It is the dream of many racing enthusiasts to own a racehorse. The problem with buying a racehorse is that it is very expensive. It is not uncommon for the thoroughbred horses to sell for more than a million dollars. This makes it impossible for anyone but the very rich to buy a racehorse outright. However, there are other methods of investing in racehorses. Some of these methods are very affordable.
A new development in the racing world has allowed average people to invest in racehorses. Companies have created large scale investing groups. They sell shares to individual investors for as little as twenty dollars. The group might own several horses. These new groups function in a similar way to a traditional mutual fund. An investor purchases a share and receives a return on their money when the horses win a race.
The barrier to entry is much lower. There is a huge population of people who enjoy horse racing. The average horse racing enthusiast will spend most of their time at the track or the bookmaker. They love racing, but up until now they have not had the ability to get in on the action of ownership. Now they can.
If you are seriously interested in buying a share in a racehorse, then look at the different options available to you. Do you have tens of thousands of dollars to invest? If not, then you’re best option is to find an investment group that is open to small investors. The added benefit to investing in a large fund is that you won’ have to get involved in the bothersome details such as trainers fees and stable fees.
People who are involved in small investors groups that only have a limited number of members will often times have to get involved in the paperwork and billing. This is the advantage of buying into a large investing group. They handle all of the paperwork. This will allow the investor to spend more time at the bookmaker and watching the race.