Thursday, January 01, 2015

My Privatized Social Security: Beating The Snot Out Of SS Without Even Really Trying

A few years ago  the .gov types here in the U.S. decided to give us working stiffs a 2% Social Security payroll tax holiday. They hoped we would all rush out and spend it so they could thump their chests over a meaningless GDP bump. If I recall correctly, most people were not even aware of the holiday (and much hilarity ensued when it ended, leaving a lot of folks in the following year thinking that their employer had cut their pay...).

I did something a bit different with my funds from the holiday: I put every penny of it into a Roth IRA. I contributed no other funds to this particular account so that it would be originated 100% with retained SS funds from start to finish.

This was my small effort at privatizing the Social Security money that is ordinarily stolen from me, privatization of that system being something that's sometimes proposed, and always disparaged as nonsense, unworkable, unfair, etc. by statists. It was a chance to have something to show for the portion of my work that .gov typically extracts from me at gunpoint and promptly throws down a hole, to show that I can in fact do better than SS. 

I have those funds invested in various dividend paying stocks, which are set to reinvest dividends. Occasionally, I'll trade out of a position that has increased in value, which drops its relative yield percentage, in favor of another opportunity yielding a greater amount. 

I don't know why I didn't track the increase in the total income of the portfolio from the very beginning, but this past August I decided to do so.

Since August 5th of 2014, up through yesterday, December 31st, my various buys, sells, and dividend reinvestment grew the income of the portfolio by 29.63%.

That's the increase in revenue I gained in only four months!

Can I repeat this performance in 2015? Who knows. As they say in investing, past performance is not indicative of future results.

But I can say this with absolute certainty: that I was able to do this at all is due solely to the fact that I have those funds in my possession. What's stolen from me by .gov for the Social Security scam is just gone. I may never have the opportunity to use those funds in a similar fashion.

Ultimately I may not get to use the funds being generated within the IRA either, since the incredibly stupid activities of .gov has ensured financial ruin in the U.S., making retirement account confiscation a likely move for them eventually.

Regardless, I will at least be able to say, "I told you so."

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