5 behaviors shackle investment strategy
Spending an extraneous amount of time analyzing financial paperwork can have negative repercussions.
Krueger says he knew an investor who pored over investment data to choose the most lucrative stocks and bonds, but he couldn't bring himself to buy. In 20 years, he failed to make any equity investments, instead stuffing his money in a low-yielding savings account.
"In other words, he had a great plan but failed to act on it. No matter how wonderful the plan, if it remains a theory it doesn't work," Krueger says.
The best financial decisions come from a balanced decision-making process and a sound strategy for vetting investments. With those two components working in sync, an investor can gather information, assess it and make an informed decision to fulfill his or her plan's goals, Krueger says.