How to Diversify Your Portfolio for Higher Returns

Jared Bernstein: I think that in the future, a conventional say 6040 portfolio, S&P 500 plus a lot of long-term treasury bonds, may actually be set up for another what we call a lost decade. He says high single digits in equities are going to be hard to achieve over the next decade without better diversification. And so whether you do this on a sort of tactical basis, what looks attractive this year, or you do something a little bit more systematic and rules based, he thinks it's going to be necessary to make some changes.