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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.
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WallStreetBets
You have been permanently banned from this channel
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You have been permanently banned from this channel ————————————————————————
You have been permanently banned from this channel ————————————————————————
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MODS
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Please stop spamming, for Bernard
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Guys please stop spamming. My dog, Bernard, looked at my chat and got so dizzy because of the spam that he fell down and hit his noggin right on his food bowl! He couldn't talk for hours. Please stop spamming, for Bernard.
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Kripp play game for REAL man like Counterstrike Go!
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Privyet, Komrade Kripp! Is your cousin Dmitri from Mother Russia! I am of hearing that you make much moneys by playing simplistic card game for toddlers and whining like little baby in front of thousands of simpletons! BLYAT! You should play game for REAL man like Counterstrike Go! Already I am recruit by man with enormous forehead for professional team Tampon Storm and will be winning many tournaments, yes! Don't be a cyka, you capitalist pig, and stop crying like baby! Love, Dmitri.
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Kripp