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Most of the fractional owners lose less money than most of the degenerate gamblers posting on this topic. Who's the fuckin idiot now? My kid is having the time of his life and it's cost me a little change. It's an experience. You sumbitches will complain about anything positive in the industry.
Just took a screen shot of your post then when the other shoe falls and all the investors get fucked I'll bring this back up you sumbitch.
The stable is individual horses not a combined business, so only a percentage of the horses will profit. You guys are judging the whole stable which everyone knows does not profit for everyone. So you guys are beating the thing up knowing that’s not what he’s selling(hope some of you idiots know this). He buys 60 yearlings a year or so how many make profit anyways? Should have run it as a full business with stock purchase on the whole stable and bought some raceway horses first then babies. Otherwise just a few will profit in some horses. Great concept except each horse is a individual stable, a few get lucky and rest hope to get the next one.
PurpleSo what is best for the owners? They buy into some of the slugs then what do you want him to Amish or sell the horses for crap and say hey sorry this one won’t do? If he does that than everyone will bitch even more.When people buy babies they are buying a dream so do make a stake race and some are just raceway horses. That’s why most big stables race horses and buy babies on top of that. You can’t do that when you buy only babies and give people a choice of buying into 1 or 2 only. There is no revenue to support the babies in training from raceway stock. So complaining is stupid because you should know that your buying a dream that most don’t pan out. Plus your buying babies against way more accomplished stables that have raceway horses supporting the baby bills.
Purple You didn’t buy into a maiden pacer, did you?You bought into a yearling with stake potential!6k for 100 people that’s like $60 each.
it wasnt the training down bills. it was the racing bills of 6k a month. for a maiden pacer
If the horses bill for the month was 6k and you owned 25% your end of the bill was 1,500 if I'm not mistaken, correct me if I'm wrong.