Australian man Mangleson (Josh Mangleson) invests in Lego toys and earns money from them and is able to pay a down payment for home purchases. (Australian News Network Photo)
As much as a lot of little boys, Josh Mangleson, the Australian man, has collected a lot of high-quality toys in the process of growing, according to the Australian News Network. But he didn`t know that his favorite plastic toys had a day to help him dream of a home.
It is reported that Magleusen began to collect Lego toys as a child. In high school, he had his first job and tried to buy a new Lego toy suit online, only to find that his old toys were worth a lot of money, especially if he kept them well. So he began to collect Lego toys as an investment.
Magleusen called himself a perfectionist, so every toy suit was well preserved, and even the instructions and even the boxes were preserved.
But it wasn`t until he went to college that Mangleson realized he might "sit in a gold mine." In 2016, he began to invest in real estate economic academic degree. He tidied up his collection of Lego toys through a website called Brickpicker and fell in love with Lego`s investment art.
Australian man Mangleson (Josh Mangleson) invests in Lego toys and earns money from them and is able to pay a down payment for home purchases. (Australian News Network Photo)
Around mid-2016, he began to buy Lego toys crazily. When he started spending thousands of Australian dollars on Lego toys and carrying a whole car of toys home, his parents thought he was crazy. But after showing his parents that he could profit from Lego toys, Magleusen quickly got his parents` support.
There are three tips for buying Lego toys, he revealed. First, make sure you get a big discount when you buy them. The second is to buy Lego toys at the end of the shelf time, usually about 2 years, depending on the situation. Finally, it is necessary to know which toys will be popular.
It is reported that he can make a profit in seven days at the earliest. On one occasion, for example, he paid less than A $50 for a set of (Simpsons Series 1 Minifigures), sold for A $150A a week later.
Australian man Mangleson (Josh Mangleson) invests in Lego toys and earns money from them and is able to pay a down payment for home purchases. (Australian News Network Photo)
What can further prove that the Australian Lego market is booming is eBay., one of the largest online retailers. Last month alone, Lego set toys were sold on eBay every second, the site said. In the past 12 months alone, consumers have bought more than 400000 Lego toys on the site, many of which are sold by Mangleson.
Magleusen said he could get an average return of more than 40 percent after holding each Lego toy for about 18 months.
In the end, Magleusen sold about 250 sets of investments and his own collection of Lego toys, excluding costs for a profit of just over A $20,000. Coupled with a A $15000 subsidy for first-time buyers in Kunzhou, he and his wife were able to pay a down payment for home purchases, and they owned their own real estate.
Magleusen is also reported to have retained the most valuable Lego toys, the 75192 Millennium Eagle (Millennium Falcon) and the 10188 death Star (Death Star) suit, which is estimated to sell for A $1700 (depending on preservation). He said he would not sell the toys soon.
Australian man Mangleson (Josh Mangleson) invests in Lego toys and earns money from them and is able to pay a down payment for home purchases. (Australian News Network Photo)
