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.
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I just downvoted your comment.
# FAQ
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The amount of karma (points) on your comment and Reddit account has decreased by one.
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There are several reasons I may deem a comment to be unworthy of positive or neutral karma. These include, but are not limited to:
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## Am I banned from the Reddit?
No - not yet. But you should refrain from making comments like this in the future. Otherwise I will be forced to issue an additional downvote, which may put your commenting and posting privileges in jeopardy.
## I don't believe my comment deserved a downvote. Can you un-downvote it?
Sure, mistakes happen. But only in exceedingly rare circumstances will I undo a downvote. If you would like to issue an appeal, shoot me a private message explaining what I got wrong. I tend to respond to Reddit PMs within several minutes. Do note, however, that over 99.9% of downvote appeals are rejected, and yours is likely no exception.
## How can I prevent this from happening in the future?
Accept the downvote and move on. But learn from this mistake: your behavior will not be tolerated on Reddit.com. I will continue to issue downvotes until you improve your conduct. Remember: Reddit is privilege, not a right.
Hi Kripp, sleazy video game developer here
twitchquotes:Hi Kripp, sleazy video game developer here. I understand you are willing to sell yourself out like a cheap Romanian hooker to any two-bit game development outfit as long as they dangle some shekels in front of your beady little eyes? Great! Because I have this brilliant game in beta testing right now called "Watching Paint Dry" and I am willing to pay you $5.00 USD to play it for 24 hours straight. Let me know what you think, you glorious sellout!
Hi Kripp, sleazy video game developer here. I understand you are willing to sell yourself out like a cheap Romanian hooker to any two-bit game development outfit as long as they dangle some shekels in front of your beady little eyes? Great! Because I have this brilliant game in beta testing right now called "Watching Paint Dry" and I am willing to pay you $5.00 USD to play it for 24 hours straight. Let me know what you think, you glorious sellout!
My dad beats me FeelsBadMan My mom beats me FeelsBadMan My brother beats me FeelsBadMan My sister beats me FeelsBadMan At least I feel safe with Kripp, because he can't beat anyone FeelsGoodMan