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

Picking a single stock to buy and hold is a terrible investment strategy unless you're 90% invested in index funds -- then it could make sense if you have a high-conviction pick.Still, I think ranking your stock ideas is a worthy strategy as it exposes what direction you think the market will ultimately go over the next five years. Additionally, it can help you realize your overall risk tolerance, as choosing a quantum computing stock as your top pick is far different than choosing an established, blue chip business like Costco Wholesale.If I were limited to one stock today, it would be Taiwan Semiconductor Manufacturing (NYSE: TSM). Taiwan Semiconductor is the world's leading chip manufacturer, and has solidified that position over years of innovation and outperformance. Even though TSMC has had an excellent run over the past few years, I think there's still plenty of room for upside.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool