a cautionary tale about investing all your money in a toy

river41 · 2013-07-26T15:01:31.000Z

http://www.dailyfinance.com/on/bankrupt-by-beanie-babies-family-invested-100k-toys/?icid=maing-grid7%7Cmain5%7Cdl22%7Csec1_lnk2%26pLid%3D349423 While I know everyone will jump on me that lego is different etc. it should function as a word of caution in diversifying and not getting too much of your money in one thing.Almost everything in life is cyclical and while lego is very up now it doesn't mean it will always stay that way. While many people here enjoy lego there will always be HUNDREDS of new lego sets on the market.Our whole business money depends on people wanting a specific set and paying a large premium for it. SO while boys building things will probably never go out of style having a HUGE collectors market where thousands of people pay large amounts of money for a specific item when they can get a substantially similar item for much cheaper can change at some point in time and don't throw all your eggs in one basket.