Saving for Your Wedding? Invest in These 3 Dividend Kings
There's no way around it: Weddings are generally quite expensive. Yes, you can pay far less if you invite relatively few people, hold your ceremony on a weekday, and/or make it a potluck, but many couples still want a classy, traditional affair. As of last year, the average cost of a wedding in America was about $30,000, per The Knot.
That means it would be smart to start socking away money regularly now if you want to be able to pay -- or help pay -- for a wedding in the years ahead. Dividend-paying stocks can help you get there. Ideally, they'll grow in value over time, and while they do so, they'll kick out income every quarter or so -- money that can be reinvested in additional shares of stock.
Just remember that money you expect to need within about five years is best not kept in stock as the stock market can be volatile. Dividend Kings are companies that have increased their payouts for at least 50 consecutive years. Below are three worth considering as you save for a wedding or anything else, such as a down payment on a home or your retirement.
Source Fool.com
