Reality

Below are the 14 horses that Myracehorse.com put together two years ago and sold micro-shares. I “invested” $50.

The results are a little scary. They bought over $3,000,000 of horses and have won about $500,000 in purse money. A very rough estimate of training expenses would be 13 horses x 18 months x $4,000/month = about $1,000,000

Provocateur might still be a good horse, and a few have yet to run. There are 3 that might be solid allowance horses, but 8 are complete washouts. It is too early to pass final judgement, but the early lean is toward “disaster”

This was paying $250,000 -$300,000 on average for yearlings two years ago. The reality of these selections must be evaluated carefully. This was a portfolio of nice horses.

Why would anyone in their right mind think they can buy successful yearlings for $50,000-$100,000?

  1. A Mo Reay – f – Uncle Mo, $400,000, Pletcher, MSW winner at AQU, and an allowance race at LRL, has won $151,000
  2. Above Suspicion – f – Honor Code, $210,000, G. Mandella, not yet racing, 4 works at SA
  3. Can’t Hush This – c – Not This Time, $220,000, Amoss, has run poorly is 3 MSW, winnings $4,000
  4. Dolce Notte – f – Bernardini, $180,000, Mott, has not raced, or worked
  5. Frosted Oats – c – Frosted, $250,000, Mott, 2nd in MSW at BEL, winnings $48,000
  6. Inalattetrouble – f – Into Mischief , $195,000, Stall, not working, never raced
  7. Infinite Empire – f – Empire Maker, $360,000. Baffert, one start $14,000, out 8 months, working at SA
  8. Lookwhogotlucky – c – Lookin for Lucky, $115,000, Asmussen, 4 starts, 4th in a $25,000 MC in Houston, won a $7,500 MC at LS, has won $11,000
  9. Man Among Men – c – War Front, $360,000, G. Mandella, has not raced yet, 6 works at SA
  10. Provocateur – c – Into Mischief – $600,000, Pletcher, 2nd in the Pasco at TB, has earned $160,000, 3rd in the Woody Stephens
  11. Quantum Theory – c – Connect – $50,000, Clement, won a MC at GP, has won $34,000, ran for a $40,000 tag
  12. Sacred Beauty – f – Classic Empire, $80,000, Blacker, won a $8,000 MC at GG, claimed for $16,000, has become decent stater allowance horse for new owner
  13. Sixtythreecaliber – f – Gun Runner, $250,000, Amoss, has won a MSW and Allowance race at Indiana, winnings, $42,000
  14. Kantharos (died in training accident)

Myracehorse.com has done a nice job of communicating and it has been my fault for not reading all the e-mails. It was $50 well spent to watch this group.

I would rather not get in the middle of the Authentic/Myracehose controversy. Other sites have done enough to cover those issues.

Myracehorse.com has slowed their purchases since Mr. Hughes passed away in August 2021.

Published by Gregg Jahnke

I was a professional investor for over 30 years. Now I spend my time trying to pick horses rather than stocks.

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