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Serious answer...I wrote it.

Has this been priced as low before? LEGO Star Wars TM Bounty Hunter Speeder Bike™ Battle Pack 75167 $7.99 https://www.walmart.com/ip/LEGO-Star-Wars-TM-Bounty-Hunter-Speeder-Bike-Battle-Pack-75167/55126256

Barnes & Noble: 50% off (or is it 20%?) for select sets: https://m.barnesandnoble.com/b/20-off-select-lego/_/N-2ry7?page=1&offset=1&limit=20 The page header currently says 20% but the prices showing up are 50% off. Not the greatest selection but could be some decent buys for folks. Go get what you want before it hits SD and/or B&N fixes the pricing (if they really meant 20% off)!

Knowing about logical fallacies alone doesn't help you much if you don't see when they apply and when they don't. In this present case your personal fallacy lies in the erroneous assumption that Ed Mack is basing the validity of his arguments on his authority. The truth is his arguments are based on experience.

i just bought a bunch of Lego Joker steamrollers from some guy named Terry. I am on my way I tell you.

What is there not to like...

First off, if you knew me and were familiar with this site, you would realize the answer was meant to be somewhat sarcastic and funny. Secondly, I didn't recommend it, nor have I pitched the book for years. Yes, the prices are outdated, but there is useful information in the book for novices, plus it's a really nice book. Bad business? LOL...Don't you have to make money from something for it to be a business? The book made me practically nothing. I have't received a check in over a year. But it was a cool experience to write two books and to write monthly articles for BLOCKS magazine and I can tell people that I am "published." Well let me introduce myself. I am the co-owner/creator of the site and I am from NJ, but I do not do the well done videos, belljohn does. For a person who talks a big game, you certainly don't pay attention. You have 358 posts and have been on the site for a year. A quick search on the internet can do wonders... https://www.usatoday.com/story/money/business/2012/12/27/lego-investors-profit/1732525/ I agree, the real good information is on this forum and from all of its diversified and intelligent members. People like belljohn and I don't do this for money, it's a passion. Enjoy the site...

....and you can't take advantage of every deal. Don't dwell on what you missed, look forward to the next score. I used to beat myself up for missing a deal, but come to realize the next deal is right around the corner. Persistence pays.....

Not quite right...markup is the amount a product is selling at over cost. Margin is sales minus COGS. Markup shows profits as it relates to cost while margin shows profits in relation to revenue. The two numbers will be diff. I.e. I just sold a Horizon Express for $215 (which is also what I sold one for two years ago right after retirement [emoji30]). I bought in at $130. Markup = ($215 - $130) / $130 = 65.38% Margin = ($215 - $130) / $215 = 39.53% Markup makes sure you're generating revenue on sales and Margin shows the actual profit you made on the sale. Accountant here I'll answer anything else you have. And to get it out of the way: no I'm not a masochist and yes I generally do like accounting [emoji12] Sent from my iPhone using Tapatalk

"If it was easy everyone would do it" - I don't mean this to come off as condescending, but there are no easy answers. I have been doing this for several years, and I am still learning, adapting, and refining my processes. I am sure several of the vets here would echo that sentiment. But there are tools, sites like this one, and others, that can help you learn and grow. But like most things, the best teacher is practice. Even without insider info, there are ways to make educated guesses as to what is retiring - there are some predictable trends, and not so predictable trends - For example, we know what themes LEGO is still using in 2019, and we can see that "LEGO Batman Movie", "Cars", "NEXO Knights" and "Elves" are not among them - so we know those sets are retiring. From themes that are continuing, such as DC Super Heroes, LEGO typically only has one BIG SET (140 ish price point) for each super hero line, currently Flying Fox for DC And the Sanctum for Marvel. Flying Fox has been out for a year and a half (Release dates available on Brickset.com), so it's an educated guess to assume that set is on its way out, even without having any other info. Some other info we do have on this set however is that it's been cleared out from most major retailers at steep discounts. That also can usually be taken as a sign of something retiring. Every set retires eventually. Some sets bring better returns than others at a different timeline and for different storage spaces. All those nuances are things you'll have to figure out yourself. From my example above, I think most serious LEGO investors are shying away from most LEGO Batman Movie and Cars sets, even at steep discounts. Elves seem to be a mixed bag, and I find NEXO Knights interesting. After the relative flop that I consider most of CHIMA to be, I avoided a lot of NEXO - And some of those sets have actually appreciated quite well - and I just haven't put much into the theme. But as someone else said, you can't buy it all. And some decisions will be winners, some will be losers. If you have more winners than losers, you're doing well. Personally, I have more Joker Steamrollers and Gorzan Gorilla Strikers than I care to admit. But I have far more Gorilla Grodd goes Bannanas and Joker Manors to make up for it. And here's the thing, MOST "losers" still sell for close to MSRP, so if you bought at a decent discount, 40% or more - You're still going to make a few bucks or come out even. That's one of the things I like about doing this, since at worst you are likely to break even - It's a pretty decent risk. The sets I have bought over the years that sold for less than MSRP 2-3 after retirement I can count on one hand. If I were to give advice to someone just getting involved, I would say this: Have a budget and a plan. Don't overspend. Be realistic. And definitely do not buy every set that's retiring or every set that's 50% off. THERE IS ALWAYS SOMETHING TO BUY. There are better/more efficient ways to go about it all, but as we all keep echoing - things are changing constantly. The Amazon gating thing is kind of a big deal. I don't even know if I *could* start doing this today with a goal of making money. Once you're already entrenched and have a system/rotation, it's a different game. Even as someone who has done this a while, and who (I consider) to have decent success, I would be lying if I said I totally understood it. I really thought 31038 Changing Seasons was going to be successful, and it has turned out to be pretty much a dud (even though I personally love the set). I would have never guessed that a set like 31032 Red Creatures would have been the smash that it is, but I ended up with a fair amount of them anyway. You are here, which is a major step. I was doing this for years before I discovered this site, and the information and experience found here have been instrumental in helping me grow. So from here, I'd say do a little research, dip your toes in, and see how it goes.

The kind that doesn't write books

If you watch the market long enough, you will realize that it is generally not guesswork. There are very clear patterns to their product cycle that make retirement dates highly predictable for many sets. Can you predict every retirement date? No. For whatever reason, Lego retires some sets far earlier than anyone would ever expect and extends other far longer than anyone would ever want. But if you watch long enough, it's not hard to predict at least 70% of the sets that will retire in a given year without having any inside info. Sent from my SM-G965U using Brickpicker Forum mobile app

I'm still trying to figure out how to get rich quick off these plastic bricks.

math

I can think of a super easy way for you to get this topic back on the rails.

But is it better to spend VIP points during 2X VIP???

Yes. they let me keep it. That would have been an interesting conversation...

Cheer up. It's almost Christmas.

As much as I enjoyed the process and finished products, it is so time consuming. I was up until 2-3AM for months writing and that was not including the hours I put in when I was working my real job. I think we got paid like $5000.00 each to do the book. Divide that by hundreds of hours, it is not worth it. I think we can move on from this. You didn't realize who I was. I assumed you knew. No biggie.

The inner circle know the retiring sets months ahead and plan accordingly. If you are out of that loop then you are a tea leaves guy with a major disadvantage. Doesn´t mean you can´t strike gold but you are trying to catch lightning in teacup. Urrggg I think I just ovedosed on clichés....

Go pitch the idea of flipping LEGO on Shark Tank and ask for $1M for 1% of your company

I'm a simple person. Bama hat, Braves hat, brewery magazine, Disney castle instructions and the Mack book.

for the 135th time yes it is... That damn Ed Mack character getting this thread off topic again, should go write a book or something... still have my book on the bottom shelf of my night stand.

Not really a wretched hive so much as a hangout. And yes, I bought raffle tickets to help the school, too. On a somewhat serious note, I do think most people here are honest and hardworking resellers and collectors who like what they do. I also think we should continue to have conversations about ethics and consider each other as AFOL first. The great thing about this digital space is that it brings so many of us together, but I think some of us forget in all the deals, the buying and selling, that there are people behind the screen, in the shipping center hauling boxes, driving the trucks, etc. Sent from my iPhone using Brickpicker Forum mobile app

Though some have tried .....

Many experienced sellers don't wait for the retirement dance, they identify sets for purchase and buy throughout the year(s) at discount and then do a silent happy dance when items retire.

Send it out for free?! There’s about $0.53 worth of plastic there, they can’t just go around giving that away all willy nilly.

It is not a red herring. The analysis is straightforward...compare RRP of sets that have retired to the current secondary market rates. If you know the market and make good choices, it is generally in the neighborhood of 5 out of 5 sets that appreciates after retirement. Sent from my SM-G965U using Brickpicker Forum mobile app

If your going to post diner pics there is only one choice

One thing to add to Achilles' advice...get a hang of how easy it is to sell before you start going deep on buying. If you look back over the various clearance threads on this message board and others, you will see a lot of people who come in, get geeked up about buying clearance, buy a ton, and then disappear. Buying is a lot easier than selling and it is very easy to get overextended, particularly if you're using credit to buy. Sent from my SM-G965U using Brickpicker Forum mobile app

Terry, I checked around here and didn't see much available. Call ahead if any stores around you actually have anything you are looking for. I was not able to "buy online" as stock numbers are low or zero, might be different by you though. Search their website, find the coupon that says 50% off SELECT lego. if you missed it, didn't miss much.

Where the f is the mop when you need him

Be patient, QFLL 5005747 ftw

Even that is showing sold out. I was able to snag 6 at Walmart for $40 a few months ago.

I ended up getting 15 or 20 of them for $20 each. None in my area are less than $20. I'm keeping an eye on them though and if they do drop to $7, there are supposedly around 400 of them within a 100 mile radius of me. I'll be taking a road trip to see how many fit in my truck... then I'll need to figure out where to store them when I get home.

Our Costco has the Star Wars X-Wing #75218 marked down to $47.97. Not sure if it's a good enough set at that price though? Might want to check your local stores as they are starting to mark down some of the Christmas items.

FYI: USPS will be closed tomorrow (12/5) for National Day of Mourning. Plan your shipping accordingly http://about.usps.com/newsroom/statements/120318-usps-operating-status-national-day-of-mourning.htm

OK. Many BN sets are gone, you just can't buy stuff if you have a day job.

Amazon is a key to survival only if you have a business model that is reliant on Amazon. The key to survival as a general matter is to align your business model and business practices to the platform that you're selling on.

this is what it was like earlier this month for me. then there was a 3 day period where my orders were being accepted. i even have orders from yesterday am that have now shipped but stuff from afternoon and evening got the walmart b-hammer. again. all because ba said it was safe to get back in the water. also interesting to know that bullshit is not filtered. ?

You can order in the store and get the HP from the store and you have your order shipped to home. Works for my last 50 HP.

I've had two orders sitting in limbo for three days now trying to do a store pick-up for Mushroom Islands..... I'm assuming there will be a cancellation at some point. I almost feel like they are delaying the orders until the stores do not have enough stock, then they'll use that excuse to cancel....this sucks!!!

So is 10259 Winter Village Station is done?

I had 10 brick boxes ship so that was a surprise. 80 percent still getting cancelled though. Wish Google Express carried the 20 percent of stuff I want to purchase.

Ew. I blocked his channel on YouTube so I wouldn’t have to hear about him anymore. Is there anybody worse!?

If he could beat New England in the playoffs it would help