If your accountant suggests you need to investment some of your income, and you are an adventurous sort, you might consider checking out purchasing thoroughbred racing horses. Not only is the pastime of racing fun, exciting, and exhilarating, but if you approach it as a business rather than a hobby, you may be able to use the yearly expenses as a tax write off. Buying a thoroughbred outright can be an enormous investment potentially involving millions of dollars. An option for many are the race horse partnerships available.
Even if you only own a percentage of a thoroughbred, you will probably end up making a substantial investment. You want to go into partnership with people who have past experience in this business. If you have never purchased this type of animal, you need to work with others who have. Picking a world class racing thoroughbred requires knowledge and good instincts.
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.
Businesses have to be successful to be viable. You will need a partner who has a proven track record when it comes to spotting a talented young foal with the heart to become championship stock. Not only do you want to experience winning races, you should have a goal of getting your investment onto the most prestigious tracks globally.
When you are discussing a business arrangement with potential partners, you should feel that their first priorities are the horses they own. Animals that are not trained, housed, fed, and nurtured with care will not become steady winners. The health and well being of the animals must be foremost in the minds and decisions of the partnership.
As one of the money partners, you won't have the responsibility of handling the daily business operations. One of the best parts of your partnership will be access to behind the scene track experiences, auction events, and having a bird's eye view of stable life. Most jockeys, trainers, and groomers enjoy the occasional company of business partners.
Some of the other benefits you can depend on when you become a money partner are preferred track seating and paddock passes. You will be invited to share in the glory of the winner's circle on the occasions your thoroughbred claims first prize. Most partners now have online portal access to privileged information about their horse's training, race placement, and health.
Horse racing is the sport of kings. You will probably feel like royalty as you watch your very own thoroughbred cross over the finish line first. For most partners, this is one investment that is much more than just a line item on a balance sheet.
Even if you only own a percentage of a thoroughbred, you will probably end up making a substantial investment. You want to go into partnership with people who have past experience in this business. If you have never purchased this type of animal, you need to work with others who have. Picking a world class racing thoroughbred requires knowledge and good instincts.
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.
Businesses have to be successful to be viable. You will need a partner who has a proven track record when it comes to spotting a talented young foal with the heart to become championship stock. Not only do you want to experience winning races, you should have a goal of getting your investment onto the most prestigious tracks globally.
When you are discussing a business arrangement with potential partners, you should feel that their first priorities are the horses they own. Animals that are not trained, housed, fed, and nurtured with care will not become steady winners. The health and well being of the animals must be foremost in the minds and decisions of the partnership.
As one of the money partners, you won't have the responsibility of handling the daily business operations. One of the best parts of your partnership will be access to behind the scene track experiences, auction events, and having a bird's eye view of stable life. Most jockeys, trainers, and groomers enjoy the occasional company of business partners.
Some of the other benefits you can depend on when you become a money partner are preferred track seating and paddock passes. You will be invited to share in the glory of the winner's circle on the occasions your thoroughbred claims first prize. Most partners now have online portal access to privileged information about their horse's training, race placement, and health.
Horse racing is the sport of kings. You will probably feel like royalty as you watch your very own thoroughbred cross over the finish line first. For most partners, this is one investment that is much more than just a line item on a balance sheet.
About the Author:
Find out about the best race horse partnerships by touring our official website right now. To know more about our available horses and to check out our image gallery, use the links at http://www.mogerracing.com .
EmoticonEmoticon