One of the biggest mistakes investors can make is constantly trading in and out of the wrong stocks, triggering one taxable event after another on their gains. While some smaller, more volatile stocks may lend themselves to short-term trading, others call for the opposite approach—a steady buy-and-hold strategy.
Taiwan Semiconductor Manufacturing (NYSE: TSM) fits squarely into that second category. As a dominant force in the semiconductor industry, it holds a massive footprint in one of technology’s hottest areas. The sector is on the verge of major change as the United States moves to onshore chip manufacturing, especially with new trade tariffs targeting countries that supply much of the world’s semiconductors.
