Don't buy LEGO sets on Release Day! When should you buy? - LEGO Investing for Beginners: Ep 4
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- čas přidán 12. 07. 2024
- Welcome back to LEGO investing for beginners! This is episode 4 where I talk about when the right time is to buy LEGO sets for investing! It is often our temptation as LEGO investors to buy sets on or near their release day but in this video I talk about why that practice should be avoided and what you should look for when it comes LEGO investing and when is the right time to buy!
#lego #legoinvesting #Legoinvestingforbeginners
Tbh, i only buy legos day 1 if its something i really want but most of the time i wait for a discount
This!
Yes Jake I agree! Although there had been a few times, where there had been great price offs from some retailers, which were never watched afterwards again…CONGRATULATIONS on the Babyboy News. 💙
Thanks CWB!!!!
Great video Jake, salient points all around!
Love the word salient! Top tier word choice 💪
Love the information and the honesty. Def rely on your advice as I begin to navigate the world of Lego investing.
Appreciate the feedback Jefe! Thanks!
Great points! I'm getting nervous with so much scheduled to retire this year and not being able to get everything if it doesn't go on sale. I've definitely narrowed my focus that's for sure!
Ya no need to pick up everything! Being selective is key!
Learned so much from this clip. Thank you
Well thanks!
Hi Jake. Just subbed from South-Africa. Found your channel today. I literally have 1 Lego set. Bought it week ago and it ignited something. I had no idea these days just the amazing stuff they bring out. (I'm an 80s kid so I lost touch when Lego was literally just rudimentary bricks.) youtt channel is super informative since its difficult to use info here in South-Africa regarding anything buying / selling / etc since we're such a different market. But, you have some important points that can set me on the road to get some of the sets I really want. Starting with BTTF Delorean hehe. 🎉
STAN! Welcome to the channel so great to meet another new LEGO addict like myself. Glad you enjoy the channel! And have fun collecting
Thanks for sharing!
👍👍
Another great, smart and responsible video. Good on you for owning your quick flips - sometimes you just have a good feeling and it pays off. Scalping Lego pisses people off more than reselling other products so you can risk offending your customers if you're selling more than just a one off sale. So if you scalp you risk holding the set for years, getting banned if you return too many sets, pissing off collectors who will also be your customers and you WILL get hateful responses to your ads if you sell locally. Not only that but the margins are so low that it's nearly pointless. As someone who has tried it many times it is absolutely not worth while.
Best comment on the video! 100% agree
Hey Jake, that is also a lesson I learned in the last years of LEGO investing. An exception for me was the Batmobile 76139 that comes on release day with a mini batmobile 40433. I wanted to build the 76139 and I did sold the 40433 for around 100€. I often find myself being tempted to buy a set on release because the GWP is pretty nice, but in most cases this does not pay well :)
Perfect exception! This is not a universal rule and their are definitely some outliers. That mini batmobile is worth crazy money
Good points - only time to buy on release day is if a gift set you really want is included or if its a set you want to build.
Agreeeed 💪
Yes, this seems like common sense. Could also be applied to people who buy to build, if their priority is saving money. There will always be store sales/lower prices on the used market in a few months
Agreeeed! But you always know the people who want to be the first to build it 😉😉
Wow, never thought about returning Lego.
People do… 🤷♂️🤷♂️
I have a feeling that the police station modular is going to go up in value I’m glad I was able to grab one.
Good pick up
Great video and advice . The only reason I would buy a set on release day is because I really want it to add and build to my collection but 100 percent to buy day 1 to sell . There is no money to be made as a matter of fact right now retired sets aren’t selling at great returns right now. I feared this would happen as the economic environment is not looking good and inflation is hurting families big time. I’ve been in business over 25 years and trust me things aren’t good out there and as a contractor it’s bad news and more pin to come. Be cautious as many are now hoarding to sell and with the massive price increases I see many many sets being held for years.
Great time to buy and hold
Tony I agree! Business all the way around is challenging including LEGO. Hold times may be longer, buying sets needs to be more strategic
Hi there!
I am a LEGO addict, mainly LEGO STAR WARS theme.
I collect mainly star wars minifigures and UCS Star wars sets.
I have been watching lately tons and tons of inventory in bricklink , mostly new UCS minifigures.
I have sent a message to one of the suppliers asking how did he get so many minifigures especially when we are talking about a 240 euros UCS X-wing set! I mean.... Having 50 of these made me think something is wrong...
So... we talked through e-mail and he even told me he already has the new UCS VENATOR Rex at sale and he sent me pics... The only thing they are missing is the pauldron which is made in another factory so they cant get theyr hands on it. The minifigures come from Mexico factory btw....
Anyway... i dont collect and hoard onto a bazilion sets to make money. I sometimes buy more than 1 to sell later and keep my hobby up (since we all know how expensive this hobby is....)
Thing is.. even though im not able to collect every single minifigure without saving money for it i want to have them all in the long run. I am now worried this scheme might hurt the entire LEGO market and flood the world with minifigures.
I am not saying only the rich should have the minifigures and how hard it is for some to obtain the most expensive ones BUT... What about quality?!
I bet these minifigures dont have the standards regarding quality lego has. So the heavy collector might end with crappy minifigures thinking theyr real lego which will eventually devalue the hole collection to the point its not fun anymore.
Just like knockoffs... you can buy old ucs sets from lepin or whatever but its not the same... the value is not the same... you can let the dust cover the set and you wont bother about it because it was so.... cheap? I clean my lego sets and i manage my lego minifigure collection with pride and taste. I watch it everyday before going to work because i do love it.
My question is what will LEGO do about it? It seems there is no information about this whatsoever....
Have a great day/life everyone! :)
A lot of thoughts here and I don't think I can ultimately answer that question. LEGO has tried but not actively to shut down counter fitters. TBH the only way to truly shut them down is if people stop buying their stuff which won't happen any time soon. It's just the nature of the beast of business I guess
Hi Jake , i'm new here and i am wondering if the new guardian ship is worth investing in ?
Can you give me some advice ?
I mentioned that set in my top 10 list for this year. I think it could be with some great figs but marvel sets are typically hit or miss
I save up until October November. If a set has low stock I buy before black friday like republic fighter tank. If there’s a lot of stock it will go off shelves later like december. Also, the later you buy sets the more sure it will retire or not.
True true!!
Only buy personal collection on release day. I'd still advise against that too in most cases.
Agreeeeed 💪
Sooo there’s 3 lego typewriters local on clearance for $122 do I pick them up I just don’t want to flop and can’t pin point enough data for a clearer answer what do you think?
Hmmm it won’t retire this year but that’s a worthy price point to pick it up and hold onto
What about the Mario sets that releasing this year 1 AUG and retiring this year?
This will be similar to the hidden side sets that released in Aug and retired 5 months later… only 1 of those truly performed well and that was mystery castle. And I think I like hidden side more than mario…
What do u think about new vintage vilage set, i think its gona sell well so i cant wait for sale
Do you know the set number?
@@JakesBricks 21343
@@stefan7848 I do love this set!
The only set I'm aiming for on release is the Walt Disney Tribute Camera set. Given it's a direct consumer set only, with a highly desirable, possibility, a once in a lifetime minifigure for an anniversary. Who knows if these 100 year disney sets will be available for a long time.
I like that pick up! But we will probably see it on the shelves for at least a year
Great points..with that said,yeah Gringotts is day 1 ..but I am collecting not just investing 😂
Did you build it!?
@@JakesBricks Nooo not yet! I buy based on interest as a collector but my collection IS MIB due to space and the investing potential. With that said, I might break down and build Diagon Alley and Gringotts if I can find a suitable display case...it is too cool!
I don't invest in Lego, I just mainly get sets for myself (though I have hung on to most of my GWP sets so far), and this year I started to wait to buy high dollar sets for either double VIP/Insider Points, good GWPs or discounts/sales.
This is the way
I have had a couple of sets I wanted to buy on release day as investment and did not and I regret it as I never saw them again on shelf and have retired and/or close to be retiring
Woah! Give me an example?
@@JakesBricks The Stranger things Brickheadz, Ship in a bottle and I also would not of minded picking up the X Wing Starfighter Polybag. Some current sets I want including the Walt Disney Camera and the Disney celebration train have not be available in store pretty much since release date in my local area for pickup.
I don’t want to return sets but some packages have come damaged on delivery. I’m not keeping a damaged box I paid $200 for it’s just not worth it
Totally understandable for damaged packages!
True don't buy on release day. But Manny do. Thinking. Thay might sale out. And miss out. But. Like the Ninjago city market still plenty on shelf at the Lego store. K mart hear. Still plenty of the new Serie s. Dragon rising..I'm glad. Cas I only got the three spiner s....
Where you at that you still have Kmart?
Also if you do too many returns for any reason most retailers will BAN you and you do not know when this will happen. Just when a computer decides to ban you.
Truth!!
I guess some. Not cear about. Wighting for price to drop. So buy day 1. Wouldent it be great to be rich lol. And not cear. About haveing. To shop. Smart. But I think. I rather not be rich. And save shop smart. Grat vid. Alotta info. We know. But. Good info for. Thos. Not shopping smart. That don't. Think. And just. Blowing to much $$. I guess thay are the. One s. Lego. Taking all thay. Money. And. Thos buyer s are. Not yousing that. Brain. Their. Diffrent level s. In type of .what people's. Doing. When it come s to buying sets ...
Shop smart 💪💪
I’m getting that ahsoka ghost set on release day I just really like the build and I don’t think it’s an amazing investment set
Why are you buying on release day? Just so you can be one of the first to build it? Purely curious!
@@JakesBricks I just want it in my hands asap I love rebels and I think I will like ahsoka so it will be great for my collection
@@diegoo489 booom 💪💪 scoop it up then!
Hocus Pocus has been good for scalping
True!
What about Bear Bricks?
Is that a person? A store? A content creator?
@@JakesBricks Wow! I am surprised you have never heard of bearbricks! They can sell for thousands!
Why even buy on release day for personal use? Unless you really need it ASAP virtually all sets will be discounted at some point and they are available for at least a year. All hot sets pretty much have adequate stock at a later date. Helps curb Lego INFLATION.
GWPs. Sometimes it is better to buy on release day. I sell those. Now for people who keep GWPs then that's the tradeoff. You either want GWPs for personal or you wait to get them discounted. I usually wait for discounts, but since I don't have attachments to GWPs it works out for me to get bigger discounts by selling. May 4 promos is a prime example. Sold for $80 each. Same with those Flowerpots, got a nice chunk for those too.
There are rare exceptions but if you can wait I encourage people to wait
Yeer black panther set hear in Australia is $250 of. .one lady got 3 of them. But she only whent to get. The big fig. Sean the black panther on Clarence and got. Sucked in. She spend $1000 so on 3 of them silly. More. Mony than. Brain I say. But if. Got the $$ an rich. Why not. Or may be she got them to part out. For bricklink. Store. Not Shaw. .
It’s not a bad set for part out… still a lot of work though
L lego investing
W LEGO investing! Helps people fund their building hobby
Lego investor= take irrelevant
I learn that the hard way, now on release day, I only buy retired legos set to invest in.
I like that strategy