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.
I just smashed my TV because of the SPY
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 they’re all spending the week at a hotel. This sub has ruined my life and my party. I can’t 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 they’re all spending the week at a hotel. This sub has ruined my life and my party. I can’t handle this anymore. Goodbye Powell. I am no longer a fan.
WSB Buy $COCK
Buy $COCK. I heard WSB is buying $COCK and $COCK IS THE NEXT BIG THING.
$COCK IS RISING TODAY.
Do your own DD on $COCK and let me know how much you like $COCK.
💎✊ your 🚀🚀🚀 $COCK to the 🌑
Buy $COCK. I heard WSB is buying $COCK and $COCK IS THE NEXT BIG THING.
$COCK IS RISING TODAY.
Do your own DD on $COCK and let me know how much you like $COCK.
💎✊ your 🚀🚀🚀 $COCK to the 🌑
I’m a simple guy
I’m a simple guy. I don’t know about all these fancy “financial instruments” or “market dynamics” or “where the clit is.”
I like the stock, I buy the stock.
I’m a simple guy. I don’t know about all these fancy “financial instruments” or “market dynamics” or “where the clit is.”
I like the stock, I buy the stock.