Remember, if you lose 10% a day over several days youāre 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 youāre 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.
where were u wen Melon Captol die (GameStop short squeeze)
apolgy for bad english
where were u wen Melon Captol die
i was at Gamestock buying Ps5 when phone ring
"Melon is kil"
āyesā
apolgy for bad english
where were u wen Melon Captol die
i was at Gamestock buying Ps5 when phone ring
"Melon is kil"
āyesā
Christmas for a wsb trader
As the tree blinks from white to red to green, you look at the void under the tree that previously held presents. Fewer this year than usual, but some.
How did you get here? Boredom? In March, you felt trapped with your wife and infant. You needed something to pass the time. Something you could throw yourself into fully.
āAre you coming to bed?ā your wife yells down the stairs. It seemed harmless at first, but as the pandemic drew on, so did your investment. Youāll stop soon, though. āSoon!ā you reply, and you hear her feet climb the steps.
The lights start to blink chaotically. You cringe because you could only afford the junk strands at CVS. Suddenly they haltāthe alternation feature brokenāon red. The red fills the room and covers your flesh. You look down at your hands, and they look like theyāre bleeding. Like your calls.
After a timeāhours?āyou realize youāre sitting in complete darkness. Your lights have expired, worthless.
As the tree blinks from white to red to green, you look at the void under the tree that previously held presents. Fewer this year than usual, but some.
How did you get here? Boredom? In March, you felt trapped with your wife and infant. You needed something to pass the time. Something you could throw yourself into fully.
āAre you coming to bed?ā your wife yells down the stairs. It seemed harmless at first, but as the pandemic drew on, so did your investment. Youāll stop soon, though. āSoon!ā you reply, and you hear her feet climb the steps.
The lights start to blink chaotically. You cringe because you could only afford the junk strands at CVS. Suddenly they haltāthe alternation feature brokenāon red. The red fills the room and covers your flesh. You look down at your hands, and they look like theyāre bleeding. Like your calls.
After a timeāhours?āyou realize youāre sitting in complete darkness. Your lights have expired, worthless.
Robinhood halts trading on President's Day
This is bullshit. Iām disgusted and Iām honestly on the verge of having a mental fucking breakdown. Robinhood has once again halted trading. But this time itās halted on all stocks. This fine Monday morning I wake up to find that all orders arenāt going to be filled till tomorrow morning. My dadās wifeās girlfriend is a powerful lawyer in Boca Raton and Iām seriously considering retaining her services and filing a class action lawsuit against these citadel dick munchers. This has happened to me too many times. Iām low key spiraling into madness. Donate to me on onlyfans if you want to contribute towards the legal fees. Sheās giving me a pretty kickass discount, but she estimates itās still going to cost $150k. This happens to be the amount I lost on gme, but this is not relevant to the conversation here. Itās time to rise up and take down robinhood once and for all.
Also, yeah my stepmom has a girlfriend. Itās 2021 you bigots.
This is bullshit. Iām disgusted and Iām honestly on the verge of having a mental fucking breakdown. Robinhood has once again halted trading. But this time itās halted on all stocks. This fine Monday morning I wake up to find that all orders arenāt going to be filled till tomorrow morning. My dadās wifeās girlfriend is a powerful lawyer in Boca Raton and Iām seriously considering retaining her services and filing a class action lawsuit against these citadel dick munchers. This has happened to me too many times. Iām low key spiraling into madness. Donate to me on onlyfans if you want to contribute towards the legal fees. Sheās giving me a pretty kickass discount, but she estimates itās still going to cost $150k. This happens to be the amount I lost on gme, but this is not relevant to the conversation here. Itās time to rise up and take down robinhood once and for all.
Also, yeah my stepmom has a girlfriend. Itās 2021 you bigots.
I used to be a real ad