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4A – Daily News – Wednesday, October 27, 2010 Commerce business In October, the Red Bluff- Tehama County Chamber of Commerce presented a Candidates Forum for candidates for three seats on the Red Bluff City Council open for elec- tion this year. In the wake of having heard and carefully considered detailed presentations and responses to ques- tions by all candidates, the executive committee of the chamber has decided for the first time in recent memory to recommend specific candidates for these three positions. Their recommendations are cur- rent councilors Jeff Moyer and Jim Byrne, and either of two of the aspiring challengers, Joe Durrer or Robert Schmid. If you have young chil- dren, or even if you just have some in your neigh- borhood, you know they will soon acquire large amounts of free candy, obtained by impersonat- ing witches, vampires and other scary creatures. As an adult, of course, you’re unlikely to encounter too many monsters after Hal- loween ends. Yet as you go through life, you will find some things that are truly alarming — such as scary investment moves. Here are a few of these frightful actions: • Investing too conser- vatively — You could try to avoid investment risk by putting all your money into very conservative investments. However, as you’re probably aware, those investments typical- ly pay very little in the way of interest, so your money could actually lose purchasing power, even with a mild rate of infla- tion. • Investing too aggres- sively — Just as investing too conservatively can be counterproductive, so can investing too aggressive- ly. Obviously, you would like your money to grow, but the investments with Associated Insurance & The other candidates possess merits of their own. How- ever the four individuals recommended seem best to grasp the enormity of the current economic situation and prepared to make hard decisions to maintain basic ser- vices in the best interests of city residents and the local business community – and thus, the interests of those businesses’ customers and employees. Their presentations and responses at the forum spoke to open communication between city leadership and residents, economic philosophies that value cost contain- ment and controlled growth, using tourist occupancy taxes (TOT) for their original intent and holding city the highest growth poten- tial are usually also those that carry the greatest risk to your principal. • Putting too much money in too few invest- ments — If you put too many of your investment dollars into just one or two types of assets, and a downturn hits those assets, your portfolio will probably take a big hit. • Waiting too long to invest — As an investor, your biggest asset may be time. The more years in which you have to invest, the greater the likelihood that you can make progress toward your important financial goals. • Taking a "timeout" from investing — During periods of significant market volatility, such as we’ve seen the past few years, you might be tempted to take a "time- out" from investing and stick all your money into very conservative vehicles until everything "blows over." But the financial markets will never be totally calm, nor will they be predictable. Market rallies can start unexpect- edly; if you’re not invest- ed when that happens, you may miss out on growth opportunities. • Ignoring tax-advan- taged investment opportu- nities — When you invest in a tax-deferred in v estment account, such as your 401(k) and a traditional IRA, your money has the opportunity to grow faster than it would if it were placed in an investment on which you paid taxes every year. If you aren’t contributing to your 401(k) and you haven’t opened an IRA, you’re missing out on a great chance to build resources for retirement. To make sure you enterprise ExecComm endorses council candidates staff accountable to their con- stituents. Moyer, Byrne, Durrer and Schmid specifically stated that Development Impact Fees should be revisited, and possibly frozen, to encourage economic growth and recovery. The recommendations of the chamber’s executive committee do not reflect the aggregate endorse- ment of the chamber’s entire mem- bership. However, they do reflect issues of great concern to many of the organization’s members and leaders. Two members of the executive committee, chairwoman Kristin Behrens and chairman-elect Greg Stevens, abstained from the recom- mendation process due to issues related to their respective profes- sional positions. It’s no treat to be tricked by scary investment moves Tyler Smail diversify your holdings among a variety of investments. Diversifica- tion, by itself, cannot guarantee a profit or protect against loss, but it can help reduce the effects of volatility. Try to build a diver- sified portfolio based on your risk tolerance, time horizon and long-term goals. And finally, consid- er boosting your 401(k) contributions don’t fall victim to these scary investment moves, you need only follow a few simple principles. First, take the long view — you will see ups and downs in the short term, but historically the mar- ket has performed well over the long term. (Keep in mind, though, that past performance is not guar- antee of what will happen in the future.) Second, whenever your salary increases and fully fund- ing your IRA each year. Halloween comes but once a year, but scary investment moves can haunt you for a lifetime — so take the right steps to help avoid them. Tyler Smail is a a financial advisor for Edward Jones, his office is located at 733 Washington St. in Red Bluff. He can be reached at 529-3627 or tyler.smail@edwardjones .com. Stocks eke out gains on mixed earnings NEW YORK (AP) — Mixed earnings reports and a stronger dollar helped stocks finish about where they started Tuesday. The Dow Jones industrial aver- age rose 5 points. Stocks started the day lower after weak results from Texas Instruments Inc., U.S. Steel Corp. and Bristol-Myers Squibb Co. Shares of Dow component DuPont fell after the chemical maker’s earnings fell. Courtesy photo Associated Insurance Ser- vices Inc. now serving North- ern California with Dylan McFann at Accent Properties, 95 Sale lane Ste. B, Red Bluff. To contact McFann call 527- 8352 or send an e-mail to: Dylan@msureservice.com. Owner is Mike Cresswell, pro- ducer is Dylan McFann. Associated is an indepen- dent agency serving clients throughout California with a knowledgeable and service oriented approach since 1962. The business has cultivated long-term relationships with many highly rated regional and national insurance compa- nies. KWIK KUTS Family Hair Salon WITH COUPON REGULAR HAIRCUT Senior & Child Reg. $12.95 PERM OR COLOR Not good with other offers 1064 South Main St., Red Bluff • 529-3540 $200 $500 Expires 10/31/10 Reg. $55.00 off & Up CLOTHING & ACCESSORIES ARRIVING DAILY! off Reg. $13.98 A gain in consumer confidence this month helped stocks pare their losses and then edge higher in afternoon trading. ‘‘The consumer confidence numbers were encouraging,’’ said Bernie McSherry, vice president of strategic initiatives at Cuttone and Co. It’s a sign shoppers ‘‘may be reaching into their wallets heading into the holiday shopping season.’’ Ford Motor Co. and Coach Inc. were among the few bright spots in the big batch of earnings reports released Tuesday. Drugmaker Bristol-Myers Squibb reported a better-than- expected profit, but revenue fell short of forecasts. U.S. Steel surprised analysts by reporting a quarterly loss, while chipmaker Texas Instruments said it expects sales to moderate during the fourth quarter because of low consumer demand. The Dow rose 5.41, or 0.1 per- cent, to 11,169.46. The Standard & Poor’s 500 index rose 0.02 to 1,185.64, while the technology-focused Nasdaq composite index rose 6.44, or 0.3 percent, to 2,497.29. Traders were moving out of riskier assets as the dollar strength- ened. A stronger dollar makes stocks and commodities more expensive because they are priced in dollars. The dollar rose against Japan’s yen and the euro Tuesday. Home prices slid in August, renewing concerns about the health of the housing market. Fifteen of the 20 cities measured in the Standard & Poor’s/Case- Shiller home price index saw price declines. Bond prices fell slightly. The yield on the benchmark 10-year Treasury note, which moves oppo- site its price, rose to 2.62 percent from 2.56 percent late Monday. Trading volume on the floor of the New York Stock Exchange came to 965 billion shares. A Clean, Reliable, Trustworthy, Chimney Company... Possible? ”Their tarps are always clean and my home is always clean afterward. What I like best is their reliability and quality.” “I can trust them!” Dr. Evan Reasor Flue Season 527 3331 THE Chimney Professionals COMPLETE AUTO REPAIR All makes and models. We perform dealer recommened 30K, 60K, 90K SERVICES AT LOWER PRICES Smog Check starting at $ (most cars and pick-ups) 2595 + cert. Pass or FREE retest 527-9841 • 195 S. Main St. 623 Main St. 527-5180 New members • New Members – The Corning Chamber of Com- merce welcomes these new members: Bright Star Healthcare, 4 A Williamsburg Lane, Chico, CA 95926, 332-9699, and Oroville Economic and Community Development Corporation, DBA Kaufman Brothers Vintage Merchandise, 532-6406. • Halloween Party – The Veteran groups will be hosting the Halloween party again this year at the Vet- erans Memorial Hall, but it will be on Saturday, Oct. 30 instead of Oct. 31. There will be all kinds of goodies, games and costume contest for the kids. There will be no Harvest Festival this year. • Corning in the Morning – Over 50 people attended Corning in the Morning hosted by the Corning Senior Center who also organized a Senior Fair for that morn- ing. They invited agencies that serve the senior com- munity to set up booths at the event to give out infor- mation on what they offer. There was a delicious break- fast provided by the Center and some lovely door prizes. The morning was very informative and fun. Thank you, Lin Lima and the Senior Center for hosting this wonderful event. • Ribbon Cutting – Tuesday, Oct. 19, the Chamber Directors and Mayor Gary Strack attended the Ribbon Cutting of Country Kid’s Day Care owned and operat- ed by Collette Glattfelder. • Business Workshop – 2 -5 p.m., Wednesday, Nov. 3, at the Red Bluff Community Center, 1500 S. Jackson St., you are invited to join other business owners and managers for this three-hour, two-part session present- ed by the ChicoProject. "A Look Inside Five Areas to Assess Your Business for Future Growth." The cost is $45 per person. Participants will leave the workshop with a list of steps that they can take to improve in their business and/or pursue growth in advantageous market areas. Participants will leave with a list of local and regional resources and contacts and with a renewed sense of purpose and direction for your business. • Self Defense Class – From noon to 2 p.m., Satur- day, Nov. 13, Fountain of Health is having another self defense class at 1415 Solano Street. Gregg Blanco, the instructor has been involved in Judo and Martial Arts for 37 years and has been teaching for the past 20 years in Red Bluff, Redding, Anderson and Chico areas. The class is open to non-members as well as members. Patti Fountain believes that this is an important time of year to be mindful of our own safety. For more information you may call 689-0222. • Lucero Olive Oil Grand Opening – 10 a.m., Nov. 6 doors will be open for family, friends and fans of olive oil for the Grand Opening of Lucero’s new store where an expanded selection of oils, vinegars, tapenades, mustards and table olives will be offered at the Lucero family’s first store walking distance from their olive mill and bottling line. All three generations of Lucero men will be on hand to greet customers and answer questions and a tour of the mill and bottling room will be offered every two hours starting at 11 a.m. where visitors can see olive oil being produced from start to finish. Both Lemon and Mandarin olive oil ice creams will be served all weekend, and a self service olive oil tasting bar will be open for sampling the many award winning extra virgin olive oils that Lucero produces. Local radio stations will broadcast live on Saturday from 10 a.m. to 1 p.m. and Sunday noon to 3 p.m. • Hometown Christmas Sponsor Book – The dead- line for the sponsor book ads is this Friday, so we urge you to get the paperwork in soon. Thank you to all busi- nesses that support the chamber with ads and sponsor- ship. We can’t have this event without you. ——— This column is prepared and submitted by the Corning Chamber of Commerce. Small Business Administration financnpg loan programs workshop Northeastern California Small Business Devel- opment Center at Butte College is presenting a workshop on U.S-SBA financing and loan programs for your business" from 10:30 a.m. to noon on Thursday, Nov. 4, at Business Connections, 332 Pine Street, Red Bluff. This workshop is free of cost. The US SBA offers a variety of loan programs for start-up businesses. A representative from the SBA will cover various funding options for your business, and loan requirements and application process, including a loan application checklist and step-by-step handout detailing information and explanation on completing loan applications. Pre-registration is required. To register call the Northeastern California SBDC at Butte College at 895-9017. Local Established Business For Sale OR Partnership Opportunities The Electric Man For all your electrical needs • New Outlets / 220 • Fans / Fixtures • Pools / Spas • Code Corrections • Troubleshooting • Panel Upgrade • Telephone Wiring $10.00 Customer Discount FREE Estimates License# 826543 347-4441