Your brother has recently heard about Lego investing. In fact, he's been very persuaded by TikTokers...

  

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Your brother has recently heard about Lego investing. In fact, he's been very persuaded by TikTokers and online graphics such as the following (an actual screenshot taken from brickeconomy.com): Set Value (New/Sealed) This chart represents the current new/sealed value of the set The Mines of Moria since January 2021. Very high accuracy $500 $400 $300 $200 $100 SO $400 $200 2021 2014 2015 2016 2022 a 2017 2018 2019 2029 2020 Today $311.52 2021 Estimate 2024 2022 2023 LEGO 9473 The Mines of Moria was a 776 piece The Lord of the Rings set with 9 minifigs released in 2012. It was retired in November 2013 with a lifespan of 18 months. The current value for a new and sealed The Mines of Moria is estimated around $312 today with current average yearly gain of about 11% but will level off in the next year closer to a 10% annual growth making it a solid investment. On the secondary markets, the typical price range for the set MISB/NISB is between $300 and $357. On the open market, a used set will fetch in the range of between $151 and $294 depending on the condition. Set Details Set number Name Theme Subtheme Year Released Retired Availability Pieces Minifigs Set Pricing Retail price New/Sealed Value Growth Annual growth Future growth 90-day growth Used 9473-1 The Mines of Moria The Lord of the Rings The Fellowship of the Ring 2012 May 16, 2012 November 18, 2013 Retired 776 (PPP $0.10) 9 (Value $246.42) 6006 (4 $79.99 $311.52 +289.45% +11.22% +9.54% (2-3 year outlook) 15.56% unique) This set had an annual growth of roughly 11.22% over the last 10 years. This beat the S&P 500! Your brother is planning to take his life savings and going into debt so as to invest in collector edition Lego sets, with hopes of making great returns. What do you think about this investment opportunity? Your brother has recently heard about Lego investing. In fact, he's been very persuaded by TikTokers and online graphics such as the following (an actual screenshot taken from brickeconomy.com): Set Value (New/Sealed) This chart represents the current new/sealed value of the set The Mines of Moria since January 2021. Very high accuracy $500 $400 $300 $200 $100 SO $400 $200 2021 2014 2015 2016 2022 a 2017 2018 2019 2029 2020 Today $311.52 2021 Estimate 2024 2022 2023 LEGO 9473 The Mines of Moria was a 776 piece The Lord of the Rings set with 9 minifigs released in 2012. It was retired in November 2013 with a lifespan of 18 months. The current value for a new and sealed The Mines of Moria is estimated around $312 today with current average yearly gain of about 11% but will level off in the next year closer to a 10% annual growth making it a solid investment. On the secondary markets, the typical price range for the set MISB/NISB is between $300 and $357. On the open market, a used set will fetch in the range of between $151 and $294 depending on the condition. Set Details Set number Name Theme Subtheme Year Released Retired Availability Pieces Minifigs Set Pricing Retail price New/Sealed Value Growth Annual growth Future growth 90-day growth Used 9473-1 The Mines of Moria The Lord of the Rings The Fellowship of the Ring 2012 May 16, 2012 November 18, 2013 Retired 776 (PPP $0.10) 9 (Value $246.42) 6006 (4 $79.99 $311.52 +289.45% +11.22% +9.54% (2-3 year outlook) 15.56% unique) This set had an annual growth of roughly 11.22% over the last 10 years. This beat the S&P 500! Your brother is planning to take his life savings and going into debt so as to invest in collector edition Lego sets, with hopes of making great returns. What do you think about this investment opportunity?

Answer rating: 100% (QA)

SOLUTION Based on the information provided investing your brothers life savings and going into debt to invest in collector edition Lego sets is a very highrisk decision While its true that some Lego s... View the full answer