Place your bets… On your mark, get set, go! Say a “Hail Mary,” and watch your investment rise (or crash) across the finish line. But instead of betting on the horses, take a chance on what’s inside of them. For some, horse investing can become a long-term investment.
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California Chrome has already paid off big for his two owners… Steve Coburn and Perry Martin invested $11,000 in breeding the racehorse, and now their prized possession is valued at over $6 million – a 545-fold return!
Here at Wall Street Daily, we like to highlight the next big stock that’s likely to reap huge gains. But truth be told, picking a potential race winner could be even riskier than finding the next “it” stock.
It’s Like Finding a Needle in a Haystack
In fact, of every 500 horses, only one wins the highest level races, according to Eric Bishop, General Manager for racehorse Frost Giant. Bishop, who’s also the General Manager of Sunrise Stables, argues that it’s more than just a science or an art… It really comes down to one thing: luck. And if you feel that Lady Luck is on your side, there are multiple ways to invest: sole ownership, partnership with another person, or syndicates (a group of investors).
It would cost the Average Joe an arm and a leg to invest in a multi-million-dollar sports team, but a racehorse will cost as little as a few thousand bucks. It’s much more feasible, almost like a mutual fund: Buy shares in the racehorse, and divide the winnings.
Cash Out = Pay Out
But the disbursements don’t stop there… Everyone wants a piece of the pie: the trainer, the jockey, the stable… All of that comes out of the owner’s pocket.
Consider this, too: Management fees run between $400 and $900, which are divvied amongst the syndicate members each month. And tack on another $4,000 monthly maintenance charge.
Whether you’re jump-starting your investment with a few thousand or a few mil, one thing’s for sure… research, trust and expertise are needed before buying a horse. That covers everything across the board, from the local horse association to finding reputable breeders.
Andy Jarrell, a horse owner and avid racing fan, suggests taking “somebody with you that knows what they are doing, knows horses… You should not go in blind or try to buy something just because you like the way the horse looks. You have to consider breeding.”
All in all, California Chrome is a true mark of success in the horse-investing world, but by no means is he the standard. Your horse doesn’t have to be cut from the same cloth to end the race like a winner.
Ahead of the tape,
Wall Street Daily Research Team