By Hilly –
Having seen a fair few ads popping up lately promoting the buying of micro shares in horse ownership. With this being promoted as a cheap alternative to becoming involved in horse ownership, I thought I’d give my opinion.
I believe before diving into any type of horse ownership do your research. There is many options out there and one that will suit you better. If you ask me, the selling of micro shares is just a marketing ploy and money raising exercise.
A recent advertisement I saw was trying to sell one thousand micro shares in 10% of a horse. With all micro shares sold the 10% value was near doubled. Add the $54 per micro share management fee for the syndicator. You do the math. What a joke I say.
Then your share of prizemoney at 0.01% is literally a pittance and wouldn’t come close to even covering your initial outlay!
You can probably now gather I’m not a fan. I believe firstly come up with a budget, even gets some mates involved to lower the cost. There is more value in researching a trainer seeing what shares they have available, whether in buying a share usually 5% to 10% or more if you can afford it.
They may even have lease options which are good as there is no upfront cost. One of the best things being a horse owner is the race day experience. Being an owner is free entry to the members for the day. This is usually capped at 20 owners.
The same goes for owners names in the racebook. Make what is right for you, horse ownership can be alot of fun. Don’t go throwing you hard earned down the drain with no reward.
If you are interested in horse ownership with YTP send us an email!
Good Luck & Happy Punting!
Yeah The Punt 