BABA - Project $1M: February Brings New Highs
The steep correction of December 2018 now seems a distant memory. Project $1M made new all time highs in February as a result of renewed optimism on China and a swag of positive results from portfolio components.
Overall, the portfolio finished up some 4.96% for the month, marginally outperforming the performance of the S&P 500 which was up 3.82% for February.
My broader investment focus with Project $1M is the purchase and long term hold of a clutch of high growth, cash-generating businesses that are powered by secular tailwinds, are owner-aligned and managed, and generate