Buying horse share

[Fastback]

Been in a few syndicates purely for a learning experience and bit of fun.

The first one was 6 years ago.

- 5 horses with all expenses covered for 3 years.
- Total estimated cost was $900,000
- 900 Shares were offered at $1,000 each (I bought 2)
- Shareholders vote after 3 years to sell or buy in again.
- Fortunately there were surplus funds so no need to buy back in.

Since then

- 150 races 10 wins 20 placings (3 city meets)
- Of the original 5 horses, 2 have retired due to not being up to it, 1 never made the track due to injuries, 1 died, and one was a roarer after a promising start and had to retire. These were then sold or claimed on insurance.
- New horses were purchased and currently there are 8 in the stable (country class).

I receive 2 emails a week updating me on whats happening and which horses are ready to go in Sale next Wed...etc.

I've lost interest after 6 years as the novelty factor has worn off and the current crop of horses are downgrades and just a token exercise to appease the founding contributors. All good and the experience was worth it.

If I were to do it again and only wanted to spend $2k I'd buy a small % in one half decent horse.

 

[eastaugh36]

You just had to be from the city didn't you?

Your living in a fairy tale land expecting all horses to live until they die of natural causes, they are an animal and as such when they no longer have a use they will be put down.

That means all females that aren't considered good enough to breed from or are too old to breed from, all geldings that have finished up racing & stallions that don't go to stud for that matter will usually end up on a meat truck.

There is some market for them to be sold as riding horses, etc but with over 10000 race horses bred every year there simply isn't a home for them all.

Carry on being "sick" of heartless owners like me, out of 20 or so horses I have had just 1 end up on a meat truck after breaking its leg in a float while the rest have found new homes or remain here now.

No. I am not from the city. If you try to find good homes for your horses then good on you. Thats how owners should be. Its unfortunate that so many clowns come into it expecting to make money when we all know that its rare to make money out of it, those who really love the sport do it for their passion for racing and the love of the horse, not as a money making exercise.