Good Lifestyle

You do not need to be from the royalty to buy in the "sport of kings". Indeed, stables have begun to offer multi-owner partnerships. An initial investment of $ 25,000 will usually get you (or your group of friends) a 25% interest in a quality competitor. "The former President of Dow Chemical has a part in every horse of our stable," says Campbell, president of Dogwood Stable, a high ranking stable in South Carolina. "And the leader of prudential belonged to a horse named Smok'n Frolic, who earned about $ 1.5 million in three years."

A racehorse may seem like a luxury, but like everything else nowadays, you can be found at a steep discount. To choose a winner, manage a famous professional stable that buys yearlings; To find a stable near you, contact theAssociation of owners and pure blood breeders or theAmerican Council of Horses. Most stables send you a horse brochure. Despite what you could imagine, buying a racehorse is a bit like buying a new car, and there is no reason to send a veterinarian to examine your Storial (quality stables have streamlined the process. veterinary verification to facilitate the burden of purchase). As with any great investment, you will sign a legal agreement. Then you will complete a license in the state where you will run (the stable also provides this at no additional cost).

Next: Take advantage of the trip. The average horse works 10 times a year. You and your brood will receive a free entrance to the box of the stables, meet the jockey and the coach and will you spend on your horse in the paddock before the race.

Best life no-obvious: Stable owners generally estimate that only 33% of horses earn money. The good news is that you can generate expenses on your taxes. It is therefore an interesting investment, even if you do not earn. "Horse races are not for widows and orphans," Campbell said, "but it's the most exciting in the world."