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[Copypasta]The real power of compounding
Remember, if you lose 10% a day over several days youβre 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 youβre actually losing less money as time passes. This is what people mean when they talk about the power of compounding
I just smashed my TV in front of 30 guests at my house because of the SPY. My wife just took our crying kids and said theyβre all spending the week at a hotel. This sub has ruined my life and my party. I canβt handle this anymore. Goodbye Powell. I am no longer a fan.
I just smashed my TV in front of 30 guests at my house because of the SPY. My wife just took our crying kids and said theyβre all spending the week at a hotel. This sub has ruined my life and my party. I canβt handle this anymore. Goodbye Powell. I am no longer a fan.
Bloomberg terminal vs toilet trading
Imagine spending 20K on a bloomberg terminal and thousands on hardware just to get smoke checked by some retards on the toilet trading on their phone that are not only on the spectrum but might be the actual spectrum.
Imagine spending 20K on a bloomberg terminal and thousands on hardware just to get smoke checked by some retards on the toilet trading on their phone that are not only on the spectrum but might be the actual spectrum.
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.
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. Itβs not a story the Motley Fool would tell you. Itβs a π³οΈβππ» 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 inflationβ¦ 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 beβ¦ transitory. He became so powerfulβ¦ 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. Itβs not a story the Motley Fool would tell you. Itβs a π³οΈβππ» 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 inflationβ¦ 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 beβ¦ transitory. He became so powerfulβ¦ 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.