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MyRacehorseUNVERIFIED PLATFORM
UNVERIFIED PLATFORM
MyRacehorse
Affordable Race Horse Ownership. Welcome to the future of horseracing, where you can legally buy shares in top racehorses.
UNVERIFIED PLATFORM
Highlights
-633.77%
Asset Class Return•30d
#8 Rank
In Sports Cards•30d
Invest from
$100
Overview
With MyRacehorse you can buy fractional shares of racehorses. If the horse you purchase is ultimately profitable—which is measured against the cost of purchasing the horse, training, and maintenance, and other costs associated with operating the horse series company—you can expect to receive a dividend. The price of a share includes a prepaid amount for the care and training of the horse. All horses listed on MyRacehorse undergo an exhaustive diligence process, that includes a veterinarian check, conformation assessment, and value assessment that includes pedigree analysis, race history, remaining conditions, and several other factors that determine the fair market value of a horse. Only horses that meet the vet, conformation, and value assessment requirements are eligible to be listed on MyRacehorse.
Things to Know
You make money on
Value + Dividends
Fees
0%
Min Investment
$100
Payout frequency
Quarterly
Term of investment
36+ months
Target Return
Varied
Liquidity
Moderate
Open to
All Investors
Mobile Application
No
Top Perks
Race winnings paid directly to your online account
Race Day Privileges
Excel at top level with minimal cost
Other ways to invest in Sports Cards
How you make money
Your horse company is a for-profit entity. If the horse is ultimately profitable—which is measured against the cost of purchasing the horse, training, and maintenance, and other costs associated with operating the horse series company—you can expect to receive a dividend. Whenever a horse races, its purse (minus expenses) will be used to top up the reserve account, which is what is used to pay for ongoing expenses like stables, training, vet bills, etc. If there’s money left over after filling the reserve, the extra will be distributed among shareholders. A detailed breakdown of how a purse is used will be posted in the update section for each race. In addition to having an equity interest in the horse, MyRacehorse offer regular updates on how your horse is doing, free backside tours, farm tours, and events during morning workouts so you can watch your horse and chat with the trainer. When the horse races, you can gain access to the Winner’s Circle and enter a raffle for paddock access. We also have premium (paid) events on race day including owner-exclusive parties.
How MyRacehorse makes money
There are never any mark-ups on the horse or their expenses, you pay exactly what we pay. There is a separate one time 15% diligence fee on a closed offering and a 10% fee of gross earnings that covers the ongoing management of the series.
Is it safe?
Horses are living, breathing, fragile animals and no guarantees can ever be made about the outcome of an investment in a racehorse. Most investments lose money, some break even, a few are profitable, and a select few are extremely profitable. We are here to provide a marketplace to make investing safe, secure and fun, but we are not removing the risk from racehorse ownership.
Established
2017
Country Available
US Only
Assets Managed
n/a
How You’re Taxed
Capital Gains
Income Tax
If you are investing on a sports card investment platform like Collectable, where you own a fraction of or a % of a card:
- Sale of card: If the card is sold, you receive the equivalent of a dividend. Your profits are then taxed as income.
- Secondary market: If you trade your shares on the secondary market, your profits are taxed as capital gains.
For those of you selling a sports card you purchased, card investments are classified as 'collectibles.' Gains on cards held for one year or less are taxed as ordinary income—the same tax treatment as short-term capital gains (STCGs). Gains on cards held more than one year are taxed as ordinary income, except the maximum tax rate is 28%
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