If thoroughbred racing is something you have always enjoyed, you might consider becoming an active participant in the sport. This can be an especially good plan if your accountant decides you have income you need to invest. In order to take advantage of attractive tax benefits, you will have to treat the undertaking as a business and not a hobby. You are probably already aware of what kind of money is involved in the purchase of an up and coming equine champion. One way to offset the expense is to look into race horse partnerships with an experienced syndicate.
Even if you go into ownership with a number of partners, buying a promising racehorse can be a big investment. Before you decide who to partner with, you should take some things into consideration. First of all, especially if you are an amateur in the racing world, you need a partner with experience. All animals at this level are expensive, so you need someone who knows how to pick a world class champion.
The racing world is unique, and to be successful in it, you have to speak the language and understand the mentality that governs it. There are always politics going on behind the scenes. You need a partner who knows how the industry works. It is not enough to have a love of great horseflesh, racing, and high stakes speculation. If you are going to be successful, everyone making decisions needs to view your thoroughbred's career as big business.
No business can be successful without wins. If you are an amateur a horse racing, your partner has to be especially adept at picking young horses with talent and potential. Not all foals become champions, but industry professionals know how research backgrounds and have a sixth sense when it comes to untested colts. When you partner with one of these individuals, you can expect to see your investment racing at the highest levels.
Even though the racing industry places a premium on winning, you and any partner you choose, must put your thoroughbred's safety and contentment in the forefront. The most talented horses will not be able to give maximum performances without being in top health. The trainers, exercisers, and grooms all need to understand that the animal's well being is the number one priority.
Money partners normally have access to behind the scenes track experiences, auctions, and at the stable. They do not have responsibility for the day to day operations of the business however. Serious money partners often develop long term relationships with the trainers, jockeys, and stable employees.
As a partner you can expect paddock passes and preferred seating at the track. You will certainly join everyone in the winner's circle when your thoroughbred beats the competition. It has become customary for partners to have access to detailed information about their investment via website portals.
Racing is a sport that people have enjoyed for hundred of years. Not much can be better for track enthusiasts have owning a part of a winning thoroughbred. Shrewd partnerships are one way to make that happen.
Even if you go into ownership with a number of partners, buying a promising racehorse can be a big investment. Before you decide who to partner with, you should take some things into consideration. First of all, especially if you are an amateur in the racing world, you need a partner with experience. All animals at this level are expensive, so you need someone who knows how to pick a world class champion.
The racing world is unique, and to be successful in it, you have to speak the language and understand the mentality that governs it. There are always politics going on behind the scenes. You need a partner who knows how the industry works. It is not enough to have a love of great horseflesh, racing, and high stakes speculation. If you are going to be successful, everyone making decisions needs to view your thoroughbred's career as big business.
No business can be successful without wins. If you are an amateur a horse racing, your partner has to be especially adept at picking young horses with talent and potential. Not all foals become champions, but industry professionals know how research backgrounds and have a sixth sense when it comes to untested colts. When you partner with one of these individuals, you can expect to see your investment racing at the highest levels.
Even though the racing industry places a premium on winning, you and any partner you choose, must put your thoroughbred's safety and contentment in the forefront. The most talented horses will not be able to give maximum performances without being in top health. The trainers, exercisers, and grooms all need to understand that the animal's well being is the number one priority.
Money partners normally have access to behind the scenes track experiences, auctions, and at the stable. They do not have responsibility for the day to day operations of the business however. Serious money partners often develop long term relationships with the trainers, jockeys, and stable employees.
As a partner you can expect paddock passes and preferred seating at the track. You will certainly join everyone in the winner's circle when your thoroughbred beats the competition. It has become customary for partners to have access to detailed information about their investment via website portals.
Racing is a sport that people have enjoyed for hundred of years. Not much can be better for track enthusiasts have owning a part of a winning thoroughbred. Shrewd partnerships are one way to make that happen.
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