I invest in Lego because it’s better than stocks, bonds and gold — and I’ve made $500K in 2 years

Shane O’Farrell didn’t intend to get rich buying and selling Lego — all the 35-year-old from New Jersey, wanted was a connection to his childhood back in Ireland, where the modest Fort Legoredo was one of his favorite playthings.O’Farrell quickly jumped into what proved to be a lucrative market of buying and flipping coveted Lego sets online.

“It was $60 before being retired in 2021. Then by about a year and a half of it being retired, it was $350,” O’Farrell said. “You’re talking about a 400% return on investment in a year and a half’s time.” “You could just buy the stuff, put it away somewhere in storage and just wait for the price to go up,” he said. “The workload is quite low.”

Out of the estimated thousand he invested in and held onto for years, only one didn’t pay off — a $12 Disney “Frozen” set he resold for $10. “For a young person like me, I have an abundance of time on my hands, but what I lack is significant capital,” he said.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

California thieves targeting Lego stores for black market deals: 'Lego Larceny'Growing crime rings recently stole reportedly more than $100,000 of Lego bricks in California as well as other states to resell them on the black market.
Sumber: FoxBusiness - 🏆 458. / 53 Baca lebih lajut »