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President and Founder of Pento Portfolio Strategies
Phone: 732-772-9500

Michael Pento is the President and Founder of Pento Portfolio Strategies (PPS). PPS is a Registered Investment Advisory Firm that provides money management services and research for individual and institutional clients.

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Michael Pento: “Central Banks Have Jumped The Shark,” May Even Buy Stocks

Date: Friday, June 5, 2020 3:14 PM EDT

I'm not talking about a world where markets function freely and you could just buy and hold a diverse bunch of assets and say, "You know what? If the market goes down, my bonds will make up for the decline in stocks." Well, when the 10-year note yields 0.7%, Mike, even if it goes to zero, you're not going to make much money. You might make 7% on your bond allocation. But I can assure you that if the 10-year note goes to zero, then your 60% allocation to equities is going to go down 40%.

That would be the scenario that would cause the bond yields to fall to zero. So, your 7% in your 40% diversified portfolio is not going to save you from the 40% wipe out in the 60% portion of your portfolio. What I'm saying is you have to be an active manager. You cannot sit back and let Wall Street destroy your purchasing power and your standard of living over and over again.

Mike Gleason: Yeah, well put. Underscores the importance of a time like this to have good people by your side. You could be one of those for folks if they are inclined. So before we let you go today, tell people more about Pento Portfolio Strategies, how they can reach you, how they can follow you more closely. Do all that, please.

Michael Pento: So, the website is a PentoPort.com. My email address is mpento@PentoPort.com. The number here for the office is 732-772-9500. If you have around a $100,000 to invest, I'd be glad to take you on as a client and put you in the inflation/deflation and economic cycle model. Help you navigate through these tumultuous waters that are going to get much more rough.

And if you want access to the podcast, which is a weekly podcast of my thoughts on I guess a 36,000 foot level, (I) don't give specific recommendations, but let you know where the economy is going and markets are going in a general sense. It's called the Midweek Reality Check and you get a free trial. And that only costs you $50 a year.

Mike Gleason: Yeah. Well, good stuff. Hope people do that. Thanks again, Michael. All the best to you. Stay safe, healthy, and thanks again. Have a great weekend, my friend.

Michael Pento: Thank you again, Mike.

Mike Gleason: Well, that will wrap it up for this week. Thanks again to Michael Pento of Pento Portfolio Strategies. For more info please visit PentoPort.com. You can sign up for his free email list, get a free trial of his weekly podcast, and get his fantastic market commentaries on a regular basis. Again, just go to PentoPort.com.


Mike Gleason is a Director with Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason is a hard money advocate and a strong proponent of personal liberty, limited government and the Austrian School of Economics. A graduate of the University of Florida, Gleason has extensive experience in management, sales and logistics as well as precious metals investing. He also puts his longtime broadcasting background to good use, hosting a weekly precious metals podcast since 2011, a program listened to by tens of thousands each week.



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