The People are FED UP!!!

The people has had it. No, they will not let the Bill pass, and the Congress is behind them.

That's it. The Bill to rescue dying financial institutions with US$700 billion (read: the taxpayers' money) has been rejected.

I'm expecting to see the market plummet (not that it hasn't already, Dow is down 700 over points!) further and further until a new proposal is put in place, we should see another rally. If the proposal fizzles, another fall. Another proposal, another rally. Is anyone able to predict what is going to happen?

The last few days, I've met with fund managers, managed accounts managers, read articles from economists, columns from newspapers, etc. Many said that the Bill "sure push through one!" "Even Warren Buffet has bought Goldman Sachs."

Hmmm... So is Warren Buffet wrong? Probably not, in the long term. But certainly he gave me the impression that he was confident that the Bill will come through. He made very clear that he supported the Bill, and I don't fault him on that, but I think he too was surprised that Congress did not let it come to pass.

At this point in time, I think very few people are left to say, "The Dow has dropped so many points! It's cheap! Let's buy!" Because we REALLY know that it is likely to drop even further. While this is not about timing the market, this is common sense...

So, how do you think you should be doing your investments today? Stay in the sidelines for an indefinite period of time and let the Inflation Monster slowly chomp your money away? Rake up a huge amount of money like Warren Buffet and put your bets on things that have been proven to be impossible to predict anymore? Or enter the market slowly but steadily - tiny but sure investments, minimizing inflation losses, expecting to reap greater profits when the market recovers?

Energy comes out to play

When the stock market is down, energy comes out to play...

Ripped from http://finance.yahoo.com/career-work/article/105812/Fortune (Shhh... don't tell them!)

Fortune's 100 Fastest-Growing Companies
Corporate America's supercharged performers

1. Arena Resources
Rank:1 (Previous rank: 3)
Eight-year-old oil and gas producer has grown by buying properties in New Mexico and Texas.

2. T-3 Energy Services
Rank:2
Oilfield equipment maker fills orders from the Middle East to Russia.

3. Allis-Chalmers Energy
Rank:3
Oil and gas services firm has been on an acquisition binge over the past six years.

4. Bucyrus International
Rank:4
Wisconsin-based manufacturer specializes in equipment for mining coal and copper.

5. DXP Enterprises
Rank:5 (Previous rank: N.A.)
This 100-year-old company supplies pumps and more to industries including oil and gas.

6. National Oilwell Varco
Rank:6 (Previous rank: 28)
Houston-based oil and gas services outfit makes products under 115 brand names.

7. Sigma Designs
Rank:7 (Previous rank: N.A.)
Makes chips that power new media toys like Blu-ray DVD players and high-definition TVs.

8. Atwood Oceanics
Rank:8 (Previous rank: 53)
Offshore driller's eight rigs sit in waters all over the world; No. 9 is being built in Texas.

9. Intuitive Surgical
Rank:9 (Previous rank: 4)
California firm makes and services surgical robots that allow for less invasive procedures.

10. Freeport-McMoRan
Rank:10 (Previous rank: 19)
World's largest publicly traded copper producer has soared with commodities prices.

For FORTUNE's full list of fastest-growing companies, click here.
Copyrighted, Fortune. All rights reserved.

A good thought to think about -- is this therefore a good time to jump heavily into energy?

Warning words from history's lessons - market correction. Then again, another warning - attempting to time the market?

Else, dollar cost averaging is still not a bad idea if you're not gonna take chances and want to start coming to the energy market now. Either ways, it's likely to straighten out over the years. However, how are you managing your expectations?

A solution in this mad-cap investment climate

Believe it or not, opportunity is still waiting in this crazy investment climate. Most investors have fled for cover, but did you find out why they did so?

Possible reason 1: "Because I don't know what to do now."
Possible reason 2: "Because I don't know what to do now."
Possible reason 3: "Because I don't know what to do now."

Yeah, you get the point.

What if you know what to do? You probably will not take the uninformed approach and bury your head in the sand. Go read this latest article entry in my website, together with useful links which can be found at the bottom of the article. http://www.cedrictan.net/index.php?module=article&article=9249

This strategy won't make you money right away, though. It'd still take a while.

The First Entry

The First Entry on every blog I know begins with something like "Welcome to my blog. This blog is about blahblahblahblahblah..."

Well, you know this blog is about financial planning. How BORING can this get? And it gets worse - it's from a financial advisor from one of the most BORING countries in the planet - Singapore!

BORING!

But alas, there's one reason why I know I am unique and will not be BORING - apart from my thumbprint and the trademark smirk on my face. I'm gonna keep it short, sweet and fun (long BORING -- but insightful -- stuff can be found on my official website at http://www.cedrictan.net/). Let's see how I fair.

Financial planning is my specialty. Not that I am now filthy rich because of fantastic investments and business deals, but because it's the work that I have been doing for people. For the strangest mysteries besides the Bermuda Triangle and the disappearing dollar in my wallet, I've grown to appreciate and practice financial planning in a professional approach.

While I usually am curt and formally-dressed when I am at work, I prefer to kick back in my financial planning blog. This is me stripped away of the shirt and tie (but I'm still dressed!), cup of coffee on my table.

This is the financial planning journal in its candid sense.

Enjoy.