Starting in the business

[fmc123412]

Originally Posted by dellinger63

Man I wouldn't go it alone at least not at the start. Find a partner that has already been in the business or a trainer that is willing to invest as they will teach you much more than any book can.
I've also heard from many owners that horseracing is a hobby and not a way to riches. All of the ones I know have seperate businesses that finance their hobby.
In Chicago our leading owner the last 3 years running has reported a net LOSS each year and 2 back he reported losses in excess of $1 million.
Now breeding and pinhooking are a different story.
Good Luck

Man,

I am taking this as a hobby, too! I have a full time work and I will not left this job in order to own horses...I will just try to make things right, in order to do the best job I can...I am willing to start breeding in the future, also...but this will depende on my success as as owner.

I tried a partner once....and this person gave up, when we were about to buy a claimer....here in my country (Brazil), there only very few people interested in the horse industry, like me....but I think its a growing industry...mainly because of exports to the US and Europe.

Now I decided to go for an unraced colt/filly.....I also dont know too much trainers...and the 1 or 2 I know are broken to enter in a partnership with me...

I dont know....i am thinking seriously about....but its a very difficult decision.

[Cajungator26]

Originally Posted by fmc123412

Man,

I am taking this as a hobby, too! I have a full time work and I will not left this job in order to own horses...I will just try to make things right, in order to do the best job I can...I am willing to start breeding in the future, also...but this will depende on my success as as owner.

I tried a partner once....and this person gave up, when we were about to buy a claimer....here in my country (Brazil), there only very few people interested in the horse industry, like me....but I think its a growing industry...mainly because of exports to the US and Europe.

Now I decided to go for an unraced colt/filly.....I also dont know too much trainers...and the 1 or 2 I know are broken to enter in a partnership with me...

I dont know....i am thinking seriously about....but its a very difficult decision.

Weren't you going to claim one soon?

[fmc123412]

Originally Posted by Cajungator26

Weren't you going to claim one soon?

Yes, you are right!

But the partner i had gave up because his wife decided they would better buy an apartment! :-)

So i decided to buy a horse in an auction...one that can, maybe, give me returns...not only expenses like a claimer...

[Cajungator26]

Originally Posted by fmc123412

Yes, you are right!

But the partner i had gave up because his wife decided they would better buy an apartment! :-)

So i decided to buy a horse in an auction...one that can, maybe, give me returns...not only expenses like a claimer...

Not all horses at auction are going to give you returns. You need to bring someone with you that knows horses... it's a huge guessing game a lot of times.