Our government is so kind and caring for us. Waits till the very last minute to finally pass something and gives us $600 which should last us for at least 5 months. God bless this country
Our government is so kind and caring for us. Waits till the very last minute to finally pass something and gives us $600 which should last us for at least 5 months. God bless this country
I am financially ruined
I came here for the first time and in 3 minutes made the decision to put way more than I can afford into PLTR calls. I’m too retarded and now I literally dont know what to do I am financially ruined and I can’t even remember what I read that said this pltr thing was a good move. Fml
I came here for the first time and in 3 minutes made the decision to put way more than I can afford into PLTR calls. I’m too retarded and now I literally dont know what to do I am financially ruined and I can’t even remember what I read that said this pltr thing was a good move. Fml
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.
The real power of compounding
Remember, if you lose 10% a day over several days you’re actually losing less money as time passes. This is what people mean when they talk about the power of compounding
Remember, if you lose 10% a day over several days you’re actually losing less money as time passes. This is what people mean when they talk about the power of compounding
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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