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Investing In Lego Bricks For Fun But Mostly Profit
First time accepted submitter theideabulb writes "Just as stock investors have portfolios of all different sorts of stocks, Lego investors hold massive collections of Lego sets and can make annual profits that beat stocks. This article is a looking into the world of the little plastic brick that makes money for LEGO fans and a website that helps track peoples' collections to help them track their profits."
Are you listening?
Plastics
There's a great future in plastics. Think about it. Will you think about it?
... but these people haven't made a "profit" until they have SOLD their holdings.
Who to? Other investors? What if they all sell at once?
Also, if I start trading in Legos do I have to send a bag of bricks to the IRS every quarter? If so can I just go by weight? Do I have to give a fair mix including some of the more desirable blocks or can I just send a bunch of the 4x4 plantar penetrators that no sane person wants near their floor?
You have the right to remain sentient. If you give up the right to remain sentient, you will be elected to public office
When you invest in real estate you have to send a portion of the land and building to the IRS every quarter. And people who invest in gold have to send gold to the IRS every quarter. And people who invest in stocks have to send a few stocks to the IRS every quarter.
So obviously yes you'd have to send some lego to the IRS every quarter.
What if I collect toenail clippings? Does the IRS want in on this?