During the 18 year period of the great bull market of the '80's - '90's, BEN turned $1,000 invested into
$1,000,000. Its current P.E. is well below that of EV and TROW (which also did well during that time). The Company is buying back its shares. Holding a small position in BEN over several decades in a ROTH IRA, 'H or H-Water', dividends reinvested, may pay off handsomely at retirement and beyond.
Small plans can yield large rewards. Start early. Be consistent.
My concern is the playing field looks a lot different than 18 years ago, with ETFs snagging a lot of new money being invested. I'd be curious what the average age of a mutual fund investor is compared to an ETF investor. ETFs certainly are not a fad and I suspect they will continue to put a major dent in the (hopeful) growth of the fund industry. Long both BEN & TROW.