If you do buy and hold for 20 years. You will find that at the end of 20 years, you should get a positive return.What do you consider a drawdown? In a 20 year time period I would expect several drawdowns.
I would also expect an investment in a market ETF to be higher. Although it might be quite a rollercoaster ride to get there.
Not so much with individual stocks.
Individual stocks too. Anyone who bought MSFT back in 2000 at the ATH of $60 a share should do quite well today.
