Whats your strategy??

Re: What's your strategy??

Losing stuff to the other ppl in your life is not bad thing if you play the game right it really shouldnt matter much over all . The trick is not to Lose all of it and to not become a hoarder of junk that has no real value or meaning to you and them in this game of picking Junk . If i was at a point of not making money or just breaking even at this game i would have to think twice about why i was doing it . I stay away from large items because i dont have the space or the desire or money to support large scale storage of big items . If you have the means and money and time to handle large items for 1-10 years now is a great time to be buying large items like furniture or large art or metal . People are downsizing there homes and lives at lot which means grandmas old furniture ends up on craigslist or in yard sales more often then not . In the last few months Ive seen pinball machines , old good wood furniture , metal art , Signs . Lots of these things you wouldnt of seen 6 years ago in yard sales . I dont have the contacts or means to get rid of these things so i pass on them . The 700lb all metal table router proved to me that i didnt want to handle large heavy items even if there is profit in them . If i had a store front and a staff to handle these items i would be looking at them .

Any time i go out i can pull 0-100+ items . The price point im willing to pay means im never really losing more then $1-$50 of my kitty to a give away that may happen once every 3rd week . The rest of the items i gather will have profit to cover that minor lost of item . And someday I will have to sell all those items my mom scoops anyways . Since the rest of my sibs will not bother with more then some of the glass ware and jewelry . And I just plan on locking them in a room with the jewelry boxes and not let them out till they have it sorted anyways .
 

Re: What's your strategy??

First, I don't have a lot of space to keep stuff that "Might be worth something someday". Second, I don't have a lot of money to gamble with. I hunt for scrap gold and silver for sending to the refiner. My rules are:
1) Have fun. This is what I do when I'm not working.

2) Don't put your eggs in one basket. That is, don't spend enough on any one item that if it turns out to be counterfeit you would be crushed.

3) Doubling your money is the minimum expectation. I shoot for 4-6 times my investment to cover losses on other purchases. As I become more knowledgeable, those losses have become less frequent, but I keep the ratio high. That means sometimes I leave empty handed.
 

Top Member Reactions

Users who are viewing this thread

Latest Discussions

Back
Top