The Official RFD LEGO General Discussion Thread

eela604 wrote: ↑ so those who did fund these gotta make sure the credit card information doesn't expire.

bestknightmare wrote: ↑ newbie here, do u always wait for a lego sale or buy what you see? from mindset of investor.

the 100th disney will be a killer

br0pbr0p wrote: ↑ Well, as an investor, would you buy a stock to hold for a longer period or wait a few months and buy it 20-30% lower with shorter holding period?

Before getting into Lego "investing", you should understand the costs, holding period, storage, exit strategies etc. first. If you expect to make quick/big money from this, you will be very disappointed.
It's not very scalable, it takes time to see real returns, it's very illiquid and can be time consuming to sell. Buying is the easiest part.
You don't get into Lego as an investor. You get into Lego investing as a result of your interest in Lego because that greatly limits your downside. Worse case, you got more sets to play with at cost.
That's what I tell my wife anyways when I buy too many sets, it's "investment".

bestknightmare wrote: ↑ Thank you for insight. I guess to rephrase my question, does lego ever get sold out before it goes on sale? Can I wait or do I need to buy a set

bestknightmare wrote: ↑ Thank you for insight. I guess to rephrase my question, does lego ever get sold out before it goes on sale? Can I wait or do I need to buy a set

br0pbr0p wrote: ↑ I can't think of too many examples of sets that got discontinued before having any discounts. Keep in mind, Rakuten has 10% CB all the time, combine with 5% VIP points and possibly GWP, you are going to get 20% off just buying at regular price. I bought Eiffel Tower at launch with 10% CB and 5% VIP and free set.

The rule of thumb is, most sets are around for two years, and usually you will see sales in the 2nd year. Some lingers, like the VW Camper (original) that was around for like 5 years while some of the earlier Lego Idea sets were gone within a year after the batch was sold. The Old Fishing Store is one example, it wasn't around for long but even that I was able to get it on discount, should have bought more. On the other hand, the Grand Piano seems to be sticking around a bit longer than usual for an Idea set and went up in price post launch (not part of the overall price adjustment Lego did late last year).

Overall, you should get able to wait and get at least 15% off (CB + VIP) on most sets before they retire. Just have to wait and act fast. I bought like $2K worth of Lego while on the train at 6am . Wife was not impressed.

br0pbr0p wrote: ↑ I can't think of too many examples of sets that got discontinued before having any discounts. Keep in mind, Rakuten has 10% CB all the time, combine with 5% VIP points and possibly GWP, you are going to get 20% off just buying at regular price. I bought Eiffel Tower at launch with 10% CB and 5% VIP and free set.

The rule of thumb is, most sets are around for two years, and usually you will see sales in the 2nd year. Some lingers, like the VW Camper (original) that was around for like 5 years while some of the earlier Lego Idea sets were gone within a year after the batch was sold. The Old Fishing Store is one example, it wasn't around for long but even that I was able to get it on discount, should have bought more. On the other hand, the Grand Piano seems to be sticking around a bit longer than usual for an Idea set and went up in price post launch (not part of the overall price adjustment Lego did late last year).

Overall, you should get able to wait and get at least 15% off (CB + VIP) on most sets before they retire. Just have to wait and act fast. I bought like $2K worth of Lego while on the train at 6am . Wife was not impressed.

Ray Oliver wrote: ↑ The original VW Camper was actually around for nine years but that is very unusual. Another outlier is Assembly Square which is now six years old.

br0pbr0p wrote: ↑ I can't think of too many examples of sets that got discontinued before having any discounts. Keep in mind, Rakuten has 10% CB all the time, combine with 5% VIP points and possibly GWP, you are going to get 20% off just buying at regular price. I bought Eiffel Tower at launch with 10% CB and 5% VIP and free set.

Ralphael wrote: ↑ HOW TO Update your CC information - the lego way....

To those whose credit card information has expired.... like mine last year and a new credit card with a new expiration date was issued... but my order is still on the old CC expiration date.... and I got worried.....

Legoholic wrote: ↑ TLDR - the *quick&easy* way:
Call Lego with the original order number and let them know your new card expiration date!
Took me 2 minutes to do before the last round was shipped. Didn't have any issues with receiving the set.

Ray Oliver wrote: ↑ The original VW Camper was actually around for nine years but that is very unusual. Another outlier is Assembly Square which is now six years old.

Gmas wrote: ↑ Pretty sure there was a 17% instance for Lego on Rakuten last year.

Edit: My bad, it was 13% in March of last year.

Gmas wrote: ↑ Pretty sure there was a 17% instance for Lego on Rakuten last year.

Edit: My bad, it was 13% in March of last year.