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Minor Deity
Picture of Axtremus
posted
https://www.nytimes.com/2020/0...acehorse-invest.html

It seems like nowadays anyone can buy fractional shares of just about anything, collectibles, race horses, vintage cars, designer bags, etc.

It’s an “investment” world that seem all too risky to me.


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Posts: 11670 | Registered: 01 December 2006Reply With QuoteReport This Post
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fractional shares in, say, some very expensive and indivisible thing ... like an art work, for instance, is a way of laying OFF risk. You don't have to own the whole freakin' thing to participate in that market. Yes, investing in fractional art is riskier than investing in a CD or in a basic stock index. But high risk usually goes with high expected reward. So that kind of risk can be part of any well-balanced portfolio of assets.

Now, if you're plopping 80% of your assets in that kind of stuff you're playing with fire.
 
Posts: 9881 | Location: Williamsburg, VA | Registered: 19 July 2005Reply With QuoteReport This Post
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I was all set to point out that many (most?) of these things are securities or commodities, but then the article sort of beat me to it (without actually saying so).

quote:
each horse is part of an entity that has been registered with the Securities and Exchange Commission.


That said, race horse syndicates (which is really just another word for fractional ownership of a race horse) have been around for a very long time. Go watch the movie Secretariat. The main difference might be whether you're allowed to resell without the permission of the managing partner, or your fellow investors.
 
Posts: 44378 | Registered: 20 April 2005Reply With QuoteReport This Post
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quote:
Originally posted by Piano*Dad:
fractional shares in, say, some very expensive and indivisible thing ... like an art work, for instance, is a way of laying OFF risk. You don't have to own the whole freakin' thing to participate in that market.


I think the word is "diversification". Wink
 
Posts: 44378 | Registered: 20 April 2005Reply With QuoteReport This Post
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We've been trading fractional shares of companies on organized exchanges for hundreds of years.


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Posts: 32834 | Location: On the Hudson | Registered: 20 April 2005Reply With QuoteReport This Post
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