So I've heard all the arguments from both sides. The side that says LEGO has stood the test of time as an investment, it is a different commodity, an active collectible that has always been able to reinvent itself due to concept of the toy.
Then there's the other side that says look at some of the past collectibles that have eventually flopped, the overall history of collectible return on investments and for the matter history itself, all good things must come to an end, right?
While LEGO is a good/great investment now, sites like this and many others are clearly showing that many people worldwide are doing the same thing, buying LEGO and stashing it for a future profit. Eventually, these stashes will have to be turned back to cash, but that could mean an overflow of product that dilutes the demand and turns the once hopeful returns into a pile of beanie babies. Supply and demand can be manipulated, but it will eventually show the truth and sometimes the truth ain't what we thought it was.
You still can succeed in this LEGO investment craze by following some simple rules.
Do what others aren't - blaze a trail and reap the rewards when you end up with one of the few LEGO Honus Wagner's.
Keep some, but flip as many as you can as quickly as you can - Stashing all that LEGO could end up costing you a ton, so why not deflect some of that cost by making some money now. LEGO is so unique that you don't have to wait very long for a sizable payday, you just have to be willing to do a little work.
Buy low, sell high - This seems like common sense, but I have been lured into paying full price for a cool new LEGO set countless times, just because how freakin awesome it is. There is no need to ever pay full price especially if you do your homework.
And the most important of all, keep some of your secrets to yourself - If everyone knows what you are doing as far as LEGO investments or any investments for that matter, everyone will do them thus, making those gold investments worth as much as tin.
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So I've heard all the arguments from both sides. The side that says LEGO has stood the test of time as an investment, it is a different commodity, an active collectible that has always been able to reinvent itself due to concept of the toy.
Then there's the other side that says look at some of the past collectibles that have eventually flopped, the overall history of collectible return on investments and for the matter history itself, all good things must come to an end, right?
While LEGO is a good/great investment now, sites like this and many others are clearly showing that many people worldwide are doing the same thing, buying LEGO and stashing it for a future profit. Eventually, these stashes will have to be turned back to cash, but that could mean an overflow of product that dilutes the demand and turns the once hopeful returns into a pile of beanie babies. Supply and demand can be manipulated, but it will eventually show the truth and sometimes the truth ain't what we thought it was.
You still can succeed in this LEGO investment craze by following some simple rules.
Do what others aren't - blaze a trail and reap the rewards when you end up with one of the few LEGO Honus Wagner's.
Keep some, but flip as many as you can as quickly as you can - Stashing all that LEGO could end up costing you a ton, so why not deflect some of that cost by making some money now. LEGO is so unique that you don't have to wait very long for a sizable payday, you just have to be willing to do a little work.
Buy low, sell high - This seems like common sense, but I have been lured into paying full price for a cool new LEGO set countless times, just because how freakin awesome it is. There is no need to ever pay full price especially if you do your homework.
And the most important of all, keep some of your secrets to yourself - If everyone knows what you are doing as far as LEGO investments or any investments for that matter, everyone will do them thus, making those gold investments worth as much as tin.