Moderated By: Charger -- (Not Moderated) -- Started: 4/25/1998 10:06:00 PM Revision History
I have been owning (in partnership with others) and racing horses for the past three years. They are gorgous talented animals. The horses I race run for big purses so the potential for gain justifies the risk. Is there risk? Yes, just like trading stock you have to be prepared to lose your entire investment, but "lose" (just like trading stocks) means taking a business loss as a passive investor (or active, if you so choose and qualify) and can be written off against gains.
It is fun being part of a group.....I have been in the Winners Circle with my Partnership horses a fair amount. Investments run from $1500 on up and cover all costs. As part of the group you get newsletters, photos of the horse, get to be part of decisions, get to be in the Jockey Club at any track where the horse is racing, get to be in the Winner's Circle (should a win occur) or receive a photo of your horse in the Winner's Circle if you cant be there, and you get to learn a lot about flat track racing in case you have not done this before.
Currently I am putting together a partnership on a Thoroughbred two-year old in training who is doing remarkabley well, Miswaki blood line. I have until mid May to excercise my option to purchase. If any are interested, kindly post or private message. |
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