We no longer check to see whether Telegraph. To see our content at its best we recommend upgrading if you wish to continue using IE or using another browser such as Firefox, Safari or Google Chrome. But Mr Tindall is now looking far from stupid as his impulse purchase won last month's Welsh National. Owning a racehorse is not just for those who move in elevated social circles. There are around 8, racehorse owners in the UK, ranging from gentry to plumbers united in their love of the sport. But this is not an investment for the faint-hearted.

You are unlikely to make a fortune and could end up losing a huge amount of money. Racehorse owning is not a regulated investment: But if you want to combine fun with the remote possibility of making money, there are several ways to be a racehorse owner.

FSA mystery shop exposes banks' poor advice. Mike Tindall dreams of Grand National glory. It comes down to how much you want to invest, you can buy a whole horse or a share.

Owning outright can be a huge expense, with a racehorse costing from a few thousand to millions. Generally National Hunt horses are cheaper than flat racers. And there will also be race entry fees, veterinary costs and insurance.

Guineas are the traditional currency for selling horses: While sole ownership might be only for the richest, syndicates or partnerships are away to get into horse-racing for less. With these you get the fun bits of ownership — you can visit the training stables, watch your horse being exercised and discuss its future with your trainer as well as go into the parade ring when the horse races — without the six-figure investment.

The first racehorse syndicates were set up by Highclere Thoroughbred Racing 20 years ago and today, it's the largest manager of syndicates in Europe, with celebrity owners including Sir Alex Ferguson and Elizabeth Hurley.

How to invest in a racehorse - Telegraph

Highclere's managing director, Harry Herbert, said: For a fraction of the price it costs to own a racehorse outright, you get the same kind of experience that the Queen, the Aga Khan or Sheikh Mohammed has.

Indeed, Highclere's horses are selected by John Warren, the Queen's bloodstock buyer, and are placed with top trainers.

Buy a Share in a Racehorse

This invest dhaka stock market analysis the first-year cost: New syndicates come up in June and are fully subscribed quickly. After three years, the horses in the syndicate are usually sold often to continue their racing careers in Hong Kong or Dubai.

Then the syndicate is wound up and shareholders are paid out. If the horse has sold for more than it was bought for and has won races, they may buying shares racehorse back more than they invested.

But this is rare. National Hunt racing is a lower-cost alternative to flat racing. The horses are cheaper — males are usually gelded so there's no chance of selling on to stud — but the prize money is also lower. Mr Brown said his owners range from company directors to plumbers.

I just tell them it's not for them. My owners do it because they love the sport. You don't join a golf club because you think you'll win the US Open, and you don't buy racehorses to make money. Racing is totally openttd make money fast — but it's a lot more expensive than Class A buying shares racehorse. Prizes at racing are tax free but if you buy into a syndicate and walgreens pharmacist stock options out at a loss, you can't offset that against capital gains tax.

One of the cheapest ways to get a feel of what it is to own a horse is a racing club. Members of the club are not owners of any part of a racehorse. Elite currently has 18 horses in training and 10 brood mares. Prize money is distributed among members but the club keeps any profits from selling the horses.

Members pay their own costs of going to the races. A spokesman for Elite said that members "are people who are looking for an interest to enhance their hobby. One documentum work from home jobs the conditions of membership is that it is not an investment opportunity. Returns on prize money are very low and always will be unless a horse wins how to trade in stocks original 1940 edition exceptionally large sum.

Find out how to invest in recovery with this free guide. Help protect yourself from Identity Fraud with CreditExpert. The best way to transfer money overseas. Howard Marks, an Oxford University graduate turned drug smuggler, made millions. Now he eagerly awaits royalty cheques. Paul Daniels wasted too much on Ferraris but has made a fortune on his home - despite the flood. Following George Osborne's announcement of the Budget, The Telegraph looks at the numbers on the UK's economy and financial health.

George Osborne should simply abandon changes that will reduce incentives to save and create yet more uncertainty. A light-hearted quiz about the gaping maw of financial misery that perpetually threatens to devour us all. Accessibility links Skip to article Skip to navigation. Monday 19 June Andrew Oxlade Time to panic?

No, follow the investment rulebook. Kyle Caldwell My five investment resolutions for Richard Evans Bank security: James Anderson This is why I'm worried for investors in the FTSE Zara Phillips called husband Mike Tindall an "idiot" for investing in a racehorse While sole ownership might be only for the richest, syndicates or partnerships are away to get into horse-racing for less.

Money A2Z

How to own a racehorse One of the cheapest ways to get a feel of what it is to own a horse is a racing club. The kitchen coup — how cash shifted the balance of power over household chores. The inspector calls — and house prices jump. How the Ofsted effect could add thousands to the value of your house or send it sliding.

George Osborne's speech in charts. Just stop tampering with pensions, Chancellor. How much should you be panicking about your finances? More people in their 70s in higher tax bracket than those in their thirties.

HOME Finance Financial Crisis Debt Crisis Live Markets Banks and Finance City Diary. Economics Transport Media and Telecoms Energy Retail News.

Personal Finance Your Business Investing Savings Student Finance Jobs Job Search. Companies China business Money Deals Money Transfers Comment Alex Find an IFA. Contact us Privacy and Cookies Advertising Fantasy Football Tickets Announcements Reader Prints.

Follow Us Apps Epaper Expat Promotions Subscriber Syndication.