Warren Buffett is arguably the greatest investor of all time having amassed a net worth of over $60 billion from his investing skill...and the 107 words of wisdom in this article crystalize decades of investment knowledge from the best in the business.

As stocks approach overbought levels, can the good times last and, more importantly, where do we go from here? While I won’t pretend to know exactly what the future holds, here are three ways to prepare your portfolio for whatever lies ahead.

The western world is headed to “a state of disaster” says Alan Greenspan and, “without reform of the financial system, another crisis is certain - sooner rather than later” says Mervyn King, the former head of the Bank of England. Greenspan has already suggested gold as “a good place to put money these days given the policies of governments" while King said recently that "when unexpected things happen, particularly when governments rise and fall, then gold is a means of payment that everyone is always prepared to accept."

The only reason that I can come up with that would have the Fed raise rates is that it wants to crash the markets. Why? Because Main Street is not doing well as the Price to Sales ratio chart below clearly shows. The Fed, and the markets, are stuck and those who are fully invested now will probably get creamed if a negative catalyst like Donald Trump becoming President happens, as he would surly cause instability and rock the government institutions.

This is a warning that stocks are about to enter a long-term bear market, one that will likely be lengthy and deep. This Sell signal confirms that the Economic Ice Age is starting.

Friday’s impressive rally screamed Buy! Now we get to see if the market will deliver on its message of apparent strength.

It should be evident that one need not be a so-called Wall Street expert to make a self-determination about what to do in the markets and when. The information is always available in real-time, and in our mind the logic is inescapable when one begins to apply a little (or a lot of) common sense to what the market is revealing.

Understanding and utilizing stop loss orders is a very critical component of your overall portfolio management strategy....Use stop loss orders to protect your profits by taking the emotion out of your trading decisions...[or when you are] on vacation or cannot monitor positions on a daily basis. [Here are the specifics.]

Liberals are anything but liberal. In fact the harshness of political correctness is designed to totally dismiss anyone holding views counter to the liberal perspective of fellow liberals.

Last month the most people in eight years decided that if they were going to buy a new home, now would be the time to do it - but how much longer can this trend continue?