Investing in a single city?

[Colton Boyer]

Hello everyone,

I live in Kansas City, MO. I am a big sports fan and am excited about the Kansas City Chiefs recent Super Bowl win. I am also a fan of finance, economics and investing. Kansas City is known for their die hard fans. The Chiefs have an extremely bright future with their current football team. I think that the football teams success will give a substantial boost to the Kansas City economy. So my question is, what are some ways that I can invest in the Kansas City economy? Is this possible? ETF's on the NYSE? etc.

Thanks in advance,

Colton

[Lee Ripma]

@Colton Boyer

Well you could buy real estate in Kansas City. I do and so do lots of other people on this site...

[Colton Boyer]

@Lee Ripma thanks for your snarky reply. I was referring to other avenues of investment which is why I posted this question in the “other” category.

[Caleb Brown]

Real estate would be the best way if possible. Economy has been booming here and there has been an increase of migration. Real estate prices has been rising but still a good cash flowing market where appreciation is 5%-6%.

[Logan Freeman]

@Colton Boyer

I’m going to agree with the real estate investing route; especially with your interest in the city itself. If you are open to that route, be mindful that it’s very important to invest in the right areas of KC - I put together a list of the areas I like to invest in and direct my clients to, I would be happy to send that to you, shoot me a quick DM

[Mike D'Arrigo]

@Colton Boyer Although I'm personally a 49ers fan, I'm a big fan of Kansas City real estate. KC already has a modern, diverse economy with a growing population and jobs. I don't think that a single Super Bowl win however is going have any major effect on the economy. 

[Nic S.]

@Colton Boyer Id love to see the data points you’re looking at telling you good football teams have a direct correlation with home prices.

[Ryan Fox]

@Colton Boyer- Start with your goals, then work back from there.  The KC area is a diversified economy, so you wouldn't find a mutual fund / ETF that is specific to KC-centric industries.  

It kind of begs the question - why would you want to stick with only local investments when ETFs bring you the diversification of investing across the entire US (or other countries if you prefer)?  If you live in KC, you're probably heavily tied to the KC economy anyways.  

Agree with other posters that the Super Bowl win, while long overdue and well-deserved for the Chiefs, will not have any long-term effect on the KC economy.

[Colton Boyer]

I appreciate all your insights. For some clarification, I don’t believe this single Super Bowl will impact the Kansas City economy tremendously. It’s more so a belief that with the bright future of young superstar talent, it’ll bring more consumers to the Kansas City area. Which would give a boost to the economy over the next 10 years. Kansas City is known for it’s loyalty to their sports teams. Since I currently reside in KC, I’ve witnessed firsthand the amount of travelers to our “little big city”. This isn’t only about sports though. The nation’s population is only increasing and the coasts are heavily populated. There’s only one way that I see the overall population of Kansas City going and that is up. More so than coastal cities because of the lower population.

[Mike D'Arrigo]

@Colton Boyer What is really driving job growth and population growth in Kansas City is a highly educated workforce. (34.3% of the population has a 4 year degree or higher which is above the national average), the business incubators that are stimulating start ups and the low cost of living. 

[James Wise]

Originally posted by @Colton Boyer:

Hello everyone,

I live in Kansas City, MO. I am a big sports fan and am excited about the Kansas City Chiefs recent Super Bowl win. I am also a fan of finance, economics and investing. Kansas City is known for their die hard fans. The Chiefs have an extremely bright future with their current football team. I think that the football teams success will give a substantial boost to the Kansas City economy. So my question is, what are some ways that I can invest in the Kansas City economy? Is this possible? ETF's on the NYSE? etc.

Thanks in advance,

Colton

 Kansas City is a very popular rental market. Investors from around the country buy property there as the price to rent ratios are great. So for you, yes I'd recommend you stick to your hometown.