Big banks suck, never buy what "experts" are saying.

[safeinOhio]

Citigroup strategists are advising against buying equities right now, on the view that if a Federal Reserve lifeline is coming, it may not happen right away.

So they are saying wait for interest rates to come down and borrow money to buy shitty stocks.

[Yonnie3]

1. A big bank financial adviser ...

told me I was stupid for paying off my mortgage in the late 90s. Instead I should have done a refinance and used the proceeds to buy front loaded tech stock funds from his bank. The only winner would have been the advisor's bank account from his commissions.

I didn't take his "expert" advice. I did invest regularly with money I earned in low fee index funds and bought in both boom and bust markets. As I got older I moved gradually to a more conservative balanced portfolio that includes bond index funds.