101 of buying a racehorse.???

Frodo Wrote:

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> Flash Harry Wrote:
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> > boys take this from some one who "invest"
> millions
> > over many year in race horse. take the number
> of
> > grade races in south africa. divide by total
> > number then divide by half to allow for
> multiple
> > winners. that fraction of 1 percent is the
> chance
> > you have to own a horse who will fill your
> dream.
> > dont you worry about breeder and trainer who
> fill
> > your head with bull shit, they have the
> ulterior
> > motive, after all they make the money even if
> you
> > have the donkey. owning race horse is the
> vanity
> > for the ego i dont care who tell you " leading
> the
> > winner in is the greatest feeling you will
> have".
> > this is bull shit you think it is greatest
> feeling
> > because this is what is told you and your ego
> is
> > now stoked. when you do the sums of buying
> horse,
> > trainer fee, vet fee all the other costs, you
> will
> > soon realise it is the stupidity to buy a race
> > horse. take the best advice you will ever get
> and
> > never buy a horse. let any one who has the
> horse
> > hear come and tell me they made money owning
> > horses over any period longer than the 3 years
> > and i will say they are the liar. this game is
> > sold to you as the dream when it is simply
> those
> > that make money out of you that tell the story.
>
>
> I think you are generalizing a bit - some of 'us'
> have been lucky enough to be in front (10 years in
> my case) - have to admit it was one horse that did
> the bussiness - but I was also 'lucky' enough to
> sort of break square on most of the others - I
> would advise anyone who has the financial ability
> and the love for the game to try it out - as long
> as you 'treat it as a hobby' and don't go
> overboard, I can't see the problem?

frodo I think you one of very few ( i will love to audit how you do this ) and you say you have 1 horse that make you break even. what is story with out these horse? easily 90 per cent plus are not in front i think probably 95 per cent is easy more likely. that dont make this the generalisation imvho good luck to people who want to spend money on horse. if you now you have less than 5 per cent chance of make a break even why would you do this? dreams? ego? vanity? is like i say, the sum dont work out. and yes, i am guilty of falling in to these trap my self is why i can say what i say today

Flash Harry Wrote:

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> sugahorse Wrote:
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>

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> > Leading a winner in is an amazing feeling.
> Racing
> > needs to been as a hobby, with no expectations
> of
> > making a profit, or even to cover costs. Be
> > prepared to write off the monthly costs
> entirely.
> >
> > But let's not forget that if we do not have
> > owners, there is also no racing. Unless punters
> > are prepared to punt on virtual horses that
> cost
> > us nothing monthly to feed.
>
> sugahorse this is also the mantra of most trainer
> who buy you the slow horse and the bull shit is
> expose. what i say is for the normal guy i think
> like most hear, owning the horse is the traumatic
> financial experience rather buy a tiny share or
> better still dont get involve

Flash, just wanted to thank you for the advice, I could have easily seen the bright light and gone in way over my head, but buying a small share was the best option for me. It is a long term investment or rather unvestment, so at least I will be able to afford my monthly keep now, and still have a small interest from an owners perspective whilst enjoying it and not hoping for a win to get me out of jail.

Good advice thanks!

All the best and enjoy the experience!

Anyone thinking about buying?

Bob you looking to get into one?

What about the hustlers can we buy shares and is it true or just a scam an how much to pay a month?

Rashid - I have shares in various horses with difference trainers - no scam in terms of monthly costs

What are the monthly cost

rashid Wrote:

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> What about the hustlers can we buy shares and is
> it true or just a scam an how much to pay a month?

whats hustlers?

hibernia Wrote:

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> rashid Wrote:
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>

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> > What about the hustlers can we buy shares and
> is
> > it true or just a scam an how much to pay a
> month?
>
> whats hustlers?

It means living hand to mouth

Neven777 Wrote:

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> Rashid - I have shares in various horses with
> difference trainers - no scam in terms of monthly
> costs

What are the monthly costs

rashid Wrote:

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> hibernia Wrote:
>

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>

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> > rashid Wrote:
> >
>

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>
> >

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> > > What about the hustlers can we buy shares
> and
> > is
> > > it true or just a scam an how much to pay a
> > month?
> >
> > whats hustlers?
>
> It means living hand to mouth

If you living hand to mouth the last thing you should be thinking about is getting involved in a share