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Sold ADBE to buy AMZN [Last Update]
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- Solo FIRE
I closed the small ADBE position in my non-registered (~1.8% of the portfolio) to raise cash and bought the AMZN dip. I no longer believe in the moat this company has. Since I started making Youtube videos, I noticed that there are so many free tools online, making it no need for me to pay for any ADBE's service.
ADBE will likely do well going forward as its products are still widely used for complex projects and for the enterprise users, but its growth may slow down due to competition and the rise of AI tools. I think its valuation is on the expensive end at P/FCF 38, and the risk and reward for buying AMZN is much better.
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As a result of the sale, Solofire blog will stop covering ADBE going forward.
DISCLAIMER: Solofire is not a registered financial advisor. This post contains author's personal opinion only and it should NOT be considered financial advice.