What would you do?

karenkarenn · Postby **karenkarenn** » Tue Jan 27, 2009 10:30 am

Hello out there I would like some advise, Dont care if its negative or postive... I can take it.
I have an opportunity that is passed to me here it is;

This lady that I know through a friend has a mare by the name of Indian Mare who was a runner and was layed off because of the owners.trainers lake of funds. The owner wanted to sell shares through co paying the training at 350 a month. I told her that I would and sent her the 350 dec.14 requesting what I was paying and pictures. It is now January 26th and no pictures, no itemized bill and I had to beg for a contract. She s been working out in a pen for 20 5 days a week.
I became irratated because I dont even know what this horse looked like, and 20 min a day in the trainer/owners backyard for 6 weeks, is nothing right? She would need some serious training besides this to get to the track?

Secondly I have an opportunity to buy 40 Share to Fade To Gold by Formal Gold. She is owned by the farm manager that is going to care of Deaconess when she gives birth. He wants 650 a month and 3000 down. He said that she will be training at Golden Gate, shipped out the end of January. Should I take this opportunity?
I wanted to start my experience like this to learn what not to do before my Stormy Jack colt/filly arrives.

madelyn · Postby **madelyn** » Tue Jan 27, 2009 11:26 am

There is no registered Thoroughbred named Indian Mare. Sounds like a pig in a poke to me and you got the shaft.

As to the other deal, right now you can probably find a decent two year old ready to break, etc., for $3K and own the whole horse. Breaking/early training can be had for $650-900 a month and you would have 100% of the horse.

njc2000 · Postby **njc2000** » Tue Jan 27, 2009 2:09 pm

Do you possibly mean Indian Mary? She ran at Grants Pass in Oregon last year. I actually like her sire's breeding- he is tucked away in the middle of nowhere and has very little on the ground- I think she is the only one who has made it to the races.

karenkarenn · Postby **karenkarenn** » Tue Jan 27, 2009 3:13 pm

Yes its a type o Indian Mary is the mares name.
My hubby is really upset with what didnt happen, Pics details in the bill ect.
Karen

cng · Postby **cng** » Tue Jan 27, 2009 3:35 pm

I'd cut my losses and forget either one of the deals. The $350 your out would probably buy the mare outright. I see no value in the mare and as madlyn said the other one is no deal at all.

karenkarenn · Postby **karenkarenn** » Tue Jan 27, 2009 3:47 pm

Yeah I cut my loss with the Indian Mary today.
Okay as far as Fade to Gold idea.. What I wanted to do is get my feet wet not go swimming before my colt/filly comes. I wanted to experience it in a small way and not get slammed with so many bills, YET.
Any ideas.

cng · Postby **cng** » Tue Jan 27, 2009 4:09 pm

karenkarenn wrote:Yeah I cut my loss with the Indian Mary today.
Okay as far as Fade to Gold idea.. What I wanted to do is get my feet wet not go swimming before my colt/filly comes. I wanted to experience it in a small way and not get slammed with so many bills, YET.
Any ideas.

Got any freinds who would like to go in and claim one? No better, quicker, easier and cheaper way to become an owner. Your are right it is always better to share the risk.

karenkarenn · Postby **karenkarenn** » Tue Jan 27, 2009 5:57 pm

ageecee · Postby **ageecee** » Tue Jan 27, 2009 6:31 pm

[quote="karenkarenn"]No[/quote]

No you dont have any friends that want to claim or no you dont want to claim?

karenkarenn · Postby **karenkarenn** » Tue Jan 27, 2009 6:57 pm

No No

I dont have any friends in the Horse racing aspect of Claiming. As far as owners there is only the gentleman that Im taking my mare to.
Karen

ageecee · Postby **ageecee** » Tue Jan 27, 2009 7:10 pm

[quote="karenkarenn"]No No :lol:

I dont have any friends in the Horse racing aspect of Claiming. As far as owners there is only the gentleman that Im taking my mare to.
Karen[/quote]

Then go claim a horse by yourself and dont have any partners.

karenkarenn · Postby **karenkarenn** » Tue Jan 27, 2009 7:15 pm

Dont worry I have already tried that. Like I said before I just want to have a small ownership of a horse that someone else that I know and trust has the majority of it.

cng · Postby **cng** » Wed Jan 28, 2009 9:15 am

karenkarenn wrote:Dont worry I have already tried that. Like I said before I just want to have a small ownership of a horse that someone else that I know and trust has the majority of it.

Where do you want this horse to be? Since you are pretty much in the middle of nowhere as far as tracks. I'm sure there are plenty of people, especially breeders who would like to lessen their load. You need to target them. This is as good a place as any to start.

karenkarenn · Postby **karenkarenn** » Wed Jan 28, 2009 9:37 pm

Mainly California or even the fair circuits.
Karen