Finance, Personal

If I Win 900M Pesos

During our Sunday family lunch, I overheard my uncle’s plan if ever he wins the lottery. Technically, you only get 720M out of the 900M cash prize since the government takes away 20%. He’ll splurge 120M and put the remaining 600M on a time deposit, earning him 6M a year at 1% annually. Not a bad plan, but the inner fund manager in me thinks I can do a better job at managing that kind of amount.

Here’s my plan. In summary, 180M goes to tax, 120M goes to necessities and splurging, 155M goes to businesses (earning 40M annually) and 445M goes to investments (earning 14M annually). Conservatively, I can earn 54M per year or 5.5M per month, much of which will be plowed back to the lending company.

By the way, I thought it would be easy to spend almost 1B pesos, but it’s harder than I thought.

Image result for lottery

Real Estate and Cars. I’ll be investing in a 1-bedroom condominium in The Viridian (15M) in Greenhills because I feel at home there. Been hanging out in that area since I was young and it’s at the center of Metro Manila. Will also build a simple Scandinavian-inspired house in Valle Verde or Greenhills (35M). We have a property in Tagaytay midlands so I’ll build a modest rest house there (15M) For my own car, I’m not sure if I’ll get a BMW 3 Series (3.5M) or a vintage 90s BMW. I’ll also buy a Mazda CX-9 (2.6M) for the family.

Student Loan and Youth Org. I think I still owe the Asian Institute of Management 800K so I’ll pay that off. For the past year, I’ve been actively involved in a religious youth org as their finance officer. I’ll donate 1M to startup a business to make their operations sustainable.

Shopping and Travel. I try to be a minimalist and majority of my clothes are from Uniqlo so I’ll only splurge 500K for shopping. 1M will go to my travel fund so I can do volunteer work in Eastern Europe for 2 months, I’ll go around South America for a month and will try to visit the North Pole to see the aurora borealis.

Insurance, Savings and Venture Capital Fund. I’ll allocate 500K to buy health and life insurance for the family, 10M will go to savings distributed among 5 commercial banks. Together with some classmates from grad school, we’ll put up a VC fund with an initial capital from me amounting to 20M.

Online Magazine. I used to have a passion project related to online magazines so I’ll put in 5M to start a new one with my brother since he knows this industry well.

Below is a spreadsheet that I made outlining the investments in business and funds that I’ll make.

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Jollibee and Mang Inasal. These food franchises have some of the best return on investments in the industry. Will setup a Jollibee (40M investment, 1.2M net income per month) and Mang Inasal (20M investment, 1M net income per month) in an emerging town somewhere in Pampanga, Cavite or Laguna.

Apartment Building and Commercial Complex. Will also build two 10-door apartment buildings (20M investment, earning at 150K monthly) in Cavite or Laguna near an industrial park, and a small commercial complex in a rural area (20M investment, earning 180K monthly).

Lending Company. My main income will be from the lending company (50M initial loan portfolio, lent at at least 5% per month, net of 20% per year) that we’ll set up. My previous jobs in commercial banking and consumer financing makes me confident that we can pull this off. Also, we have technology that can take care of lead generation, credit scoring, distribution and collection to anywhere in the Philippines. The portfolio will consist of salary loans in close partnership with employers, and SME loans.

Development Financing Companies. 50M (earning 6% annually) will be invested in SEDPI, a development financing company where I have a board seat. 30M will be split equally between two strong credit coops – NSCC in Ilocos Norte (8% yearly interest) and ARDCI in Bicol (5% yearly interest).

Time Deposit. 30M will be split equally between BDO and BPI time deposits, earning conservatively at 1% for 360 days. This is just for capital preservation.

Stock Trading. I’ll give 20M to my younger cousin who can play with the fund and give hopefully at least 8% annual return. He started when he was in college, losing 500K of personal money. Now I guess he’s more knowledgeable because of that loss.

Local Funds. I’ll dedicate 50M to be invested in ATRAM and Phil Equity funds, earning at an average of 3% annually. These can range from mutual funds, fixed income securities, feeder funds, etc.

Foreign Funds. Most of my money will be split in foreign asset management companies / banks, and I expect these funds to earn at least 2% annually. HSBC HK gets 50M and Citigold SG gets 50M. I’ll put in 80M in Credit Suisse and another 80M in UBS.

Crypto Market. I still think that blockchain is the future so I’m setting aside 5M in for the crypto market and I’m hoping it will earn at least 1% yearly. This will be invested in Invsta, a New Zealand company.

Now that I have a plan, time to line up in the nearest lottery outlet and pray that luck will be on my side!


When to Pull the Plug

Every family hopes that whenever a relative gets admitted to the hospital, that relative will be released in a matter of days or weeks feeling healthier than before. You hope that despite the high cost of healthcare in this country, it will be worth it, because no amount of money can replace a human life.

But there will be those moments when hope is bleak, and there is no light at the end of the tunnel. There are moments when you question, up to what extent should you “save” a life? What if the patient has been in the intensive care unit for two months with stage 4 kidney and lung cancer, and is already 71 years old? What if your family has spent an equivalent amount that can send two kids to Harvard Business School, and it seems like there is no hope for improvement? But what if that elderly patient wants to cling to life, and her sole daughter is still in college?


I wasn’t able to sleep well last night because of those thoughts. The head of our family, my 74 year old uncle, is the one who decides on these things and he’s the one paying for most of the hospital fees for his brother, but I still feel responsible. You have to contribute what you can. I’m amazed that he’s willing to spend his lifetime savings to extend the life of his brother for only a matter of weeks or months. I hope it could be years, but we had to face the facts.

Sunday family lunches have been tense because of the situation. I can feel that as much as possible, everyone is trying to avoid talking about it. As an economist, I would like to ask if spending a hundred thousand pesos a day justifiable to extend the life of a person who is dependent on machines to eat, breath and perform all basic functions of a living being. In these situations, when do you pull the plug and admit defeat?


Birthday in Tokyo

I learned that I had only 5 days to prepare for a flight to Tokyo, and the 3 days that I was there coincided with my birthday and the full bloom of the cherry blossoms that season! My head was screaming of excitement!

I try to go to Japan once a year, but last year, I wasn’t expecting a trip there cause of grad school. I guess my fairy godmothers were listening and decided to grant my wish! It was only when I was already inside the train from Narita to Ueno, when I started seeing the uniform gray houses and the bursts of pink from the cherry blossoms, that it finally dawned on me that I’m in legit Tokyo.



I usually go during the low season because I’m not fond of crowded tourist areas, but when I got to Ueno park where there is a high concentration of cherry blossoms, I realized that even the locals feel like tourists themselves. It turns out that these pink ornaments are present only for 2 weeks per year.

How can something so beautiful be so fleeting? Maybe it was made that way for us to value it more.






The real reason why I’m in Tokyo is because I had to deliver a one day training on social entrepreneurship as part of the OFW program of the Ateneo School of Government. The program has existed for more than a decade and I was happy to have found the right partner last year to launch it in Japan.

I did my best to make it really fun and practical. I know the feeling of beings stuck in a lecture from morning ’til evening so I had to make it really engaging.


During lunch time, they surprised me with a birthday cake! What made it more special was that after 4 hours of meeting them for the first time, they were already cheering me a happy birthday! I was really touched by their gesture.



The next day, I was already set to leave. My train will be from Ueno to Narita and I still had time to spare so I walked around Ueno park again to look at the cherry blossoms. From afar, I can hear the strumming of a classical guitar but amplified all over the park. I finally saw where the sound was coming from.

Under the drizzling sky and the falling petals of a cherry tree, I saw the this artist strumming and tapping his guitar with so much soul that I was in awe for the next 20 minutes while he was playing. I think I even got teary eyed.


I celebrated my birthday before by watching the sun rise from the ancient temples of Angkor – a metaphor for our desire to build lasting legacies. Cherry blossoms are the opposite of that. They teach us to savour every moment that we have cause something as beautiful as this life is fleeting, ephemeral.


Museum of Islamic Art

Before our first dinner meet up with the other startup founders in Four Seasons that night, we had a spare time so my boss and I decided to go to the Museum of Islamic Art. The building is an art itself! It looks regal and modern at the same time because of the clean lines.


As you go in, you are welcomed by this ornate masterpiece suspended at the ceiling and strategically placed below the rooftop and in front of the window which opens you to Qatar’s skyline.



It felt very fresh, a feeling you wouldn’t normally associate with a museum. Would have wanted to get a cup of coffee but we were pressed for time so we had to rush.


This was my first time be in an Islamic museum so I wasn’t sure what to expect. I learned the Islamic religion does not allow the use of animals and people in art so that’s why they has to use geometric shapes for decorations. No wonder Algebra originated from this part of the world.




There were the usual paintings and pottery, but I especially enjoyed the jewellery and weapons exhibit. I was wondering if the weapons were hunted because of the many lives it must have taken.





This museum has got to be one of the most beautiful that I have seen. Especially when the sun is about to set, you can really see the glow of the desert reflected by the walls of the museum.



Museum Opening Times

Sunday 9:00am to 7:00pm
Monday 9:00am to 7:00pm
Tuesday 9:00am to 7:00pm
Wednesday 9:00am to 7:00pm
Thursday 9:00am to 7:00pm
Friday 1:30pm to 7:00pm
Saturday 9:00am to 7:00pm

Last admission 30 minutes before closing. Galleries, Gift Shop and Café close 15 minutes before closing.


Innovation, Personal

Of Camels and Space Travels

I’m excited for the next few days! We’ll be in Doha for about a week and I’m crossing my fingers, hoping that I can ride a camel in the desert. I might even watch Sex and the City 2 just to get myself in the mood. Cause it was shot in Dubai and they were riding camels and having picnics in the desert.

We’re going to Qatar because of their annual research conference. I’m looking forward to meeting some of the companies that are trailblazers in their respective industries – especially those who deal with space travel! One of which is Gilmour Space whose goal is to provide low-cost access to space, and to enable human spaceflight and exploration. Decades from now, your company outing might actually on the moon!

Infostellar is a company that also supports space travel by creating a deep space internet for a spacefaring humankind. Makes sense. How else will you Instagram back to Earth your selfies with Saturn’s rings if you don’t have internet, right?

Since we’re in the topic of space, it might be worth mentioning a quote that I really like from Stephen Hawking. “We are just an advanced breed of monkeys on a minor planet of a very average star. But we can understand the Universe. That makes us something very special.”

Westerlund 2 — Hubble’s 25th anniversary image

The Hubble telescope reveals that there are at least 100 billions of galaxies in the universe, maybe even double that as tech for telescopes progress.In a galaxy, there might be 100 thousand million stars. I can’t even fathom the number, much more the intricacies of each of those galaxies. One cannot help but think that there may be other lifeforms out there and I would want to live long enough to not just understand, but experience the universe itself.

Since I’m so pumped up for this trip, I even bought a new camera, also as an advanced birthday gift for myself. I’ve been shooting before using a DSLR so handling this entry level Fujifilm mirrorless camera won’t be a problem.


So there, I’m quite excited to ride camels and pick the brains of the startups who deal with space travel. The next days might be gruelling, but will still try to update this blog as often as I can.


Sucking Out All the Marrow of Life

“I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived… I wanted to live deep and suck out all the marrow of life…” – Thoreau

I stumbled upon a Ted Talk earlier given by this adventurer who’s a year younger than me. He talks about the pursuit of life and describes it as an alternative, at the same time an intersection of our usual pursuits, such as career, success and happiness. It gave me a subtle nudge to evaluate the recent life choices I made, especially that I’m turning another year older next month.


Back when I was 21, just fresh out of college, I started this online magazine – – that became a portal for stories of Filipinos 25 years old and below who excel in their own fields, and can inspire people to act on their passions. We even got interviewed on TV and radio! Looking back, I guess even at that age, I don’t want passion to escape me. I was afraid that since I was working in a bank, I would be swallowed by the “system” so I should do something different. I want to collect stories as much as I can because through them, our readers (hitting 4,000 in a day at its peak) and our team would be challenged to move and just do what we love.

Several years after, I launched another online magazine – Dare.PH – which served the same purpose as ManilaKid, only that it is more mature now. I would always say that we publish chismis that inspires. Cause like gossip, I want the good news to spread like wildfire. Having those stories dared me to get the most out of life.

I guess that fear of dying inside came from my experience with my dad. He passed away because of depression. All the money and technology in the world cannot save you if you lose the will to live. I guess his death serves as a reminder that for those of us who choose life, we should make each of those 24 hours in a day count.

We work usually 8 hours in a day, travel for 2, eat for another 2. You sleep probably for 7 to 8 hours, so that means you still have another 4 or 5 hours to do something productive. Can’t see the value in that? Multiply that into months or years, and it will change the way you spend time.

Lately, I have been able to get into the flow of writing. I’m learning how to play the flute and might even go back to painting. I need to climb more mountains, watch more sunsets, visit more islands, spend more time with quality people and just keep on sucking out all the marrow in the 24 hours that we are given in a day. As I turn 28 in a few days, I only wish that I would have the same curiosity and desire for life in the years to come.