My trading record (2021-10-06, bought US stock TSM)

Abstract: Explain the reasons of buying US stock Taiwan Semiconductor Manufacturing Company Limited (TSM) and share my views.

Transaction detail

What I want to share with you today is the transaction I made on October 6. The details are as follows:

Bought stock

• Taiwan Semiconductor Manufacturing Company Limited (US stock code: TSM)
• Quantity: 6 shares
• Bought price: US$108.14
• Commission fee: US$0.35

Reasons to buy TSM

Recently, the share price of TSMC has dropped slightly, but it is obviously better than other companies of the same size. Although I do not rely mainly on technical analysis in investment, this situation usually means that this stock is stronger. When the market conditions reverse, it will be rebounded easier. In addition, TSMC has almost fallen to its recent low, so I decided to increase the position in a small lot again.

The latest unfavorable news about TSMC is that the United States requires chip companies, including TSMC, to hand over their business operation data to the US government. The market is afraid that this will have an adverse impact on TSMC’s operating advantages. But I think that in the course of business operations, companies will definitely experience various levels of government intervention or policy influences. After years of development, TSMC has accumulated experience, expertise and capital. I believe that it is in high possibility that TSMC can overcome these difficulties again this time. As an investor, don’t sell your holdings as soon as you hear bad news, and buy them again when there is good news, if you invest in this way it is impossible to succeed in investment.

Comments and sharing

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