Thursday, November 30, 2006

Interesting idea

Interesting… and a bad investment

Stocks, bonds or Steen? That’s a question that 19-year-old Ron Steen of Anaheim Hills,Calif., hopes investors will wrestle with.

In August, Steen put himself on eBay (Charts) to pay for his college education, offering 2 percent of all future earnings to the highest bidder, with a minimum $100,000 bid.

What with Steen having to average 1.5M/year until age 65 to match a 6% investment, I’m thinking he’s not going to have any takers. Bonus points for audacity, though.