What would YOU do? Need investment advice/opinions

[habitat]

For the record, I've narrowed my focus to breeding partnerships.

Jim

Jimsocks,

I suspect you were there all along, but I am not as familiar with breeding partnerships as with other areas. As a contributor/investor in the partnership do you have any say/vote into the stallions selected or is there a fund manager so to speak that makes these decisions?

Not necessarily a question directed at Jimsocks, so anyone with knowledge wants to share......Thanks

[leveeguy]

A lot of good advice from everybody.

You might also want to take in one of the new owners seminars or breeding and pedigree clinics put together by the Thoroughbred Owners and Breeders Association.

They're usually scheduled around a major racing event or a sale -- so there's some fun involved as well a good educational experience.

http://www.toba.org/programs/seminars-and-clinics.aspx

[Pete]

Hi Jim,

Everything I wrote is in this thread except one PM that suggests editing the amount that you wanted to invest out of your post. I just offered help. No reply needed but why do you choose to insinuate anything else and insult me?

Your original post sounded like, “I’ve got a fistful of money and I intend to spend it”, (thus my PM). I see a lot of posts similar to yours, here and elsewhere, and they fall into three categories;

1 - Genuine interest, they’ll want contact and to pursue knowledge, (@5%)
2 - Pie in the sky but not ready, plausible or sincere, (@80%).
3 - A need to be affirmed (not the horse) or make a statement like I’m smarter, (etc.), (@15%).

I insist on a phone call to weed out type 2 and 3 people. Perhaps had you posted the link along with the direction that you were leaning people could have responded to your real interest. Good luck in whatever you choose.

Regards,

Pete

[Jimsocks]

Good luck to you as well, Pete. Thanks.

[TBLADY]

Partnerships...WHERE? ky? Ny? Fla? Cal? Pa? What state would you like to participate?

Many states have restrictions on mares residency and many offer very nice State stallion programs....if you are looking to breed then you need to look at all these states have to offer. La. is now one of the most attractive breedong programs in the U.S.

[clh]

Just another bit of info from someone who learned too late - if you go into a partnership with ANYONE make sure that the "agreement" is exactly what you need it to be. It can be quite costly to get out of a partnership that isn't working out to your satisfaction - and it can be quite costly to be in the partnership as well So be very careful who you chose to do business with in a partnership.

[hpkingjr]

I have enjoyed the insights on this thread. My guess is that Jim is not ready to invest just yet. All the good breeding partnerships are formed in the fall or winter with the thought of an early cover and a commercial foal.

To my knowledge you are 6 months from a viable, attractive deal. No one says "it's mid-May let's look for a mare and stallion." Do your homework and pull the trigger this fall or early winter. You would be looking at 2009 before you would have a shot at any return on investment. Not a quick buck to say it mildly. I agree with Pete's points.

[TBLADY]

Jim if you want to breed I have a very nice mare who just retired from racing...racewinner X Tobasco Cat. 1/2 sister to 3 stakes horses. Including a 1/2 brother X LOST CODE who has amassed 14 wins! Priced reasonably, breed this yr yet or start early next...Can be vetted.

email me directly for her catalog page and price!


[email protected]

[Mac]

Jimsocks,

I am new to breeding and new to the forum also. So far, I am having a blast. My goal is to get a major grade one winner in spite of a beer budget (like a lot of us - grin). Up until now I have purchased two mares, both under $5k, and one reason that drew me to these mares was the hope that stallion farms would give them a break based on the mares' race or produce records, and that did help me afford a couple of stallion options I could not have otherwise afforded. I have already gotten one foal, and the mares are re-bred now. I am using a boarding farm that has a good reputation for raising graded stakes winners, meaning they must be doing something right. Eventually there will be the "trainer" selection process, but I hope to go with someone who has a good track record of getting horses to the big-leagues and keeping most of them sound. I did not initially seek partners because I wanted to learn more about what I was doing. But eventually I want to buy a few more mares, and at some point I'd love a 50-50 partnership on some of them, just to afford more and spread the fun out.

Whether you go it alone or get into a partnership, I hope you will enjoy the process as much as I have.