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Is Taiwan Semiconductor Still a Buy for Long-Term Investors?

Every time Taiwan Semiconductor Manufacturing reports another remarkable quarter, I ask myself the same question: How can one company be simultaneously one of the strongest businesses in the world and one of the most uncomfortable stocks to own? The answer is simple. TSMC manufactures the most important chips on Earth from an island that sits at the center of one of the most dangerous geopolitical rivalries on Earth. That creates an investment capable of inspiring admiration and indigestion at the same time. TSMC is the manufacturing engine behind much of modern computing. It produces advanced semiconductors for artificial intelligence systems, smartphones, data centers, automobiles, communications equipment, and countless devices most of us use without thinking about the microscopic engineering inside them. When a technology company announces a revolutionary processor, investors usually celebrate the company whose name appears on the presentation. TSMC is often the business actually r...
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Is Alphabet Still Undervalued Compared to Other Big Tech Stocks?

Market data and valuation figures are as of July 21, 2026. For years, Alphabet was the Big Tech stock investors described as “cheap.” Not cheap in the traditional sense, of course. Nobody looked at a trillion-dollar technology company and confused it with a clearance-bin toaster. Alphabet was cheap only by the peculiar standards of Big Tech, where a company could dominate global advertising, generate tens of billions of dollars in free cash flow, own several of the internet’s most valuable properties, and still trade at a lower valuation than another company selling phones, software, or artificial intelligence dreams. I understood the argument. Alphabet owned Google Search, YouTube, Android, Chrome, Gmail, Maps, Google Cloud, and a collection of other products that billions of people used while occasionally claiming they wanted less Google in their lives. The company produced enormous profits, maintained a fortress-like balance sheet, repurchased stock, and eventually began paying a di...

Is Nvidia Still a Buy, or Has the Market Priced In Perfection?

All financial figures and market data are current as of July 20, 2026. I have a complicated relationship with Nvidia stock. Every time I look at the valuation and decide the market has finally become too enthusiastic, Nvidia reports another quarter that makes my concerns look like they were prepared using a calculator from 1997. Revenue rises. Data-center demand breaks another record. Management raises the bar. Analysts revise their estimates. The stock climbs. Then someone announces that Nvidia is obviously overvalued because it has already gone up, which remains one of the financial world’s favorite ways to confuse price movement with business analysis. Still, I cannot ignore the question. Nvidia shares recently traded around $203, giving the company a market capitalization of approximately $4.96 trillion. That is not merely a large valuation. It is the kind of number that causes me to check whether I accidentally leaned on the keyboard. At nearly $5 trillion, Nvidia is no longer an ...

SCHD vs. the S&P 500: Which Is Better for Long-Term Investors?

Fund data and portfolio figures are current as of July 2026. This article is general analysis, not individualized financial advice. I have spent enough time around investors to know that comparing SCHD with the S&P 500 is never merely a comparison between two investments. It becomes an argument about identity. One side wants dependable dividends, established businesses and the reassuring sight of cash arriving every quarter. The other wants broad exposure to America’s largest companies and sees no reason to place an artificial ceiling on growth merely because a company has not joined the dividend-distribution club. Before long, everyone begins defending an exchange-traded fund as if it raised them. I understand the emotional attachment. SCHD and the S&P 500 represent two different ways of thinking about long-term investing. SCHD emphasizes established companies with durable dividends and strong financial characteristics. An S&P 500 fund owns a much broader collection of lar...