Out of State Investing

[Account Closed]

Hello BP! Here's a quick question for you: If a city you were planning on investing in showed a decline in population growth since 2010 would you still invest in it? Thank you BP! Jorge

[Jeff Keller]

Try to understand what drives the local economy. Some areas are very dependent on a couple large companies leading to swings in prospects. Some areas are very dependent upon recreation and have large swings with the overall economy.

Since 2010 many companies have had slow but positive growth. Did people move away because they thought local industries would never recover or because they could find better work right away if they moved. A population decline for the last 6 years is something that should be understood before investing.