It’s been over six months since my last update. I’ve sold lots of items, and I’ve bought lots of items. I’ve sold a stock I did not like what was going on with it. I’ll explain this more later.
I’ve sold 138 items since my last update and have made $630.69 in profit off of these items. I made an average of $4.57 per item. This is a much lower average than I’ve been making previously. I know this has been the trend of lower item sales price over this period. I’ve taken steps to increase my profitability level to $15 on average. I had decided to keep a higher level of profit per item previously, but the easy path to acquire many items in a hour or less calls out to me sometimes.
It will take time for the average profit to come back up because I have also increased my overall inventory level. I had a big loss on a bike I bought for $126.65 and lost $66.65 on it when I sold it for $60. I learned I did not know enough about the bike when I bought it. The research I did lead me to believe I could have sold it for over $400. I learned more about Fuji Roubiax bikes, and would not make the same mistake around the year the bike was built again. I’ll take more larger shots as I go to increase the average profit per item. I’ll certainly make mistakes by not understanding items I buy again. I enjoy trying to find out the larger items.
Lower priced items are very easy to find to make an average of $5 per item. This is not a great way to spend a lot of time though with the amount of capital I have in changejarflip. It also makes flipping a situation where I have to continue to learn more about items. The other way I am focusing is by making sure to scout the items I’m buying more with the sales price I want to correlate to the higher profit point.
I sold the gold pendant I bought and lost $49 on it. I made a mistake because this is a gamble more on the price of gold going up instead of a solid flip when I bought.
Current Inventory
I have 454 items and a total cost for these items of $2739.16. Lots of clothing and four items over $120 each. The large items are a lawnmower, guitar, mixer, and computer. Total for the four largest items is $677.00. 420 items under $10.00.
Stock Buys and Sales
I bought five more shares of Verizon on 12/16/25. I continued to reinvest dividends.
I sold all of my shares of REFI, Chicago Atlantic Real Estate Finance. The reason I sold was the company has continued to issue more shares. This is putting downward pressure on the earnings per share and I believe will lead to a reduction in the dividend amount per quarter. I do not see a way they are going to increase the amount of earning per share that equates to the number of shares they are issuing. There would need to be a revenue increase in line with these shares to be issued.
I had spent $1,117.01 on this and lost $52.71. I would have continued to hold this if they were not increasing the share size.
I have $221.43 in dividends a year right now.
I’m not going to update the sales and purchases table this update.
