SoloFIRE Portfolio Update - 2026 October - $986,000

Table of Contents

• 💡Monthly Highlight

• 📈Updated Stock Analysis and Valuations

  • United Health (UNH)

  • MSCI

  • Alphabet Inc (GOOGL)

  • Meta

  • Amazon (AMZN)

  • Visa Inc (V)

  • Vitec Software (VIT.B)

• 💸Detailed Portfolio Update

  • Option Holdings

  • Trades in TFSA Account

    • TFSA portfolio long-term performance

  • Trades in RRSP Account

  • Trades in Taxable Accounts

  • Summary

• Smith Maneuver Portfolio Updates

• Quick Links

💡Monthly Highlight

Net portfolio value decreased by about $26,700 in October, or 2.6%, driven by post-earnings declines in hyperscalers such as Google and Meta, partially offset by a strong recovery in my software and financial holdings. The highlight was Constellation Software, my largest position, which rebounded by 20% while much of the broader market remained flat or experienced slight declines.

The international portion of my portfolio performed exceptionally well. Vitec Software gained another 12% as the company reported solid Q3 growth of 15%. Its stock price has now rebounded by approximately 40% from its July low. The Japan based Hennge saw its stock price rose nearly 20% after completing its transition from the Tokyo Stock Exchange Growth Market to the Prime Market. This move should help attract greater institutional investment and further strengthen the company's credibility with enterprise customers. Hennge has become the best-performing stock in my portfolio, delivering a 69% year-to-date return.

On the topic of AI trade, I continue to believe that the AI buildout will deliver outsized returns to investors despite the recent selloffs. I have experienced firsthand how agentic AI has transformed my work as a software engineer in less than a year. My role has evolved from writing code manually to managing agentic workflows that can autonomously complete implementations in most cases. The accelerating cloud revenue growth reported by all the major hyperscalers provides strong evidence of rapid AI adoption, and I don't see this trend slowing down anytime soon.

Despite my optimistic outlook on AI, I will continue to invest only in wide-moat companies that I believe can perform well regardless of how the AI buildout ultimately unfolds. This approach has led me to exclude highly volatile computer hardware and neocloud companies, such as Micron and Nebius, from my list of potential investments. These businesses rely heavily on AI-driven demand which may be highly cyclical in nature. Investing in cyclical businesses at wrong times can result in permanent capital loss. For this reason, I have no interest in adding any of these companies to my portfolio despite their recent price corrections.