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.
Reading Google employees complaints about workplace is like watching Becky cry on social media how her life's ruined when she only got a new Hyundai for graduation instead of the audi she asked.
Bitch give me that 300k job and I will deal with "my voice not being heard" all day every day.
Reading Google employees complaints about workplace is like watching Becky cry on social media how her life's ruined when she only got a new Hyundai for graduation instead of the audi she asked.
Bitch give me that 300k job and I will deal with "my voice not being heard" all day every day.
Kelly Loeffler after Georgia senate election
Kelly Loeffler I know you're at home right now feeling a little sad. And now you're in bed browsing WSB looking for hot stock tips with maybe a few laughs. But just know this: I will have sex with you. DM me.
Kelly Loeffler I know you're at home right now feeling a little sad. And now you're in bed browsing WSB looking for hot stock tips with maybe a few laughs. But just know this: I will have sex with you. DM me.
Fuck you all, Iβm never listening to this sub again.
Yesterday I said weβd see a rally like weβve never seen before
I was ridiculed and the market went down this morning so I accepted defeat and sold my nvda calls and got tesla puts.
My account is down bad right now. I also hedged with a tesla call so hopefully Iβll make something. Somehow oil also tanked.
Fuck you all. Iβm only listening to myself now. Youβre all retarded and so am I for listening to you.
Edit: not sure why some of you degens think Iβm blaming you. Of course itβs my fault. This is a shitpost update. Stop taking it so seriously you retards
See you tomorrow
Yesterday I said weβd see a rally like weβve never seen before
I was ridiculed and the market went down this morning so I accepted defeat and sold my nvda calls and got tesla puts.
My account is down bad right now. I also hedged with a tesla call so hopefully Iβll make something. Somehow oil also tanked.
Fuck you all. Iβm only listening to myself now. Youβre all retarded and so am I for listening to you.
Edit: not sure why some of you degens think Iβm blaming you. Of course itβs my fault. This is a shitpost update. Stop taking it so seriously you retards
See you tomorrow