🔔 Liquidating Bad Investments Ahead of Q4 ⚠️

🔔 Liquidating Bad Investments Ahead of Q4 ⚠️. I share here one of the big LEGO investment mistakes I’ve made. Fortunately, I expect to make most of my money back on this investment, so it’s not a massive loss by any means. 💰💡

📈 It is a strategic move anyone in the e-commerce world is used to, to liquidate underperforming assets. It’s important to recognize the changing market dynamics – in this case, a set I expected to retire, not doing so. 

It’s not only a smart move, but a necessary one to proactively reallocate resources (money and space) to then invest those in more promising investments. 💼🔄

📚 Moral of the story, don’t be afraid to make mistakes every now and then. It happens to the best of us and sometimes, it’s out of our control. However, LEGO sets, as opposed to other items, hold their value. So, even if they don’t grow like you expect them to, they should retain the value you paid for them or even go up a bit. Enough for you to make most, if not all, of your money back. 💪

Awhile back ago I purchased these expensive lenses to sell on Amazon. I bought them for $200 a piece and expected to sell them for $350 (profits for non-LEGO items are less than what we are used to with LEGO). 

By the time the items arrived from England and arrived at Amazon’s warehouses, a manufacturer had come into the listing and was selling the same unit for $80 per unit. And they had hundreds of units! 😱

Since this wasn’t a retiring item of any sorts, I had to liquidate this item at a massive loss. That’s the beauty of LEGO investing. As we all know, LEGO seldom has any discounts and there won’t be a random manufacturer killing any listing. 🧱🛍️

Even if the sets get damaged – we had a pipe burst one time and some sets got wet. We had to remove them from the boxes and sold them without boxes. We still sold them at a profit. 💧💼

Hot tip: LEGO sets hold their value. And setbacks like this are only steppingstones towards better investments. 🌟

Ps. If you want me to share some more tips in more detail, make sure you take my FREE training on 3 Secrets to Success with LEGO Investing – link in bio! See you there! 👀🔗