Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.”
Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages.
“Wall Street makes money, one way or another, catching the crumbs that fall o...

Consider a Robo-Advisor for Automatic Investments
Perhaps you want to follow Warren Buffett’s core principals of taking a long term approach, keeping it simple, reducing fees, and embracing passive indexing, but don’t want to actually place the trades yourself.
If this is you, then you will want to consider using a robo-advisor instead of trading on your own. For more on robo-advisors and automated investing, read this guide.

Best Broker for Following Warren Buffett
Which online stock broker should you use to build your Warren Buffett portfolio? The answer is simple. It doesn’t really matter which broker you use.
Since you are investing for the long haul and will be accumulating a large stake over many years, broker trade commissions will quickly become negligible, even if buying shares every month as Buffett recommends.
The biggest advantage of a Warren Buffett portfolio is what we discussed earlier, the super low costs. Remember, for every $10,000 invested in Vanguard’s S&P 500 ETF VOO or mutual fund VFIAX, .05% is only $5 per year in management fees.
Whichever broker you choose, reinvesting the dividends through a DRIP (dividend reinvestment plan) should be a free option (meaning the online broker will not charge you to automatically reinvest the dividends and buy more shares). Our sister site Stoc