Tolkien is a part of my upbringing and I first tried to read this book when I was eight years old. I put it away and returned to it when I was about eleven and able to tackle it, and then re-read it a few years later, and when the films came out my family and I watched them together one by one. It had always been customary among us to criticise Frodo's insipidity, and the maudlin sentimentality of the whole thing, particularly the third part, but by the time the films came out I had become aware of the racist and imperialist characteristics of the work, which aren't excusable on the basis that Tolkien vehemently declared Middle Earth was not an allegory. (Intention is not magic) (The films, in my opinion, exaggerate these aspects even more, which is unforgivable!)
So, hat off to Tolkien for putting so much loving work into his world, but for me it's gone sour.