Hi, I'm new at the Lego investing game, although I have been a reseller for years. My son is a big Lego enthusiast, so this is something we can do together. So far I am averaging about $1000 per month on lego purchases. I spent a lot last month because I was able to get some really great deals locally on some big sets, but now this is really draining my bank account. I am actually buying more than I am selling on Ebay. I haven't sold any of my newly acquired sets, because I am waiting for them to increase in value. From reading this forum, it sounds like its a minimum of 6 months. So this brings me to the question.. how do you guys afford to spend so much on sets that you will have sitting for months/years? It's hard to pass up deals of 30-50% off so when the opportunity arises I buy, but wow is it expensive!

I've actually spent

I started investing a few months ago with a budget of $1000 per month in mind...

That was when ALL the sales and 3x VIP Points were happening so that budget went out the door... 

I have invaded my boys' closets along with the wife's walk-in.

I'm slowing down now... 

About $1,000 this month. But, will probably slow down. There is disposable income to spend, but being somewhat new to this, I need to do a lot more research before I really go all in.

I try to limit it to around

I have a guy that I get most of my deals from. And so far this month I have given him $1400. I usually get between 40-45% off of the sets that he tells me about. This year my plan was to have $10K in value, but I started the year with $5.5K in value and now I am at 7K in a few weeks. So I am re-evaluating the investments and selling off a bunch and concentrating on Technic since that I what I like. I am on my way to having 20 42009, 20 42000, and 20 42008 for the start of the rebuilding investment. My goal is to have 20 of each on the shelf and 2 of each for the boys to play with. Oh, and 20 of each Modular and 20 of any cool exclusive set that I like.

To answer the question from OP. I budget $500 a month. But a good deal is a good deal.

i try to limit myself to one or two sets a month ($200), generally buy a bigger exclusive set to keep sealed and something smaller to build.

i try to limit myself to one or two sets a month ($200), generally buy a bigger exclusive set to keep sealed and something smaller to build.

 

That's a great approach.  I wish I had that sort of discipline.  It's very difficult with Black Friday, then Cyber Monday, 3x VIP Points, Amazon deals in December, January/February clearance, and then TRU decides to finally get into the game with MSRP + % off.

 

I am slowing down now.  I'm more of a collector and long-term investor.  I like to have one set to build, one set to keep sealed for long-term investing, and another set to give the kids down the road.

 

My plan is to load up during these peak months (November - February).  Then slow down during the next 4-5 months (March - July), maybe pickup some clearance in late summer, and then take advantage of the Holiday deals.

 

So no fixed amount of spending per month...I am hoping to save a certain amount to take advantage of deals later in the year.  We'll see if that works out.

I did say "try", rarely does it work out the way i plan due to all the deals you mentioned and i tend to get caught up in the gossip hype on this site and impulse buy.

I have been collecting Lego sets for a few years, but have been buying sets exclusively for investment since November. I had $2,000 in savings that my wife and I agreed we would use for investment. Well, I blew through that before the end of December. I am a little over $3,000 now. After all these clearance sales slow down, I will probably be spending very little until the next round. Just so hard to pass up great sets that are 50%+ off.

I've re-sold legos a little here and there since about 2003/2004, but not until recently have I gone hardcore. I've spent about 12k since November.

Whatever money not spent on women or booze

When Oscar Wilde was asked how he spent his fortune he said, "I spent half of it on Liquor, prostitutes, and gambling. The other half I wasted."

When Oscar Wilde was asked how he spent his fortune he said, "I spent half of it on Liquor, prostitutes, and gambling. The other half I wasted."

Wasn't that George Best?

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Wasn't that George Best?

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Turns out the original quote was from W.C. Fields.

Best said it as: I spent a lot of money on booze, birds and fast cars. The rest I just squandered.

According to wikiquote anyway...

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Everyone have to save money........ There will be a double VIP point event at the April 1st until April 15th and the April promotion poly- bag will be a free Stephanie's Bakery Stand with any LEGO friends purchase

??? ? iPad ??