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I own about 400 domains.

I own about 400 domains. About 15 are top level domains. One thing most people who collect domains don't realize is that some companies charge low rates at first, but then jack up the price on the 2nd year renewal. Or they don't know that they can switch Registrars. I register all mine domains at www.uSAVEdomains.com.
Their rates stay about the same each year, plus their hosting rates are only like $5 per month. Collecting domains is expensive, but if you get the right ones it can make you a lot of money.

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