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Showing content with the highest reputation on 10/31/2020 in all areas
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Hi all, used to be a relatively active member of the forums back on its early years, but at this point it seems like it's been over 3 years since I actually posted anything - how time flies... Anyway, it's great to see how much the site has grown and changed over the years and although I never completely stopped checking it out, I am really looking forward to getting back into spending some more time in here going through all the great new content! To all of the familiar faces, it's great to see you and can't wait to interact with you again. And to all of the new faces, it's nice to meet you!8 points
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Sold 30x 77905 Taskmasters Ambush for $2550 cash ($85 per) to a picker who messaged me after seeing my post in the 77905 thread. These may go higher, they may stagnate, but I'll never turn down double my investment the same day...in cash.7 points
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elmasliefendi is usually spot on. But I've seen time and time again they'll post a piece of info, get slammed for said opinion ("who's your source?", "no that's stupid. you're wrong.", etc.), and then stay quiet... and then when that information becomes true, everyone is dumbfounded and says "huh? what? X/Y/Z site had/did not have it on such and such list! this makes no sense." (I'm over-generalizing here.)4 points
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I love this question, because I struggle with some of the same ideas. I use this as a part time job and hobby, and while I don't need the income, it's really hard to keep defined lines on how much to invest, and how separate to keep my "LEGO" funds from my cash reserves, investments, etc. There's a tough balance in making sure you have cash to act on opportunity, and also always having it work for you. I've found something to be helpful, and I'll use two sets as an example. Lego 76119 Batmobile Pursuit of the Joker - RRP $30 Widely Available $21-24 Lego 10260 Downtown Diner - RRP $170 Widely Available (kinda) $170 I think both of these sets will be great 2 years from now, and have purchased both in quantity. I have an expectation of a 100% return on both at that time(slightly higher on the Batmobile). However, I've been much more careful with the Batmobile, because it isn't a liquid set. If I had to sell because I overstretched myself, didn't want to pass up a unique opportunity, etc., after factoring in shipping costs and/or selling in bulk(I am limited to Ebay/Bricklink/local) I'd take a 25-35% hit on the Batman sets. If I needed to liquidate the Diner, I could do so at approximately a break-even point. If I have $500 sitting around that I'm considering putting into play, but could conceivably need later, I'm much more likely to buy 2 or 3 more Diners than a bunch of the Batmobile, even though I think the total ROI on the Batmobile will be better in the long run. A bit of a ramble, but I enjoy thinking about this stuff. Jesse2 points
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....I think my inner child just exploded. If Ghostbusters: The Video Game is not somehow retconned then technically Afterlife would be part four story-wise. And I am fairly certain all of that 'rust' is stickers. I can only spot a few of the same piece type sharing similar decals. However there is much variation between part type & decal design for the rest of aforementioned rust. With that said hopefully the Ghostbusters logo and license plates are printed. Those appear to be one-piece flat surfaces throughout.1 point
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Virginia! I'd say not. Born and raised in NC and moved to Titusville, FL at 15. We know the same stomping grounds.1 point
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Don't worry about reusing your profits...that's how you really grow your money. Debt is another way, but I wouldn't recommend that until you have a very good handle on things.1 point
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Amazon sent me a box of 14 Winter Fire Stations in a box the size of a small coffin. 5 of them were damaged - 2 are toast and 3 have minor damage . If anyone wants one for cost for a persona build pm me. The rest get returned Monday1 point
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Well the Reitman film is essentially GB3, so that works. Hopefully the rust is stickers so I can ignore them and show it off “in its prime” I wonder if they originally planned for minis but pulled them since the film got delayed? They can always put the minis with any sets they do.1 point
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Yeah won’t impact the little one. This one definitely won’t fit into the Firehouse. Lol.1 point
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I would not leave the funds in paypal, because there is always the risk that someone hacks your account or paypal decides for whatever reason to freeze your account, better use another bank account.1 point
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Yeah nothing really other than what you said, the day to day eventually just sort of took over and found myself just logging in less and less. I actually continued buying LEGO for myself even when I wasn’t active in BP, and every now and then would buy a good deal on Ebay to quick flip as well, just not as much as before.1 point
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The Mirage by Oscar Cederwall (o0ger) I-XTS (Intersystem eXtended Transport Ship) by Veynom UCSNS Hephaestus and UCSS Ajax by Mark B. General George J. Stannard by El Barto Dusk Adder Heavy Armor Battleship by Chris Boen Woah 1000 by Joshua Dinklage1 point
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A key aspect that took me a bit to appreciate is shipping. This is a good read: I began buying my own boxes a few years ago. Like someone else said, if you're shipping air, you're losing money. Even if the buyer is paying for shipping.1 point
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In reality, you buy for $50, sell for $100, most of the time it might net your $20-$25. You need to set aside some money up front, so you can spend a chunk, flip or wait to profit 1k, and then maybe start recycling that 1k into a larger investment. Rinse/Repeat, the more you risk up front, the more you have to spend to reinvest down the road. Factor in labor, like @Darth_Raichusays, $5 is $5 an hour, maybe1 point
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If you buy a set for $100 and sell it for $50, you haven’t made $50 unless you sold in-person on Craigslist. You’re out marketplace fees, taxes, and the most valuable thing, your time. If you’re doing this as an investment you’re much better off opening a Roth IRA and getting into a tech or medical mutual fund and let what you invest passively grow and compound with interest. LEGO reselling is not a passive thing. You have to constantly hustle to find stock at the lowest price, be on multiple marketplaces and provide excellent customer service even when your buyer acts like a jerk. If you are serious about selling you’ll dig in here and read and listen and absorb stuff like a sponge.1 point
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This is a great question. Basically what we are doing here is retail arbitrage... different variations for each person, some like the quick flip, some are buy and hold... I would suggest that since you are just starting, you should focus on the quick flip, while understanding that you will miss on that sometimes, so your second parameter should be sets that you feel will appreciate after they retire... it is all a bit of a guess and a hunch, and as you go you should develop an explicit strategy based on what works for you. Regarding the "am I doing it wrong" question, no, as long as you aren't pulling out "profits", and you are letting all of your capital ride, you are doing it right. It will take a while for the capital to accumulate (and you should be tracking all of your invested capital (meaning money you put in) and your buy in costs, and your sales.). But, this is a bit like an exponential curve, so for a while it will seem like you are doing a ton of work for a small amount of money, but if you truly let it all ride, and you don't get stupid and bet it all on Jyn Erso buildable figures, it will grow much faster than money in the market. But... remember.. Buying is easy...1 point
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I remember driving around southern california, getting notices, quickly pulling over only to find I was foiled again.1 point
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You mean the answer isn't Fire Brigade and Tower Bridge anymore?!?1 point
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Do we need to bring you up to speed with which sets to buy right now? Just in case you lost your password to the secret part of the forum with all the answers that we don't share publicly.1 point
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Well, I did re-introduce myself prior to making that post so it feels like I covered my bases....haha But, in all seriousness, great to "see you" again!1 point
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Once again, information that would have been useful 2 months ago!1 point
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Happy Halloween everyone. We just finished watching hocus pocus. My kid is now spooked out for tomorrow. Going big this year due to being inside and not trick or treating.1 point
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Just a reminder to everyone - and this isn’t directed at any one in particular as we’ve all been guilty lately - this thread is for posting of deals. We’ve been lax with the cross talk lately, but as the holidays approach, and potential deals come around, let’s keep it to a minimum. Instead, I encourage you to check out all the other forums we have. There’s a topic for just about every set out there. And if there’s not, create one! We have topics on speculating what’s going to retire, investment strategies, clearance at individual stores. Please go check them out. Thank you!1 point
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Forerunner Keyship by ky-eeeee Blizzard V by Shannon Sproule Big Tex by [] Block [] Head [] RAIL by BetaNotus Oddessy 200 by Elephant-Knight HMS Warwick by carrier lost1 point
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