SoloFIRE Portfolio Update - 2026 June - $955k

Table of Contents

• 💡Monthly Highlight

  • Better Measurement of Performance

• Updated Stock Analysis and Valuations

  • Adobe Inc (ADBE)

• 💸Detailed Portfolio Update

  • Trades in TFSA Account

    • TFSA portfolio long-term performance

  • Trades in RRSP Account

  • Trades in Taxable Accounts

  • Summary

• Quick Links

💡Monthly Highlight

My portfolio's net asset value declined by about $36,000 compared to last month as renewed fears of AI disruption triggered another selloff in software stocks. Over the past year, my portfolio has underperformed major indices such as the S&P 500, trailing by roughly 14 percentage points.

This underperformance is partly the result of my concentrated exposure to the software sector, which lies within my circle of competence as a software engineer. The other reason is my stubborn commitment to value investing. I continue to avoid chasing the market's hottest stocks and sectors, most notably semiconductors and space-related companies, which have been driving up the market recently. Ironically this very same set of value investing policy has kept me from buying the high-flying software stocks during the 2021 bubble. While it felt frustrating at the time due to the temporary underperformance, it ultimately helped my portfolio decline far less than the overall market in the following year and outperformed the market from 2022 to 2025.

Today it seems that another emotionally driven market cycle is unfolding. This is when value investing becomes difficult, not because the principles stop working, but because it requires patience while everyone else appears to be getting rich overnight. Many of “value“ investors will abandon all their principals and prudence to chase the hot stocks for quick returns, losing themselves to the greed that will eventually lead to permanent capital losses. I have no idea whether my software holdings will outperform over the next year or two, but I do know that I will not abandon my investment philosophy simply because it has temporarily fallen out of favor. I intend to stay within my circle of competence, continue buying businesses rather than stock tickers, and let long-term compounding do the heavy lifting.