If you think about it, actually you should PRAY for drawdowns, unless you are very close to retirement, and assuming you buy-and-hold an accumulating ETF.

Here’s why: An accumulating ETF constantly uses the dividends from its underlying stocks to buy more of itself (instead of paying those dividends out to you).

And it can buy twice as many pieces of itself when it is at 50 versus when it is at 100.

It is thus to your advantage if the ETF is really low for a really long time.