MikeKum Unit Trust Services

27/08/2026

[Save in EPF, earn 5.5% annual interest? Is it good deal?]
Some people have been asking this. ANS: For folks who can't take any form of risk, its an alternative. Come talk to me, cheers.

Refer:Voluntary Contributions:
You can add extra savings anytime using the KWSP i-Akaun App or online banking through a method called i-Simpan (Self-Contribution). [1]

Contribution Limits:
You can deposit a minimum of RM1 up to a maximum of RM100,000 per year. [1]

Dividends:
Your voluntary deposits earn the same annual dividend rates as your mandatory savings (which historically range between 5% to 6%+ depending on EPF performance, with a guaranteed minimum of 2.5% for Simpanan Konvensional). [1, 2]

Tax Benefits:
Voluntary contributions qualify for personal tax relief up to RM7,000 per year (combined with life insurance or other categories depending on current tax rules), and your dividends are tax-free. [1, 2]

Important Rules to Remember.
Lock-in Period:
Money placed in your main EPF accounts follows standard withdrawal rules. It is primarily meant for retirement, though portions go into your flexible account depending on the current account structure. [1, 2]

Ownership:
Never deposit your own personal cash into someone else's EPF account (like a parent's or sibling's) to chase returns.
Opinions are mixed regarding this practice; users point out that legally the money becomes theirs, which can cause severe complications during inheritance or family disputes. [1]

26/08/2026

[Good financial planning is multi-prong risk managed] --
https://www.youtube.com/shorts/qD_jj54dhOM
Watch this video on how historical engineering defending a city, can be applied to practical Financial Planning.
>> Please ask me on how to save for rainy day, cheers.
-Create strong, robust architecture, with moat: safety in numbers, reduce external risks,
-Seasonal change: good and bad times will occur,therefore make hay when sun shines.
-Prepare for the worst : with good project mgt and wisdom, to overcome the biggest enemy, ie ourself.
-Without proper financial knowledge, we lack the wisdom to carry out proper ex*****on.

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

26/08/2026

On money - two excellent books recommended for reading.
Thou Shall Prosper - Philosophy of wealth, work, business, and personal character.
Business Secrets from the Bible - Practical principles using Biblical stories, Hebrew language concepts, and Jewish tradition to derive lessons about business, relationships, leadership, money, and decision-making.
Summary:
-TSP, 10 Commandments of Wealth Creation:
Commandment 1: Believe in the Dignity of Business: View commerce as a noble occupation that serves others, rather than a selfish or dirty pursuit.

Commandment 2: Extend Your Network: Build authentic, deep relationships. True wealth is built on a massive web of human connections.

Commandment 3: Achieve Honest Self-Knowledge: Understand your strengths, weaknesses, and motivations to build a lasting enterprise.

Commandment 4: Do Not Pursue Perfection: Avoid stagnation by taking calculated actions instead of waiting for flawless conditions.

Commandment 5: Lead to Prosper: Leadership requires courage and vision. You must learn to guide others effectively to scale your success.

Commandment 6: Change is Inevitable; Embrace It: Anticipate cultural and economic shifts, and proactively adapt your business model.

Commandment 7: Learn to Foretell the Future: Read economic and societal trends accurately to make smart, forward-looking decisions.

Commandment 8: Know Your Money: Master financial metrics, understand accounting basics, and treat capital with respect.

Commandment 9: Increase Your Wealth by Giving: Tithing and philanthropy open up paths to abundance and keep your ego in check.

Commandment 10: Never Retire: View work as a life-long contribution to society that keeps your mind, body, and spirit active.

-BSB :
Money Follows Service: Profit is a direct byproduct of solving other people's problems and adding value to their lives. When a buyer and seller both leave a transaction satisfied, God is pleased.

Interdependent Economy: Wealth creation relies on specialization and exchange. By mastering a specific trade and trading with others, communities create mutual abundance.

Network is Net Worth: The book highlights building intentional relationships. Business thrives when you focus on meeting others' desires and expanding your connections.

Embrace Ongoing Work: Lapin actively challenges the modern concept of retirement. He argues that continuous work keeps individuals connected, relevant, and fulfilled.

Character is Capital: Financial success requires personal mastery, including self-discipline, integrity, and overcoming the fear of change.

26/08/2026

[Life of Dolly Parton, not just a superstar singer but her legacy of giving back]--
Let's watch this Dr open up on the late singer Dolly Parton's life and story. Her final yrs caring for sick late husband, and her personal life's strong financial management wisdom, knowledge and sharp business sense helped build many people's lives. That's why financial knowledge is crucial for success. Cheers.
https://www.facebook.com/reel/28034479436183756

12/02/2026

[NSS education program UEC schools]
-We are helping as many UEC, STPM, SPM school leavers (12yrs education needed) who are keen to continue their education in Japan.
-Under JPUE program, selected Japanese University are offering courses for students.
-Benefit: Most of these schools offer foc tuition fees (for students with good results), scholarship & grants.
-but must learn Japanese, pass N5 (highest level)
-Come find out more from me. Thks and Cheers.

15/03/2025

Since 2010 (15 yrs ago), I've written extensively, and widely on socio-economic / commercial matters that affect the common man-on-the-street type of concerns. Most deal with health, Resident Association matters (local council law, support, work with elected reps+ law officers).
This topic was brought up by YB Maria (former MP P.Jaya city), in 2018-2022. The govt hospital that can help serve PJ's 1m residents can finally be materialised in 2026. Let's how it progresses, cheers.

UMMC is currently overwhelmed due to sheer number of visitors.

15/03/2025

What is not new in 2025? Fin planning is still the last thing on many M'sian's mind. It's sad. The real hard times - when it really comes, many will be as "unprepared as during the moment Cov-19 hit in 2021". Sigh Learn how to save up and do it quickly, as me how.

Retirement is a reality that requires careful planning, says Associate Professor Chong Wei Ying, who adds that it is vital for Malaysians to embrace financial awareness, leveraging tools and professional advice to shape a retirement that fulfills aspirations.

09/03/2025

Hi friends, how are you? Even financial management's role can be replaced by AI.
Therefore, we need to understand that :
1.AI can't replace humans' discernment, wisdom,
2.AI doesn't have empathy, therefore it will not be able to appreciate nor deduce human's emotions,
3.AI can shake up the lower skills' personnel's roles. But higher end power of ideas to design, create can't be done by AI efficiently unlike humans.
https://www.freemalaysiatoday.com/category/opinion/2025/03/09/look-out-ai-is-coming-for-your-job/
Nvrthless, learn AI before it replaces the lower, muscle type skills.

Many employers are making promises they can’t keep about keeping jobs safe in the days of AI. I wouldn’t bet my job on those promises.

08/03/2025

More and more taxes for SMEs? What is happening?

KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has urged the government not to introduce or raise any taxes this year, stressing that t...

01/11/2024

I've been an avid reader and follower of this popular channel Ringgit oh ringgit! Find out more here,
https://ringgitohringgit.com/personal/cfp-malaysia/

Her channel is interesting, a lot of ideas, and highlights her real life experiences - something all of us should know. Cheers to her Blogger channel.

Completing CFP Malaysia modules 1 and 2 means I am halfway through my journey! Here are some of the things I learned