Social Security Beaten by Monkey
A new video, produced by Freestar Media, LLC (viewable at http://www.freestarmedia.com), shows a monkey throwing darts at investments and getting a better rate of return than humans throwing darts at a board representing the rates of return of Social Security.
Los Angeles, Calif. (PRWEB) June 15, 2005 -- A new video, produced by
Freestar Media, LLC (viewable at http://www.freestarmedia.com), shows a monkey throwing darts
at investments and getting a better rate of return than humans throwing darts at
a board representing the rates of return of Social Security.
The video,
which was sponsored by a California car dealership, is part of a new wave of
"viral videos" circulating on the Internet. "Viral videos" are spread with the
same geometric expansion as written jokes passed around by e-mail. They allow
independent video producers finance their work through ad sales while
distributing their content to millions for free.
In Freestar's video a
monkey threw Velcro ball darts at nine investments: the three largest
diversified mutual funds, adjusted for inflation and fees, the mutual funds that
the government offers its own employees, known as Thrift Savings Plans C, F and
G. adjusted for inflation and fees, and the long-term inflation-adjusted
averages: of large company stocks, long-term corporate bonds and long-term
government bonds.
Humans threw darts at Social Security's returns for
nine different demographics: a single male born in 1950, a single female born in
1950, a double earner family with two kids with the parents born in 1950, a
single male born in 1960, a single female born in 1960, a double earner family
with two kids with the parents born in 1960, a single male born in 1970, a
single female born in 1970, and a double earner family with two kids with the
parents born in 1970.
The rates of return for Social Security were based
on a Social Security Administration trustee's report analyzed by the Heritage
Center for Data Analysis. The rates of return for stock and bond investments
were based on long-run stock returns as reported by Ibbotson Associates analyzed
and adjusted for inflation by the Cato Institute. The Thrift Savings Program
returns were collected from the Thrift Savings Program Web site. The rates of
return of the three largest mutual funds were gathered from the websites of the
companies that manage these funds. All numbers were rounded to the nearest
decimal by Freestar Media, LLC which is the ultimately responsible for the
accuracy of the figures.
Freestar Media, LLC is a Los Angeles based
company that produces videos showcasing the clash between freedom and force. Its
founder, Logan Darrow Clements, hopes to spread the ideas of Objectivist
philosopher Ayn Rand with the same degree of financial success that Michael
Moore has enjoyed speading the ideas of Karl Marx. Freestar Media, LLC is solely
responsible for its content.
Contact:
Logan Darrow
Clements
Executive Producer
Freestar Media, LLC
Phone
310-795-2509
http://www.freestarmedia.com
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Source : http://www.prweb.com/releases/2005/6/prweb250953.htm