Jack Ma goes missing after criticizing the CCP. BABA stock tanks. https://www.reddit.com/r/wallstreetbets/comments/kpsy0b/comment/gi1rh98
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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.
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.
Drunk at Applebees
I don’t care if there’s a microchip in the vaccine. I’d let them put a whole MacBook Pro inside of me if it meant I could get drunk at Applebees again
To be fair "but I poop from there" wasn't an explicit "no". We can't blame market for doing what it did.
Jeff Bezos vs Elon Musk
Jeff Bezos
-Bald
-Exwife took half his networth
-Second richest person
Elon Musk
-Grew back full head of hair
-Has girlfriend, allegedly had a threesome with Amber Heard and Cara Delevingne
-Richest person
TSLA > AMZN
Jeff Bezos
-Bald
-Exwife took half his networth
-Second richest person
Elon Musk
-Grew back full head of hair
-Has girlfriend, allegedly had a threesome with Amber Heard and Cara Delevingne
-Richest person
TSLA > AMZN
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