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Sports General Discussion
Reply to "Do you need to feel better about travel sports costs?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If only! Horses are money pits, but the best kind.[/quote] I believe a trained competition horse is worth a lot of money, so if you are able to be the one to train that horse then it can pay off. I gather if you purchase an already trained horse then you have already paid for the appreciation.[/quote] If you are a great trainer and you don’t mind dumping/euthanizing the ones that don’t work out, you might bat .250 developing young horses for profit. But most people who make money buying and selling horses do it by bringing them to a market where they will be worth more (eg importing them from Europe) or finding affluent clients and acting as their agent for a commission. Horses appreciating is an occasional perk for people who are in it for other reasons, not a business plan. [/quote]
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