Shane O'Farrell, a 35-year-old man from New Jersey, has surprised many by revealing that has made $500,000 in just 2 years by investing in Lego sets.
Unlike traditional investment channels such as stocks, bonds, and gold. His venture into the Lego toy market has earned him exceptional returns.
Man earns $500K in two years after investing in Legos rather than traditional investments
The story began in O'Farrell's childhood in Ireland, where he often played with the Lego Fort Legoredo set.
However, he didn't know that over 20 years later, the value of this set would skyrocket from $85 to $2,405. This was the opportunity that O'Farrell seized.
After experimenting with other investment options like stocks and finding the 8% annual return unsatisfactory for his financial goals, O'Farrell decided to focus on buying, selling, and 'flipping' in-demand Lego sets.
According to a 2022 study, the value of Lego sets has been growing at 11% per year, outpacing stocks, bonds, and gold.
To make the most money, O'Farrell watches Lego's reports and trends.
He looks for when Lego stops making certain sets. For example, the Lego Star Wars TIE Fighter Pilot helmet was sold for $60 before Lego stopped making it in 2021.
In just 18 months, O'Farrell sold this Lego set for $350, which is a 400% increase in value.
Despite his unexpected success, O'Farrell maintains his full-time job, as dealing with Lego sets requires very little of his time.
"I can do this alongside my regular job and create an additional income stream," he confidently said.
Additionally, he spends time sharing his experience and tips with those interested in this field through his YouTube channel, 'Brick Bucks.'
According to O'Farrell, the key to success is identifying Lego sets with the potential for value appreciation over time.
He declared that people just need to buy Lego sets, place them in their storage, and wait for the prices to go up.
Previously, people are left in awe after learning the meaning of Lego.
Lego, a widely popular toy brand, has been a staple on children's Christmas wish lists for generations.
However, nearly a century after Lego was introduced, customers have recently discovered the true meaning behind the brand name.
The story traces back to the founder, carpenter Ole Kirk Kristiansen, from Billund, Denmark. In 1932, he began crafting toy bricks from wood and introduced them to his son.
Four years later, he coined the name Lego, with no inkling that his small toys would become a household name.
According to Lego, the name comes from combining two Danish words. The words are "Leg Godt" which means "Play Well". Ole Kirk Kristiansen, the founder, created the Lego name for his company.
However, he did not know that the word "Lego" also means "I put together" in Latin.
