TSM
Taiwan Semiconductor Manufacturing Company Ltd.
stock NYSE ADR

Mutual funds are not necessarily tax efficient so it is better in a Roth. FSELX has a slightly different mix than SMH, in addition. For example, FSELX has no position in TSM and a much larger position in Broadcom.

I'd just buy Nvidia, TSM, and ASML. Probably a little bit of intel too, and maybe, some micron.

TSM is another great company. I have them on my watchlist.

Updated portfolio after community feedback — high-conviction AI / tech supply-chain strategy (Hungary TBSZ)
I updated my allocation after feedback from my previous post.
This is intentionally a concentrated, high-conviction portfolio focused on AI, semis, infrastructure and second-order beneficiaries.
I’m not trying to build a classic “VT and chill” portfolio or claim broad diversification.
PROFILE
• Country: Hungary (Budapest)
• Account: TBSZ (0% capital gains tax after 5 years)
• Broker: Interactive Brokers (IBKR)
• Monthly investment: 500,000 HUF (\~€1,324/month)
• Time horizon: 10+ years
• Risk tolerance: High
• Goal: Long-term capital appreciation
PORTFOLIO (7 positions)
ETFs (Accumulating, Ireland domicile)
1. SXRV — iShares Nasdaq 100 UCITS — 30%
US mega-cap tech exposure in one wrapper.
2. EXUS — Xtrackers MSCI World ex-USA — 25%
Developed markets outside the US (Europe, Japan, Canada, Australia, etc).
3. CSKR — iShares MSCI Korea — 15%
High conviction semiconductor supply-chain bet.
Samsung + SK Hynix are major holdings and benefit from AI memory demand.
4. WQTM — WisdomTree Quantum Computing — 13%
Small speculative allocation for optionality in quantum computing over a 10+ year horizon.
Direct stocks (fractional shares via IBKR)
5. TSM (TSMC) — 7%
My foundry conviction.
Critical supplier to Nvidia, Apple, AMD and much of modern computing.
6. LLY (Eli Lilly) — 5%
Only non-tech position.
Some diversification away from tech with strong obesity / GLP-1 tailwinds.
7. NOW (ServiceNow) — 5%
Enterprise automation / AI workflow conviction.
WHY THIS STRUCTURE?
• SXRV handles large-cap US tech exposure.
• EXUS avoids duplicating US exposure while giving international diversification.
• Korea gives semiconductor exposure that is not heavily represented in Nasdaq 100.
• Quantum allocation is intentionally capped at 13% due to risk.
• Individual stocks are high-conviction positions I want overweight exposure to.
OVERLAP CHECK (my understanding)
• SXRV ↔ EXUS = essentially 0% overlap (US vs ex-US)
• CSKR ↔ EXUS = minimal / near zero (Korea classified as EM)
• CSKR ↔ SXRV = minimal overlap
• TSM overlap through ETFs = small
• WQTM overlap with tech holdings = present but limited
Questions:
1. Am I missing any major overlap risk?
2. Any obvious blind spots in this structure?
3. If you had to remove ONE position, which would it be and why?
4. If you had to add ONE position, what would it be?
Looking for constructive criticism, especially from long-term ETF investors.

Some constructuve critisism aside from 'VOO and chill'.
1. Emerging markets (e.g. EMIM) is weighted heavily towards TSM, Samsung &SK Hynix which don't make it that much of a differentitator.
2. Mining and Defence are good differentiators. For mining I would pick large caps that aren't necessarily tied to Rare Earths - these have been spiky lately
3. I'm wary of Space - had a huge run up and tanked recently however nobody's really sure what the SPCX IPO is going to do in the medium term. I think we're going to see a rug pull in 3 months time when the initial investors are allowed to take profits. Be wary.
4. Betting on tech growth is a good shout, but not without risk. I've done the same and despite what others saym I still see considerable upside here. Bear in mind that the all world is going to be weighted toward NVDA, AVGO, GOOGL etc. anyway so you'll want to pick smaller caps that aren't part of that.
5. Moonshots & Fun are dangerous! There is a risk that if you listen to Reddit, you'll end up getting caught in all the pump and dump scams. I'd dump this idea if I were you, or at least be clear about how you're going to identify and manage these stocks.
I'd say you're on the right track - I would weight the all world a little higher (say 60%) to begin with. I would try and pick ETFs for your tech growth and Non-tech differentiators and if you are going to have a Moonshots / Fun pie, use that for individual stocks.
Lastly make sure you manage the weightings between pies. All World is unglamarous and you might find yourself dipping into it every so often. You'll want to review that every few weeks.
Good luck!

I thought about buying TSM every year for 6 years but never did it. Back in 2021 I remember thinking man this company will be rich…but I’m an idiot.

I'd rather own the one that makes the chips:TSM. There's a lot of possibilities (SOXQ if you like them all), but TSM will get all of the business. If AVGO loses a customer, they may really feel the pain. But TSM has so many customers to lean on.

Fuck Now, it’s a shit product! CEO is a fucking moron and everyone thinks they have the next $1T company.
I’d rather invest in CRM since their revenue / profits and P/E and FWD are way more attractive. Plus they pay a quarterly dividend of like .45¢ a share.
Personally im sticking with TSM, MU, NVDA, and loading up on AVGO since their earnings dip!

I think they want to buy (checks notes). Nvidia. Google. Sandisk. uh... TSM. They THOUGHT about buying GME but then they decided that it would prob be a better idea to buy stocks that go up.

First off, great job investing so early! You’re ahead of the curve
I’d recommend putting most of your money in an ETF like VOO, which consists of the top 500 public companies. It’s safe and good returns.
SCHD isn’t a bad ETF by any means, but it’s better to focus on investing in companies you believe will have long term growth rather than relying on dividends.
For individual stocks, BRK.B, BN, MKL AMZN, GOOG, MSFT, and TSM are all good to invest it.
If you plan on investing $1k a month, a Roth IRA does have a limit of $7.5k contributions per year. Would suggest opening a brokerage account with that firm to invest your remaining $4.5k!

What about ASML? Maybe overvalued? Would TSM at their current price point be a good investment long term?

Thanks i appreciate that, i still have no confidence in what im doing, but ive just been listening and following KOLs i trust. ive put in another 1.5K usd and added in NBIS, TSM, and… RKLB and SPCX… not proud of this at all but decided to go with my friends that have way more experience than me. Only bought 2 shares of SPCX though, and a fraction of RKLB.
Confidence remains in APPL NVDA SNDK and VOO, added TSM to this list too. NBIS another Fomo pick and its been good so far. Honestly, im just surprised with how much fun ive been having, and learning more about how important it is to stay in the market rather than timing it makes me feel more excited.

All roads lead to TSM.

I’m assuming this is a good faith question even though it’s probably not.
1. SpaceX has deployed roughly 50% of the satellites the entire human race has ever deployed, combined, and that’s still trending number is increasing rapidly.
2. SpaceX reduced the cost of deployment per kg from $20k to less than $2k, and that’s still trending downward
3. SpaceXs reusable rockets are the first in the world and proved out the entire industry is viable. This is valuable for SpaceX obviously, but it makes the entire space market real and actually monetizable.
4. AI - new and grok is weak, but it’s going to be impossible for new AI companies to exist soon, and SpaceX’s data centers are a bet on them bridging the gap to becoming a contender over the years.
5. Chips/Semiconductors - if SpaceX can actually enter the semiconductor manufacturing race successfully through terrafab, and compete even remotely near the TSM levels, the entire planets economy and political climate will change. Taiwan is so important precisely due to this, and the reason GPUs are so expensive now is partially due to this bottleneck. It sounds like an insane idea they might beat TSM, but with the gigafactories Tesla has already produced, it’s a real possibility.

I got this from ChatGPT Latest model with a sub.
Executive Summary
Yes — but I’d tighten the output into a research screen, not a fake “committee.” Based on the current backdrop, I’d overweight quality compounders with positive revisions and avoid “consensus buys” that only work if multiples keep expanding. FactSet shows S&P 500 forward P/E at 21.1x, above both 5- and 10-year averages, while earnings revisions are unusually positive.
Top 20 Institutional-Quality Screen
Rank Ticker Company Sector Valuation View Thesis
1 MSFT Microsoft Software/Cloud Fair AI/cloud compounder, high ROIC, strong balance sheet
2 GOOGL Alphabet Digital Ads/AI Fair Search + YouTube + AI optionality
3 META Meta Platforms Social/AI Ads Undervalued/Fair Strong buybacks, ad efficiency, AI monetization
4 AVGO Broadcom Semis/Infrastructure High quality, pricey AI networking + VMware cash flow
5 AMZN Amazon Cloud/E-Commerce Fair AWS recovery, retail margin expansion
6 V Visa Payments Fair Toll-road economics, secular cash-to-card shift
7 MA Mastercard Payments Fair/Pricey Similar moat to Visa, faster global mix
8 ASML ASML Holding Semi Equipment Fair Monopoly-like EUV lithography moat
9 TSM Taiwan Semi Foundry Fair AI foundry leader, scale advantage
10 COST Costco Retail Overvalued quality Exceptional loyalty, pricing power
11 BRK.B Berkshire Hathaway Insurance/Holdco Fair Fortress balance sheet, disciplined capital allocation
12 SPGI S&P Global Financial Data Fair Ratings/data moat, high margins
13 ICE Intercontinental Exchange Exchanges/Data Fair Mission-critical financial infrastructure
14 LIN Linde Industrial Gas Fair/Pricey Defensive industrial compounder
15 AMAT Applied Materials Semi Equipment Fair AI chip capex beneficiary
16 KLAC KLA Corp Semi Equipment Fair/Pricey Process-control moat, high margins
17 LRCX Lam Research Semi Equipment Fair Memory/AI capex recovery
18 ODFL Old Dominion Freight Line Transport Fair/Pricey Best-in-class LTL operator
19 HON Honeywell Industrials Undervalued/Fair Breakup/spinoff catalyst, aerospace/automation value unlock
20 ELV Elevance Health Managed Care Undervalued Quality healthcare name under sentiment pressure
Microsoft screens exceptionally well: StockAnalysis lists 23.25x trailing P/E, 21.11x forward P/E, 15.98x EV/EBITDA, 39.77x P/FCF, and 27.24% ROIC. Alphabet has strong ROIC at 28.34%, but its current valuation is less obviously cheap after a major 52-week run. Meta is still attractive on analyst consensus, with Google Finance showing 32 Buy, 6 Hold, 0 Sell among recent ratings. Broadcom is high quality but no longer cheap, with StockAnalysis showing 64x trailing P/E, 24.5x forward P/E, and 44.7x EV/EBITDA.
10-Stock Model Portfolio
Weight Ticker Role
14% MSFT Core AI/cloud compounder
12% GOOGL AI/search value compounder
10% META Cash-flow + buyback machine
10% AMZN Margin expansion + AWS
9% AVGO AI infrastructure
9% V Defensive payments moat
8% ASML Semiconductor monopoly asset
8% TSM AI manufacturing backbone
8% AMAT Semi equipment cycle
7% HON Spinoff/value-unlock industrial
Bear/Base/Bull Return Framework
Scenario 3-Year CAGR 5-Year CAGR Assumptions
Bear -3% to 4% 2% to 5% Multiples compress, AI capex slows
Base 8% to 12% 9% to 13% Earnings compound, valuations normalize
Bull 15% to 22% 14% to 18% AI monetization accelerates, margins expand
Bottom Line
The best version of this strategy is not “buy what Wall Street likes most.”
It is:
> Buy companies where elite consensus, earnings revisions, moat strength, cash-flow quality, and valuation all line up.
My highest-conviction 10 from this screen: MSFT, GOOGL, META, AMZN, AVGO, V, ASML, TSM, AMAT, HON.

Just bail on SPCX and buy TSM

Buy TSM

> Why do you think Nvidia is just sitting with backlogs instead of investing in ASML to install with TSM to crank out GPUs?
Brother, I literally just explained this to you.

$75B or $750B. It doesn't matter. There isn't enough supply of EUV components to build the machines. No amount of money can make this stuff just appear.
Why do you think no one is investing in ASML? Why do you think Nvidia is just sitting with backlogs instead of investing in ASML to install with TSM to crank out GPUs? NVDA has 100s of billions of net income and practically no capex. It is 100% supply constrained with a $1T backlog. Do you really think Nvidia would rather invest in crap like Coreweave than a key bottleneck in their profit center?
The reality is that SpaceX has nothing that does anything that would help ASML expand any faster than ASML already can expand. Hell, the US considers these things matters of national security and won't even let other countries import the machines, yet it isn't investing in them and it can little print money to invest, just like it did with Intel etc.

Buy TSM