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.
Sometimes I sit alone in my bathroom with the light off and pretend to be you
twitchquotes:Kripp if you're here right now reading this I want you to know I dream of you. Sometimes I sit alone in my bathroom with the light off and pretend to be you. I'll say things like "hey guys how's it goin' Kripparrian here", and for a brief moment I feel you inside me...
Kripp if you're here right now reading this I want you to know I dream of you. Sometimes I sit alone in my bathroom with the light off and pretend to be you. I'll say things like "hey guys how's it goin' Kripparrian here", and for a brief moment I feel you inside me...
Are you going to pay for another pizza?
twitchquotes:Hey Kripp! So here I was enjoying my favorite food (pizza) and watching your stream having a good time when it started to taste extra salty. It turns out you were being super salty and now have ruined my pizza. Are you going to pay for another pizza or will I have to call the cops? This is serious.
Hey Kripp! So here I was enjoying my favorite food (pizza) and watching your stream having a good time when it started to taste extra salty. It turns out you were being super salty and now have ruined my pizza. Are you going to pay for another pizza or will I have to call the cops? This is serious.
NA is so ba... I should brush my teeth
twitchquotes: NA is so ba... maybe i should brush my teeth NA is s... maybe i should floss fk give me dentures