Semiconductor stocks continue to rally. There seems to be no top to it. I’m thinking of switching from individual stocks to ETFs. It’s become too hard to look for individual stocks in the current environment, and I’ve missed the boat on most stuff that blossomed over the last few years.

I owned Taiwan Semiconductor in 2023. I was talking with a Tech Analyst who said that it faced a lot of headwinds in the summer of 2023. Told me it was a sale at $100.

I sold it after listening to this clown. Sometimes, the more people know, the less they know. There was a chip shortage at the time, but this dimwhit hadn’t a clue.

I have found that it’s not always the case that low p/e stocks are value traps. I sold too early on a lot of stocks like Celestica, HSBC, IBM, just to name a few. I won on Caterpillar, but not enough to compensate. It requires a lot of digging, but now I’m coming up with nothing.

I picked up a Japanese financial stock, MUFG. The P/E ratio has doubled since I purchased it. There is no fun in that. Just more risk and no upside, in my opinion, for a long time.

The moral of this story? There are times when there just are no good stocks to buy. Sometimes, with fresh cash, just wait if you can. No one ever lost money holding cash. Don’t listen to the blah, blah, blah about opportunity cost.