I finally signed up which I realized unlocks many more threads and topics. This is my first post.
I grew up loving LEGOS. I'm now in my mid-30's and have a pretty nice career, savings, retirement funds, etc. I'm always looking for small investments and opportunities. Several of my friends not only play with LEGO's with their kids, but go to different events and many of them have been telling me they after a series or set retires, they begin to appreciate; some more than others. Is this accurate?
If so, how do I begin? Is there some a science that shows us what appreciates in this LEGO world or something? Do we just guess? Do we watch and see what sells fast but isn't flooding the stores?
So far I've bought I think 10 sets (just today and yesterday) most of them smaller sets under $30. I've been watching to see what I can find cheaper than other stores by at least 20% and then buy it (most of the deals found on this forum) and then one was for jet.com with $15 off first purchase of an order $35 or more (again, found out here).
When I get involved in different things, I try to learn all that I can. How can I learn more about these sets, what is retired, trends, value, history, etc? As a set appreciates, is there a point where it begins to lose value?
Any and all advice is welcome. Thanks guys!
In Texas, I can get 20% off nearly any set, if I just wait for the right time. 30% off is when I will purchase a set that I want. I will buy most sets at 50%, even if I don't want them. 70% off (or better) is great, and I get a handful of these every year.
I think you are probably missing out on a better price purchasing from the Lego store (unless it is an exclusive).
Unless you are getting those $30 sets for 70% off, I assume the average desirability set won't give you a good return.
There is also a possibility that a set may drop in value when a theme is revived or an updated version is released (Star Wars does this often).
I most often buy only a few extra sets to re-sell if the value rises. My son is notorious for having absolutely no interest in sets or themes until after they are retired. Often the sets that I buy are sets that I think he may want in the future or sets that I would happily open for parts (and/or minifigures). If the set doesn't rise in value for whatever reason my son or I will put the parts and minfigures to use for building.
As someone else pointed out when buying for investment purposes it is best to avoid paying retail price for sets. Watch for discount prices or special deals. Also you don't want to buy lots of a theme when it is far from retirement time. Buying sets too early means storing them longer.
Sets with unique parts, animals and minifigures are something to watch for. Then again there is always a possibility that these items may reappear in future sets (dropping the value). The Deadpool minifigure caused the value of the set he appeared in skyrocket when it was retired. I think its very possible he may appear again though in future sets if Superhero sets stick around for awhile and unless there are licensing issues I don't see the themes ending anytime soon.
For the most part I don't recommend buying LEGO for investment purposes because of the risks but then again I suppose there are also risks involved with investments.
If I find Lego at 50% off or greater, I will most likely buy. These are great for gifts or if they stick around for longer, sometimes they increase in value. The problem is that popular themes will re-issue with nicer parts/minifigs. Most people who invest recommend getting the large exclusive sets that will increase in value when production stops. But you have to consider supply vs demand. If more people are stashing away sets to save for investment, there will be more sets available and the rarity will go down. Rarity will drive the price up. You have to speculate and no one knows the future.
SW sets was used to be a good investment. However, as other members said, TLG keeps re-release old sets. It is now risky to get those unless you could find them with good discount.g
That's how the madness begins lolpbb99 wrote:TI don't have that kind of space so all I'm looking to do is eventually turn my Lego collecting into a revenue-neutral hobby.
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