The following video is part of our "Motley Fool Conversations" series in which Fool analyst John Reeves and Fool advisor David Meier discuss topics across the investing world.

One of the simplest investing strategies is called "Dogs of the Dow." Essentially, you invest each year in the 10 Dow components with the highest yields. Dave and John discuss the merits of this particular strategy, and Dave shares which "dogs" he likes the best.

John Reeves owns shares of Procter & Gamble. David Meier has no positions in the stocks mentioned above. The Motley Fool owns shares of Intel. Motley Fool newsletter services have recommended buying shares of Pfizer, Intel, and Procter & Gamble, as well as creating a bull call spread position in Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.