TSM
Taiwan Semiconductor Manufacturing Company Ltd.
stock NYSE ADR

I was going to join those short calls. Kinda rethinking it now, I think I'm just going to play TSM and then NFLX

The plan is overall just fine. Some notes.
> which provider
Schwab if you like Schwab, or the color blue. Vanguard if you like red, Fidelity if you like green.
> ETFs or Mutual Funds.
Does not matter, especially at Vanguard, but pretty much anywhere. ETFs often have very slightly less expenses. Non-native MFs often have extra fees. If you're going to be tempted to day trade at all, MFs will force you to not.
> TPI
What does this stand for? If you mean Treasury Inflation Protected, that's spelled TIPS.
> TSM
Total stock market? good, but SWPPX isn't TSM. It doesn't matter much, but a Boglehead would buy the whole market, not just the S&P 500. VTI and SWPPX are redundant, just choose one (VTI, or SWTSX).
> 30/70 bond/equities
How old are you? 30% bonds would be conservative for a 30 year old for example.

Stupid mudbloods will just say "TSM revenue exploded because of AVGO and GOOGL, not because of NVDA" so I am not expecting anything good.

TSM releases earnings monthly as per South Korean requirements. So, their quarterly release in the US only really gets us a month's worth of new data, not a quarter like other companies. Less surprises.

There is a lot of talk and speculation that because investors expectations for AI stocks are so high, even if TSM were to beat earnings by a wide margin, chances are there won’t be a great effect on its stock or even Nvidia stock. I guess we’ll just have to wait and see.

Is TSM Preparing for a Breakout? Our V3 Quant Signal Just Flagged a Critical Shift (Weekly Analysis)

TSM in the murning.

I have read through (among others):
[https://www.bogleheads.org/wiki/Lazy\_portfolios](https://www.bogleheads.org/wiki/Lazy_portfolios)
[https://www.bogleheads.org/wiki/ETFs\_vs\_mutual\_funds](https://www.bogleheads.org/wiki/ETFs_vs_mutual_funds)
But I still have quite a few questions on picking the best funds - both from which provider and whether to go with ETFs or Mutual Funds. Because I haven't dealt with them much myself directly in the past, it is hard to know which questions to ask and what will apply to me. Especially when it comes to managing the assets moving forward:
My *new portfolio*\* is going to be based around approximately the following:
* 30/70 bond/equities
* 15% of Bonds will be TPI
* 25% of equities will be International, 10% REIT, the rest TSM
* 90% of the bonds will be in non-taxable accounts, everything else in taxable.
Currently, with the idea that I would remain at Schwab my fund choices were as follows:
**SWVXX - Cash**
**SWPPX - S&P 500**
**SWAGX - Aggregate Bonds**
**SWRSX - TPI Bonds**
**SCHH - REIT (ETF)**
**VTI - TSM (ETF)**
**VXUS - International (ETF)**
I'm not sure there is anything inherently wrong with the choices above, but I wanted to broaden my scope on what might be problematic with it (or at least less advantageous than some other configuration). I also don't totally understand how the drawbacks of ETFs will affect me moving forward.
Thanks for helping!
\* Background: *I have just moved away from my long term advisors to embrace a more pure BH strategy. Because they dealt with CEFs and I had very little involvement, I was forced to liquidate my investments and as such I am at a point where most of my assets are liquid an can be invested as I choose. I am currently with Schwab (as that is what the advisors utilized since moving from Fidelity several years ago).*
*I have a current investment (approximately 6% of assets) in SWPPX, which (at least for the short-mid term) I don't want to liquidate. I also have a slightly smaller stake in SWVXX, but that is easily liquidated with no tax penalty.*

## 📈 52-Week Highs:
The 52-Week Highs list shows stocks that have reached their highest price point in the past 52 weeks during the trading session.
| Symbol | Name | Price | Year High | Market Cap |
|:-------|:-----|:-----:|:---------:|:----------:|
| [GOOG](https://marketrodeo.com/asset/GOOG) | Alphabet Inc. | $336.43 | $341.17 | $4.1T |
| [GOOGL](https://marketrodeo.com/asset/GOOGL) | Alphabet Inc. | $335.97 | $340.48 | $4.1T |
| [TSM](https://marketrodeo.com/asset/TSM) | Taiwan Semiconductor Manufacturing Company Limited | $331.21 | $336.40 | $1.7T |
| [WMT](https://marketrodeo.com/asset/WMT) | Walmart Inc. | $120.36 | $120.50 | $959.6B |
| [XOM](https://marketrodeo.com/asset/XOM) | Exxon Mobil Corporation | $126.50 | $127.14 | $533.5B |
## 📉 52-Week Lows:
The 52-Week Lows list shows stocks that have reached their lowest price point in the past 52 weeks during the trading session.
| Symbol | Name | Price | Year Low | Market Cap |
|:-------|:-----|:-----:|:--------:|:----------:|
| [TMUS](https://marketrodeo.com/asset/TMUS) | T-Mobile US, Inc. | $189.67 | $188.12 | $212.2B |
| [ADBE](https://marketrodeo.com/asset/ADBE) | Adobe Inc. | $309.93 | $307.91 | $129.7B |
| [TRI](https://marketrodeo.com/asset/TRI) | Thomson Reuters Corporation | $126.53 | $125.80 | $57.0B |
| [WDAY](https://marketrodeo.com/asset/WDAY) | Workday, Inc. | $199.55 | $199.00 | $53.3B |
| [ROP](https://marketrodeo.com/asset/ROP) | Roper Technologies, Inc. | $426.36 | $420.42 | $45.9B |
**Source:** [52-Week Highs-Lows](https://marketrodeo.com/market-movers?tab=highs-lows)

SMH plus TSM is a good plan. It just depends on what holdings of a semi ETF you want to put your TSM on top of.
CHPS is very good option currently, with its top six holdings being Micron, SK hynix and the four biggest chip equipment stocks.
\> And how to split?
No answer is possible to that. It's up to you. If TSM is your main interest, then decide how much you want of it, and buy whichever ETF you want then as much TSM individually so that you end up with the percentage of TSM you want.

I love investing. Learning about companies. How they evolve and adapt. How they adjust to macroeconomic conditions or random tweets.
I’m fortunate to have a very high paying job and no kids.
I’ve got 327k invested in Boglehead style ETFs.
I’d kind of like to continue individual stock investing. Already have a little Google, TSM, Celsius energy drinks.
But individual stock picking IS risky? What percent do you cap at?

They're not "identical identical", but the silver futures and TSM charts are decently close to overlapping.

Last time when TSM earnings came out there was a huge pump at night, and by the morning it was gone. Remember this specifically because I was on a work trip and chilling outside my hotel staring at hookers across the street in Arizona.

TSM Earnings

Up a nice 20% since I recommended people buy TSM in the original post. Enjoy the free coffee on me if you bought on my advice.

Why would you buy TSM and SMH, when TSM has a 10.5% weighting in SMH?
Rather than buying SMH, I own a number of the semiconductor stocks, including TSM, NVDA, AMD, KLAC, AVGO

Not even that, when you look at the cumulative performance lately, you have stocks like ASML and and TSM up 20%+ from the lows less than a month ago, while NVDA is less than 10% up from the lows, it is a huge underperformance even to SMH. GOOGL keeps pumping and will surpass NVDA if NVDA just keeps flat-lining.

# Today is Tuesday, the 13th of January
## Upcoming events for Tuesday, January 13th
- Stock splits:
- FGHFF @ **1:10**
- Expected earnings:
BBCP, BK, BMRA, CNXC, DAL, FNGR, JCTC, JPM, KARO, LOOP, NTRP, PKE, PLG, PXED, RMCF, TRX
- Ex-div:
CVGW, FCEF, OZK
- Economic events and announcements:
- 10-Year Note Auction (actual: 4.173%, previous: 4.175%)
- 3-Month Bill Auction (actual: 3.570%, previous: 3.540%)
- 3-Year Note Auction (actual: 3.609%, previous: 3.614%)
- 6-Month Bill Auction (actual: 3.490%, previous: 3.475%)
- CB Employment Trends Index (actual: 104.27, previous: 104.64)
- FOMC Member Barkin Speaks
- FOMC Member Bostic Speaks
- FOMC Member Williams Speaks
## Upcoming events for Wednesday, January 14th
- Stock splits:
- SOLCF @ **1:10**
- VMAR @ **1:40**
- Expected earnings:
BAC, C, CODI, CVGW, FUL, HOMB, HOVR, RCT, RFIL, UCB, WFC
- Ex-div:
CMCSA, IDCC, SAIC
- Economic events and announcements:
- 30-Year Bond Auction (previous: 4.773%)
- ADP Employment Change Weekly (previous: 11.50K)
- API Weekly Crude Oil Stock (previous: -2.800M)
- CPI (consensus: 0.3%, previous: 0.3%)
- CPI (consensus: 2.7%, previous: 2.7%)
- CPI Index, n.s.a. (previous: 324.12)
- CPI Index, s.a (previous: 325.03)
- CPI, n.s.a (previous: 0.25%)
- Cleveland CPI (previous: 0.1%)
- Core CPI (consensus: 0.3%, previous: 0.2%)
- Core CPI (consensus: 2.7%, previous: 2.6%)
- Core CPI Index (previous: 331.07)
- FOMC Member Barkin Speaks
- Federal Budget Balance (consensus: -140.7B, previous: -173.0B)
- IBD/TIPP Economic Optimism (consensus: 48.2, previous: 47.9)
- NFIB Small Business Optimism (consensus: 99.5, previous: 99.0)
- New Home Sales (consensus: 716K, previous: 800K)
- New Home Sales (previous: 20.5%)
- Real Earnings (previous: -0.1%)
- Redbook (previous: 7.1%)
## Upcoming events for Thursday, January 15th
- Stock splits:
- AMCR @ **1:5**
- Expected earnings:
BLK, BSVN, FHN, GS, IIIN, INDB, INFY, JBHT, KIDZ, MS, TSM, WABC, WAFD, ZBAI
- Ex-div:
BELFA, BELFB, BPOPM, CAC, CFBK, CHCO, CSWC, DHCNI, METCZ, NWFL, OCCI, OCCIM, OCCIN, OCCIO, PECO, STRC, TRIN, VSEC
- Economic events and announcements:
- Atlanta Fed GDPNow (consensus: 5.1%, previous: 5.1%)
- Beige Book
- Business Inventories (consensus: 0.2%, previous: 0.2%)
- Core PPI (previous: 0.1%)
- Core PPI (previous: 2.6%)
- Core Retail Sales (consensus: 0.4%, previous: 0.4%)
- Crude Oil Imports (previous: 0.563M)
- Crude Oil Inventories (previous: -3.832M)
- Current Account (consensus: -240.0B, previous: -251.3B)
- Cushing Crude Oil Inventories (previous: 0.728M)
- Distillate Fuel Production (previous: 0.081M)
- EIA Refinery Crude Runs (previous: 0.062M)
- EIA Weekly Distillates Stocks (previous: 5.594M)
- EIA Weekly Refinery Utilization Rates (previous: 0.0%)
- Existing Home Sales (consensus: 4.21M, previous: 4.13M)
- Existing Home Sales (previous: 0.5%)
- FOMC Member Bostic Speaks
- FOMC Member Kashkari Speaks
- FOMC Member Williams Speaks
- Gasoline Inventories (previous: 7.702M)
- Gasoline Production (previous: -0.472M)
- Heating Oil Stockpiles (previous: 0.672M)
- MBA 30-Year Mortgage Rate (previous: 6.25%)
- MBA Mortgage Applications (previous: 0.3%)
- MBA Purchase Index (previous: 159.3)
- Mortgage Market Index (previous: 270.8)
- Mortgage Refinance Index (previous: 937.0)
- PPI (previous: 0.3%)
- PPI (previous: 2.7%)
- PPI ex. Food/Energy/Transport (previous: 0.1%)
- PPI ex. Food/Energy/Transport (previous: 2.9%)
- Retail Control (previous: 0.8%)
- Retail Inventories Ex Auto (consensus: 0.0%, previous: 0.0%)
- Retail Sales (consensus: 0.4%, previous: 0.0%)
- Retail Sales (previous: 3.47%)
- Retail Sales Ex Gas/Autos (previous: 0.5%)
- Thomson Reuters IPSOS PCSI (previous: 51.86)
## Upcoming events for Friday, January 16th
- Expected earnings:
BOKF, HIFS, MTB, PNC, RF, STT, TPET, WIT
- Ex-div:
CBRL, DCOM, FRD, FUNC, GWRS, HRZN, IMMR, MGRC, MOFG, ORMP, OXLC, OXLCN, OXLCO, OXLCP, OXSQ, PBHC, REGCO, REGCP, RGCO, RYAAY, WDFC
- Economic events and announcements:
- 4-Week Bill Auction (previous: 3.550%)
- 8-Week Bill Auction (previous: 3.540%)
- Continuing Jobless Claims (previous: 1,914K)
- Export Price Index (previous: 0.0%)
- Export Price Index (previous: 3.8%)
- FOMC Member Barkin Speaks
- FOMC Member Bostic Speaks
- Fed Vice Chair for Supervision Barr Speaks
- Fed's Balance Sheet (previous: 6,574B)
- Import Price Index (previous: 0.0%)
- Import Price Index (previous: 0.3%)
- Initial Jobless Claims (consensus: 210K, previous: 208K)
- Jobless Claims 4-Week Avg. (previous: 211.75K)
- NY Empire State Manufacturing Index (consensus: 1.10, previous: -3.90)
- Natural Gas Storage (previous: -119B)
- Overall Net Capital Flow (previous: -37.30B)
- Philadelphia Fed Manufacturing Index (consensus: -2.9, previous: -8.8)
- Philly Fed Business Conditions (previous: 38.1)
- Philly Fed CAPEX Index (previous: 29.10)
- Philly Fed Employment (previous: 13.0)
- Philly Fed New Orders (previous: 5.7)
- Philly Fed Prices Paid (previous: 49.30)
- Reserve Balances with Federal Reserve Banks (previous: 3.023T)
- S&P Global Manufacturing PMI (previous: 52.2)
- TIC Net Long-Term Transactions (previous: 17.5B)
- TIC Net Long-Term Transactions including Swaps (previous: 17.50B)
- US Foreign Buying, T-bonds (previous: -61.20B)
^^^^2026-01-13

I actually own SMH myself, but if you buy it with TSM you’re double dipping. 21% of SMH is weighted in Nvidia, 10% TSM, 8% Broadcom. Those three have a huge pull on SMH. So if you wanna own TSM individually you might as well pair it with those two and call it a day.

So you wouldn’t buy TSM, and one of those ETFs?