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.
My wife told me to talk dirty to her
So the wife and I were getting into it and she told me to talk dirty to her. So I called her a filthy slut.
She said βdirtier!β So I smacked her around and told her I was going to use her like the cheap whore she is.
She said βdirtier!β So I said βIβm gonna stick some SQQQ in your portfolio. Iβm gonna put it in long and deep. Iβm gonna fill you up with way OTM SPY puts.β
She then slapped me, packed a bag and took the kids. I think weβre getting a divorce.
So the wife and I were getting into it and she told me to talk dirty to her. So I called her a filthy slut.
She said βdirtier!β So I smacked her around and told her I was going to use her like the cheap whore she is.
She said βdirtier!β So I said βIβm gonna stick some SQQQ in your portfolio. Iβm gonna put it in long and deep. Iβm gonna fill you up with way OTM SPY puts.β
She then slapped me, packed a bag and took the kids. I think weβre getting a divorce.
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
Damn missed the TSLA pump
Damn missed the TSLA pump... just like last week... and last month.... and last year
What happened to this ad? :(