Hey all, I joined the site Dec. 27, 2014. Glad to be here.

 

I lurked around for a bit before deciding to introduce myself. I'm a 25 (26 in Jan) Y/O newlywed from a small town in KY. I've never been into Lego actually, my parents never got them for me as toys and i never thought about them. My new wife's best friend's husband (fathers brothers nephews cousins former roommate) is a big child, which is not bad. He has more toys than most grown adults, but the kicker is he gets them to play with. His Legos are all opened, and not assembled, but that's neither here nor there. Point is i started to wonder how much he had spent on them, and that led me to wondering how much they would be worth if he had never opened them. One thing led to another and after researching a bit i found that Lego could very well be a profitable endeavor, which leads me to this site. back story over.

 

Now what i am doing here...I have no interest in collecting Lego but the value of them is something that interests me greatly. i have actually done a bit of resale in the past and it is a hobby i enjoyed. My basic plan for now is to set a budget of about $50.00 a month starting Jan 2015 for investing in these wonderful little blocks. Every quarter i will have an 80.00$+ any left over from the previous months to invest in a bigger (more expensive) set. I feel like doing this should definitely show me some profit in the coming years. 

 

It would help me greatly to get the opinions and insight of a pro, or at least someone more pro than me. As a beginner I am more than grateful to have found such a clean website and community. You all seem to support and look after each other and I look forward to all the advice i can get. That being said I would love to make some new friends interested in this, so feel free to talk to me. Thank you ALL for reading, and i guess to kick things off, what does everyone feel like a good investment set would be in Jan 2015?? 

 

Welcome to the forum Duckyluck! No additional advice from me. Except that in my opinion getting close with your product will help you make better business decisions. So maybe you can borrow some legosets from your wife's friend's husband just to build? I would recommend it. Good luck Duck!

Thank you for the advice! i plan on researching quite a lot before jumping on ANY sets at the moment. i havent even really started looking at the field at this time, but within the next week or so i will start looking at various websites. i read about the SYWR for k*mart. do you know anything about it? i dont have a k*mart in my general area.

We don't have k-marts here. If you want advice about collishop, fun, intertoys, bart smit or carrefour, I'd be happy to help you.

Sorry: couldn't resist:

 

http://lego.wikia.com/wiki/LEGO_Duck

Welcome Ducky!

Welcome to BP Ducky.

Welcome to the forum Duckyluck! No additional advice from me. Except that in my opinion getting close with your product will help you make better business decisions. So maybe you can borrow some legosets from your wife's friend's husband just to build? I would recommend it.Good luck Duck!

Ciglione has a good point, you can only benefit from getting to know your product intimately. I know there are peeps that don't and still do well but they are far and few between I'm sure. The biggest benefit I see from this is being able to make decisions on your own (hopefully finding that sleeper set nobody else figured out) and not relying on others mis/information in the future.

On the whole this a very informative forum and the community is willing to share helpful information as long as an effort is put to researching the forums before asking lazy questions.

For your initial investment set I would recommend reading through some of the specific set topics and you'll read members pros and cons of that particular set. I'm sure you will come to a decision that you'll be confident with on your own.

Good luck!

Sorry: couldn't resist:

 

http://lego.wikia.com/wiki/LEGO_Duck

well now i know this exists its actually pretty awesome. would have been a good profile pic yeah? lol

 

as it seems the general consensus here advise me to build a few sets to get to know my product, and as i am not one to shy away from advice i will be borrowing and building a few sets within the next few days. i will update with what the sets are ASAP. thank you all for caring so much about the product and urging me to take steps in positive directions. i have only been here a short while ( like a week maybe ) but already this community is is growing on me.  you are all amazing! 

Welcome to Brickpicker!

 

I'm a new guy around here as well, but for the most part everyone seems friendly, with a genuine desire to help one another out.

 

Can't give a lot of advice other than what's been given already.  I would have to say though, with the background and budget you've described, in all honesty the F5 key can be a good friend; it has for me.  It's always nice to luck onto a few great buys that are guaranteed to be a good return on your investment right as they're going EOL. Best of luck to you! 

I needed a handyman to help restore my uptown Brownstone. Now I have a garage & two bedrooms full of modulars and Chima Worriz Fire Bike poly bags.

Advice? Run. While there is still time.

Precisely 70-640  what are usually your best models to collect? We just like a little of every little thing... Modulars, Town, Technic, Legend Battles, Models, DC along with Brilliant superheroes, etc.

Duck,

 

 

Great questions.

 

The most reasonable formula I can offer you is this:

 

Oldest Lego Set + Most Expensive Lego Set = Most likely to show a ^ return faster. Do not chase bargains... invest in exclusives.

 

This board is your stomping grounds to determine what those sets are. Everything you would ever need to know about Lego investing is here- including people who make a living doing it full-time.

 

What will separate you from the serious investor to the "risk a few bucks" type is the time you commit to studying this forum.

 

I'll give you a few threads to start on:

 

Creator; Pet Shop

 

Creator; Tower Bridge

 

Star Wars; Red 5

 

Lord of the Rings; Tower of Orthanc

 

 

Like any savvy investor, the more you know, the more you'll make. Best of luck... put in the time on the boards, and you will do very well.

$50 can be done but isn't for beginners.

I flipped 12 full sets of Mixels series 4 before they were released. Buy in was just over $30 a set and I pocketed around $25 each set after shipping and fees. If I had to go back to the store and buy 2 sets every time I sold them it could still be done and your $50 would be +$300 in about a week.

The flip window is closed and I am on to next adventure, and bought a PS and Red 5 with my spoils.

The BPer that sold 30 creepers for $7.50 in one bundle had similar success, quickly doubling up but that window has also closed (for now).

My suggestion is find some target or walmart clearance and check sold prices on ebay on your phone while at the store and choose wisely.

Have fun, and your going to need a bigger wallet

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If the creepers were bought at 2.50 or less selling 30 could have netted $150 instantly depending on shipping and fees

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