Portfolio Update 06/15/2026
Since my last update, my portfolio gained 0.9%, while SPY was up 2.1%. Not terrible, but definitely an underperformance.
The portfolio had been steadily marching toward a seven-figure valuation, but the drop on 6/5 set it back a bit. Even after the rebound following the peace deal, it still has not quite reclaimed its all-time high.
I also made a few tweaks across several of my spells. In particular, I swapped out QQQ and similar Nasdaq-heavy exposures for XLK and related tech-sector alternatives.
This may have been a bit of an overreaction on my part, but I was not thrilled about the idea of becoming exit liquidity for early investors in a company that recently IPO’d. Sometimes portfolio management is less about making the perfect move and more about removing exposures that make you uncomfortable.
This will be a shorter-than-usual update. Things are hectic and stressful at the moment because of a big personal move, so I’m keeping this one brief.
Hopefully by the next update, life will be a bit more settled — and the portfolio will be back to making new highs.
I can't see your YTD data, but since I assume it's close to your 6-month performance, then you're in the neighborhood of 30%. Which is fantastic, congratulations!
Personally, I'm only around double the SPY, which is good enough for me, as I'm holding around 25% cash, and I stll have some energy and commodity assets as a hedge.
I don't like this euphoric IPO era, and neither does Ken Fisher -- in fact, he considers it to be one of the major risks for 2026.
https://www.youtube.com/watch?v=dFJe2-PvOrs
So, it's not just the dilution of the Nasdaq that is worrisome -- it's where we'd be on the speculative scale.
How do you think about this topic?
Thank you.
So, from now on, will I only be uploading portfolios without the JJ series or other topics?