We have just completed our accounts for 2005 and I’m happy to report that the Bainsworld Superannuation Fund returned 17.5% to its members after tax and all expenses for the last year. Not too shabby given that today’s Australian Financial Review Quarterly Review of Funds liftout lists the performance of the Top 20 super funds ranges from 10.7% to 13.9%.

It’s steady as she goes for now although we are probably holding a bit too much cash. It has been difficult to find good value propositions in the market but all we have to do is be patient and eventually, the market will cough up some opportunities.