{"id":12682,"date":"2024-06-19T14:19:05","date_gmt":"2024-06-19T14:19:05","guid":{"rendered":"https:\/\/used82.com\/?p=12682"},"modified":"2024-06-19T14:19:05","modified_gmt":"2024-06-19T14:19:05","slug":"man-made-500k-from-investing-in-legos-as-its-better-than-stocks-bonds-and-gold","status":"publish","type":"post","link":"https:\/\/used82.com\/?p=12682","title":{"rendered":"Man made $500K from investing in Legos as it&#8217;s &#8216;better than stocks, bonds and gold&#8217;"},"content":{"rendered":"<h2 class=\"summary_summary__q_VAA\">Shane O\u2019Farrell&#8217;s success selling Lego all stemmed from a childhood pastime<\/h2>\n<p class=\"text_text__nEn66\"><strong>Bitcoin? No thanks. The New York Stock Exchange? Not for me. Lego, on the other hand&#8230;<\/strong><\/p>\n<p class=\"text_text__nEn66\">The colorful bricks might not seem like they fit alongside those other investment opportunities, but Shane O\u2019Farrell, from\u00a0<a class=\"link_link__LDfG6\" href=\"https:\/\/www.unilad.com\/us-news\">New Jersey,<\/a>\u00a0would argue otherwise.<\/p>\n<p class=\"text_text__nEn66\">The 35-year-old has managed to make a staggering\u00a0<a class=\"link_link__LDfG6\" href=\"https:\/\/www.unilad.com\/money\">$500,000<\/a> in the last two years from investing in the kits &#8211; and it all begins with a bit of nostalgia.<\/p>\n<p class=\"text_text__nEn66\">Though O&#8217;Farrell lives in the US now, he spent his childhood in Ireland, where he often entertained himself with the Fort Legoredo\u00a0<a class=\"link_link__LDfG6\" href=\"https:\/\/www.unilad.com\/lego\">Lego<\/a>\u00a0set.<\/p>\n<p class=\"text_text__nEn66\">Little O&#8217;Farrell would have had no idea at the time that the price of the kit would increase by hundreds of dollars over the next two decades &#8211; but a now-adult O&#8217;Farrell saw the opportunity and jumped at it.<\/p>\n<p class=\"text_text__nEn66\">Back in 1996, the Fort Legoredo lego sold for $85. Now, O&#8217;Farrell sells the same set for $2,405.<\/p>\n<p class=\"text_text__nEn66\">O&#8217;Farrell began buying and flipping popular Lego sets online, stressing to the New York Post that it was the money-making opportunity that made the most sense to him while trying to invest his money.<\/p>\n<div class=\"article-image_articleImage__eyzAn\">\n<div class=\"article-image_imageWrapper__ANtPE\"><img decoding=\"async\" src=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=70&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt1c5a24dde9fa6a16\/6672a9284d7d6822fb990d90\/lego.png\" sizes=\"100vw\" srcset=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=70&amp;width=640&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt1c5a24dde9fa6a16\/6672a9284d7d6822fb990d90\/lego.png 640w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=70&amp;width=750&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt1c5a24dde9fa6a16\/6672a9284d7d6822fb990d90\/lego.png 750w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=70&amp;width=828&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt1c5a24dde9fa6a16\/6672a9284d7d6822fb990d90\/lego.png 828w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=70&amp;width=1080&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt1c5a24dde9fa6a16\/6672a9284d7d6822fb990d90\/lego.png 1080w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=70&amp;width=1200&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt1c5a24dde9fa6a16\/6672a9284d7d6822fb990d90\/lego.png 1200w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=70&amp;width=1920&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt1c5a24dde9fa6a16\/6672a9284d7d6822fb990d90\/lego.png 1920w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=70&amp;width=2048&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt1c5a24dde9fa6a16\/6672a9284d7d6822fb990d90\/lego.png 2048w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=70&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt1c5a24dde9fa6a16\/6672a9284d7d6822fb990d90\/lego.png 3840w\" alt=\"O'Farrell has made thousands by selling Legos. (YouTube\/Brick Bucks)\" data-chromatic=\"ignore\" data-nimg=\"fill\" \/><\/div>\n<p><cite class=\"image-credit_imageCredit__YMlqS\">O&#8217;Farrell has made thousands by selling Legos. (YouTube\/Brick Bucks)<\/cite><\/div>\n<p class=\"text_text__nEn66\">\u201cI started trying to invest in stocks and realized the 8 percent a year that I\u2019m making in the stock market is not really going to work,&#8221; he\u00a0<a class=\"link_link__LDfG6\" href=\"https:\/\/nypost.com\/2024\/06\/18\/lifestyle\/i-invest-in-lego-its-better-than-stocks-bonds-and-gold\/\" target=\"_blank\" rel=\"noopener\">said<\/a>. &#8220;It\u2019s not really going to get me where I want to go. It would take decades.\u201d<\/p>\n<p class=\"text_text__nEn66\">With Lego\u2019s resale value growing by 11 percent annually, outpacing stocks, bonds, and gold\u00a0<a class=\"link_link__LDfG6\" href=\"https:\/\/www.hse.ru\/en\/news\/research\/536477053.html\" target=\"_blank\" rel=\"noopener\">according to<\/a>\u00a0a 2022 study, it seems the building sets are the way to go.<\/p>\n<p class=\"text_text__nEn66\">To make the most of his sales, O&#8217;Farrell reads finance and trend reports released by Lego as well as keeping an eye on when the company is set to retire certain sets.<\/p>\n<p class=\"text_text__nEn66\">One example is the Lego\u00a0<a class=\"link_link__LDfG6\" href=\"https:\/\/www.unilad.com\/star-wars\"><em>Star Wars\u00a0<\/em><\/a>TIE Fighter Pilot helmet model, which sold for $60 before being retired in 2021.<\/p>\n<p class=\"text_text__nEn66\">O&#8217;Farrell snapped up the set, and within a year and a half of it being retired, he was able to sell it for $350.<\/p>\n<p class=\"text_text__nEn66\">&#8220;You\u2019re talking about a 400 percent return on investment in a year and a half\u2019s time,&#8221; he explained.<\/p>\n<p class=\"text_text__nEn66\">Despite O&#8217;Farrell&#8217;s success in the Lego-selling business, he still works a full-time job as the time it takes to flip the kits is &#8216;very minimal&#8217;.<\/p>\n<p class=\"text_text__nEn66\">&#8220;I can do it on top of my full-time job and create a supplementary income,\u201d he explained.<\/p>\n<p class=\"text_text__nEn66\">O&#8217;Farrell even has time to share tips for other people hoping to follow in his footsteps through his <a class=\"link_link__LDfG6\" href=\"https:\/\/www.unilad.com\/youtube\">YouTube<\/a>\u00a0channel,\u00a0<a class=\"link_link__LDfG6\" href=\"https:\/\/www.youtube.com\/@BrickBucks\" target=\"_blank\" rel=\"noopener\">Brick Bucks.<\/a><\/p>\n<p class=\"text_text__nEn66\">The Lego-selling business does require a bit of patience, but O&#8217;Farrell pointed out you could simply &#8216;buy the stuff, put it away somewhere in storage and just wait for the price to go up&#8217;.<\/p>\n<p class=\"text_text__nEn66\">The key, of course, is knowing which sets to buy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shane O\u2019Farrell&#8217;s success selling Lego all stemmed from a childhood pastime Bitcoin? No thanks. The&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12682","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"views":75,"_links":{"self":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts\/12682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12682"}],"version-history":[{"count":0,"href":"https:\/\/used82.com\/index.php?rest_route=\/wp\/v2\/posts\/12682\/revisions"}],"wp:attachment":[{"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/used82.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}