Guest Contributor on Money Questions and Answers Blog

Top 6 Tips to Easily Keep Your Credit in Good Condition

Your Credit Score May Be Costing You Thousands of Dollars

For the most part, everyone knows that having a great credit score is essential. Credit operates as a major deciding factor when it comes to lending. Banks, more often than not, will review your score before deciding to help you finance major purchases. Items like a house or a car fall into this category, as do other types of big loans. How to Keep Your Credit in Good Condition Beyond that, good credit will come into play when trying to carry out other tasks like getting a job or renting an apartment. So, it’s important to keep your credit in good shape so that you have the widest array of options open to you. Here are a few tips. Don’t … Read more

Entrepreneur Market – Setting Up Your Pharmaceutical Start Up

by Guest Contributor

The biotechnology sector is a booming sector of the economy that has seen tremendous success in the stock markets around the world over the years. Even though there have been a few downturns in recent times, it is an ever important sector of the economy, as the health of individuals depend squarely on it. The pharmaceutical subsector is not left out of this success story. Many of the big players in the pharmaceutical world such as Pfizer, Roche, Gilead, Astra Zeneca and so on, all grew from mere start ups to multinational companies and established themselves as major brands world over, with lucrative stock market shares. While the big players continue to dominate, the field is large enough to accommodate … Read more

Should You Consider Gambling a Way to Make Money Online?

by Guest Contributor

Ever since the World Wide Web was born in the 1990s, people have been dreaming of making an extra buck online. Many of them managed to do so by creating successful publications (later blogs), online stores, and affiliate websites to round up their revenues or replace the traditional ways to earn money completely. For many, in turn, investing that much work and money into setting up an online business is out of reach. These people do have alternatives, yet they are not as well-paid as they would like them to be. And there is one that seems to be the solution for making an extra buck while doing something entertaining: playing online at the Red Flush Casino and its likes. … Read more

Finding Housing During a Financial Crisis

by Guest Contributor

In today’s economy, finding housing is hard enough even when you’re flush with cash. When your financial situation is problematic, finding a place to live can feel darn near impossible. Before you panic and/or reconcile yourself to being homeless, make sure you try some of these tips and techniques to help you keep a roof over your head. Finding Housing During a Financial Crisis Put Your Pride Away In spite of what you might have heard, there is nothing wrong with applying for the Section 8 program. In fact, the Section 8 program is often a lifesaver for people whose financial situations and housing needs are dire. In many states, Section 8 is a universal tool. Landlords are not allowed … Read more

How Fantasy Football Is Just Like Investing in the Stock Market

by Guest Contributor

How Fantasy Football is just like the Stock Market

The following is a guest post by Ben from YoungMoneyFinance.com about investing in the stock market. If you would like to write an article for Money Q&A, please visit our Guest Posting Guidelines.

A lot of us shy away from the stock market. It’s almost like we’re afraid of investing in the stock market. Sure, we know that we should invest our money, but a lot of us get nervous when it comes to doing so in the stock market. Too many ups and downs, too unpredictable.

Most of us write off our inexperience and lack of knowledge and decide to stay out of the market. However, we do spend a lot of time and energy on our fantasy football teams, and if you think about it, playing fantasy football isn’t all that different from investing in the stock market.

How Fantasy Football Is Like Investing In The Stock Market

LendEDU published the results of a very cool survey while we’re on the topic of fantasy football. Here are some of the interesting results…

The average season-long fantasy football player spends $286.84 on league-entry fees, while the average daily player (DraftKings, FanDuel) spends $272.52 on related fees.
The average player spends nearly 8 hours a week on fantasy football and 4.31 hours a week of work, or $1,186 in lost productivity if you factor in the U.S. median wage.
89.6% of season-long players expect a positive ROI this year, while 92.41% of daily players expect a positive ROI. Nothing wrong with a little confidence! Can we say confidence bias?

Just like managing a good stock portfolio…

1) Depth and diversification are key. A good fantasy team is made up of a number of different players, each playing a different role. A good stock portfolio also has different stocks playing different roles. You’ll have your growth stocks (ones you expect to grow in value) and your value stocks (less price appreciation but lots of dividends). You’ve invested in different industries, just as you wouldn’t have a team full of RBs.

2) You have your core players and ones you can easily trade. Your fantasy team is made up of several core players (what up Peyton!) and then your TBD players. Some weeks you’ll pick up a new player and give them a start or two and depending on how they do, you’ll either drop or keep them. Your core players, though, are your winners.

They’ve proven themselves time and time again and you’d never trade them. A good portfolio will have your winners and then stocks that you’re testing out. Don’t be afraid to buy a couple of stocks and then trade them out when they don’t live up to your expectations.

3) Perceived value. We each learn how to notice and pick up undervalued players when we see one. It earns us ultimate bragging rights. Conversely, we’re quick to trade a player while he’s still ‘hot’ when we know he’s going nowhere but downhill. Stocks are the same way.I’m always on the lookout for quality stocks that have taken a hit by the market. Perhaps some big investor has been trash talking them, or the company made a dumb mistake. It doesn’t mean they’re not a good company – rather, just that they are a good buying opportunity for me!

4 Things Businesses Should Include in a Terms of Service Agreement

by Guest Contributor

Not Sure Which Business Is Right For You?

While no one reads the terms of service agreement for many service providers—such as social media networks—creating an airtight agreement will protect your business from many future legal headaches.

What to Include in a Terms of Service Agreement

Here are four things businesses should include in a terms of service agreement.

Provide a Definition of Your Service or Product

This is something that essentially every kind of business—big or small—will want to include in its terms of service. By providing a definition of your product or service that is easy to understand, and can only be interpreted one way, you are mitigating any claim that someone was deceived by your product. In some ways, this is another form of small business insurance—as it removes ambiguity about what the customer can expect in return from your company.

Define Intellectual Property Rights

Many companies have their own intellectual property that they use to provide services to customers. Oftentimes, those customers actually produce intellectual property of their own through that proprietary service. Amazon is one example of a company that allows its customers to use its property to produce their own copyrighted materials.

If your company also operates in this way, you need to make it explicit that you maintain the rights to all your proprietary software or services. While it’s unlikely, someone might potentially try to take you to court if you don’t make it totally clear that using the service gives them no ownership over it.