Chen Meng, 31 years old, works in a regular state-owned enterprise in Weihai, Shandong Province. I have a savings of 300,000 yuan. The amount I have in fixed deposits is not much, only around 100,000 yuan. So the impact of the interest rate decrease on me is limited. Most of my money has been invested in things like funds, certificates of deposit, gold, etc. I have also bought and sold things like LEGO, CDs, and Maotai.
I have been a LEGO enthusiast myself, and later I discovered that discontinued LEGO sets have increased significantly in value. Once people in my circle found out, they started buying more and more. LEGO discontinues a batch of sets every year and releases new ones. We buy the discontinued sets from previous years and those based on popular IPs like Harry Potter and Star Wars. But recently, it hasn’t been as good because LEGO opened a factory in Jiaxing, China, and the production volume has become very high. Some people also import large quantities of the most popular sets from overseas, causing the entire LEGO market to become chaotic.
I have seen many big players who have LEGO collections worth millions or even tens of millions. Starting from 2023, they have been aggressively selling their collections. I’m one of the smaller buyers, and the current market value of LEGO sets in my home is just over 50,000 yuan. I have stocked up on a dozen or twenty duplicates. Last year, the situation was still relatively good. If I sold them on the second-hand market, I could make over 1,000 yuan a month. But now it’s not easy to sell.
Some discontinued or signed CDs are also difficult to sell. A few years ago, I bought a CD for 50 yuan from the “Confucius Old Book Network” and sold it for 1,000 yuan on the second-hand market. There was also a time when I bought a Waist Band CD for 1,500 yuan, and two weeks later, I sold it for 3,600 yuan. But now, I haven’t sold a single one for several months because of the bad economic situation. People are using their money for more practical purposes and are not inclined to buy LEGO or CDs, which are more decorative. I have been trying to clear my inventory, and I still have about a hundred CDs left, but overall, I won’t lose money because I made some profits before.
I’m the kind of person who tries everything, but I never dare to invest too much in long-term investments. Around 2016, I also invested in P2P platforms and gradually invested around 100,000 yuan. The interest rates were at least 6% or higher. But later, there were cases of platforms defaulting, and I felt something was wrong, so I quickly withdrew my money. For example, I buy gold bars every year, ranging from 50 grams to 100 grams. I also participate in the lottery for Maotai liquor every day. In previous years, including the Maotai lottery on the “iMaotai” app, I could win three or four bottles in a year. If it’s the popular Feitian variety, I can make a profit of around 1,300 to 1,400 yuan per bottle, or even 700 to 800 yuan when the market is not good. You can also keep it for yourself and sell it when the price goes up before holidays.