anyone ever own a race horse?

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  • aflex
    Confirmed User
    • Oct 2002
    • 3127
    #1

    anyone ever own a race horse?

    An older friend of mine owns a few horses and asked if I wanted to buy into one. So a few days ago, I bought in on a $6k horse, (I put 2k up) for 33% cut. Anyway he called me today and said someone offered 7500 for the horse and advised we sell it. I told him to go ahead and sell it, and I made a quick $500 (my 33% cut on 1500).

    My question is, is this a common practice for horses to be sold so easy/quick like this? I literally had a cut of this horse for 2 - 3 days. With this kind of return, I want to get in on this with more capital.

    Let me know any experiences. At this time, he is the only person I know in the business and I don't want to hear only his take on everything.
    self made mothafucka.

    buying premium domains & developed sites with revenue/traffic -> adaptweb at gmail.com
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    • KRL
      Entrepreneur
      • Oct 2002
      • 31429
      #2
      My brother-in-law manages the estate for a woman who is the heiress to the Dow Jones family fortune and she has a big horse breeding farm in Maryland.

      It really takes a big investment and a long time to get to the point where you can make serious money from stud fees and catching an exceptional horse.

      Most people I've known who got into race horse investing do it just for the prestige of saying they own a race horse. They usually don't turn out well as investments compared to other opportunities out there, unless you really know what you are doing, can afford a top trainer, and are lucky.
      Last edited by KRL; 10-29-2004, 11:24 PM.
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        • SleazyDream
          I'm here for SPORT
          • Jul 2001
          • 41470
          #3
          you can loose JUST as easily
          This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!

          Now read without the word dog.

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            • aflex
              Confirmed User
              • Oct 2002
              • 3127
              #4
              KRL, it definitely takes a lot of money to get big in it. I really do think it is a prestige thing, I loved having a horse for the past 2 days, LOL.

              I think I am gonna be humble about my profit and keep an ear open for other opportunities. $2k wont kill me at this type of return and at this pace.
              self made mothafucka.

              buying premium domains & developed sites with revenue/traffic -> adaptweb at gmail.com

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                • KRL
                  Entrepreneur
                  • Oct 2002
                  • 31429
                  #5
                  Originally posted by aflex
                  KRL, it definitely takes a lot of money to get big in it. I really do think it is a prestige thing, I loved having a horse for the past 2 days, LOL.

                  I think I am gonna be humble about my profit and keep an ear open for other opportunities. $2k wont kill me at this type of return and at this pace.
                  Read and Learn.

                  http://www.timoninc.com/equerry/
                  If you would like to develop your domains, you can lease inexpensive foreign labor
                  from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION!
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                    • aflex
                      Confirmed User
                      • Oct 2002
                      • 3127
                      #6
                      http://www.timoninc.com/equerry/html/ftho/eq_ftho.htm

                      awesome link, thanx again
                      self made mothafucka.

                      buying premium domains & developed sites with revenue/traffic -> adaptweb at gmail.com

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                        • KRL
                          Entrepreneur
                          • Oct 2002
                          • 31429
                          #7
                          Originally posted by aflex
                          http://www.timoninc.com/equerry/html/ftho/eq_ftho.htm

                          awesome link, thanx again
                          Welcome. One of the guys at her stables started that as an educational site for people looking to become horse enthusiasts. Got some good info.
                          If you would like to develop your domains, you can lease inexpensive foreign labor
                          from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION!
                          *** *** *** *** *** *** *** *** *** *** *** ***
                          Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

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                            • grumpy
                              Too lazy to set a custom title
                              • Jan 2002
                              • 9870
                              #8
                              cant be much for 6k
                              The cheapest i have is 46k
                              Dont get in horses of 6k unless you wanna eat it.
                              Don't let greediness blur your vision | You gotta let some shit slide
                              icq - 441-456-888

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                                • goBigtime
                                  Confirmed User
                                  • Nov 2002
                                  • 7761
                                  #9
                                  Originally posted by grumpy

                                  Dont get in horses of 6k unless you wanna eat it.
                                  The 6k? Or the horse?

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                                    • Mr.Soze
                                      Confirmed User
                                      • Apr 2002
                                      • 627
                                      #10
                                      I've had a couple of horses, my sister is really into it so she
                                      persuaded me to buy.
                                      I've always liked horse gambling, so that was the main reason I bought them.

                                      One did fairly good, but I didn't really make any money on it, more like break even.

                                      The other was a 1 year old, it got injured at 3, so we had to put it down. Got my money back on the insurance for that one.

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                                        • TheSaint
                                          Confirmed User
                                          • Jun 2003
                                          • 991
                                          #11
                                          Buddy of mine owned horses for 20 years, figured he had lost a total of about $400,000 during that time (winnings-expenses = 20K loss a year).

                                          he was glad to do at only loosing 20K a year.

                                          Then with one mare he made around $500,000 in 2 years, wiping out 20 years of losses.

                                          After that he went right back to loosing.
                                          I have no signature

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                                            • robfantasy
                                              Confirmed User
                                              • Jun 2002
                                              • 6445
                                              #12
                                              Originally posted by TheSaint
                                              Buddy of mine owned horses for 20 years, figured he had lost a total of about $400,000 during that time (winnings-expenses = 20K loss a year).

                                              he was glad to do at only loosing 20K a year.

                                              Then with one mare he made around $500,000 in 2 years, wiping out 20 years of losses.

                                              After that he went right back to loosing.
                                              what a rollercoaster ride into the shitter
                                              Looking to speak w/ high volume nutra CPA affiliates or networks... msg me

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