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Thursday, January 24, 2008

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Posted By on Thu, Jan 24, 2008 at 4:36 PM

With all the trouble on Wall Street, I like to diversify my portfolio as much as possible – durable goods, technology, some pharmaceutical companies, and right-handed relievers. Yeah, that’s right. You can invest money in baseball players. A company called Real Sports Investment sells shares of players’ future earnings, and their latest offering is Randy Newsom, a 25 year-old relief pitcher in the Tribe’s farm system who split time last season between Single-A Kingston and Double-A Akron, where he went 4-1 with a 3.12 ERA in 47 games. RSI is offering shares 2,500 shares at $20 a piece for four percent of Newsom’s future major league salary, should he make it there. Each share would be worth .0016 percent, and according to their site Newsom would have to make $1.25 million over the course of a major league career for you to break even for your $20 investment. Such creative investment is like collecting baseball cards, but instead of holding a piece of cardboard, you’re holding a piece of the player’s soul and pocketbook. Unfortunately, like baseball cards, your $20 investment in a minor league baseball player will probably be worth all of $1 in a few years.
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