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JoinusthisSaturdayfor the 11th annual Corning Rotary Wine, Food and Art Festival at Rolling Hills Ca- sino. The festival opens at noon and continues until 8 p.m. Admission is $10, which includes a tasting wine glass and $5 in ca- sino slot play. Taste and buy wines from 15 regional win- eries along with selections from nine local craft brew- eries and local gourmet ol- ive oil and specialty food producers. The ever popular Clam Chowder Cook-off includes tasting from noon to 4 p.m. and pits the best recipes from members of local ser- vice groups all seeking to prove they are the best and take home a $500 grand prize. Local artists and pho- tographers from Tehama, Glenn and Butte counties will be exhibiting their work in addition to work from students at Corn- ing and Centennial high schools. Tickets are available at the door and at Rabobank in Corning, Banner Bank in Corning and Chico, Ed- ward Jones Corning, Corn- ing Chamber of Commerce and Rolling Hills Casino box office. Policeandfireman awards The Corning Exchange Club is hosting its annual Police and Fireman Awards Dinner at 6 p.m. Saturday at the Corning Veterans Me- morial Building. The price of the tri-tip dinner is $15. Tickets are available from Corning Ex- change members and at the door. Linda Watkins-Bennett, from channels 12 and 24 will once again serve as the mistress of ceremonies for the event. The club will be honor- ing 12 Tehama County law enforcement officers and emergency responders. Raffle prizes will be drawn throughout the evening. A silent auction also will be held. Some of the items fea- tured are a stay and play package from Rolling Hills Casino, a pig hunt cour- tesy of Oak Knoll Here- ford Ranch, a flight for two courtesy of Rainbow Avia- tion and many assorted gift baskets from various Corn- ing merchants. Proceeds from this event will fund Corning Exchange Club's sponsorship of youth programs and its national commitment to fight child abuse. For more information, call Robert Thayer at 824- 4407 or Ross Turner at 824- 3240. New member The Corning Chamber of Commerce welcomes De- idre Pendergraft as a new individual member. Friends of the Library The Corning Friends of the Library is accepting do- nations for the Spring Book Sale on April 2. If you have used books in good condition, any genre, consider making a dona- tion. All profits will be used to purchase new books and supplies for the library. The Corning Library is at 740 Third St., next to the Corning Police Station. Hours are 2-6 p.m. Monday and Friday, 9:30 a.m. to 1:30 p.m. Tuesday and Thursday and 4-8 p.m. Wednesday. For more information about these or other Corn- ing Chamber of Commerce events, call the chamber at 824-5550, find it on Face- book or visit www.corning- chamber.org. CORNINGCHAMBER Art,wine,police and firemen at Saturday festival The Red Bluff-Tehama County Chamber of Com- merce announces the 62nd Round-Up Parade. The theme for this year's parade is Irons in the Fire. Congratulations to this year's Grand Marshals the McKenzie family. Sign up for the Round- Up Parade online at www. redbluffchamber.com or at the chamber office by call- ing 527-6220. The parade is at 10 a.m. Saturday, April 16. Regis- tration deadline April 4. The Cowboy Golf Tour- nament is set for 9 a.m. Fri- day April 15. Sign up online or at the chamber office by April 8. Chili Cook-Off merchan- dise vendors, do you have something to show or sell? How about signing up for the Chili Cook-Off as a ven- dor? The event is April 9 on Washington Street, in downtown Red Bluff. For more information, call 527- 6220. Chili Cook-Off questions, please call 527-1616. Good Morning, Red Bluff Good Morning, Red Bluff at the Frontier Village Fam- ily Health Center is sched- uled for 7:50 a.m. Thursday, Feb. 25. Come out for this excel- lent event at 645 Antelope Blvd., Ste. 24. We hope to see every- one at Good Morning, Red Bluff, the most pop- ular networking event in the county, so we can learn more about you and your business. Please in- vite friends or associates to join you. There will be coffee, juice, pastries and fruit available for you. For more events and in- formation, please visit our website www.redbluff- chamber.com or our Face- book page. RED BLUFF CHAMBER 11 Days of Round-Up ahead California State Univer- sity, Chico's Department of Economics and Econom- ics Club will host a talk by UC Davis economics profes- sor Gregory Clark 6-7 p.m. Monday, Feb. 29 in Ayres Hall Room 120. Clark is an editor of the journal European Re- view of Economic History, chairs the steering com- mittee of the All-University of California Group in Eco- nomic History and is a re- search affiliate of the Cen- ter for Poverty Research at UC Davis. His cross-discipline talk, "Unequal Chances of Un- equal Abilities? What De- termines Social and Eco- nomic Success?" will ex- plore his current research on the history and nature of social mobility based on the status information found in surnames. The author of "A Fare- well to Alms" and "The Son Also Rises," Clark holds ac- ademic degrees from Kings College and the Univer- sity of Cambridge in Cam- bridge, England; Harvard; and UC Davis. CHICO STATE Renowned economist slated for campus talk Asaninvestor,youmaybe gaining familiarity with the term "market correction." Butwhatdoesitmean?And, moreimportantly,whatdoes it mean to you? A correction occurs when a key index, such as the S&P 500, declines at least 10% from its previous high. A correction, by definition, is short-term in nature and has historically happened fairly regularly — about once a year. However, over the past several years, we've experienced fewer correc- tions, so when we have one now, it seems particularly jarring to investors. How should you respond to a market correction? The answermaydepend,tosome extent, on your stage of life. If you're still working … If you are in the early or middle parts of your work- ing life, you might not have to concern yourself much about a market correction because you have decades to overcome a short-term downturn. Instead of sell- ing stocks, and stock-based investments, to supposedly "cut your losses," you may find that now is a good time to buy more shares of qual- ity companies, when their price is down. Also, you may want to use the opportunity of a correction to become aware of the need to peri- odically review and rebal- ance your portfolio. Stocks, and investments contain- ing stocks, often perform well before a correction. If their price has risen greatly, they may account for a greater percentage of the total value of your port- folio — so much so, in fact, that you might become "overweighted" in stocks, relative to your goals, risk tolerance and time hori- zon. That's why it's impor- tant for you to proactively rebalance your portfo- lio — or, during a correc- tion, the market may do it for you. To cite one as- pect of rebalancing, if your portfolio ever does become too "stock-heavy," you may need to add some bonds or other fixed-rate vehicles. Not only can these invest- ments help keep your port- folio in balance, but they also may hold up better during a correction. If you're retired … After you retire, you may need to take money from your in- vestment accounts — that is, sell some investments — to help pay for your cost of living. Ideally, however, you don't want to sell stocks, or stock-based vehicles, dur- ing a correction — because when you do, you may be "selling low." (Remember the most common rule of investing: Buy low and sell high. It's not always easy to follow, but it's still pretty good advice.) So, to avoid being forced into selling, you need to be prepared. During your re- tirement years, try to keep at least a year's worth of cash instruments on hand as well as short-term fixed income investments. By having this money to draw on, you may be able to leave your stocks alone and give them a chance to recover, post-correction. And it's important to maintain a reasonable percentage of stocks, and stock-based vehicles, in your portfolio, even during retirement — because these investments may provide the growth necessary to help keep you ahead of inflation. Conse- quently, as a retiree, you should have a balance of stocks and stock-based ve- hicles, along with fixed- income vehicles, such as bonds, certificates of de- posit, government securi- ties and so on. Being prepared can help you get through a correc- tion — no matter where you are on life's journey. Thisarticlewaswritten by Edward Jones for use by your local Edward Jones Financial Advisor. Susie Mustaine is a financial advisor for Edward Jones, her office is at 2130 Main St., Ste. B, in Red Bluff and she can be reached at 527- 4729 or susie.mustaine@ edwardjones.com. FINANCES How should you respond to market 'correction?' CONTRIBUTEDPHOTO Cowboy Golf Tournament 2015 Market Watch D DowJones 16,431.78 -188.88 D S&P 500 1921.27 -24.23 D Nasdaq 4503.38 -67.03 PineStreetPlaza 332 Pine Street, Suite G Red Bluff, CA (800) 843-4271 Every Wednesday March 2, 9, 16, 23 & 30 Stacy Garcia, Hearing Aid Dispenser Lic. No. HA-7440 NBC-HIS, Certified by the National Board of Certification in Hearing Instrument Sciences Smog Check (MOST CARS & PICK-UPS) 527-9841 • 195 S. Main St. starting at $ 29 95 + $ 8 25 certificate Shop Equipped With 4SmogMachines For Fast Service No appointment Needed 744 Main St., Red Bluff GIFTS FOR BIRTHDAY OR ANNIVERSARY! ★ BOHEMIANGLASSWARE ★ MURANO VASE/PLATE ★ SWAROVSKI CRYSTAL ★ TEA POT PAPERWEIGHT ★ BEADED BAG/ JEWELRY NOTARYPUBLICAVAILABLE COME&SHOPWITHUS HighqualityeducationinRedBluff Sacred Heart School www.shsredbluff.org Language Institute • English/ Spanish Dual Immersion Classes •Transitional Kindergarten •Multi-cultural experiences •Highly trained staff • Small class size • Parental Involvement 2255 Monroe Ave. (530) 527-6727 Bi-lingual Education 2255 Monroe Ave. (530) 527-6727 BUSINESS » redbluffdailynews.com Wednesday, February 24, 2016 » MORE AT FACEBOOK.COM/RBDAILYNEWS AND TWITTER.COM/REDBLUFFNEWS A4