A horse already in training may prove a safer investment but will be more pricey, whereas a yearling or unraced two-year-old may have unlimited potential, but there's less to judge it on. Whichever you decide on, go for a horse with the presence, athleticism and swagger of Usain Bolt and you won't go far wrong. And if you're still unsure, get advice from any of the trade organisations such as Great British Racing International and the British Horseracing Authority, whose role it is to safeguard the sport.
There are a number of sales in the UK with opportunities to invest at all levels. If you're looking to invest in a potential Royal Ascot runner, the Goffs London Sale is ideal. You can be sure that the auctioneers have hand-picked the best horses they can find, so your chance for an immediate return is greatly increased. Royal Ascot is the greatest race meeting on earth, and the opportunity to have a runner, purchased at the sale, running in your colours at the meeting just a few days later is a rare thing indeed.
Despite the initial outlay, investing in a racehorse can take you to places – financially speaking – that you've never dreamed of going. Returns on your investment vary, but with a bit of luck and a bit of guile, you can hit the jackpot in much the same way as a winning lottery ticket, as well as constantly gaining experience that'll ensure more success in the future.

By David Redvers, Racing and Bloodstock Manager for Qatar Racing. The Goffs London Sale, in association with QIPCO, takes place on 16 June at the Orangery, Kensington Palace. Royal Ascot runs from 17-21 June.