Three guys walk into…..

Three guys walk into a financial planner’s office with a Powerball ticket – MarketWatch http://ow.ly/X7iDL
– Most of the article is a bit sarcastic but the last part makes a lot of sense. I have saved it in case I ever win the lottery.
For all the groups, his first two pieces of advice are “don’t tell anyone” and don’t change your lifestyle for six months. Let the shock fade, and the blur of every idle want or desire you ever had flashing in front of your eyes slow down. The six months will let you figure out which desires are real and which are just bad ideas, too indulgent for the real you.Indeed, the striking thing about his advice (and similar thoughts published by Charles Schwab) is how little of it has to do with money. The key is being true to yourself. That’s especially true if the winner is young and susceptible to having their heads turned, he said.
“Remember this: Most financial advice is actually rather boring,” he said. “Put it away for a rainy day, some into safe investments, some into growth investments and, above all, understand that you did not all of a sudden become more intelligent. Do not take advice from people who you feel aren’t well-grounded.”
True on all counts, and pretty easy.

Say, I won the $1.2B in Powerball drawn last night. What do I do??

Here’s my plan: Take one year. Put the whole pile into triple tax-free municipal bonds. Keep working. If you take the lump sum of about $560 million after federal taxes (buy a house in a no-income-tax state before claiming the prize), and get 3% interest, it will turn into $16.8 million by this time in 2023.
Then pay off all the mortgages in your family. Pay everybody’s student loans. Set up trusts for relatives with special needs. Ask your church or house of worship what they need. Clean out the PTA’s entire bake sale. And you’ll still have maybe $13 million left, with another $17 million coming in a year, and no increase in sight in the number of meals per day or cars you can drive at once.

Visiting Tikal

In the late 1990’s, while I was in Guatemala, I took a weekend to visit the Mayan ruins of Tikal in the north of Guatemala. Tikal is set in the jungle bordering Mexico and British Honduras. There are a lot of Mayan ruins in both Mexico and Guatemala but the well known are Tulum, Copal, and Tikal. To get to Tikal from Guatemala city, we flew to the town of Santa Marta, then took a bus to Tikal where we spent the next two days exploring the lost city and all the ruins. 

You could sense the amount of time these pyramids have been in existence and what they have witnessed through the last four thousand years. 

The ruins of this Mayan city sit in the middle of the jungle north of Guatemala close to the border with Mexico and British Honduras. This city was complete with two temples at either end of a city square the length of many football fields.  For the next two days, we spent exploring the ruins. Walking up one of the pyramids was fun, hard exercise, and exhilarating at the same time. You could sense the amount of time these pyramids have been in existence and what they have witnessed. A civilization’s rise, zenith, and fall. Mother Nature taking over and completely burying the whole city in the jungle with trees, vines and dirt completely burying them. When they were discovered back in the 20th century, they had to literally dig the temples and courtyards foot by foot from the jungle around them. When we climbed to the top of one of the pyramids, we got caught in the rain and literally saw the rain approaching across the jungle from the other pyramid. It was great seeing the surrounding countryside above the tree line of the jungle.


We had lunch and dinner at a makeshift restaurant underneath the trees. It was local food and very tasty. All the exercise made us very hungry and tired. After lunch we explored some more. The next day we finished our exploring and got finished at 4pm. Then, it was time to go back to the hotel. We had a bus full of tourists and on the way out of Tikal, we found a French tourist lost in the jungle, left behind by his tour group, and wandering aimlessly. He spoke French only, so someone in the bus who spoke French determined the plight of the Frenchman and we took him back to his hotel to reunite with his group. A good deed for the day.

We spent the night day in a beautiful B&B outside of the town of Santa Elena. The B&B was in the woods and had its own lake. We went swimming in the lake and we were the only human beings there. Afterwards we sat by the edge of the lake and had a couple of beers and talked about Tikal and the experiences we had. We discussed how the people lived back then: farming, harvesting, keeping the jungle from taking over. The festivals and celebrations in the city with the king and the priests, the sacrifices, the games, etc. The common folk lived outside the city in little clearings and they all came to the city during the festivals and important days in the Mayan calendar. Afterwards, we had a great dinner in the B&B made up of local foods, a grilled steak, corn on the cob, potatoes and dessert. The next morning, we arranged for a tour of the town of Santa Elena with its submerged section by the lake where could still see buildings, telephone poles, churches, etc half out of the water.


We spent another day at Vieja Guatemala, an old capital by the foot of the water volcano. You could see evidence of past earthquakes and past civil wars in the facade of the Spanish style buildings and churches. The Cathedral was half destroyed by an earthquake and it has not been fixed yet. There was a heavy Government Force presence in the city, with heavily armed soldiers guarding the central square and all the government buildings around it. I bought trinkets at the local open air market next to the cathedral from a woman who had a baby on her back and several children in tow. I gave her a big tip for the kids. The many vendors were plying their wares to the tourists and local folks alike. 

We returned to Guatemala City and spent the last day there. The next day, we left via an early flight to JFK. It was a trip of a lifetime and a learning experience about the Mayan culture.

One final note, Guatemala is the top source of asylum seekers in the United States, with citizens fleeing poverty, violence, drought, and low coffee prices. It is another disaster for the descendants of the Maya who have going through a lot over the last 3-4 thousands years. 

But the descendants of the Mayas take everything in their stride and keep on living their lives. no matter what. 

Running Away

I was ten years old and running away from home while living in the Galapagos Islands. Galapagos – Why did I run away from home so much while I lived there? There are many reasons: I was mistreated, treated like a servant, took the blame for everything that went wrong, got beatings, went to bed without supper, and was very unhappy to be there with no hope of getting out until I turned eighteen years old. Continue reading “Running Away”