With the market going bad should I hold on to my 2 etf SPY and EFA or sell. I have had these for 2 months.?

Question

I new to this.

I have these fund through sharebuilders

Answer 1

I think you have to good funds for the long term say next five years.

If your long term is two years maybe you should sell.

Your funds have hitorically low PE ratios. And are not overly exposed to the Real estate market. BUt that one bad apple is killing the bunch. Good stocks are being dumped because the bad news for that one bunch is starting to spread. Usally if you are long term now is buying opertunities if you want short term gains move to Bonds. If your in it for a long while as it goes lower BUY MORE.

So do you need the money now if yes dump into Bonds if not buy more as it goes lower you will make lots with this strategy Buffet and Gates do it all the time

Answer 2

It depends on why you bought these and how much money you have. Stocks go up and stocks go down. You might want to buy more if they fall at a high percentage like 10% over a certain period. I've had an ETF drop 13% then finish up the year at +50%. You can use that kind of spread to your advantage.

Answer 3

Exit with haste. The market has a confirmed top now, and will tank until next Fall, when it will disappear.

America was great while it lasted, I must admit.
.

Answer 4

How much did you pay for them and how much money can you afford to lose?