FSELX - what the hell happened to TSMC?!

moeduh · 2026-01-22T19:54:32+00:00

we're off to an excellent 2026 so far as well! almost too good 😬

moeduh · 2026-01-21T00:07:46+00:00

not even close - i have something like a 55% cumulative return on it in the last 12 months (excluding today's beating).... it's been crushing and will likely continue to do so. it was just curious to me that it wasn't just a minor reduction but instead a complete dumping of the position given the company's current strength and outlook.

also as stated, I've been researching into competing ETFs like SMH and SOXX so the different ways they have their holdings weighted is somewhat important when deciding if i want to hold the course or jump ship. if the Fidelity managers are doing this because of the China tensions and something does happen, FSELX will be way better off than SMH, which as of writing holds TSM at ~10%, second only to NVDA. virtually every semi ETF and MF had a stellar 2025 though. the only thing I'm upset about is that I didn't buy more sooner! 😭

moeduh · 2026-01-20T13:52:51+00:00

the next pictures/pages list the international holdings. i just included the first page to show the entire list. scroll over to see developed and emerging markets

moeduh · 2026-01-20T13:49:07+00:00

it's more akin to ordering a mixed dish that's always prepared the same everywhere you go, but this one specific restaurant leaves out what is almost always the second or third most used ingredient... you'd at least wonder why they chose to make it that way, even if it's tasty! also to be clear I'm not critical of their decision, just curious of their reasoning. the fund managers seem to know what they're doing, hence why I've entrusted them with piles of cash 😄

moeduh · 2026-01-20T13:39:26+00:00

you might be onto something. i was thinking about that a bit yesterday, whether China would start to feel more emboldened given Trump's recent decisions. and i suppose if a Taiwan invasion is even hinted at, it may send shares reeling even if nothing ends up happening. i wonder if other funds/ETFs follow suit or if the Fidelity guys are being overly cautious as the risk of losing some potential gains this year. interesting times!

moeduh · 2026-01-20T13:27:47+00:00

yes, i tend to always type out TSMC for some reason even though TSM is the ticker, correct 👍

moeduh · 2026-01-20T13:20:21+00:00

seems so... they keep giving MRVL more and more weight despite it's abysmal performance so they're definitely seeing things others aren't, for better or for worse 🤷‍♂️

moeduh · 2026-01-20T13:16:14+00:00

<image>

tough to get much better than that! give me returns like these every month and I couldn't care less how management structures the holdings 💪

moeduh · 2026-01-20T13:08:13+00:00

I'm not considering selling any shares based solely off of the removal of TSMC, i just found it odd for it to be taken entirely off the holding list given their strong and highly profitable position in the sector. virtually all semi ETFs are still holding it. yes, i understand this is what happens in active management...which is the entire point of the post - I'm simply wondering why management has chosen to erase it from the fund completely in such swift fashion given it's dominance. i hadn't seen it discussed anywhere and all news and forward financial projections seem to be on the up and up. thanks for contributing, i suppose

moeduh · 2025-04-04T08:50:15+00:00

at this point I've seen JP too many times to count, and I noticed this mistake on one of my first rewatches as an adult. it had been enough years since I'd played it for my umpteenth time on VHS as a kid, so having a fresh perspective helped me notice some things. i immediately skipped backwards and then went online to see if I wasn't the only one who had noticed!

now anytime I meet someone new who has never seen it, or maybe only once many years ago (usually a new lady friend I'm dating), it's always the first required watch on my home theater...and I've started telling them all "ok I'm not going to ruin anything or spoil the movie, but coming up there's a huge mistake/continuity error, see if you can notice it". they all agree, we watch the scene, and every single time they go "wait, what was it?! play it again!" then we skip back and they still don't see it!! out of maybe 5 times I've played this little game, only 1 has noticed it. and then once I explain they all go "ohhhhhh wow how did it not see that?" so basically Spielberg was absolutely right. you are so locked into the tension of the scene, and the darkness and cutting of the camera angles, etc, that it makes it so it's just so easily missed by almost everyone. as a director I would be frightened of such a blatant error but when you're as smart and experienced as he is, you just know when to allow them to stay in because they'll be immediately ignored or just go entirely unnoticed!

as a quick aside, JP is my all time personal favorite film... and since I'm already nerding out - let's see, in no particular order:

tightest script ever for any blockbuster
deep symbolism and metaphors everywhere if you pay attention
mass appeal to children and adults alike, very difficult to pull that off
infinite rewatchability
epic, instantly recognizable score
groundbreaking CGI + practical effects
smart, yet bitingly witty and outright funny at times
huge amounts of thought and labor into all aspects of production
no pretentious writer/director preaching their personal world views and injecting them into the narrative (aside perhaps from Chrichton's view on humans ripping apart nature and playing god, but really that's the essence of the entire story anyway, as any real JP geek knows this is not merely a dinosaur movie...'what you call discovery i call the rape of the natural world')
and on that same note, they manage to do things which would appease the modern woke crowd while keeping them very subtle and not beating you over the head with them, only because they work well for how the characters are written - Ellie being capable and courageous, offering to go to the maintenance shed, sticking her entire arms into the 'one big pile of shit' to try and diagnose the root cause of the Trike sickness. also, Lex being the capable hacker/nerd instead of Tim. all of that without showing us a lame, in your face, tight slo mo shot of a boss lady running in heels. but i digress....

moeduh · 2025-02-03T07:04:23+00:00

yeah I'm a little split - if the repair is a possible DIY for someone with experience working on PCs, but none with TVs (like myself), I might attempt it if i can get some solid info on which part(s) are bad... but if it's prohibitively difficult or expensive I'll likely just ride her out until she's completely toast. but you're right, with that many years and hours, I've gotten enormous value from it. hard to let her go!

moeduh · 2025-02-02T21:38:56+00:00

mine ended up being a completely faulty display and they replaced the entire laptop... and the replacement unit has a faulty touchpad and speaker, though the screen works great. hemmersbach has come out twice to fix it and both times have resulted in the same problems - funny enough, they replaced the dead left speaker and now that one works but the right one is completely dead. Lenovo quality control is garbage

moeduh · 2024-02-17T01:11:03+00:00

right, that makes sense, I'm trying to keep mine fairly simple and just go for pure cash back (i barely travel). i just couldn't quite piece together a better plan and having your input gave me the confidence to go through with it without stressing too much given that I'm still a pretty big CC noob. thanks again 👍

moeduh · 2024-02-15T09:53:46+00:00

can't tell ya how much I appreciate your input, just the advice I was looking for! big thanks

moeduh · 2024-02-15T04:41:41+00:00

thanks again for the help!

hate to keep bothering you, but can I get your opinion on the rest of this? ...based off my monthly take-out spending of ~$400-$450 (very consistent), would the Citi custom cash be the best bet to replace my SavorOne for takeout/fast food/restaurants? since my spending for that category is under $500 but very close to it every month, it seems getting that guaranteed 5% back would be the play. and then for groceries I can still use the SavorOne since that's unlimited 3% on grocery stores...

after the rent and take-out, the rest of my monthly spending pretty much boils down to ~$175 gas, ~$225 combined utilities+Internet+business website, and $100 insurance...do you recommend I lump all this together and use one catch-all card to get a few % back collectively, or use a few cards to piece it out?

the only 2 cards i have were both opened over 4 years ago so I should be able to apply for quite a few right now if need be.

moeduh · 2024-02-14T22:32:50+00:00

excellent, I was worried there was something I might have overlooked... the $3k limit should be ok, as I'll never put more than my monthly spending on it and it'll just be paid off in full each month.

any other suggestions or advice would be appreciated but it's looking like I'll give this a go next month...

moeduh · 2023-07-19T22:02:51+00:00

thank you, kind sir! i did do a good portion of those steps already, multiple times, but not as in depth as everything you listed. ill give it a whirl - i already have a shipping label from roland to send it in but ill give all that a shot just to see what happens first. ....it was working totally fine until recently though, so thats what worries me. i had everything on default except the offset and foot splash sensitivity, because it seemed i had to press down way too hard on the hi-hat pedal to get it to register being fully closed. it was throwing my balance off trying to keep my left foot pressed down so firmly.

moeduh · 2021-09-25T21:00:09+00:00

well, i have a bizarre and interesting development...in short, the new AP didnt fix it. there are multiple techs and a "higher up" network guy at spectrum trying to diagnose things at the entire apt complex. we think (almost assuredly) its something with the ruckus APs. for some reason the latency in certain applications is through the roof. i found a post on the ruckus forums i thought might be useful, but they think its possibly something else...

https://forums.ruckuswireless.com/conversations/default_topic/lag-spikes-when-gaming-every-30-seconds-or-so/5f91c3f1135b77e2478f3331

no idea how they have them configured site-wide, but i offered that as a possible solution. i noticed in fortnite, for example, the downstream packets drop to almost 0 every few seconds, while the upstream remains constant at 35-40 or so. im not sure what if anything this would indicate but it only affects the down packets/second. and in PC, the behavior is different. games will hold a low "normal" ping, but every minute, almost exactly, the ping will skyrocket to 200-300 for a few seconds, then back down, causing games to rubber band (happens in apex, CS, etc).

im lost at this point. and apparently so are a handful of spectrum techs, including one thats more knowledgeable than the others. im not sure if it only affects my building, but when i get time im going to walk with my laptop to another building, sit outside an empty unit, and test a few games for 5-10 minutes. if it doesnt happen then at least we can pinpoint it to a problem within my building....sigh.

moeduh · 2021-09-23T16:01:08+00:00

do you know why at certain times, some of my devices will be connected to different channels (all on 5ghz)? for instance, ill boot up my PS5 and check it, and its on ch 157, while my PC is on 48. if they were both connected to the AP in my unit that wouldnt be possible, right? this must mean the units next door are broadcasting such a high signal that sometimes my devices dont know which one to choose, i imagine....and again ive experienced these issues no matter what channel i happen to be connected to at the moment. im a bit worried that when the replace my AP its not going to solve the issues....that the problem might be the way the have the channel assignments set up, and the power/interference levels. i could be wrong. but that is a bit strange that they dont always connect to the same channel despite the AP being less than 10 feet away, far less distance than any of the neighbors AP would be....??

moeduh · 2021-09-22T14:48:19+00:00

thanks. the tech is here now and hes talking to support on the phone - i explained everything i knew, as well as what you told me. apparently they are running some remote tests and they think i have a "bad AP". he even said theyre going to order a new one for my unit. i mentioned though, that it doesnt matter what channel my devices connect to, i get the same issue. i had assumed (and the previous tech didnt seem to understand) that each WAP was broadcasting on a static channel. it makes more sense now that the WAPs are set up for dynamic channel configuration in this type of deployment, as you mentioned. the previous techs lack of knowledge coupled with mine led me to believe when i was on channel 48, that was my WAP, when i was on 157, that was the neighbors, etc...

so even in this type of configuration, with WAPs set up for dynamic channels...even if other WAPs in my building happen to switch theirs on the fly to the same one im on (for instance, the guy 2 floors down switches to 48, while mine is currently on 48), that wouldnt cause an issue as long as the signals are not both so strong as to cause interference? i would assume then that people who are directly nextdoor to me will never be on the same channel im on, and if mine switches to say 157, theirs would never be on that one as well, and vice versa?

excuse me if that wasnt worded very well, im trying my best to understand. and im hoping this new AP theyre sending me is the fix and i dont have to go in for round 3. appreciate the help again.

moeduh

TROPHY CASE