$Taiwan Semiconductor(TSM.US)

Context:

TSM is one of the positions I see as a long-term holding. My average cost is $285 and the position is currently up around 47%.

What matters to me is not simply how much the stock has gained, but whether the company is still delivering on the reasons I wanted to own it. Its position in advanced semiconductor manufacturing and the continued growth of AI and high-performance computing are the main things I’m paying attention to.

My Trade:

I’m continuing to hold rather than treating the 47% gain as a reason to exit. For a long-term position, I care more about whether the underlying business and my original thesis remain intact than about short-term price movements.

Takeaway:

A long-term investment still needs to be reviewed from time to time. For me, the goal isn’t to sell simply because a position has done well, but to keep asking whether the company still deserves a place in my portfolio.

I’m curious how others approach this: for a company you originally bought as a long-term holding, what would make you change your mind?