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This account enables an income
earner to gradually build up adequate funds for
retirement and other long-term goals. The unique feature of our IRA
scheme is that unlike most other similar schemes, our funds are
mainly invested in stocks. This is underscored by the fact that
stock investments offer opportunity of superior returns. AIRA is
essentially a long-term account and over time, stock investments
have out-performed most other long-term investments. With daily
supervision and active management approach, our investment funds
have performed above average. Investors are advised to set aside a
minimum of 10% of their monthly earnings and commit these to a
long-range scheme under professional supervision and as the fund
managers continue to trade on them through investment in selected
securities quoted on the Nigerian Stock Exchange, you will be amazed
at the growth of your investment fund. N.B. best results are only
guaranteed on long-term. There is no fixed amount of contribution.
It is flexible, you can increase or reduce your monthly deposit as
occasion demands. The fund managers are obliged to make periodic
reporting of account to enable investors monitor the growth and
value of the accounts as time goes on. Withdrawal from account
demands 7-days prior notice. Terminal benefits could take the form
of either total withdrawal or programmed withdrawal as the investor
chooses. The attached tables give a picture of the potential
estimated returns on investments. |
| |
| |
SUMMARY OF ESTIMATED POTENTIAL GROWTH OF THE FUND |
| |
| |
| |
N24,000
@30%
p.a |
N50,000
@30%
p.a
|
N60,000
@30%
p.a |
N100,000
@30%
p.a |
N200,000
@30%
p.a
|
N500,000
@30%
p.a |
|
|
|
1. |
31,200 |
65,000 |
78,000 |
130,000 |
260,000 |
650,000 |
|
2. |
71,760
|
149,500 |
179,400 |
299,000
|
598,000 |
1,495,000 |
|
3. |
124,488 |
259,350 |
311,220 |
518,700 |
1,037,400 |
2,593,500 |
|
4. |
193,034 |
402,155 |
482,586 |
804,310 |
1,608,620 |
4,021,550 |
|
5. |
282,144 |
587,801 |
705,361 |
1,175,603 |
2,351,206 |
5,878,010 |
|
6. |
397,988 |
829,141 |
994,970 |
1,658,283 |
3,316,567 |
8,291,410 |
|
7. |
548,584 |
1,142,884 |
1,371,461 |
2,285,769 |
4,571,538 |
11,428,840 |
|
8. |
744,359 |
1,550,749 |
1,860,899 |
3,101,499 |
6,202,999 |
15,507,490 |
|
9. |
998,867
|
2,080,974 |
2,497,169 |
4,161,949 |
8,323,899 |
20,809,740 |
|
10. |
1,329,728 |
2,770,267 |
3,324,320 |
5,540,534 |
11,081,069
|
27,702,670 |
|
11. |
1,759,846 |
3,666,347 |
4,399,617 |
7,332,695 |
14,665,390 |
36,663,470 |
|
12 |
2,319,000
|
4,831,251 |
5,797,502 |
9,662,503 |
19,325,007
|
48,312,510 |
|
13. |
3,045,901 |
6,345,627 |
7,614,752 |
12,691,254
|
25,382,509
|
63,456,270 |
|
14 |
3,990,871 |
8,314,315 |
9,977,178 |
16,628,631
|
33,257,262
|
83,143,150 |
|
15 |
5,219,332 |
10,873,610
|
13,048,332
|
21,747,220
|
43,494,440
|
108,736,100 |
|
16 |
6,816,332 |
14,200,693
|
17,040,831
|
28,401,386
|
56,802,772
|
142,006,930 |
|
17 |
8,892,432 |
18,525,901
|
22,231,081
|
37,051,802
|
74,103,604
|
185,259,010 |
|
|
|
|
|
|
|
|
18 |
11,591,362
|
24,148,671
|
28,978,405
|
48,297,343
|
96,594,686
|
241,486,710 |
|
19 |
15,099,971
|
31,458,272
|
37,749,927
|
62,916,545
|
125,833,091
|
314,582,720 |
|
20 |
19,661,162
|
40,960,754
|
49,152,905
|
81,921,509
|
163,843,019
|
409,607,540 |
|
|
|
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Also see the table below of 20% return on investment so as to know the long-term effect of a 10% difference in return on investment . |
|
|
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| |
20%
p.a
N24, 000
|
20%
p.a
N50, 000 |
20%
p.a
N60, 000
|
20%
p.a
N100, 000
|
20%
p.a
N200,000
|
20%
p.a
N500,000 |
|
|
|
|
|
|
|
|
|
1. |
28,800
|
60,000 |
72,000 |
120,000 |
240,000 |
600,000 |
|
2. |
63,360 |
132,000 |
158,400 |
264,000 |
528,000 |
1,320,000 |
|
3. |
104,832 |
218,400 |
262,080 |
436,800 |
873,600 |
2,184,000 |
|
4. |
154,598 |
322,080 |
386,496 |
644,160 |
1,288,320 |
3,220,800 |
|
5. |
214,318 |
446,496 |
535,795 |
892,992 |
1,785,984 |
4,649,606 |
|
6. |
285,981 |
595,795 |
714,954 |
1,191,590 |
2,383,180 |
5,957,950 |
|
7. |
371,978 |
774,954 |
929,945 |
1,549,908 |
3,099,816 |
7,749,540 |
|
8. |
475,173
|
989,945 |
1,187,934 |
1,979,898 |
3,959,780 |
9,899,450 |
|
9. |
599,008 |
1,247,934 |
1,497,520 |
2,495,868 |
4,991,736 |
12,479,340 |
|
10. |
747,610 |
1,557,520 |
1,869,025 |
3,115,041 |
6,230,083 |
15,575,200 |
|
11. |
925,932 |
1,929,025 |
2,314,830 |
3,858,050 |
7,716,100 |
19,290,250 |
|
12. |
1,139,918 |
2,374,830 |
2,849,796 |
4,749,660 |
9,499,320 |
23,748,300 |
|
13. |
1,396,702
|
2,909,796 |
3,491,755 |
5,819,592 |
11,639,184
|
29,097,960 |
|
14. |
1,704,842 |
3,551,755 |
4,262,106 |
7,103,510 |
14,207,021
|
35,517,550 |
|
15. |
2,074,611 |
4,322,106 |
5,186,527 |
8,442,112 |
17,288,425
|
43,221,060 |
|
16. |
2,518,333 |
5,246,527 |
6,295,833 |
10,493,055
|
20,986,111
|
52,465,270 |
|
17. |
3,050,799 |
6,355,833 |
7,626,999 |
12,711,666
|
25,423,333
|
63,558,330 |
|
18. |
3,689,759
|
7,686,999 |
9,224,399 |
15,373,999
|
30,747,999
|
76,869,990 |
|
19. |
4,456,511 |
9,284,399 |
11,141,279
|
18,568,799
|
37,137,599
|
92,843,990 |
|
20 |
5,376,614 |
11,201,279
|
13,441,535
|
22,402,559
|
44,805,119 |
112,012,790 |
|
|
|
See also the
table below for lump sum payments using 20% and 30% rates of
return respectively. |
|
|
|
| |
|
30%
Returns
p.a |
Look at
20% of the same amount |
N10m |
N 20m |
N40m |
N60m |
N
20m |
N 40m
|
N60m |
|
|
1. |
13m |
26m |
52m |
78m |
24m |
48m |
72m |
|
2. |
16.9m
|
33.8m
|
67.6m
|
107.4m
|
28.8m
|
57.6m
|
86.4m |
|
3. |
21.9m |
43.9m |
87.8m |
131.5m |
34.5m |
69.1m
|
103.6m |
|
4. |
28.5m
|
57.1m
|
114.2m
|
171.3m
|
41.4m
|
82.9m
|
124.4m |
|
5. |
37.1m
|
74.2m
|
148.5m
|
222.7m
|
49.7m
|
99.5m
|
149.2m |
|
6. |
48.2m
|
96.5m
|
193.07m
|
289.6m
|
59.7m
|
119.4m
|
179.1m |
|
7. |
62.7m
|
125.4m
|
250.9m
|
376.4m
|
71.6m
|
143.3m
|
214.9m |
|
8. |
81.5m
|
163.1m
|
326.2m
|
489.4m
|
85.9m
|
171.9m
|
257.9m |
|
9. |
106.04m
|
212.09m
|
424.1m
|
636.2m
|
103.1m
|
206.3m
|
309.5m |
|
10. |
137.8m
|
275.7m
|
551.4m
|
827.1m
|
123.8m
|
247.6m
|
371.5m |
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