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Buy? Very much so but you should do it only if it's a good fit to enhance or fill some gaps in your portfolio. It doesn't make sense if you already have enough large-blend exposure.Hold? Also very much so but how long is up to you. Will you hold for a number of years no matter what the market does?In my opinion most index ETFs are buy and hold investments with sector or specialized ETFs to be used more for short term trades.
I agree - this is a cheap way to get broad exposure. Think marathon with this guy...you may not see rapid exciting results but this is one for long run. Id buy it for my children.