Don’t know what to get that special someone for the holidays?
Not to worry.
I’m about to tell you about an insanely unique gift idea.
Not only could it warm the heart of someone you love…
But it could also put some extra cash in their pocket!
And They’re Off!
To give you a hint about the gift I’m referring to, let me give you a quick history of a sport you may have heard about, but most likely haven’t participated in directly:
I’m talking about horse racing. (You’ll understand why this is relevant in a moment.)
Horse racing is one of the oldest sports in the world.
It goes back at least to the Olympic Games in Greece, around 700 B.C., where “jockeys” would ride in chariots pulled by horses.
Then came Harness racing, where horses would pull a two-wheeled cart called a “sulky.”
And then came modern “Flat” racing, where horses would run around a track, generally with a jockey astride them.
By the mid-1600s, Charles II of England established formal rules for racing — and perhaps even more importantly, he started rewarding the winners with prizes.
Today, horse racing is an enormously popular pastime:
It offers fast-paced action, socializing, cocktails… and of course, betting.
And given that significant money is involved — we’re talking about millions of dollars — it’s not surprising that some folks have turned it into a real business…
Introducing: Little Red Feather
One of those businesses is a California-based Racing Club called the Little Red Feather (LRF).
LRF was established in 2002, and burst onto the scene in 2004, when its horse Singletary won the $1.5 million Breeders’ Cup Mile.
In the years since, LRF horses have won 223 races, and raked in $13,571,540 in prize money.
Recently, with a stable that includes Midnight Storm, Chati’s on Top, and Sheer Pleasure, LRF has enjoyed the best 18 months in its history:
43 wins from 192 starts and over $3 million in gross purses.
And now, LRF is giving you (or your special someone) the chance to get in on the action…
The LRF Thoroughbred Fund
You see, LRF is raising $500,000 from investors like you so it can buy up to six new thoroughbreds.
These thoroughbreds will be trained by LRF, then they’ll race at Santa Anita Park and Del Mar, California. They might even make it to the Kentucky Derby.
The minimum investment is $500. In exchange, you’ll own a pro-rata percentage of the Fund, and thus, a pro-rata percentage of each horse.
In addition to equity ownership, investors receive all the perks of being "inside the clubhouse." These perks include box seats to fund races, visits to the horses in their barn, and invitations to partake in morning workouts.
And once you invest, there are no further costs — in other words, you’re not responsible for any of the costs of training, traveling or operations.
More About the Investment
Investors in LFR make money in two ways:
First, they make money if the horses from this fund win races.
And secondly, they make money if, in the future, one of the horses is bought by someone else. (In 2014, for example, LRF sold one of its thoroughbreds, Egg Drop, for $1.9 million.)
When purse monies are earned, or when a horse is sold, funds will be distributed to investors and/or used to acquire additional horses.
Buyer (or Gift Giver) Beware!
Potentially you could make some money here…. but as LRF has explained:
“This is a high risk high reward investment. LRF sold a horse at auction for $1,900,000 that originally cost its partners $95,000. LRF has also purchased a horse that unfortunately never ran.”
So there you have it:
As an investment, this is one of those cases where you might make a few bucks or you might lose a few bucks… but you’ll definitely have a blast.
So if you’re looking for a unique gift for an animal lover — or a gambler — this could be it!
For more information about Little Red Feather, click here »
Please note: Crowdability has no relationship with LRF, or with any of the companies or platforms we write about. Crowdability is an independent provider of education, information and research on start-ups and alternative investments.