So I just realized that my son's savings account with @$375 was earning a measly $0.03 per year and I just knew I could find something better to invest his little bit of money in. I thought i would look for a stock that he would enjoy owning and immediately thought of LEGO since he and I are both big fans.

Well as most of you already know, LEGO is privately held and you can't buy their stock, but in my search I came across the brickpicker info and now I believe I have a fun way for my son to learn about investing, buying low and selling high, factoring in overhead fees and all those things that he would do in the stock market one day.

Any easy tips you all feel like sharing for his little bit of money will be appreciated. I know it's not much, but if we can turn that $375 into $400 after all expenses are paid, that would be considered an initial success story even if it didn't happen until Christmas. That $25 is a huge increase vs the $0.03 he would get in his savings account, and I think I'm not being nieve in believing that will be attainable.

JP

The thing is I am hoping the SSD sees at least a 1,000 SM price, if that happens I will have no quams paying 40 or so to ship it.

I've played around with buying small, medium, and large sets and I think the ones that I'm now the most comfortable with are what I call the mid-range ones. These are the ones that will typically MSRP at around 39.99USD - 149.99USD, have about 300-1200 pieces and can be bought on sale between $30 - $100 dollars. If you pick them right a lot of them will see a 100% ROI, and are significantly easier to ship than a DS. You might not make as much $ profit per transaction but it's a good balance between hedging on several big sets and hedging on too many little sets. You'll also diversify but not to the point where a transaction returns no more than a couple of bucks.

I am blown away by everyone's help on getting started. I believe this quote here is probably most in tune with my thinking right now. Time and money will tell if I am right.

Too many little sets? TOO MANY LITTLE SETS?

 

Preposterous! The polybag will inherit the earth, and on occasion, your local stocking or party favor assortment....

I can't really agree with anyone saying too many little sets.. I make thousands each year on polybags alone... 

 

Selling 300 Mirkwood Guards, 300 Zombie Cars and tons and tons of Harry Potter and Friends Polybags makes some bank...

Too many little sets? TOO MANY LITTLE SETS?

 

Preposterous! The polybag will inherit the earth, and on occasion, your local stocking or party favor assortment....

Now that sounded hilariously biblical!

"The meek shall inherit the Earth with bags of plastic that make crinkly noises when smooshed....and stuff!"

haha. Don't get me wrong I'm sitting on a couple hundred polybags too. Just that it takes a lot of time and effort as I haven't done it en masse. Plus I'm trying to break into other investment avenues, so it's hard to devote too much time getting stuff shipped on ebay.

 

Smalls can make tons of money. Like i posted in a previous post, My brother sells Yu-Gi-Oh cards and his mobile ebay app makes the ka-ching sound non-stop. Paying university + banking money while doing it. Just hard for me to do juggling with full time job + starting to work on different investments to diversify a bit more.

 

speaking of polybags, anybody have a couple of the birthday cake ones (40048)? I traded for one but gave it off to my brother's gf (she's a goodwill picker and always gives me lego to sell so i thought i'd give it as a thank you present but now i want one ). Willing to trade. PM me.

I snagged almost 30 polybags for a dollar, and I'd do it again, and again, and again.

 

I don't care if it's the ugliest heap of lime green bricks this side of the Milky Way, I'd buy it for a dollar.

I snagged almost 30 polybags for a dollar, and I'd do it again, and again, and again.

 

I don't care if it's the ugliest heap of lime green bricks this side of the Milky Way, I'd buy it for a dollar.

http://www.youtube.com/watch?v=z-q29hbEP04

I wasn't aware my starring role in that movie wad readily available.

 

 

Damn internet!1

Well after looking around at many sets and finding things we liked that looked like possible good investments, we pulled the trigger last night.

 

From Lego LEGO Shop at Home - Free Shipping

 

6857 Dynamic Duo Funhouse Escape (x2) $39.99ea +tax, Total $42.35ea

5001623 DC Universe Superheroes Jor-El  Free

 

From Amazon - Free Shipping

 

10220 VW Camper $116.99

79111 Lone Ranger Constitution Train (x2) $90.93ea

 

Also used $10 in VIP money my son had, so total investment is $373.55

 

Thoughts anyone (good or bad)?

 

JP

Looks good. VW Camper should definitely appreciate.

Are planning to open these?

Good choices JP.  Will be hard for your family not to open those. 

You'll have to sit on the Lone Ranger trains for awhile, but they should be winners eventually.

Not planning on opening any, but we will see how his willpower holds up.

 

My hopes on the Lone Ranger trains is that they will see some increase in demand once the movie has been out a while. 

 

If not, then they become a long term investment.

 

JP

I'd be very surprised if the train doesn't do well.

 

I mean it comes with it's own track! That's not very common for a set in a franchise outside of City.