If I Could Buy and Hold Only a Single Stock, This Would Be It

Buying and holding a single stock is a terrible investment strategy. Don't do it. However, it's a worthwhile mental exercise to understand what you value in a company and what risks exist for other stocks you may follow. For me, I'd want a stock that provides market-beating growth, is the top company in its industry, and is in a near-indisruptible position.Very few companies exhibit all these traits, and some may operate in a more competitive industry than others, making disruption more feasible. However, one company I think checks all those boxes (and many more) is Taiwan Semiconductor Manufacturing (NYSE: TSM). This chipmaker is at the top of its industry, poised for significant growth, and has a solid foothold in its sector.It's one of my top stocks to buy now and would be the only one I'd invest in if I were forced to hold only one.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool