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.
Jack Ma goes missing
Jack Ma is making poop emoji pillows in a factory now 11 hours a day and you guys are making jokes about him 😔
Jack Ma is making poop emoji pillows in a factory now 11 hours a day and you guys are making jokes about him 😔
Jim Cramer responds to GameStop apes on Twitter
But you know what? I miss the good people whom i used to interact before these pathetic parodies of human minds ascended from the gates of hell. Well, now that i know they are going broke and just care about Gamestop and pump and dump schemes I will end their tyranny. NOW
But you know what? I miss the good people whom i used to interact before these pathetic parodies of human minds ascended from the gates of hell. Well, now that i know they are going broke and just care about Gamestop and pump and dump schemes I will end their tyranny. NOW
Not financial advise
I'm starting to think the people telling me to buy BB at $20 were being serious about not being financial advisors
I'm starting to think the people telling me to buy BB at $20 were being serious about not being financial advisors
GME revamp
GME should keep their retail stores but make it more of an experience like Hooters. Workers should be hot big tiddy goth girls or whatever other fetish gamers have. Bonuses if they have active social media (Instagram, Tik Tok, Only Fans, etc.) and extra bonus if they also stream on Twitch. 100% guaranteed increase traffic and sales in stores (simp farms). Literally cannot go tits up.
GME should keep their retail stores but make it more of an experience like Hooters. Workers should be hot big tiddy goth girls or whatever other fetish gamers have. Bonuses if they have active social media (Instagram, Tik Tok, Only Fans, etc.) and extra bonus if they also stream on Twitch. 100% guaranteed increase traffic and sales in stores (simp farms). Literally cannot go tits up.