Inflation slowly erodes the value of your hard-earned savings and increases the monetary requirements for the future. Investing is a prudent strategy to preserve and even increase your wealth over time. From real estate and commodities to equity and bonds, you can use various investment options to create a strong portfolio and optimise returns.

In the world of finance, stock broking and dividend investing are two key concepts, particularly for investors looking to build passive income. Let’s understand how they can help you generate a steady stream of income over time.

What is stock broking?

Stock broking is a service that gives investors an opportunityallows investors to purchase and sell securities in the stock market. Since you cannot directly buy or sell shares in the stock exchange, stockbrokers act as links who execute the trades on your behalf. Any stockbroker in India, whether working independently or as part of a brokerage firm, must be registered with the Securities and Exchange Board of India (SEBI) to function legally. 

Stock broking has evolved with technological advancements and regulations. Today, you can find many online platforms that let investors make practical decisions with real-time data and analytics. INDIE by IndusInd Bank is one such example that simplifies stock trading by offering an all-in-one trading platform in partnership with Paytm Money. 

What is dividend investing?

Dividend investing entails acquiring stocks of companies that regularly distribute a portion of their earnings to shareholders. Unlike capital gains, which are realised through the sale of appreciated stocks, dividends offer a consistent passive income. 

Reinvesting dividends to buy more shares can increase the value of an investment over time through the power of compounding. This strategy, known as the snowball effect, is particularly effective in stable companies with a history of regular dividend payments.

Stock broking and dividend investing: Tips for building a passive income portfolio

By combining the services of a stock broking platform with a focus on dividend investing, you can build a reliable passive income stream. Here are some tips to consider:

1. Research dividend-paying stocks: Identify and compare companies that have a history of paying dividends and have the potential for future growth. Go for companies with low debt-to-equity ratios, stable cash flow, high profit margins, and track record of increasing dividends over time.

2. Select an investment platform: You can use INDIE as your go to digital investing app to buy or sell investments with just a few clicks. Be it stocks, IPO, ETFs or F&O, you have access to different asset classes and securities under one roof. Enjoy instant account updates, real-time market data, and advanced trading tools at no high cost.

3. Diversify your portfolio: Diversification is important for minimising risk and optimising returns. Distribute your investments across multiple asset classes, sectors, and geographical regions to protect your portfolio from market volatility. You can also use advanced charting and drawing tools offered by your stock broking platform to get insights for diversification.  

4. Monitor and rebalance: Stock broking platforms offer different types of analytical tools that can help you track the performance of your investments. With such insights, you can make more calculated decisions about adjusting your portfolio so that it keeps reflecting your objectives and risk appetite.

5. Reinvest dividends: Reinvesting dividends to buy additional shares can compound your investment returns over time. Many stock broking platforms offer automatic dividend reinvestment plans (DRIPs) to facilitate this process without incurring additional transaction costs​​.

Key takeaways

By leveraging the services offered by stock broking platforms and focusing on dividend paying stocks, you can create a sustainable income stream that grows over time. As mentioned above, the strategy needs high research, the right investment platform, proper diversification, and regular portfolio management, but the returns you get can be substantial.

Remember, while investing can seem complex, tools and services offered by stockbroking platforms make it easier for you. So, capitalise on them to create a steady income stream from your investments.

When I was in the market for a gold chain, I narrowed it down to two popular options: the Monaco chain and the Cuban chain. Comparing the Monaco chain vs Cuban chain, I realized they each have their own unique appeal, which made the decision more difficult than I anticipated.

It’s a common dilemma many people face when selecting a chain that reflects their personal style and meets their needs. I’ve worn both types of chains and have gained some insights along the way. 

Let me share my experience and help you understand the differences between these two popular options, so you can pick the chain that’s just right for you.

What is a Cuban Chain? 

The Cuban chain, sometimes referred to as a Miami Cuban link chain or curb chain, has exploded in popularity in recent years. It’s characterized by its bold, chunky appearance with thick interlocking oval links. The links are tightly connected and lay flat, creating a substantial and eye-catching look.

Cuban chains, such as the eye-catching moissanite Cuban link gold chains, offer a wide range of widths from sleek to bold, appealing to diverse style preferences. These chains are crafted in a variety of metals, including 10K, 14K, and 18K gold, as well as alternative options like silver and stainless steel. 

The versatility of Cuban chains makes them a favorite among both men and women looking for a standout piece to wear alone or with a pendant.

It’s important to know that “Cuban chain” is a general term. Different companies make Cuban chains, so the look and quality can be different.

What is a Monaco Chain? 

Monaco chains, also called Monegasque chains, put a modern spin on the classic Cuban link design. They have a unique interlocking pattern of square links that lay flat for a sleek, comfortable fit. The links connect like a brick wall, creating a sophisticated, elegant look.

Despite being very light, Monaco chains are strong. Special technology makes them hollow, about 75% lighter than solid Cuban chains but still tough. They can hold up to 52 lbs without breaking, nearly as strong as solid chains.

Usually crafted from high-quality 14K or 18K gold, Monaco chains come in various widths and lengths. The intricate design and premium materials make them a more upscale chain option.

Comparing Styles and Aesthetics

In the Monaco chain vs Cuban chain comparison, both styles prove to be highly versatile. You can effortlessly dress them up or down to suit any occasion, from casual outings to formal events. 

Monaco chains look great in fancy places like parties, weddings, or work events. They go well with formal clothes like suits and dress shirts. You can layer a small pendant with a Monaco chain for an extra touch of elegance.

Cuban chains can fit in anywhere, from casual hangouts to formal settings. You can pair them with street clothes like graphic tees, hoodies, and leather jackets for a cool, urban look. Or, you can wear a Cuban chain with a neat, tailored outfit for a fresh and modern style. Try out different widths, metals, and lengths to change up your look and make a statement.

Durability Considerations

Monaco chains use advanced engineering for a durable hollow design. The interconnected square links are highly resistant to breakage, kinks, and wear. However, the intricate design needs extra care to prevent tangling or damage.

Cuban chains are known for their toughness. The thick, tightly interlocked oval links can handle a lot of tension and daily wear. They are much less likely to stretch, break, or catch on things compared to more delicate chains. Many consider Cuban chains one of the most durable options available.

Versatility and Styling Tips

When considering the Monaco chain vs Cuban chain, both offer incredible versatility for various occasions. Monaco chains shine in formal settings, elegantly complementing suits and button-downs, with the option to elevate their look using a small pendant. 

Cuban chains are true chameleons, looking equally stunning with streetwear or tailored ensembles. Play with different widths, metals, and lengths to change up your look and make a statement. 

Chain lengths for both styles typically range from 16 to 30 inches. Shorter lengths (16-18 inches) create a choker effect, while medium lengths (20-24 inches) offer a classic look. Longer chains (26+ inches) make bold statements with a 90s-inspired or hip-hop vibe

Choosing Monaco Chain vs Cuban Chain

Your choice between a Monaco chain and a Cuban chain depends on your style, preferences, and budget. If you like a sleek, sophisticated look and often dress up, a Monaco chain might be perfect. Its lightweight yet durable hollow design and premium materials make it a good investment.

If you love bold jewelry and have a casual, street-style look, a Cuban chain could be your best match. Its chunky style and range of widths let you make a statement and show off your fashion sense. 

Remember, real Monaco chains cost more due to their special design and materials. Cuban chains offer more options for width and price.

Proper Care and Maintenance

Regardless of which chain style you choose, proper care is essential to keep it looking its best. Regularly wipe down your chain with a soft cloth to remove oil and buildup. Always store it separately to minimize tangling and scratching. 

With the right care and maintenance, your Monaco chain or Cuban chain will remain shining and beautiful for years to come.

Conclusion

When it comes to the Monaco chain vs Cuban chain debate, both stand out as exceptional options in men’s jewelry. The Monaco chain exudes refined luxury with its distinctive square link design and unwavering quality, while the Cuban chain makes a bold statement through its chunky silhouette and versatile width options. 

To choose between them, reflect on your personal style, the occasions you’ll wear the chain, and your budget. With some consideration, you’ll find the perfect chain to elevate your look and express your unique sense of style. 

Proper care and storage are essential to keep your chain stunning and durable for years to come, regardless of whether you choose a Monaco or Cuban chain.

So if you’re an artist wondering how many monthly listeners on Spotify is good, the answer isn’t as simple as a single number. But don’t worry, I’m about to lay it all out for you in a way that’s easy to understand (and maybe even a tad entertaining).

A monthly listener on Spotify is someone who has listened to at least one of your tracks within the last 28 days. Simple enough, right? Now, the number of monthly listeners you’ll need depends on a few factors, like your genre, your fanbase, and your goals as an artist.

The harsh truth is, there’s no one-size-fits-all target. However, there are some general guidelines to gauge if you want your numbers to grow and need to step up your streaming game.

What’s Considered a Good Monthly Listener Count in 2024?

For most independent artists, hitting the 10,000 – 50,000 monthly listener mark on Spotify can be considered a respectable achievement. At this level, you could potentially earn around $200 – $600 per month from streaming royalties alone. Not too shabby for just having people jam to your tracks!

Now, I know what you’re thinking – “But wait, doesn’t Spotify pay per stream?” You’re absolutely right, my friend. Spotify doles out around $0.003 to $0.005 per stream. But here’s the kicker: the more unique listeners you have, the more streams you’re likely to rack up.

Now if you’re an established musician or a new artist blowing up, a monthly listener count in the hundreds of thousands or even millions is the goal, then increase your Spotify listeners and grow your income significantly.

But don’t just take my word for it – let’s dive real deep to achieve Spotify success.

Streams vs. Monthly Listeners: What’s the Difference?

Okay, so we’ve understood that monthly listeners are crucial for boosting your Spotify earnings. But what exactly is the difference between streams and monthly listeners?

A stream is generated every time someone listens to at least 30 seconds of your track. So, if a die-hard fan puts your latest album on repeat, they’ll be racking up multiple streams for you. On the flip side, monthly listeners are unique – meaning if that same fan listens multiple times, they’ll only count as one monthly listener.

Now, don’t get me wrong, streams are still super important. But when it comes to long-term growth and steady income, monthly listeners are where it’s at.

How to Check Your Monthly Listener Count?

Enough theory, let’s get practical. How do you actually check how many monthly listeners you have on Spotify?

Well, it’s super easy. 

1. Head to your artist page on Spotify
2. Check under your main profile pic/name for the “Monthly Listeners” number
3. Or scroll down to the “About” section for the same stat

Updated every 28 days, this number gives you a rolling count of your reach on the platform. Watch it closely each month as you promote new releases and grow your audience.

Tips to Boost Those Monthly Listener Numbers

So let’s say your “how many monthly listeners on Spotify is good” number is lower than you’d like. Try these simple tactics to get more listeners on your tracks:

Share, Share, Share

One of the easiest ways to gain more monthly listeners is to shamelessly promote your music on other social media platforms. Announce your latest release on Facebook, Instagram, TikTok, you can even host a listening party on Twitch. The more places you share your tunes, the more potential listeners you’ll reach.

Diversify Your Platforms

Spotify may be the big kahuna, but it’s not the only streaming service out there. Savvy artists know to upload their tracks to multiple platforms, like Apple Music, YouTube Music, SoundCloud, and Audiomack. The more places you’re present, the more opportunities you have to gain new monthly listeners.

Be Engaging & Interactive

Here’s a little-known secret: the more engagement your tracks have on Spotify, the more likely they are to be featured on the homepage or recommended to users. And you know what that means? More potential monthly listeners for you!

You can give your tracks a boost by using Spotify SMM services to increase sales, followers, and overall engagement. It’s like giving your music a little nudge to get in front of the right ears.

The Spotify Superstars

Alright, now that we’ve covered the nitty-gritty of monthly listeners, let’s take a peek at the artists who are absolutely slaying the Spotify game.

As of April 2024, The Weeknd reigns supreme with a whopping 113.48 million monthly listeners.

But when it comes to the most streams, Taylor Swift takes the crown as the most-streamed artist of 2023 and of all time. Clearly, her fans just can’t get enough of her tunes.

And in the world of Spotify, Ed Sheeran is the king, boasting an impressive 113.37 million followers.

Conclusion

Now take a breath of relief as you got your answer to how many monthly listeners on Spotify is good and how to get there. Depending on your genre and competition  10,000 – 50,000 monthly listeners can be a pretty sweet spot! 

Whether you’re just starting out or already have a dedicated fanbase, keeping an eye on your monthly listener count and implementing strategies to boost it can be a game-changer for your music career.

So, what are you waiting for? Start sharing, diversifying, and engaging those listeners – and watch as your monthly listener count (and your bank account) grow by miles! 

Happy streaming, my friends!