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4A – Daily News – Wednesday, March 31, 2010 Commerce business If you are a younger person rel- atively new to the idea of investing, the stock market's severe downturn that began October 2007 may have provided a dose of harsh reality. Like other investors, you may feel cautious about putting money to work in the stock market. While this is a natural response, the more appropriate course for most young adults who are beginning to earn income is to participate in the mar- kets as early as you can. While it is important to maintain proper expectations about the risk of market fluctuations in the short run, the most important fact for any young investor to keep in mind is that time is on your side. In fact, time is the greatest ally for any individual who can allow his or her money to continue to stay invested for decades. Those who get a jump-start on regular investing at a young age have the potential to profit in the years to come. There are notable advantages to investing early. Market fluctuations It is no secret that the stock mar- ket is a very unpredictable place to invest. Fast-developing events can quickly change the environment, and markets, especially individual stocks, have fluctuated wildly in both directions over short periods of time. But as you stay invested, you can potentially ride out fluctu- ations in the market. Consider the return history of the Standard & Poor's 500 stock index. (The S&P 500 is a common barometer of overall stock market performance and an unmanaged index of stocks. It is not possible to invest directly in the index.) The worst-performing 12-month period going back to 1970, saw the S&P 500 Index return -43.32 percent. By contrast, the best 12- month period for the Index result- Northeastern Califor- nia Small Business Devel- opment Center (SBDC) at Buttc College is present- ing a series of workshops for start-up and new busi- nesses. The workshops will be 6-8 p.m. Wednesdays April 7 to 28 at Butte College, 19 Williamsburg Lane, Chico. The cost for the series is $50 per person prepaid or $60 at the door. This 4- part training series pro- vides essential mforma- tion for individuals think- Expand the invest- ment time horizon out to ten years, and the best and worst average annu- al return ranges from 19.44 to -3.43 percent. The range of returns narrows even more sig- nificantly through a 20- year holding period. Since 1970, the average annual return through each 20-year period has ranged from a low of 7.10 percent to a high of 18.26 percent. & ed in a return of 59.26 percent. The broad range of returns demonstrates just how unpre- dictable the market can be in the short term. Alan The point is simple - the longer you keep your money the more likely you can take advan- tage of upswings in the market. The value of your portfolio may move up or down from time-to-time, depending on the direction of the market, but allowing your money to remain invested longer makes the return more predictable. Time can help you accumulate wealth Having more time to let your investments work is important to help you manage risk, but it becomes an even more important ally when it comes to accumulating assets. The longer you can let your money work for you, the more likely you are to build up your savings. This assumes that, in general, the market works in your favor over time. While that can't be guaranteed, historically, the market over time has trended higher. It also helps to begin investing as soon as you can and to do so regularly and on an ongoing basis. ing about starting a new business and new busi- ness owners. Topics include: New Foley enterprise When is a good time to start investing? This can make a significant differ- ence in the amount of savings you accumulate. If you are like most young people, you may not have a large lump sum to invest today. But if you have a source of regular income, you could set aside part of it each month into a mutu- al fund or other investment option to begin building your long-term nest egg. For example, an 18-year old who is able to put away $200 per month and con- tinues to do so up to age 65 could accumulate $870,370 by the end of that 47-year period. This assumes an average annual return of 7 percent, with no fees or taxes accounted for in the calculation. Consider what happens if the same individual delayed starting those contributions by ten years, but all other aspects of the invest- ment (7 percent return, etc.) remained the same. The account would have grown to just $417,462, which is less than half of what was accumulated by starting a decade earlier. Wait 20 years to start, and the account would have reached a value of only $191,200. That means less money available to meet your retirement income needs. While retirement seems far into the future, a concerted effort to put time on your side and invest early will give you much greater financial flexibility later in life. Consult with a financial advisor to determine the best investment strat- egy for you. Alan Foley is a financial advisor and business financial advisor for Ameriprise Financial, 2150 Main St., Ste. 8, and can be reached at 528-1328. New Venture Entrepreneurial Series at Butte College at Butte College. business orientation, mar- ket analysis, cost analysis, and business plan overview. Learn the legal requirements for business start-up, how to assess your market and calculate start-up costs, and how to plan for direction and to obtain funding. QuickBooks These workshops will be 9-11 a.m. Tuesday, April 20 The cost for the work- shop is $20 each prepaid or $30 at the door. This workshop provides an overview of QuickBooks Point of Sale Version 8.0. Exercises will include: nav- igating through Quick- Books Point of Sale, under- standing the key features of POS, and managing your business better on a day-to- day basis. Topics include: Easy Inventory and Vendor Management; Real- Time Sales Data and Tracking; Customer Information and Women’s Club gets chamber spotlight • Spotlight – Maywood Woman’s Club has been a member of the chamber since March of 2004, but they have been around since 1898. They will be celebrating the 100th year anniversary of their club house that was completed in April 1910. The club house, located at 902 Marin St. In 1908 Edward Garner Lewis, a pub- lisher felt that women’s suffrage was inevitable, formed the league as a way to promote not only his publishing business but to help obtain equal rights for women. He built University City, Missouri as the head quarters. Everything he did was to help women enter into male dominated areas of employment. Although the movement only lasted a few years, 38 chapter houses were built and 16 remain. The Corning Chap- ter of the American Woman’s League was organized by Arvilla Crawford-DeLuce, who was also the first president of the Maywood Woman’s Club. The chap- ter was awarded its house when they obtained 70 members n the summer of 1909. At the time of con- struction it was state of the art, sporting a kitchen, electric lights, and running water at the cost of around $2,500. Placed on the National Register of Historic Places in 1992, the club house is the only building in Corn- ing, and one of ten in the county to hold this honor. The Maywood Woman’s Club ladies have been working for several years to raise money to start a restoration project on the club house. Linda Daniels- Lima, President said, “We are very close to our goal and are looking forward to start the needed beautifi- cation and repairs of our historic, quaint home, because personally, locally and historically this place matters.” • Census 2010 – If you have any questions about filling out your census questionnaire you may come here to the chamber office, 1110 Solano St., from 9- 11 a.m. and 2 – 5 p.m. Mondays, Tuesdays and Thurs- days. Gary Woods will be here to answer any ques- tions you might have. • Food Drive – Fountain of Health is holding a Tracking Purchases: Inte- grating POS with Quick- Books Financial programs; Reports; Built-in Credit and Debit Card Processing; Ability to Offer In-Store Charge Accounts; and Gift Card Services. The trainer is a certified QuickBooks ProAdvisor and a CPA with accounting expertise. Includes Point of Sale man- ual. Pre-registration is required for both programs offered. For more informa- tion or to register call 895- 9017. food drive, Thursday, April 1. You can join for $25 and a bag of non-perishable groceries. Donations go to Corning Christian Assistance. At 7 p.m., Tuesday, April 6, Line Dancing, April 7, Level 1 & 2 Hatha Yoga. Watch for self-defense classes with Greg Blan- co coming soon. This column is prepared and submitted by the Corning Chamber of Commerce. Tehama County Business Spotlight Highlighting selected Tehama County businesses for their customer and community service! Hoping the community of Corning will welcome Lindsay Schneider to Price’s Pharmacy. Lindsay is a registered pharmacist for 17 years. Please come in and say hello. Price’s Pharmacy Pharmacy / Sundries / Gifts 1322 Solano St. Corning 530-824-3495 Local Businesses create and maintain jobs, provide personal customer service, donate to local charitable causes and community betterment projects, generate sales tax revenue ... and turn cities into communities. We hope you will always remember to shop locally first for the goods and services you need! D NEWSAILY RED BLUFF TEHAMACOUNTY T H E V O I C E O F T E H A M A C O U N T Y S I N C E 1 8 8 5 10% OFF TOTAL BILL with coupon Expires 4-30-10 COUPON Open 7 Days A Week LUNCH Buffet Adult: $6.99 Mon-Sat. 10:30am-3:30pm DINNER Buffet Adult: $9.99 Mon-Thurs 3:30am-9:30pm Fri-Sat 3:30-10:30pm Carry-Out Buffet Lunch $3.50 / Lb. • Dinner $4.50 / Lb. All Seafood $6.50 / Lb. Financial Management Training series for existing businesses The Northeastern California Small Busi- ness Development Center (SBDC) at Butte College is pre- senting a series of workshops, "Financial Management Training for Existing Business- es." The workshop will be from 6 to 8 p.m. on Tuesdays, from April 13 to May 11, at the Northeastern Califor- nia Small Business Development Center at Butte College, 19 China Buffet CHINESE RESTAURANT SUNDAY $ Buffet 10.99 All Day DRINKS with coupon FREE Expires 4-30-10 COUPON 343 S. Main St. Red Bluff 530-529-5888 (No Checks) Wiiliamsburg Lane, Chico. The cost of the workshop is $75 per person preregistered and $85 per person at the door. The five-week series designed to teach existing busi- ness owners how to manage your business fmancials for success. Series Topics include: Interpreting financial atatements, identify- ing your cash flow cycle and how it impacts your fit busi- ness, learning how to calculate and use financial ratios to troubleshoot fiscal dangers and improve performance, using financial tools to make good business deci- sions and developing forecast and budget techniques to improve profits. This workshop is for existing businesses only. Pre-registration is required. To register call 895-9017. Unique Consignment Boutique Act II Wedding Gowns Now carrying a bigger selection of Accessories New & Gently Worn Also Bridal Wear and Tuxedo Rentals 707 Walnut St., Red Bluff 527-4227 • Easter Egg Hunt – Just a reminder that the El Camino Methodist Church will be having their annu- al Easter Egg Hunt at 8345 Hwy 99W 11 a.m., Satur- day April 3 and it is free. Everyone is invited. • Sponsor Book – The Corning Chamber of Com- merce is already working on the May Madness Car Show sponsor book and the deadline is coming up soon. Putting the book together is time consuming and we want to have them printed and to the public before the car show. We hope that you, as a member of the chamber will advertise in the book, but you don’t have to be a member to advertise. If you did not receive a form, please call the chamber at 824-5550 and we will send you one. Thank you for taking the opportunity to advertise and help with the car show. ———