Thread by @MandarSawant184

Let me tell u my story. I hold Union Bank (IPO Rs.16), UCO Bank (IPO Rs.12), Vijaya and IOB (FPO Rs. 24 each).
Bought in paper format in 2002-03 n never dematerialised it.
Stocks went up in bull runs. Union Bank went upto 400+ at one point

1/n

https://twitter.com/chai2kul/status/1318875846929567744?s=19

Never sold it and converted to demat only 2 years ago.
Though dividend earning got me to earn 5x to 10x on these stocks. Still hold them (though now some have merged n got other PSU Bank stocks). Quantities I held were small and so playing snakes n ladders did not impact me 2/n

Unless ur a fan of quick trading, always buy good stocks n forget them. These PSU Banks were not bad till UPA 2 phone a friend destroyed them.
From 2009-13, I collected significant qty in IOC n HPCL on news of fuel price decontrol. They gave 2-4x
returns. 3/n

Price going up or bonus shares/stock split over long periods of time gives huge benefits. Converted most of the paper profits to real profits.
Good as these stocks will never regain their previous heights as fossil fuel is ending its run. Unless they recast biz 4/n

Best is to buy quality blue chips (like Reliance or HDFC Bank) and hold them for long time. Do stock SIP.
Reliance did not move from 2014-18 but ran very fast after that on better business (lately due to Jio) and bonus/split (not sure which as I dont hold) helped 5/n

Reliance has now given 5x profits in last 6 years. If u held 10000 worth of it, u now have value as 50000. Those holding 1 lakh worth now have a gain of 4 lakh.
There are many blue chips which u must buy n forget for a while, reevaluate if still good n continue to sit on it 6/n

Not for nothing do the old shareholders attend Reliance AGM. They have become crorepatis just through their holdings of one stock