MyRacehorse lets people who aren’t millionaires have a piece of the racehorse experience. And yes, it is an experience. Even the millionaires have horses need injury time off at times or have horses who don’t always meet expectation. That’s just part of the business. MRH is totally up front about what you get and that there are no guarantees, and there are no additional monthly fees after your first investment. Where else can you get a piece of a horse sired by a Triple Crown winner for $100? Most of the people complaining are complaining about not making money, but this is about the whole ownership experience. It is not an investment to make money; the great majority of racehorses across the board for anyone in the industry do not make money. And anybody complaining about Authentic didn’t read the paperwork thoroughly on that offering; it was very clear on the kickers that would be paid to former owners if he won the Derby or Breeders’ Cup, thereby taking those purses. The real value of that one offering, unlike most of theirs, is in the breeding career, and I’m confident that Authentic’s shareholders will come out on top in a few years. But with MRH, on my small budget, I have a graded stakes winner and a grade I stakes placed already. I have seen over a dozen races with “my” horses, some wins, lots of thrills. I’m happy, and they are very informative and patient and helpful.
