Long Distance Investing

[Lance Card]

The Utah market is bone dry. Finding investment deals for buy and holds is nigh unto impossible right now, but I see deals being offered up all over the country. Would you suggest that I look into long distance investments?

[William Hochstedler]

Hi @Lance Card

Every time one posts about looking at long distance investing, there are lots and lots of suggestions for the best places to invest in the country.  Every single poster will tout the market they know best without any knowledge of other markets, including the one you're in.

My recommendation is always to completely exhaust your own market for opportunity before looking elsewhere.  And there are opportunities in every market.  And at the end of the day, your back yard is what you know best.

And luckily for you, your back yard is Utah that is near the top of every indicator list, yet less expensive than most coastal markets.  If you're truly a buy-and-hold investor, what market can you think of that's got a better 10-30 year outlook than Utah?

The gold standard in investing is to outperform the market.  So all we have to do is help you find a few drops in the "bone dry" desert!