
unknowing of the danger behind it
a beast of American metal and lightning
The driver realizes he is in danger in his commie-fornia shoebox
He presses the pussy pedal as hard as he can
It cannot save him, he can hear the music already
"THIS IS GAWWWWWD'S COUNTRRRRRYYYYYYY"
He realizes he is already dead
In an instant he becomes like a fly in the grill of a truck
In the grill of the Ford F-150 EV
It stops for no one
Buying calls on Gamestop
I can't believe that after fifteen years of trading, my best trade of all time is going to be buying calls on fucking Gamestop.
I don’t care if there’s a microchip in the vaccine. I’d let them put a whole MacBook Pro inside of me if it meant I could get drunk at Applebees again
Did you ever hear the tragedy of Darth JPOW The Wise?
Did you ever hear the tragedy of Darth JPOW The Wise? I thought not. It’s not a story the Motley Fool would tell you. It’s a 🏳️🌈🐻 legend. Darth JPOW was a Dark Lord of the FED, so gay and such a bear he could use his money printer to influence the economy to create inflation… He had such a knowledge of the economy that he could even keep stonk prices from falling. The dark side of the economy is a pathway to many abilities some consider to be… transitory. He became so powerful… the only thing he was afraid of was losing his tendies, which eventually, of course, he did. Unfortunately, he taught Nancy Pelosi everything he knew, then she sold at the top. Ironic. He could save others from market corrections, but not himself.
Did you ever hear the tragedy of Darth JPOW The Wise? I thought not. It’s not a story the Motley Fool would tell you. It’s a 🏳️🌈🐻 legend. Darth JPOW was a Dark Lord of the FED, so gay and such a bear he could use his money printer to influence the economy to create inflation… He had such a knowledge of the economy that he could even keep stonk prices from falling. The dark side of the economy is a pathway to many abilities some consider to be… transitory. He became so powerful… the only thing he was afraid of was losing his tendies, which eventually, of course, he did. Unfortunately, he taught Nancy Pelosi everything he knew, then she sold at the top. Ironic. He could save others from market corrections, but not himself.