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.
Thats why this place is so special.
Listen 5 years ago I wanted to get into investing. I came to this sub to get some advice. One guy helped me with a stock I could invest in.
It was dipping for a few days and I kept asking what I should do and he said hold. Kept quoting Warren buffet
On the third day I panicked and told him I had to sell. He sent me a video and told me to watch it before I sold.
It was a guy getting railed by jpow.
I lost 400 dollars that day but it taught me some lessons.
Now look at me. Been investing for over 3 years now. I was even on this gme thing. Yeah I could of made 8x the profits instead of 4 but I consider that my own fault.
But through this great sub and everything I have learned, I reinvested my profits and as of today
I am down 5 grand. Thats why this place is so special.
Listen 5 years ago I wanted to get into investing. I came to this sub to get some advice. One guy helped me with a stock I could invest in.
It was dipping for a few days and I kept asking what I should do and he said hold. Kept quoting Warren buffet
On the third day I panicked and told him I had to sell. He sent me a video and told me to watch it before I sold.
It was a guy getting railed by jpow.
I lost 400 dollars that day but it taught me some lessons.
Now look at me. Been investing for over 3 years now. I was even on this gme thing. Yeah I could of made 8x the profits instead of 4 but I consider that my own fault.
But through this great sub and everything I have learned, I reinvested my profits and as of today
I am down 5 grand. Thats why this place is so special.
I am financially ruined
I came here for the first time and in 3 minutes made the decision to put way more than I can afford into PLTR calls. I’m too retarded and now I literally dont know what to do I am financially ruined and I can’t even remember what I read that said this pltr thing was a good move. Fml
I came here for the first time and in 3 minutes made the decision to put way more than I can afford into PLTR calls. I’m too retarded and now I literally dont know what to do I am financially ruined and I can’t even remember what I read that said this pltr thing was a good move. Fml
The Battle of Gamestop rages on.
The Battle of Gamestop rages on.
Pre-market we could hear the bears in no-man’s land, baiting us towards higher prices so the shorts could do their dirty work. I was stationed at the 13.80 line, and knew the morning was going to be hot. I shoveled a breakfast of tendies and said a quick prayer to Father Cohen.
When the bell rang, the bears surged into our trenches. Blood and rainbow fur filled the air and littered the ground. The Diamond Division has seen worse days, and we held firm. As the bears retreated we gave chase to retake ground we’d lost in the past week.
As I caught my breath near the 14.50, I could see bodies everywhere; paper hands who had fallen in earlier battles. One of them groaned and reached a hand towards me. I spat on him and kept moving. No honor in retreat, and no sympathy for self-inflicted wounds.
This war won’t be won in a day, but it will be won. Tell my wife’s boyfriend to tell her I love her.
The Battle of Gamestop rages on.
Pre-market we could hear the bears in no-man’s land, baiting us towards higher prices so the shorts could do their dirty work. I was stationed at the 13.80 line, and knew the morning was going to be hot. I shoveled a breakfast of tendies and said a quick prayer to Father Cohen.
When the bell rang, the bears surged into our trenches. Blood and rainbow fur filled the air and littered the ground. The Diamond Division has seen worse days, and we held firm. As the bears retreated we gave chase to retake ground we’d lost in the past week.
As I caught my breath near the 14.50, I could see bodies everywhere; paper hands who had fallen in earlier battles. One of them groaned and reached a hand towards me. I spat on him and kept moving. No honor in retreat, and no sympathy for self-inflicted wounds.
This war won’t be won in a day, but it will be won. Tell my wife’s boyfriend to tell her I love her.
Apple announces an EV program
Oh boy I can't wait until 2024 when I can wake up to my Apple Homepod Siri alarm and check my Apple Watch for notifications and take a shower in my Apple Big Douche then put my makeup on before work in my Apple Mirror then take my Apple Car to my job at Apple Phone Plant #584 so I can work on my Mac Pro workstation designing the latest Apple Product the iShit smart toilet that syncs with your iAsshole to sense when you have a massive log brewing in my large intestine and sends me a notification to my apple colonoscopy bag. Russian hackers will know what I had for dinner.
Oh boy I can't wait until 2024 when I can wake up to my Apple Homepod Siri alarm and check my Apple Watch for notifications and take a shower in my Apple Big Douche then put my makeup on before work in my Apple Mirror then take my Apple Car to my job at Apple Phone Plant #584 so I can work on my Mac Pro workstation designing the latest Apple Product the iShit smart toilet that syncs with your iAsshole to sense when you have a massive log brewing in my large intestine and sends me a notification to my apple colonoscopy bag. Russian hackers will know what I had for dinner.
I used to be a real ad