I just noticed that I forgot to post last year’s results for the Bainsworld Superannuation Fund. Our investment earnings rate for 2006 was 11.7% which seems a little low given the way the Australian market has been performing of late. Still we think that 2007 will be an improvement on this.

Holdings include shares in:

  • Alinta
  • ARB Corporation
  • BlueScope Steel
  • ConnectEast Group
  • JF Meridian Trust
  • National Australia Bank
  • OrotonGroup
  • The Reject Shop
  • Toll Holdings

We also have a number of managed investments and units in an unlisted property trust. The standout performer in our portfolio is The Reject Shop (ASX code TRS) which has been growing at a compound annual growth rate of 100% - yes, it has doubled in value every year for the four years we have held it!