rabin (04/27/83)
Pat,
In response to your query -- A couple working for TRW are buying
horses ( young ones ), raising them, and approximately a year later
sell them at a higher price. The numbers I obtained from them indicate
a 20% to 50% return on your investment. They attempt to gaurantee you
at least a 10% return ( I am not sure of the exact contractual nature )
on your investment. They are doing it part time and "seem" to be doing
well. In the event they raise a "winner" they hope to either race
it or "stud" it for fees ( more income ). They would like to get
together 4-5 investors with $5,000 each, of which they'll match with
$1 for $1 with their own money in order to purchase more horses ( Of
course with their owning 50% of the shares in the horses they do have
control of the investment ). With approximately $50,000 they can
purchase 3 young horses ( some of the money goes to training, feed,
broker fees when selling, and some management fees ). The deal seems
not too risky ( better than buying gold ) and some substantial profits
and depreciation involved. If you have any questions, ask away.
Ilan Rabinowitz !decvax!trw-unix!rabin