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.
I saw JPOW at the grocery store
I saw JPOW at the grocery store. I was buying a dozen eggs last night and the store was kind of slow since it was after dark. Some old boomer was in front of me and chatting away with the woman at the cash register. Everyone had masks on, but as soon as he spoke I recognized the voice. He was telling the lady how inflation is a good thing. She said how come inflation keeps going up but minimum wage never rises? He ignored her and pulls out a large sheet of $1 bills. He asks if she had scissors but she said no.
He looked back at me and saw the eggs and said "You workout huh? Its good to stay healthy. I used to workout by lifting bales of hay after school in 1952. Eggs are a good source of energy, mind if I take one? " I shrugged and told him.go ahead. He opened my pack of eggs, takes one out, lowers his mask, just throws the whole thing in his mouth shell and all, puts his mask back up, and begins chewing loudly. As he's chewing he's crookedly folding and ripping a sheet of dollar bills handing them to the lady individually. While he's chewing he tells me it's a great time to buy bonds. I tell him I'm good.
The store was short on change so he just pays the full dollar amount. He hands me a crooked bill that is almost ripped in half and says "thanks pal, in the future that single egg will be worth a dollar so we will call it even"
Im heading to my car after and I see him and another boomer arguing. There was JPOW and he's arguing with a man built like a gnome wearing a poorly fit collared shirt. The little man spoke and I instantly knew it was Cramer. Cramer wanted JPOW to hurry up and stop hogging the best parking spot. JPOW tells Cramer that hes got his mask on inside out and upside down. They both start talking about inflation and then look deep into each other's eyes and start making out with their masks on.
It was a pretty weird.
I saw JPOW at the grocery store. I was buying a dozen eggs last night and the store was kind of slow since it was after dark. Some old boomer was in front of me and chatting away with the woman at the cash register. Everyone had masks on, but as soon as he spoke I recognized the voice. He was telling the lady how inflation is a good thing. She said how come inflation keeps going up but minimum wage never rises? He ignored her and pulls out a large sheet of $1 bills. He asks if she had scissors but she said no.
He looked back at me and saw the eggs and said "You workout huh? Its good to stay healthy. I used to workout by lifting bales of hay after school in 1952. Eggs are a good source of energy, mind if I take one? " I shrugged and told him.go ahead. He opened my pack of eggs, takes one out, lowers his mask, just throws the whole thing in his mouth shell and all, puts his mask back up, and begins chewing loudly. As he's chewing he's crookedly folding and ripping a sheet of dollar bills handing them to the lady individually. While he's chewing he tells me it's a great time to buy bonds. I tell him I'm good.
The store was short on change so he just pays the full dollar amount. He hands me a crooked bill that is almost ripped in half and says "thanks pal, in the future that single egg will be worth a dollar so we will call it even"
Im heading to my car after and I see him and another boomer arguing. There was JPOW and he's arguing with a man built like a gnome wearing a poorly fit collared shirt. The little man spoke and I instantly knew it was Cramer. Cramer wanted JPOW to hurry up and stop hogging the best parking spot. JPOW tells Cramer that hes got his mask on inside out and upside down. They both start talking about inflation and then look deep into each other's eyes and start making out with their masks on.
It was a pretty weird.
My idiot boyfriend spent my college fund on dog coins how do I get it back???
He talked me into spending the $8500 I have on dog coins because something was supposed to happen yesterday which would have given us more money?? but it didn't actually happen or got canceled or something I don't really know or understand how it works but I went to the dog coin site to withdraw my money and there is only about $6700 of it there, where is the rest of it? I tried looking at the faq but don't really get it
He talked me into spending the $8500 I have on dog coins because something was supposed to happen yesterday which would have given us more money?? but it didn't actually happen or got canceled or something I don't really know or understand how it works but I went to the dog coin site to withdraw my money and there is only about $6700 of it there, where is the rest of it? I tried looking at the faq but don't really get it
Robinhood halts trading on President's Day
This is bullshit. I’m disgusted and I’m honestly on the verge of having a mental fucking breakdown. Robinhood has once again halted trading. But this time it’s halted on all stocks. This fine Monday morning I wake up to find that all orders aren’t going to be filled till tomorrow morning. My dad’s wife’s girlfriend is a powerful lawyer in Boca Raton and I’m seriously considering retaining her services and filing a class action lawsuit against these citadel dick munchers. This has happened to me too many times. I’m low key spiraling into madness. Donate to me on onlyfans if you want to contribute towards the legal fees. She’s giving me a pretty kickass discount, but she estimates it’s still going to cost $150k. This happens to be the amount I lost on gme, but this is not relevant to the conversation here. It’s time to rise up and take down robinhood once and for all.
Also, yeah my stepmom has a girlfriend. It’s 2021 you bigots.
This is bullshit. I’m disgusted and I’m honestly on the verge of having a mental fucking breakdown. Robinhood has once again halted trading. But this time it’s halted on all stocks. This fine Monday morning I wake up to find that all orders aren’t going to be filled till tomorrow morning. My dad’s wife’s girlfriend is a powerful lawyer in Boca Raton and I’m seriously considering retaining her services and filing a class action lawsuit against these citadel dick munchers. This has happened to me too many times. I’m low key spiraling into madness. Donate to me on onlyfans if you want to contribute towards the legal fees. She’s giving me a pretty kickass discount, but she estimates it’s still going to cost $150k. This happens to be the amount I lost on gme, but this is not relevant to the conversation here. It’s time to rise up and take down robinhood once and for all.
Also, yeah my stepmom has a girlfriend. It’s 2021 you bigots.
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