MyRacehorse.com
My Five Percent Ownership
Recently, I joined up with two other investors to buy a race horse. I provided 1,000 dollars for 5 percent while they covered the rest of the cost. We had her run twice in 15 days, once at Pimlico, where she won, and 15 days later at Monmouth, where she finished second. Unfortunately, we sold the horse in a private sale-the price was right. Now, I have an owner's license in Maryland and New Jersey but no horse.
I Need Another Horse
I thought about buying in on small time trainer in PA, Justafarm.com Then, I looked into West Point Thoroughbreds (probably my goal ), but I cannot afford 5 -7 thousand plus monthly fees, at least not yet.
So, I decided not to wait for another horse and jumped in on buying micro-shares from Myracehorse.com You may not remember, but Authentic, winner of the Kentucky Derby and Breeders' Cup Classic last year, was own by numerous people who bought micro-shares in the horse.
Myracehorse.com offers a lottery for paddock privileges and if you are in the lottery, you can join in the winner's circle for a picture even if you do not win the paddock lottery.
Micro-shares allowed me to buy a piece of three horses, one trained by Christophe Clement (Miss Sakamoto) and two horses trained by Bill Mott (Magical Ways and Courtisane 19) - two of the best and most honest trainers in the training business. Without the micro-shares, i would not be able to afford Clement and Mott Horses.
(Pictures from Myracehorse.com)
I hope to attend a few Myracehorse.com events and even see the three horses race -- it would be great to see the three horses in Saratoga this summer or even Belmont in the Fall. It will be even better if one of the horses wins at Saratoga, and I can be in the Winner's Circle.
(Pictures from myracehorse.com)
I intend to blog about my experience with the horses and experience with Myracehorse.com. They offer barn tours by making an appointment with a racehorse owner concierge., and other events:
An Event on June 25th at Spendthrift Farm in Kentucky:
This 60+minute experience includes a tour through Spendthrift Farm, which is located in an idyllic, verdant setting in Lexington, Kentucky. Guests will have the opportunity to see AUTHENTIC, whose string of 2020 victories includes the Kentucky Derby, Breeders Cup Classic, and Horse of the Year. The tour ends at Silver Springs Farm where guests will see other horses from the MyRacehorse stable. Don’t miss out on this special opportunity!
AUTHENTIC shareholders receive one (1) free tour and may bring one (1) guest. Admission for guests (e.g., spouses, other family members & friends) is $23 per person. Children ages 17 and under receive free admission.
Please join the lottery below if you have any interest in attending on Friday, June 25th at 1:00 pm ET. Winners will be randomly selected on Friday, June 11th at 4 PM ET. All entrants will be notified Saturday of the results, and a separate email will be sent with additional tour day details. Since space is limited, please only register if you plan to attend should you be randomly selected.
Buying a Racehorse on Myracehorse.com
So far, the buying of the micro-share was easy.
Visit Myracehorse.com, create an account, choose buy for the horse you wish to purchase a share, and pay by ACH (Credit Cards have a 3.5 percent fee).
You can choose from .1 percent share and up to 10 percent. IT'S A ONE TIME FEE and USUALLY UNDER 100.00 FOR A SINGLE SHARE. NO MONTHLY COSTS, BUT NO MONEY FOR BREEDING,
After the purchase, you can log in to see videos and receive updates as well as follow the horses on the Myracehorse.com Facebook page - micro-share members only access - you will be provided a link with your purchase.
The micro-shares will not lead to comma money, but they will provide some added interest, potential winning and learning experiences.
Keep Learning!
The Principal
