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.
MSFT Infinite Money Glitch πππ
Disclaimer: I am not a financial or investment advisor.
Before this subreddit was ruined by ten million people, solid DD used to get done. Do you ever find yourself reminiscing about the good βol WSB days?
Well, your prayers have been answered. Degenerates gather around, as I am bringing you a once-in-a-lifetime opportunity to make some serious $MSFT tendies π
Today, Bill Gates announced that after twenty-seven years of marriage, he will be divorcing. Do you know what this means? Bill is single and ready to mingle.
Step 1: Use Wifeβs Tinder Account
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Step 4: Wife marries Bill and becomes $MSFT royalty
Step 5: Continue to date wife
Step 6: Cash out πππ
For those too retarded to read:
https://preview.redd.it/tts3psz5q0x61.jpg?width=1125&format=pjpg&auto=webp&s=5f68092ae47d414627c6dee8a0c4afd6808bcc57
Congratulations. You are now your own wifeβs boyfriend.
Disclaimer: I am not a financial or investment advisor.
Before this subreddit was ruined by ten million people, solid DD used to get done. Do you ever find yourself reminiscing about the good βol WSB days?
Well, your prayers have been answered. Degenerates gather around, as I am bringing you a once-in-a-lifetime opportunity to make some serious $MSFT tendies π
Today, Bill Gates announced that after twenty-seven years of marriage, he will be divorcing. Do you know what this means? Bill is single and ready to mingle.
Step 1: Use Wifeβs Tinder Account
Step 2: Match with Bill Gates
Step 3: Wife goes on date with Bill, they fall in love, he proposes, no pre-nup
Step 4: Wife marries Bill and becomes $MSFT royalty
Step 5: Continue to date wife
Step 6: Cash out πππ
For those too retarded to read:
https://preview.redd.it/tts3psz5q0x61.jpg?width=1125&format=pjpg&auto=webp&s=5f68092ae47d414627c6dee8a0c4afd6808bcc57
Congratulations. You are now your own wifeβs boyfriend.
I used to be a real ad