The Financial Tightrope: A Drama in Three Acts (Part II)
Characters: RACHEL: A young professional trying to navigate her finances DR. RATIO: A stern financial advisor, representing pure rationality UNCLE REASON: Rachel's laid-back uncle, representing reasonableness CHORUS: A group representing the market, society, and inner voices ACT I: The Crossroads [A dimly lit stage. RACHEL stands center, looking confused. On one side stands DR. RATIO, on the other, UNCLE REASON.] RACHEL: (to audience) I've saved up some money, and now I need to decide how to invest it. But I'm torn between two very different pieces of advice. DR. RATIO: (stepping forward, voice authoritative) The optimal strategy is clear. Based on your age and risk tolerance, you should leverage your investments two-to-one. The math is indisputable. UNCLE REASON: (chuckling) Now, now. Rachel, honey, don't let those numbers scare you. Why not start with something simple? A nice balance of stocks and bonds that lets you sleep at n...