I made a mistake. from Youtuber- Brick Bucks
Title: I Messed Up: A Lego Investing Misadventure with the Technic Porsche 911 Rsr set
Transcript:
Hey there, Lego investing enthusiasts! It’s me, your funny and humorous male staff reporter, back with another hilarious tale from the world of Lego investments. Today, we’re going to dive into one of my own mistakes – a major oopsie with the Lego Technic Porsche 911 Rsr set.
A while ago, I made a short video on Instagram confessing my error and announcing my plan to liquidate all my units of this particular set. Some curious viewers asked about the numbers – what did I pay for it, what did I sell it for? Well, folks, today, I am here to break it all down for you.
First things first, let’s acknowledge that Lego investing, like any other investment, has its highs and lows. Sometimes, a set performs exceptionally well, and other times, it falls short of your expectations. It happens to everyone, whether you’re new to Lego investing or a seasoned pro. Retirement dates may change, sets may underperform, or they might even get re-released.
But fear not! The reason I’m still enthusiastic about Lego investing is that, overall, my winners far outweigh my losers. And here’s a fun little secret: even if a set turns out to be a bad investment, the gradual increase in prices over time often allows us to break even or even make a small profit. Especially if you managed to snag the set at a great discount, there’s potential for selling it at MSRP and still getting your money back. This is why I love Lego investing – profitable wins and occasional blunders make it an exciting ride!
Now, let’s talk about some of the mistakes I’ve made personally. One of the most significant blunders was hanging onto the Technic Porsche 911 Rsr set for far too long. I purchased it a couple of years ago, expecting it to retire that year. But guess what? Retirement dates got pushed out, and I ended up holding onto these sets for an extended period. Not the smartest move, if you ask me.
You see, my preferred approach is to sell sets close to their retirement dates, ensuring my money keeps growing within the Lego investing ecosystem. Waiting around for a delayed retirement just means the set sits on my shelf, gathering dust. So, recently, I decided it was time to part ways with all my units of the Technic Porsche 911 Rsr.
Now, let’s get into some numbers, shall we? The Technic Porsche 911 Rsr set (42096) has a whopping 1,170 pieces. As an avid fan of the set, I initially believed it to be a fantastic investment. However, due to its long shelf life, my confidence waned a bit. But don’t worry, it’s still a beautiful, intricately designed set that I’m rooting for!
In total, I bought 15 units of the Technic Porsche 911 Rsr set at a fantastic discount – $120 apiece. Now, brace yourselves for the not-so-impressive sales figures. I sold ten units on Amazon and five on eBay, each at different prices. Ready for the breakdown?
On Amazon, my total sales revenue amounted to $1,690. Considering the 10 units sold, I had a cost of goods sold (COGS) of $1,200. However, after accounting for selling fees and other expenses, my actual payout from Amazon was $1,320. That means I made a profit of $120 from the Amazon sales.
Yes, I know, it doesn’t sound like much of a profit. But remember, the goal here was not to make a substantial return on investment, but rather to get my money back so I can invest it in something else that shows better potential for growth in the coming year.
And there you have it, folks – a classic Lego investing adventure filled with ups, downs, and valuable lessons learned. Even though I made a blunder with the Technic Porsche 911 Rsr set, it’s all part of the Lego investing journey. So, remember, keep a positive attitude, learn from your mistakes, and keep your Lego business growing!
Stay tuned for more entertaining tales from the world of Lego investing on our site, where we’ve got all the tips and tricks you need to make a profit from your beloved Lego bricks. Until next time, happy Lego investing, my brick-loving friends!
(Note: The numbers used in the transcript are fictional and do not match any actual Lego set prices or values.)
Check out this video from Brick Bucks here
