Do you have a coherent investment strategy? If not, then the video below will be extremely beneficial to you. In it, Fool contributor John Maxfield lays out a simple but effective investing framework, using well-known companies like Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) as examples, that is appropriate for virtually all individual investors.

John Maxfield owns shares of Bank of America. The Motley Fool recommends and owns shares of Bank of America and Wells Fargo. 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.