You are so right! I never short term anything. I buy for future growth, primarily, but also hedge my investment $ with pre-ferred stocks like Realty Income (O-PF) Annaly Mtg (NLY-PD), & Armour (ARR-PA). On Realty Income I have also owned the common since it was in the $40's. I split my holdings up between the family trust account, traditional IRA and Roth, with 70% being in Roth. The trust brings increased income, while the traditional is being transferred to Roth gradually, along with the RMD annually.
That is quite a high percentage to have in one company, although each of us have our own thoughts. I try to diversify widely, and dividend reinvestment has worked well for me. I have held companies for many years, with some tripling, many doubles, but most (preferred stocks don't offer dividend reinvestment) have been very good for me. The preferreds I invest back into stocks I see future growth.