Project $1M: End Of A Journey With Mission Accomplished

Integrator
16.11K Followers
(11min)

Summary

  • After 9 years, the Project $1M portfolio has achieved its objective, outperformed the S&P 500 by nearly 3% annualized and now comes to an end.
  • Active management, while challenging, allowed me to identify and hold high-quality businesses, resulting in significant gains from companies like Pro Medicus and MercadoLibre.
  • Having the portfolio "concentrate itself" helped deliver sustained returns over an extended period of time, with the best performers crowding out the weaker ones.
  • Moving forward, while active management was very rewarding, I plan to shift more of my capital toward index funds and those investments with “lower business risk”.
  • My sincere thanks to all Seeking Alpha readers who have followed along and consumed Project $1M updates over the last 9 years.

1 Million Celebration Balloons with Confetti

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A little over 9 years ago, I started a tracked portfolio on Seeking Alpha with the objective of turning a fixed sum of approximately $275k into $1M over a period of 10 years. The aim of this portfolio was

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This article was written by

16.11K Followers
I am an investor who is focused on disruptive businesses that are transforming industries lead by visionary leaders with substantial skin in the game. I have spent nearly 20 years in a formal capacity in various investment banking and corporate advisory roles, having attained my MBA with a concentration in finance. This led me toward a path in Venture Capital and working with entrepreneurs building new technology businesses, and I have had the opportunity to not only invest in a number of amazing privately held businesses, but also play a meaningful role in growing several of these early stage enterprises as well. I am now focused on applying my lens of private market disruption and leveraging secular tail winds to the public markets.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ALL PROJECT $1M POSITIONS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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