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Project $1M continued to deliver the same solid progress in March that it had done in February. Unexpectedly good results from CTRIP (CTRP) and a continued reappraisal of Mercadolibre's (MELI) prospects upwards led to some steady share price appreciation in both stocks.
As a result, the portfolio made new all-time highs in March and was up some 5.2% over the course of the month, marginally outperforming the S&P 500 index which delivered a 3% return.
My broader investment focus with Project $1M is the purchase and long term hold of a clutch