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2018 - New Year's Resolutions (LEGO Editions)


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A new year approaches and heralds another year of profits to be had OR unfettered black holes! HOORAY!

My own LEGO resolutions this year:

  • Unload at least half of my existing inventory.
  • Buy at 50% off or more unless they're D2C or Architecture.
  • Buy only for personal builds. 
  • Limit my spending on LEGO sets to less than $2K this year.

This...this will be difficult!  Oh well! Full steam ahead, chaps!

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A new year approaches and heralds another year of profits to be had OR unfettered black holes! HOORAY!
My own LEGO resolutions this year:
  • Unload at least half of my existing inventory.
  • Buy at 50% off or more unless they're D2C or Architecture.
  • Buy only for personal builds. 
  • Limit my spending on LEGO sets to less than $2K this year.
This...this will be difficult!  Oh well! Full steam ahead, chaps!

Couldn’t have said it better myself. This should be enshrined into stone like the 10 commandments
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28 minutes ago, TANV said:

A new year approaches and heralds another year of profits to be had OR unfettered black holes! HOORAY!

My own LEGO resolutions this year:

  • Unload at least half of my existing inventory.
  •  
  • Limit my spending on LEGO sets to less than $2K this year.

This...this will be difficult!  Oh well! Full steam ahead, chaps!

Id like that too very much.. just out of sheer curiosity, what is your current stock purchase value? 

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9 minutes ago, crayxlp said:

Id like that too very much.. just out of sheer curiosity, what is your current stock purchase value? 

I'd have to get back to you on that. Still trying to tabulate it all. You referring to just strictly for re-selling purposes rather any personal builds?

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Stop buying sub £10 RRP sets

Don't hold items expecting continued rises. If it's got to my target price sell,sell,sell.

Don't wait for October sales and post Christmas clearance to pick up my targets at discount. There's no guarantees any more.

Dump any set that's stagnated or not retired as expected.

Must remember to always use cashback sites.

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  • 3 months later...
On 12/27/2017 at 4:39 PM, TANV said:

My own LEGO resolutions this year:

  • Unload at least half of my existing inventory.
  • Buy at 50% off or more unless they're D2C or Architecture.
  • Buy only for personal builds. 
  • Limit my spending on LEGO sets to less than $2K this year.

After the end of the first quarter of the year, I wanted to revisit this and re-adjust my own goals.

1. Unload at least half of my existing inventory. - This is a tough goal to set since there's always a cycle of buying and selling constantly. After a brisk set of sales in Jan-Feb, things slowed down in March so far.  I still have a lot of inventory and I need to cut down but I think I can do it.  Status: PENDING.

2. Buy at 50% off or more unless they're D2C or Architecture. - Yeah, this pretty much is super difficult.  Sometimes, the freebies are too tempting. In terms of purchases strictly for re-sell, this is a mixed bag.  50% off is a pretty high bar and sets that sell at that price pretty much go quickly in stores.  Status: RE-EVALUATE.

3. Buy only for personal builds. - I've been pretty good about this for the most part.  It's hard to pass up the usual Target glitches, Amazon Prime Day errors, Walmart pick-up errors for a quick flip but most sets I've bought are generally for myself or for gifts. Status: PENDING.

4. Limit my spending on LEGO sets to less than $2K this year. - HAHAHAHAHAHHA. Oh God.

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