3 Stocks That Could Help You Send Your Kids to College
One of the more significant financial priorities of parents is saving money for their children's college. Opening an account such as a 529 savings plan or a Coverdell ESA is easy enough. However, parents will likely need guidance on how to invest their contributions.
Assuming parents have made these considerations for a newborn, they need investments likely to rise substantially over a period of about 18 years. Hence, these investors need businesses that should continue to prosper for at least that long.
Also, one other strategy for saving is finding stocks with a long track record of dividend payments. Not only does this indicate company stability, but it can also generate a cash return. With this cash, these investors can manifest a virtuous cycle of more share purchases and higher income. Many of these stocks also beat the average dividend yield for the S&P 500 of just under 2.1%.
Source Fool.com
