My 14 yr old son is now in BEN for the long long Haul!!!
Couldn`t afford it at $150, but waited for the big split to establish a position of 50 shares, hoping for a pullback at some point to add 50 more, and so on! He said dad how long should I hold BEN and I said at leasy 30 years!:)
Hope your son realizes that there is no need to panic if there is a pullback with a small holding.
I like to read Jeff Saut at Raymond James financial and also the work of Charles D. Ellis, investment penseur.
Lazlo Birinyi also has interesting insights.