Quote:
Originally Posted by Kasept
How did you derive that (inflated) number?
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Well I think about it as such the generic stuff is easy to figure. BUT you layout 600k for 6 months it costs money regardless if it comes from your checking account or you borrow it. Plus on a 600k horse that you are hoping to sell for 700 plus there is 70k in absolute expense at a minimum. I actually think my example is fair. 70+ in commissions, 30k training/vetting/transporation, and conservatively 20k in borrowing or income loss expense. As such you buy a yearling for 600k with the goal of selling that horse as a 2 year old in training you had better get 750+ to basically break even. Tough way to make a living.