Robert N. Franz's Quest to Handle Money Effectively
Bob Does Everything Backwards: Writing Out of an Illness
I am moving in this piece from the specific to the general. Specifically we are taking risk but generally with our investments we have remained conservative.
First I want to tell you what was just done by me. Over a year ago I purchased stock and took risk in Sinovac (SVA) a vaccine company in China that had been trying to find a vaccine for rabies. Over the course of 2014 this was one of the only stocks that lost money for me -- as well there was no headway in finding a cure. Luckily, I did not spend more than 2% of our portfolio on this -- the maximum risk I ever took. Other investments made us do better.
This morning I traded that money for stock in GlaxoSmithKline a pharmaceutical and vaccine company based in London.(1/27/2015) GlaxoSmithKline has many products including over-the-counter remedies, breathing concoctions and apparatus, vaccines and psychiatric drugs. In 2012 they were sued for over advertising Paxil and Wellbutrin. Their 1 billion dollar loss showed that they cannot fool with psychiatric patients. I feel that they have learned a lesson. Now, the true good functioning for mental patients should be appreciated.
Now I feel more comfortable in investing in such a company.
Let me explain. Leslie Jeanne Breton Franz is my wife of 26 years. Ernest Breton PhD was Leslie's father who passed on in 2010 and left his family -- 3 daughters, a first wife and a second wife -- money to share. Leslie inherited a pension by working for him for years. "Ernie" -- as he always wanted to be called by all his family members -- had been a researcher for the DuPont Company before venturing out on his own in business. His oldest daughter Leslie not only dearly loved him, but worked for him as well. At his death, Leslie, stayed by his bedside in Louisville, Kentucky for two weeks along with his beloved Ruth -- his second wife. They both were present to witness his last breath. They both cared for him deeply.
Now, Leslie does not want to take chances with the money she inherited. She does not have complete confidence in herself with how to invest so she trusts me to do it. We have kept our stocks and bonds. I have received guidance by my father who had been an excellent businessman in his own right. Now that the market is doing a little better we have moved somewhat towards stocks. The only chance I took was a small amount on Sinovac -- the Chinese Vaccine company. Since it did not work in one year I moved to a more diversified pharmaceutical company. All else remains generally the same except for the fact that I purchased certain stocks that would give us dividends on each quarter of the year. To tell you the truth we don't even expect these checks and they seem like payments from heaven. Secondarily, some mutual funds put the dividends right back into the fund and as a result each fund grows.
In fact, we have made a profit and can prove it. We have money to purchase and keep 40,000 dollars in equity life insurance for us. We have purchased a good functioning car for 16K and have the money to keep it up. Finally, I have a pension that I have not used from the YMCA for over $14,000. All of this has come to us by only spending a little over 5K from Leslie's inheritance. That means that even though we have had to spend only $5,000 all the aforementioned have come to us. "May God be praised."
So you see that even in tough times there can be a glimmer of hope if you seek and look for it. Budgeting does help greatly, but it is necessary to be guided in the future.The Pocket Idiot's Guide to Living on a Budget
Please, Lord, let the value come. Please see that good sense can come from careful risk in simple ways.
Wishing for answers just doesn't come easily. For what I have to do takes some willingness to take a risk. Soon I hope to publish and sell my book - "The Stigma of the Mentally Ill: Bob Does Everything Backwards". Sincerely I want this to be a successful venture -- I desire others to want to read about the experiences of two mentally ill lovers in this literary-nonfiction story. The public needs to know about the truth behind mental illness. I continue to put my time and money into the promotion of this work. The exposure is definitely a worthwhile vocation to show to the world.
Thank you for allowing me to have the common sense to not only check with others who are more knowledgeable, but also to let me know that "enough is enough" when moving down the wrong road of uncertain investment. My goal now is to be like those -- those like Oprah, or David Letterman -- who invest in themselves. For those reasons I continue to work on the perfection of "The Stigma of the Mentally Ill: Bob Does Everything Backwards". I believe in myself. I believe in what "We" do.
At least -- at the very least I am not afraid of trying new ways. The horizon has choices on it -- it is okay to safely experiment. The right shall prevail. Please watch for my success -- for I know that something positive will happen.
Sincerely,
Robert N. Franz
I am moving in this piece from the specific to the general. Specifically we are taking risk but generally with our investments we have remained conservative.First I want to tell you what was just done by me. Over a year ago I purchased stock and took risk in Sinovac (SVA) a vaccine company in China that had been trying to find a vaccine for rabies. Over the course of 2014 this was one of the only stocks that lost money for me -- as well there was no headway in finding a cure. Luckily, I did not spend more than 2% of our portfolio on this -- the maximum risk I ever took. Other investments made us do better.
This morning I traded that money for stock in GlaxoSmithKline a pharmaceutical and vaccine company based in London.(1/27/2015) GlaxoSmithKline has many products including over-the-counter remedies, breathing concoctions and apparatus, vaccines and psychiatric drugs. In 2012 they were sued for over advertising Paxil and Wellbutrin. Their 1 billion dollar loss showed that they cannot fool with psychiatric patients. I feel that they have learned a lesson. Now, the true good functioning for mental patients should be appreciated.
Now I feel more comfortable in investing in such a company.
Let me explain. Leslie Jeanne Breton Franz is my wife of 26 years. Ernest Breton PhD was Leslie's father who passed on in 2010 and left his family -- 3 daughters, a first wife and a second wife -- money to share. Leslie inherited a pension by working for him for years. "Ernie" -- as he always wanted to be called by all his family members -- had been a researcher for the DuPont Company before venturing out on his own in business. His oldest daughter Leslie not only dearly loved him, but worked for him as well. At his death, Leslie, stayed by his bedside in Louisville, Kentucky for two weeks along with his beloved Ruth -- his second wife. They both were present to witness his last breath. They both cared for him deeply.
Now, Leslie does not want to take chances with the money she inherited. She does not have complete confidence in herself with how to invest so she trusts me to do it. We have kept our stocks and bonds. I have received guidance by my father who had been an excellent businessman in his own right. Now that the market is doing a little better we have moved somewhat towards stocks. The only chance I took was a small amount on Sinovac -- the Chinese Vaccine company. Since it did not work in one year I moved to a more diversified pharmaceutical company. All else remains generally the same except for the fact that I purchased certain stocks that would give us dividends on each quarter of the year. To tell you the truth we don't even expect these checks and they seem like payments from heaven. Secondarily, some mutual funds put the dividends right back into the fund and as a result each fund grows.
In fact, we have made a profit and can prove it. We have money to purchase and keep 40,000 dollars in equity life insurance for us. We have purchased a good functioning car for 16K and have the money to keep it up. Finally, I have a pension that I have not used from the YMCA for over $14,000. All of this has come to us by only spending a little over 5K from Leslie's inheritance. That means that even though we have had to spend only $5,000 all the aforementioned have come to us. "May God be praised."
So you see that even in tough times there can be a glimmer of hope if you seek and look for it. Budgeting does help greatly, but it is necessary to be guided in the future.The Pocket Idiot's Guide to Living on a Budget
Please, Lord, let the value come. Please see that good sense can come from careful risk in simple ways.Wishing for answers just doesn't come easily. For what I have to do takes some willingness to take a risk. Soon I hope to publish and sell my book - "The Stigma of the Mentally Ill: Bob Does Everything Backwards". Sincerely I want this to be a successful venture -- I desire others to want to read about the experiences of two mentally ill lovers in this literary-nonfiction story. The public needs to know about the truth behind mental illness. I continue to put my time and money into the promotion of this work. The exposure is definitely a worthwhile vocation to show to the world.
Thank you for allowing me to have the common sense to not only check with others who are more knowledgeable, but also to let me know that "enough is enough" when moving down the wrong road of uncertain investment. My goal now is to be like those -- those like Oprah, or David Letterman -- who invest in themselves. For those reasons I continue to work on the perfection of "The Stigma of the Mentally Ill: Bob Does Everything Backwards". I believe in myself. I believe in what "We" do.
At least -- at the very least I am not afraid of trying new ways. The horizon has choices on it -- it is okay to safely experiment. The right shall prevail. Please watch for my success -- for I know that something positive will happen.
Sincerely,
Robert N. Franz
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