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How Do You Determine Worth?
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<blockquote data-quote="upfrombottom" data-source="post: 845662" data-attributes="member: 13088"><p>I've been buying a few registered stock every year for the last couple of years and have yet to determine what people are using to determine the worth of they're stock. I literally hate haggling because it makes me feel as if I'm trying to buy a new car from a guy that knows what the deal is worth, but is high on the fact that you may give in before that figure is reached.</p><p></p><p>In my dealings, I have found that if a person starts out with a description that begins with the latest bull of the month in the pedigree, they are going to be asking way too much. I have seen some that were a percentage less than what the top seller in the bloodline brought and I have seen some ask a price that appears to me as the highest sale barn average plus a percentage. I've learned that the longer a person has been in the business, the better I can make a deal, after all they know what they would give for the same stock if they were the one doing the buying. I guess one could use the highest auction average as a "Suggested Retail Price" to use as a starting point and work from there, if you have the mindset of a car salesman.</p><p></p><p>How do you determine the asking price for your stock or what you consider a fair price for what your buying?</p></blockquote><p></p>
[QUOTE="upfrombottom, post: 845662, member: 13088"] I've been buying a few registered stock every year for the last couple of years and have yet to determine what people are using to determine the worth of they're stock. I literally hate haggling because it makes me feel as if I'm trying to buy a new car from a guy that knows what the deal is worth, but is high on the fact that you may give in before that figure is reached. In my dealings, I have found that if a person starts out with a description that begins with the latest bull of the month in the pedigree, they are going to be asking way too much. I have seen some that were a percentage less than what the top seller in the bloodline brought and I have seen some ask a price that appears to me as the highest sale barn average plus a percentage. I've learned that the longer a person has been in the business, the better I can make a deal, after all they know what they would give for the same stock if they were the one doing the buying. I guess one could use the highest auction average as a "Suggested Retail Price" to use as a starting point and work from there, if you have the mindset of a car salesman. How do you determine the asking price for your stock or what you consider a fair price for what your buying? [/QUOTE]
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