You never address things like how hard it is to do this, you make it sound easy. I have 9 Ebay accounts and several with over 10K feedback so it is easy to sell but for someone with no account, they are not going to sign up and get the same amount of money selling sets, at least not right away. You also have to know how to sell on the internet. Its not like you just buy a few sets. Let them sit under your bed and next year cha ching triple your money LOL. You leave out a lot of cost like shipping boxes and other stuff that you have to factor in. Storage is big. I use to use storage places but now it is cheaper to rent a house for storage. There is a lot more to that but to really make money you need more space other than a closet. You always compare it to the stock market but when you sell a stock you do not have to deal with idiots who want to return your stock because there is a dent on the box HAHA. I mean I could go on and on. Can you make a video about the negative side? Or are you afraid to push away people from your channel? It seems you give a false sense of hope to gain more followers but it could help if you were more honest with them. Don't get me wrong, I think it is all well worth it. Lego is booming and seven years ago I felt like I was late getting into it. I see people that say that now and I just tell them I said the same back in the day and so will people 10 years from now. Lego is here to stay :)
You say you deal with "idiots" who send them back over a dent? I have seen FAR more dumbass sellers that send Lego sets wrapped in brown paper or tape up a freaking plastic grocery bag.
He is not the only one doing this. There are practical hundreds of channel teaching people how to "invest" in bitcoin, baseball cards, video games, and other collectibles. Unfortunately everyone wants to get rich quick without putting in the research and the work and find out the hard way when they realized the opportunity cost associated with selling stuff on ebay, for example, the 15% fees to ebay, the cost of shipping and packaging, and cost for something like a label printer, weight scale, and shipping boxes, and of course time and stress associated with returns. In fact, with the new law requiring ebay to issue 1099K to anyone who sold for more than $600 worth of goods, now there is another of unavoidable cost. (before it was 20K so you can avoid reporting the sale on your tax return)
In the Czech Republic we have extremly strong market with minifigures (especially Star Wars), but it is also possible to sell sets here, the most popular are Star Wars, Creator, Speed Champions and Ideas.
Just a thought here Shane. That LEGO sales chart as you call "the demand" may quiet possibly be skewed by the thousands upon thousands of new LEGO resellers all over the world buying a shit ton more LEGO after watching the hundreds upon hundreds of LEGO investing videos.
We're not even a tiny blip on that chart. I've been hearing it since Brick Bucks began almost 2 years ago... That talking about it on the TH-cam will kill the game. To be honest, since then my ROIs on Lego have only gone up, not down. If it was becoming over supplied we should be seeing the appreciation slow down considerably, and it's simply not happening. Tons of the 2021 retired sets are shooting for the moon just months into retirement
I can’t believe how much the tie fighter pilot helmet exploded in value. I bought 7 of them for 35$ last November and I’m making an easy 130$ in profit on each one.
Loving the info you share, you’re videos are always full of great tips tricks and truths.. it’s low risk is visually enjoyable. And it’s really easy with the right sets to sell, and you can start small and still make a good bit of pocket money for more sets! Thanks again Shane!
Love the channel man! Started my lego investing journey a few months ago and I’m having a blast with it. This video was very informative and always get so much value from your videos!
I got back into lego as an afol in 2017. What I like most is buying used lots. Sort them and sell most of it again as used sets. This year I started to get an interest in lego as an investment buying new sets for selling later. I have had some small succeses, but 90 % of my investment is still waiting for tlg to retire them. I think my biggest mistake as abeginner is that I got tempted by good deals not thinking about the retiring dates. So I got too much money just sitting and waiting the next couple of years. It is ok though i am learning by doing 😊
@@BrickBucks Great! Looking forward to that video since I find literally zero info on that on TH-cam. Also the what if’s…, like when an expensive box gets damaged during transport, what if a buyer tries to scam you, what are the best ways to protect the set during transport (paper vs foam vs air-pocket plastic), how do you manage your empty boxes and what sizes do you keep at the ready, how many times per week do you ship out to buyers etc etc etc. Lots of stuff I’m completely in the blind :)
Hey Shane another great video... Thank you for the hard work... I have a question as I'm new to Lego investing... As an Investor do you concentrate yourself only lets say on three themes and become good in them and learn a lot about the themes and the sets. Or do you, look at all themes and try to choose the Winners and sets with unique Mini Figure?
Hi! I was wondering if you think the recently released Skywalker saga game might boost the re-sell value of Lego SW sets. Would be nice to hear your thoughts on this. Cheers!
As a Lego Investor, is it better to concentrate on specific niches and be good in them? SO that you can become kind of an Expert in some niches? Or do you need to have the whole market in your Eyes as an Investor?
definitely! niching down helps you to become an expert. Pick a few themes and get really good at them, then add a few more themes until you have great options
Does the lego investor can not open the packaging and build it before they sell it? if it's me then it means I need to buy 2 or more of the same sets, because I need to build the lego that I like and bought.
As someone who's investing in the stock market, passive ETF's and LEGO, it's comical to me that investing in LEGO would be considered more work. It's easy to pick out good sets or buy the UCS sets the year before they retire. Even for passive trading, it's more work to diversify your portfolio, research stock, manage costs and, if you don't use homebanking, setting up for a brokerage you trust. LEGO investment is more work in the sense of shipping these boxes when you do sell them. Good video, though the most-raised obstacle I've heard isn't mentioned here: declaring this as an income. I limit my investments so that taxes cannot consider this a professional activity - I buy only one of each set so that they can be considered for personal use. Nobody's likely to get caught and pay fines, but I'd like to not pay taxes at all, making the investment more worthwhile than the dividends I pay 30% taxes on.
@@ReubenVictoor That's why videos like this is a problem. It simply doesn't cover a whole breadth of things and most folks without in-depth knowledge will just end up taking a huge loss due cost and taxes that they are not aware of.
I just discovered your channel and I got to say it definitely has give me more confidence on collecting. I just started out collecting Star Wars mini figures and I’ve been looking into storage containers or displays for them so I can keep them perfect long term do you have any suggestions
This is a great video! Yes you can do it in the UK I have been doing it for about 15 years but using the extra money as a way to increase my collection rather than making a living at it but there is a lot of money to be made. it's all about recognising what has potential which most of time tends to be the most obvious popular set like the Creator Expert or UCS Star Wars sets . But yes start off small just a few hundred pounds pick carefully looking good sets in the sales. and one more thing look for sales of smaller sets of popular brands like Harry potter and star wars that go on as much as half price that you can just spend £10-£30 on because that small £15 gamble can really pay off in say 3 years when it's retired . I'm always looking for smaller set that are on clearance. I have very often bought something for say £10 on clearance sale that I have sold 3 years later for £50 -£60 . I recently got the 501st battle pack in Salisburys for £12 a set (usially £25) that's a really popular set and I will be very surprised after a few years of retirement this doesn't shoots up in price. Keep up the great videos it's good advice 🙂
Great vid & love your content mate. Signed up for the boot camp. I must say my main thing I’m trying to figure out is how to go about this the best way as I live in aus. Shipping costs are the biggest issue it seems. From looking at bricklink it’s almost unusable to buy sets from there unless it’s an aus seller which is rare. Shipping just makes it completely unviable & may as well just buy local. Curious to hear about this topic from you at some point as never heard it addressed. Brick link does seem to favour usa considerably.
@Brick Bucks, I have been investing in Lego for 2 years. Happy to say my strategic purchases are paying off. I have also been collecting vintage LEGO. When I say vintage I mean -sets released between 1975 and 1980. It's been hard to get good reliable valuations on these older sets. Any ideas what I should do? I generally try and buy the naff sets that are going to have a limited shelf life because lego sometimes misread their fans and releases something that is never going to sell. I think these types of sets will rocket in value because they will be so rare in 5 years. You gave an example of the Star Wars helmet as one that has literally doubled in value over a short space of time. Do you have any other examples?
You mention shipping Lego sets in #8 and how people can learn as they go. This is where I strongly disagree with your opinion. A new selller beggining to ship Lego sets without understanding their packing and shipping needs will earn themself costly poor feedback/ ratings with their on-line marketplace and subsequent reduced sales. Lego boxes are notorious for being damaged by improper packing. This is a sore subject for me, having traded collectables since the 80s.
Shane I would love a video on your decision making/price analysis for shipping options. As a smaller volume seller I use Ebay and deciding between the different shipping options when you first start out can be quite overwhelming. It would be great when to highlight when use the free shipping, a flat rate, or the buyer paying and understanding how to estimate a shipping cost of an item. Great video as always cheers.
I think the mis conceptions our not taking the time to understand. I have spent almost 2 years buying and have sold less than 2 items during the time. I still learn every day things about this field . The Pirates of Baracuda and the Tie Helmet are so clear they would be winners but I currently can not add to my position but soon i hope
Thank you for all your videos, I am starting in Lego investing but I am a bit scared how to ship a box on eBay. How to pack it properly to avoid damage ? Could you please make a video of good tips to pack and send Lego? Thank you
I use Amazon, Target, etc. boxes I get from buying Lego and then just cut them down to fit the particular set I'm selling. You don't want a bunch of empty space or your shipping cost will be higher. Wrap the set in bubble wrap and you're good. I always add insurance to my packages and haven't had a problem, and I started selling in 2002.
@@Passie86 Just go to a lego store and see how many sets are target at kids. One day those kids will grow up with disposable income and nostalgia is a powerful thing, that's the buyers you are targeting.
My parents told me not to invest in Lego. I would lose money. Good thing I didn’t listen to them 😁 Also recently have been selling millennium falcons from the solo movie for $250. Bought a bunch for $79. $$$$
Honestly not worth the time to sell legos as an investment. I collect them because I like them, not for the purpose to make money. Same as my whiskey collection. Love to collect and drink them but have absolutely 0 intention to want to make money. I’ll let you guys deal with all the customer service bullshit lol 😂
The truth about Lego investing is it’s a super small return unless you wait for years. Buying a bunch of Lego sets doesn’t make you an investor or have a “portfolio” , it’s like you bought some legos and hope to sell them for more one day, it will never subsidize enough income to do it full time. There are real investments and day trading you can do that makes you real money. Not 100$ in a year. Lego is a hobby which is fine but you’re not an “investor”.
@@BrickBucks it’s not, unless you own a business like Atlanta Brick Co. Bricks n Mini figs etc…. It’s just a hobby. Invest with Edward jones, invest in an IRA, there are 5,000 more efficient ways to make more money faster than buying legos. It’s a hobby, which again is fine.
@@BrickBucks The guy is talking about the opportunity cost. Unless you reach some sort of economics of scale, the opportunity cost of buying and selling $10,000 worth of lego is much higher than buying and selling $10,000 worth of stock. Also just because your lego is giving you a return of 500% vs your real estate is giving you 50% return, it doesn't mean it's much better investment if the original investment of lego is $10,000 vs say $500,000 home. Making 40K is not better than making $250,000 because time eventually will be your bottle neck. Now, if you say you are holding a large amount of legos and selling them regularly, this is no longer an investment. You are actually holding an inventory and it's subject it'll be treated ordinary income rather than capital gain. So you outta be careful unless you want to have the IRS knocking on your door. As of 1/1/2021, the IRS requires sites like ebay to start issuing 1099K to anyone who sold more than $600 of goods, and they have issued more than 10K notices to people who did not report those income. So yea, be careful.
Register for the free live webinar - bricksellerbootcamp.com/
You never address things like how hard it is to do this, you make it sound easy. I have 9 Ebay accounts and several with over 10K feedback so it is easy to sell but for someone with no account, they are not going to sign up and get the same amount of money selling sets, at least not right away. You also have to know how to sell on the internet. Its not like you just buy a few sets. Let them sit under your bed and next year cha ching triple your money LOL. You leave out a lot of cost like shipping boxes and other stuff that you have to factor in.
Storage is big. I use to use storage places but now it is cheaper to rent a house for storage. There is a lot more to that but to really make money you need more space other than a closet.
You always compare it to the stock market but when you sell a stock you do not have to deal with idiots who want to return your stock because there is a dent on the box HAHA. I mean I could go on and on. Can you make a video about the negative side? Or are you afraid to push away people from your channel? It seems you give a false sense of hope to gain more followers but it could help if you were more honest with them. Don't get me wrong, I think it is all well worth it. Lego is booming and seven years ago I felt like I was late getting into it. I see people that say that now and I just tell them I said the same back in the day and so will people 10 years from now. Lego is here to stay :)
You say you deal with "idiots" who send them back over a dent? I have seen FAR more dumbass sellers that send Lego sets wrapped in brown paper or tape up a freaking plastic grocery bag.
He is not the only one doing this. There are practical hundreds of channel teaching people how to "invest" in bitcoin, baseball cards, video games, and other collectibles. Unfortunately everyone wants to get rich quick without putting in the research and the work and find out the hard way when they realized the opportunity cost associated with selling stuff on ebay, for example, the 15% fees to ebay, the cost of shipping and packaging, and cost for something like a label printer, weight scale, and shipping boxes, and of course time and stress associated with returns. In fact, with the new law requiring ebay to issue 1099K to anyone who sold for more than $600 worth of goods, now there is another of unavoidable cost. (before it was 20K so you can avoid reporting the sale on your tax return)
In the Czech Republic we have extremly strong market with minifigures (especially Star Wars), but it is also possible to sell sets here, the most popular are Star Wars, Creator, Speed Champions and Ideas.
Just a thought here Shane. That LEGO sales chart as you call "the demand" may quiet possibly be skewed by the thousands upon thousands of new LEGO resellers all over the world buying a shit ton more LEGO after watching the hundreds upon hundreds of LEGO investing videos.
We're not even a tiny blip on that chart. I've been hearing it since Brick Bucks began almost 2 years ago... That talking about it on the TH-cam will kill the game. To be honest, since then my ROIs on Lego have only gone up, not down. If it was becoming over supplied we should be seeing the appreciation slow down considerably, and it's simply not happening. Tons of the 2021 retired sets are shooting for the moon just months into retirement
@@BrickBucks Lego keeps raising the prices of their sets while reducing the part count. At some point the bubble will burst.
I can’t believe how much the tie fighter pilot helmet exploded in value. I bought 7 of them for 35$ last November and I’m making an easy 130$ in profit on each one.
Loving the info you share, you’re videos are always full of great tips tricks and truths.. it’s low risk is visually enjoyable. And it’s really easy with the right sets to sell, and you can start small and still make a good bit of pocket money for more sets! Thanks again Shane!
Love the channel man! Started my lego investing journey a few months ago and I’m having a blast with it. This video was very informative and always get so much value from your videos!
Thank you for the video. I'm just starting and it was nice to watch this.
I got back into lego as an afol in 2017. What I like most is buying used lots. Sort them and sell most of it again as used sets. This year I started to get an interest in lego as an investment buying new sets for selling later. I have had some small succeses, but 90 % of my investment is still waiting for tlg to retire them. I think my biggest mistake as abeginner is that I got tempted by good deals not thinking about the retiring dates. So I got too much money just sitting and waiting the next couple of years. It is ok though i am learning by doing 😊
Thanks for this, great video with good tips.
Great Content, I've watched so many of your vids and love them. Keep it coming 👍
Do you think all the star wars helmets are good pickups or was the fighter helmet a one off thing?
While the Lego company is growing, the toy industry is not. Therfore, I feel people assume that Lego is waning.
Great video. Thank you.
Where should I look?
Where do I buy wholesale or better yet how do I find discounted prices
Great work Shane! Love it.
Love the videos, keep it up. I’m having a lot of fun with it. My family thinks I’m crazy 😜 🤣🤣
Great video as always!
One thing I don't get is do you just buy the lego from the lego store?:)
Is it a good idea, in your opinion, to create your own selling website? Or do you think it's a waste of time?
Another great vid Shane. Hats off to you 👍
Great stuff! Could you do a video on the box/packing/shipping/shipping costs etc?
good idea, I'll add it to the list!
@@BrickBucks Great! Looking forward to that video since I find literally zero info on that on TH-cam. Also the what if’s…, like when an expensive box gets damaged during transport, what if a buyer tries to scam you, what are the best ways to protect the set during transport (paper vs foam vs air-pocket plastic), how do you manage your empty boxes and what sizes do you keep at the ready, how many times per week do you ship out to buyers etc etc etc. Lots of stuff I’m completely in the blind :)
Lego is the best. I like buying sets just to have them in case I ever want to build. Otherwise sell for a profit.
I started in february and have already invested sooo much. Have to wait for EOL now :-D
Hey Shane another great video... Thank you for the hard work... I have a question as I'm new to Lego investing... As an Investor do you concentrate yourself only lets say on three themes and become good in them and learn a lot about the themes and the sets. Or do you, look at all themes and try to choose the Winners and sets with unique Mini Figure?
Hi! I was wondering if you think the recently released Skywalker saga game might boost the re-sell value of Lego SW sets. Would be nice to hear your thoughts on this. Cheers!
As a Lego Investor, is it better to concentrate on specific niches and be good in them? SO that you can become kind of an Expert in some niches? Or do you need to have the whole market in your Eyes as an Investor?
definitely! niching down helps you to become an expert. Pick a few themes and get really good at them, then add a few more themes until you have great options
@@BrickBucks thank you very much
I just discovered your channel and it's AWESOME!!!! Thank you so much for the great videos, I LOVE them!!! :)
Can i built it and still gain some capital?
Does the lego investor can not open the packaging and build it before they sell it? if it's me then it means I need to buy 2 or more of the same sets, because I need to build the lego that I like and bought.
As someone who's investing in the stock market, passive ETF's and LEGO, it's comical to me that investing in LEGO would be considered more work.
It's easy to pick out good sets or buy the UCS sets the year before they retire. Even for passive trading, it's more work to diversify your portfolio, research stock, manage costs and, if you don't use homebanking, setting up for a brokerage you trust.
LEGO investment is more work in the sense of shipping these boxes when you do sell them.
Good video, though the most-raised obstacle I've heard isn't mentioned here: declaring this as an income. I limit my investments so that taxes cannot consider this a professional activity - I buy only one of each set so that they can be considered for personal use. Nobody's likely to get caught and pay fines, but I'd like to not pay taxes at all, making the investment more worthwhile than the dividends I pay 30% taxes on.
I agree 100% with you
Hmm, how do you report your lego sales on the tax return? Schedule D or Schedule C? If you are reporting on Schedule D, you are doing it wrong.
@@n00btype i'm not in the US, my fiscal system is different!
@@ReubenVictoor That's why videos like this is a problem. It simply doesn't cover a whole breadth of things and most folks without in-depth knowledge will just end up taking a huge loss due cost and taxes that they are not aware of.
I just discovered your channel and I got to say it definitely has give me more confidence on collecting. I just started out collecting Star Wars mini figures and I’ve been looking into storage containers or displays for them so I can keep them perfect long term do you have any suggestions
This is a great video! Yes you can do it in the UK I have been doing it for about 15 years but using the extra money as a way to increase my collection rather than making a living at it but there is a lot of money to be made. it's all about recognising what has potential which most of time tends to be the most obvious popular set like the Creator Expert or UCS Star Wars sets . But yes start off small just a few hundred pounds pick carefully looking good sets in the sales. and one more thing look for sales of smaller sets of popular brands like Harry potter and star wars that go on as much as half price that you can just spend £10-£30 on because that small £15 gamble can really pay off in say 3 years when it's retired . I'm always looking for smaller set that are on clearance. I have very often bought something for say £10 on clearance sale that I have sold 3 years later for £50 -£60 . I recently got the 501st battle pack in Salisburys for £12 a set (usially £25) that's a really popular set and I will be very surprised after a few years of retirement this doesn't shoots up in price.
Keep up the great videos it's good advice 🙂
Start investing over a year... registered webinar.. see you on wed.
Time to start investing in food and water.
Great vid & love your content mate. Signed up for the boot camp.
I must say my main thing I’m trying to figure out is how to go about this the best way as I live in aus. Shipping costs are the biggest issue it seems. From looking at bricklink it’s almost unusable to buy sets from there unless it’s an aus seller which is rare. Shipping just makes it completely unviable & may as well just buy local. Curious to hear about this topic from you at some point as never heard it addressed. Brick link does seem to favour usa considerably.
biggest caveat in Lego investment is storage space. Period.
This man speaks the truth.
Indeed storage space is a big problem..
Try collecting Lego and Pokemon! Storage space is a myth
@Brick Bucks, I have been investing in Lego for 2 years. Happy to say my strategic purchases are paying off. I have also been collecting vintage LEGO. When I say vintage I mean -sets released between 1975 and 1980. It's been hard to get good reliable valuations on these older sets. Any ideas what I should do? I generally try and buy the naff sets that are going to have a limited shelf life because lego sometimes misread their fans and releases something that is never going to sell. I think these types of sets will rocket in value because they will be so rare in 5 years. You gave an example of the Star Wars helmet as one that has literally doubled in value over a short space of time. Do you have any other examples?
You mention shipping Lego sets in #8 and how people can learn as they go. This is where I strongly disagree with your opinion. A new selller beggining to ship Lego sets without understanding their packing and shipping needs will earn themself costly poor feedback/ ratings with their on-line marketplace and subsequent reduced sales. Lego boxes are notorious for being damaged by improper packing. This is a sore subject for me, having traded collectables since the 80s.
Should you try to ask for a discount at the big box stores if a Lego Set you want has a damaged box? How much % off is a good deal?
Yeah this can work for sure. I've seen it work at Walmart and Lego Store. I'd shoot for 30% off and see it they bite :)
Shane I would love a video on your decision making/price analysis for shipping options. As a smaller volume seller I use Ebay and deciding between the different shipping options when you first start out can be quite overwhelming. It would be great when to highlight when use the free shipping, a flat rate, or the buyer paying and understanding how to estimate a shipping cost of an item. Great video as always cheers.
Totally agree
I use pirateships to help with label. Some time it will give me ups cheaper or same price as the USPS.
@@phillipwhitejr8980 I've tried it out before but still mainly just go to my local post office.
@@phillipwhitejr8980 Thanks for the suggestion checked it out and definitely will use in the future
I think the mis conceptions our not taking the time to understand. I have spent almost 2 years buying and have sold less than 2 items during the time. I still learn every day things about this field . The Pirates of Baracuda and the Tie Helmet are so clear they would be winners but I currently can not add to my position but soon i hope
Thank you for all your videos, I am starting in Lego investing but I am a bit scared how to ship a box on eBay. How to pack it properly to avoid damage ? Could you please make a video of good tips to pack and send Lego? Thank you
I use Amazon, Target, etc. boxes I get from buying Lego and then just cut them down to fit the particular set I'm selling. You don't want a bunch of empty space or your shipping cost will be higher. Wrap the set in bubble wrap and you're good. I always add insurance to my packages and haven't had a problem, and I started selling in 2002.
Great Video! My question is, what can someone make on average per year/month in profit from lego investments/reselling?
The sky’s the limit. Depends on how much you have to invest
The real hope is that the Asian markets explode, that would mean billions more potential fans/buyers/collectors/investors.
Make more videos of the sets you have invested in. whole portfolio video 😁👌🏻
Im 33 Years Old And I Can Offically Confirm Lego Is Alive And Well
I like rereleases.
I think there are more investers then buyers at this point..
We're not even a drop in the ocean of Lego buyers
@@BrickBucks haha right.. four years ago maybe
@@Passie86 Just go to a lego store and see how many sets are target at kids. One day those kids will grow up with disposable income and nostalgia is a powerful thing, that's the buyers you are targeting.
My parents told me not to invest in Lego. I would lose money. Good thing I didn’t listen to them 😁
Also recently have been selling millennium falcons from the solo movie for $250. Bought a bunch for $79. $$$$
That was a decent pick because they will never rerelease that ship.
Another great video...thanks Shane
I'm actually pulling out of LEGO investing.
How come?
Enough ROI already???🤣🤣🤣🤣
@@dc-collectible LEGO investing will be losing its viability soon. Better to pull out just before.
I was ok with 3 - 5 years if you're doubling your money quicker than that talk to me
much quicker
Good video
Honestly not worth the time to sell legos as an investment. I collect them because I like them, not for the purpose to make money. Same as my whiskey collection. Love to collect and drink them but have absolutely 0 intention to want to make money. I’ll let you guys deal with all the customer service bullshit lol 😂
🙏 thank you
Lego investing is over I think
Loco
😱
✌️
The truth about Lego investing is it’s a super small return unless you wait for years. Buying a bunch of Lego sets doesn’t make you an investor or have a “portfolio” , it’s like you bought some legos and hope to sell them for more one day, it will never subsidize enough income to do it full time. There are real investments and day trading you can do that makes you real money. Not 100$ in a year. Lego is a hobby which is fine but you’re not an “investor”.
This is incorrect
@@BrickBucks it’s not, unless you own a business like Atlanta Brick Co. Bricks n Mini figs etc…. It’s just a hobby. Invest with Edward jones, invest in an IRA, there are 5,000 more efficient ways to make more money faster than buying legos. It’s a hobby, which again is fine.
@@joshuaray4215 I have significant investments in stocks and real estate, and none of them perform better than my Lego investments
@@BrickBucks The guy is talking about the opportunity cost. Unless you reach some sort of economics of scale, the opportunity cost of buying and selling $10,000 worth of lego is much higher than buying and selling $10,000 worth of stock. Also just because your lego is giving you a return of 500% vs your real estate is giving you 50% return, it doesn't mean it's much better investment if the original investment of lego is $10,000 vs say $500,000 home. Making 40K is not better than making $250,000 because time eventually will be your bottle neck. Now, if you say you are holding a large amount of legos and selling them regularly, this is no longer an investment. You are actually holding an inventory and it's subject it'll be treated ordinary income rather than capital gain. So you outta be careful unless you want to have the IRS knocking on your door. As of 1/1/2021, the IRS requires sites like ebay to start issuing 1099K to anyone who sold more than $600 of goods, and they have issued more than 10K notices to people who did not report those income. So yea, be careful.
You got to be joking....lol
Where is the joke?