Potential is a key word, as nothing in life is certain. But having just received a meagre two pence from a two grand saving pot and with another regular saving returning 30 pounds after a year of saving three grand, this seemed a reasonable exercise to undertake.
The sets themselves are your main asset like shares you are better placed to buy them as a long term investment and see the value of what you have bought increase. Who knows Lego may well fall out of favour, but it would be bucking a trend set over decades. The same can happen with shares where if the once strong company falls your shares fall with them. Kids and adults alike are very unlikely to fall out of love with building bricks.
To maximise your investment you have to ensure you cut any additional costs out, which means I will be buying at least fifty pounds worth of Lego at a time, as such you reach the threshold for free delivery. Similar to buying shares but without brokerage costs.
Ensure that you join the VIP program, currently you get around 800 points for every £100 you spend with every 800 points being able to be turned into a £5 discount code. I can not imagine any broker running a scheme that when you buy a hundred pounds worth of shares they then give you another five pounds worth for free.
If you play it cannily with the points scheme you can instead of exchanging your points for the five pound credit code you can instead get codes for other Lego memorabilia that has value exceeding the points used. I have used 650 points around four pounds in value to receive a limited edition print of Lego patents, when you look on auction sites they are currently selling for ten pounds.
Another thing to do to maximise your return is to break up your orders, if you had five hundred pounds to spend try and do it over four or five orders over a period of time to get each of the free rewards for spend the required amount to get your free gift. Some of the gifts you get can in themselves be worth twenty to forty pounds.
My last two orders have been £90 pounds but have received with them Lego assets worth £30 The product I wanted is still worth £90 and is the item I am holding to see it go up in value, but the gifts that come with it will also be held and then sold at a later date ensuring a 30 percent return on money if all items sold. Where else could you get a 30 percent return on your money?
It all seems very positive, so I will let you read the rational side of me. Value is what someone else is prepared to pay for what you have, this is not guaranteed. Also unless I can find a free way to sell the items, then you have to factor in auction site costs and payment charges. Currently ebay is charging 10% and paypal will charge 2.9% +30p So that is 13% of your sale price gone. So any item which you have bought and wish to sell on will have to make back at least 13/14% more than you bought for it for you to receive all your investment back. But then again if you were buying and selling shares you would be paying for each transaction this is not too dissimilar, I have got rid of the cost from the buying will always be looking for ways to eliminate it from the selling as well.
No comments:
Post a Comment