The great thing about AB's growth is that it does not require any reinvestment of earnings. So you get a nice middle single digit dividend plus a nice low double digit growth rate for a total return of 15% to 20% almost indefinitely (over the long term).
You just hit the nail on the head! As long as the market and economy keep growing and expanding, the more customers, assets under management, and INCOME for AB!! Then we benefit. That is why I haven't taken my profit - we are living a run!!!!!
When I decided to buy in at $35/share my Merrill Lynch broker said, "Hey, a real risk taker!"... Like you sau, easy to smile these days. The AB Team is doing fine. Let's hope it does hit $70/share later this year. Best wishes,everyone!