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  1. #2061
    Clearly Iíve been doing it wrong. It will be an awkward Christmas when I tell the niece and nephew: Sorry you canít open these Lego sets because they are going into the back of the closest. You will thank me in twenty years.

    Forget About Gold: Study Says Investing in Lego Sets Will Earn You More Money

  2. #2062
    Quote Originally Posted by Kdogg View Post
    Clearly Iíve been doing it wrong. It will be an awkward Christmas when I tell the niece and nephew: Sorry you canít open these Lego sets because they are going into the back of the closest. You will thank me in twenty years.

    Forget About Gold: Study Says Investing in Lego Sets Will Earn You More Money
    Haha, I had someone suggest this to me to always buy two sets, one to gift and the other to save. I'm like, "I don't have that much storage place." But, having a kid who loves LEGO, I do have to say there is an insane shortage right now. Went to target yesterday and the shelves are barren. Luckily, purchased the big one (Millennium Falcon, not the $800 one but rather than $170 or whatever one) a couple months ago because it's nowhere to be found. The secondary market on eBay is insane. I could easily sell it for double. I guess should have bought a few for a quick turnaround in this case...

  3. #2063
    Join Date
    Jan 2010
    Location
    Outside Philly
    Quote Originally Posted by Kdogg View Post
    Clearly Iíve been doing it wrong. It will be an awkward Christmas when I tell the niece and nephew: Sorry you canít open these Lego sets because they are going into the back of the closest. You will thank me in twenty years.

    Forget About Gold: Study Says Investing in Lego Sets Will Earn You More Money
    Interesting. A Lego from today should be able to fit with a Lego from 1950, it's part of their design strategy so not sure I see the investment utility but nostalgia is a powerful market driver.

  4. #2064
    Quote Originally Posted by bundabergdevil View Post
    Interesting. A Lego from today should be able to fit with a Lego from 1950, it's part of their design strategy so not sure I see the investment utility but nostalgia is a powerful market driver.
    It's about sets that get discontinued or simply are in a supply/demand imbalance, not the bricks themselves.

  5. #2065
    Very difficult to scale...

  6. #2066
    Join Date
    Jan 2010
    Location
    Outside Philly
    Share buybacks hit all time high in Q3, according to WSJ.


    More likely coming.

  7. #2067
    DRE - Duke Realty closed on 2/18/2021 41.74 when I last mentioned it. Trading today at 62.78 at the close. For a gain of 50.4% not including dividends which would have pushed it up over 52%. The S&P 500 was up 19.3% during that time.

  8. #2068
    Join Date
    Dec 2011
    Location
    Albemarle, North Carolina
    Quote Originally Posted by YmoBeThere View Post
    DRE - Duke Realty closed on 2/18/2021 41.74 when I last mentioned it. Trading today at 62.78 at the close. For a gain of 50.4% not including dividends which would have pushed it up over 52%. The S&P 500 was up 19.3% during that time.
    Iíll just go ahead and say thank you for that tidbit back then. Iíve enjoyed watching it because of you.
    "The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge" -Stephen Hawking

  9. #2069
    Quote Originally Posted by JNort View Post
    Iíll just go ahead and say thank you for that tidbit back then. Iíve enjoyed watching it because of you.
    You are welcome!

  10. #2070
    Join Date
    Jan 2010
    Location
    Outside Philly
    I Bond rates at a healthy 7.12%. Very nice, low risk.

  11. #2071
    Quote Originally Posted by bundabergdevil View Post
    The challenge is you can't scale I bonds given the max of $10k/year. I know some people who intentionally overpay their federal tax as I believe you can get your refund in I bonds above the max.

    Rate also resets every six months, but yeah, next 6-month period looks good.

  12. #2072
    Join Date
    Jan 2010
    Location
    Outside Philly
    Quote Originally Posted by Bluedog View Post
    The challenge is you can't scale I bonds given the max of $10k/year. I know some people who intentionally overpay their federal tax as I believe you can get your refund in I bonds above the max.

    Rate also resets every six months, but yeah, next 6-month period looks good.
    Yeah, certainly not to any serious level but I suppose you could get a few multiples by purchasing for you + any family members you might have, then doing the same thing promptly in January when the calendar year resets.

  13. #2073
    Quote Originally Posted by Bluedog View Post
    The challenge is you can't scale I bonds given the max of $10k/year. I know some people who intentionally overpay their federal tax as I believe you can get your refund in I bonds above the max.
    Yep, you can purchase up to an additional $5k per year with your federal tax refund. You can also purchase $10k per year for each of your kidís education, with no tax liability.

  14. #2074
    Quote Originally Posted by bundabergdevil View Post
    yeah, certainly not to any serious level but i suppose you could get a few multiples by purchasing for you + any family members you might have, then doing the same thing promptly in january when the calendar year resets.
    Bingo!

  15. #2075
    Quote Originally Posted by bundabergdevil View Post
    Thanks for the heads up. Bought some today. Tied up for a year, but easily beats the 0.05% I was getting from my savings account.

  16. #2076
    Quote Originally Posted by YmoBeThere View Post
    Thanks for the heads up. Bought some today. Tied up for a year, but easily beats the 0.05% I was getting from my savings account.
    IIRC, you need to hold them for 5 years to avoid an early withdrawal penalty (3 months interest).

  17. #2077
    Quote Originally Posted by Jeffrey View Post
    IIRC, you need to hold them for 5 years to avoid an early withdrawal penalty (3 months interest).
    Yes, there are two things in play. You cannot redeem at all until 1 year. If you have to redeem in the first five years, you pay a penalty of 3 months interest. A couple assumptions, say the interest rate for the second 6 months drops down to 3%. At one year, you will have earned $506 in interest. Even if you have to forfeit 3 months of interest, $75 in this case, you are ahead $431 given the average savings account is paying 0.05%. I donít expect to need to use the money at all and can hold the 5 years, but even a worst case scenario leaves me $100s of dollars ahead(pre-tax).

    *Yes, math is not as compelling versus online savings accounts of 0.55%, but still hundreds ahead.

  18. #2078
    Quote Originally Posted by YmoBeThere View Post
    *Yes, math is not as compelling versus online savings accounts of 0.55%, but still hundreds ahead.
    My current cash play is combining signup bonuses with savings accounts. Iíve never worked so hard to make 1-2% in my lifetime.

  19. #2079
    Join Date
    Feb 2007
    Location
    Raleigh, NC
    Quote Originally Posted by YmoBeThere View Post
    Yes, there are two things in play. You cannot redeem at all until 1 year. If you have to redeem in the first five years, you pay a penalty of 3 months interest. A couple assumptions, say the interest rate for the second 6 months drops down to 3%. At one year, you will have earned $506 in interest. Even if you have to forfeit 3 months of interest, $75 in this case, you are ahead $431 given the average savings account is paying 0.05%. I donít expect to need to use the money at all and can hold the 5 years, but even a worst case scenario leaves me $100s of dollars ahead(pre-tax).

    *Yes, math is not as compelling versus online savings accounts of 0.55%, but still hundreds ahead.
    Just so I'm reading this correctly (i.e. stupid question time). If I have say $20000 in a savings account that I don't expect to need in the next year (or the next several years, really), I can move it into an I-Bond and make 7.12%. The only drawback I see is that it's unavailable for a year but I don't see that as an issue since the money is just in a regular savings account anyway. And like YmoBeThere posted, after that year if I have to pay a 3 month penalty I'm still ahead.

    Outside of 'there are better ways use that money' this seems like a good safe place to store that kind of money and get a decent interest rate. Is there anything else I should worry about with this?

  20. #2080
    Join Date
    Jan 2010
    Location
    Outside Philly
    Quote Originally Posted by elvis14 View Post
    Just so I'm reading this correctly (i.e. stupid question time). If I have say $20000 in a savings account that I don't expect to need in the next year (or the next several years, really), I can move it into an I-Bond and make 7.12%. The only drawback I see is that it's unavailable for a year but I don't see that as an issue since the money is just in a regular savings account anyway. And like YmoBeThere posted, after that year if I have to pay a 3 month penalty I'm still ahead.

    Outside of 'there are better ways use that money' this seems like a good safe place to store that kind of money and get a decent interest rate. Is there anything else I should worry about with this?
    There are a couple of financial experts here but my understanding is that you would need to split that $20K into two $10K investments for different people (say, you and a SO or child) --- OR, you could purchase another one for yourself when the period resets in January.

    The I-Bond is fixed + a variable interest rate that adjusts based on inflation (which is why it is so high right now) and gets recalculated semi-annually. SO, that 7.12% is locked until the next recalculation period in Spring.

    It is safe, you can't lose the principle and its fully backed by the US government.

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