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Originally Posted by fmc123412
I am with trying to answer a very difficult question. And I would appreciate if anybody gives me a good insight!
I am 24 yo, and I was offered to enter in a partnership on buying a race horse here in Brazil.
The horse is a claimer (this means, probably, that he will win nothing at all!).
Would you enter on this partnership if your monthly spents will be 10% of your salary?!!? The horse price is 20% of my monthly salary.
Assume that the horse is on good conditions and the trainer is not trying to sheat me!
Moreover, I intend to sell the horse in one year and buy an unraced colt/filly next year...this first year is just to get experienced.
Thank you!
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If you are 25 years old, have no debt, no dependents and feel confident about your financial future.... yes.
If you are 65 years old, have no dependents and a funded retirement, ... yes.
Anything in-between, no.
Just an opinion.