‘Sequester’ shouldn’t deter investors

The much publicized "sequestration," while problematic in some areas, should not deter people from participating in the financial markets, says Cody Fenoglio, a financial advisor with Edward Jones in Copperas Cove, Texas. The sequester, a result of a failure between Congressional leaders and the Obama Administration to reach agreement on budgetary issues, will result in $85 billion in across-theboard government spending cuts this year. Fenoglio noted that the $85 billion in cuts, while not insignificant, amount to less than 2.5%of all government spending.