Go to the sales tomorrow and buy yourself a yearling filly out of the best families in NZ Klairessa, one went through the ring today for $500. Approach a trainer you like and get them to look at your selections and an estimate of price, then try bidding a 5th of your budget, do the bidding and buying yourself because it's alot of fun and scarry at the same time, and youve got to love what you buy as youll be looking at it a long time. If you manage to buy a filly, get it scoped, then approach the transporters to get it home, assuming you have good horse pastures, otherwise sort it out with a trainer. Make sure the yearling goes into a safe yard after purchase to let down.
Its hard to buy into the good families any other way, unless youve got megabucks, even then you can spend millions for a dud. If you go to the broodmare and mixed bloodstock sale the mare can come home with a virus and abort and its 3 years before you get a foal and another 3 years before you are racing, and if you are breeding to sell, there are even more pitfalls a newbie can fall into.
Meantime you can learn all about racing, placing horses in the right races, breaking in and handling, feeding regiemes, black type and all the other termenology, and you can start learning about breeding by reading books and talking to people while you are racing, and working out future plans fo your filly. Ken McLean writes great books, Jack Glengarry and Ross De Bourg write on the NZ breeds, Bart Cummings books are interesting and so is Patric Hogan's book with a few insights on girth size, heart score, will to win, temprement etc. Have fun