What is the recommended duration for holding a LEGO investment before deciding to sell? from Youtuber- Brick Bucks
years. Okay, let’s take a moment to digest all of that information. Jim, our witty Lego investing reporter, definitely didn’t hold back on sharing his thoughts on how long one should hold onto a Lego investment before selling.
First off, Jim recalls a YouTube video he watched a few years ago where a nice guy in his bedroom excitedly talked about holding onto Lego sets for 10, 15, or even 20 years as his retirement plan. While Jim commends the guy’s enthusiasm, he questions whether the sets would actually appreciate that much in value. Particularly, he mentions the Ewok Village set, which he himself had owned and sold. Jim points out that the set didn’t experience significant growth in value over the years and, in fact, has only seen a modest increase. So, Jim wonders if the guy in the video had set his expectations a bit too high.
Now, let’s fast forward to the present and talk about the Saturn V rocket. Jim acknowledges some viewers’ requests to discuss eBay, so he jumps right into it. He shares that the Saturn V set recently sold for about $250. However, when he checks the price trend on camelcamelcamel, Jim notes that the price has been steadily declining. This prompts Jim to ask his viewers whether they should hold onto the set or sell it immediately. While the return on investment might be lower if they sell now compared to a week ago, the answer seems clear to Jim. If you bought multiple sets at a lower price, selling now and reinvesting that money might yield more profit in the long run.
Jim takes a moment to emphasize the importance of having a clear selling price in mind before making a Lego investment. He believes that having this knowledge beforehand will help investors make informed decisions about when to sell. He also stresses the significant discount at which the Saturn V set was initially available, making it a great opportunity for those who capitalized on it.
To illustrate the potential profits, Jim guides us through a buying and reselling scenario. Let’s say you purchased 10 Saturn V rockets at a discounted price of $100 each. Jim estimates the current trending selling price on eBay to be $235. After factoring in taxes and fees, the return on investment would be around 96%. However, if you had bought at $100, your ROI would have exceeded 100%. Jim then proposes using the profits to invest in Brickheadz Mandalorian sets, predicting a conservative selling price of $45 in Q4 of the following year. With 117 units, the potential return on investment would be a whopping 125%.
In conclusion, Jim advises investors to have a clear selling price in mind and not to be afraid to sell their Lego investments when the time is right, even if the price may fluctuate over time. With careful planning and reinvestment, Lego investing can be a profitable venture. So, how long should you hold a Lego investment before selling? Well, it seems like Jim would say it depends on the set and the market, but always be prepared to make the smart decision for maximizing profits.
And that wraps up another entertaining and informative update from our humorous Lego investing reporter, Jim. Stay tuned for more tips and insights on our Lego investing website, Brick Bucks.
Check out this video from Brick Bucks here
