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Portfolio Rebalancing – Sold TWTR to Nibble the Largest Semiconductor Foundry Coy in the World, TSM
By Live Rich Life Free  •  June 10, 2021
I have rebalanced my new US growth stock portfolio for the very first time. I have not been in favour of social media stocks such as Facebook, Twitter and Netflix as I am always remembering the burst of dot com bubble in late 1990s. I am also not an avid user of social media, other than watching a lot of YouTube videos. Upon seeing the share price of Twitter (NYSE:TWTR) go above $60, I placed a sell order of $60.51 on 9 Jun 2021 and got filled. Today, I decided to nibble some shares of Taiwan Semiconductor Manufacturing Company (NYSE:TSMC) to initiate a first position in the world's largest semiconductor fountry which boasts Apple, Qualcomm, Nvidia, AMD and Intel as its customers. It will be a long term position as TSM dominates more than 90% of the market share in manufacturing <10nm advanced chip technology. I also believe in its immense 7nm...
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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