Re: [RC] horse buying/selling, making money - Truman Prevatt
You should tell him he should try to sell the sailboat for what he has
in it - talk about a black hole for dollar bills.
Truman
Ed Kilpatrick wrote:
here is one thing to think about when you are figuring out how
much money you put into raising horses to sell. i know some of you
wont agree with me on this point, but it makes sense to me. if feed
and vet bills are costs, stud fees and mare maintenance are costs,
fine, but dont forget to factor in the benefits. you get to ride the
horse and use it, so you have to allow for that. dont know exactly how
much you want to figure in for that, but i would say that if you are
claiming $5000 in expenses for a horse that you have trained to ride
and is old enough to sell, back out, oh, lets say $1500 worth of
enjoyment that you got out of the horse during the time you were
raising it, riding it and playing. sell the horse for $3500, and be
glad that you did someone a good turn. put the $3500 into your farm
account and spend it as you please.
a friend of mine bought a horse for $1200. kept it two
years, paid for training, board and feed, had to have corrective
shoeing done. got a sailboat and a different girlfriend and hasnt
ridden the horse but once or twice, now wants to sell him, for $2500.
says he just wants to get his money back. i told him, if you just want
your money back, try to get the $1200, the rest is on you. he doesnt
understand. ed
-- "It is necessary to be noble, and yet take humility as a basis
"It
is necessary to be noble, and yet
take humility as a basis.
It is necessary
to be exalted, and yet take modesty as a foundation."
