MikeKum Unit Trust Services

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.

LETTER | PJ needs another public hospital to help senior citizens UMMC is currently overwhelmed due to sheer number of visitors.

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.

Many Malaysians approach money passively, focusing on day-to-day needs without considering long-term consequences 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.

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.

Look out, AI is coming for your job 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.

More and more taxes for SMEs? What is happening?

FMM: No more taxes please, manufacturing sector is at chokepoint KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has urged the government not to introduce or raise any taxes this year, stressing that t...

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.

My CFP Journey, Part 2: What I Learned in CFP Malaysia Module 1 & 2 - Ringgit Oh Ringgit Completing CFP Malaysia modules 1 and 2 means I am halfway through my journey! Here are some of the things I learned

Around 25 yrs ago (age 26yo), I suddenly realised the importance of financial planning, savings, and having a dedicated plan to ensure the right plans were made at certain phases of life. 1.Career phase, 2.Family growth phase, 3.Education plan phase, 4.Empty Nest phase, 6.Retirement Phase. I thank some seniors who introduced the FPAM CFP exam, where out knowledge can be tested and certified. With this added knowledge, we can be assured to provide relevant info and maintain standards in our services.

Be a CFP Professional – FPAM How to be certified?All candidates must be registered with approved education providers and attend the pre-requisite number of lecture hours. There are 3 options to complete the certification course as seen in this diagram below:

For senior citizens (above age 60yo), have to look wholistically at insurable needs.
Since last 4yrs, the pandemic has ended but new risks surfaced. Many have used their Insurance; some don't have enough coverage; some are not insured. As the price of Insurance, medical and hospitalisation services have severely gone up, some risk mgt mechanism need to be in place. Read about it here,

MP: ‘Elderly insurance’ needed as Malaysia gears towards ageing nation status KUALA LUMPUR: Malaysia needs a comprehensive solution in preparation to becoming an ageing nation by 2030, including the introduction of special insur...

Why do people not talk about Post retirement? It's not taboo- the earlier we resolve and analyse our savings, to make our money work harder the better. Ayuh Orang Malaysia, melabur untuk zaman persaraan dan demi masa depan.

Ensure M’sians have enough for retirement, EPF urged PETALING JAYA: The Employees Provident Fund (EPF) should make drastic changes to how it evaluates retirement savings to ensure Malaysians have enough ...

Asean (even M'sian's )average Life expectancy has gone up; Female 80yo, Male 75yo. But majority have Rm240k, or only have 10yrs of Savings to survive after 55yo. How to meet the shortfall? What can we urgent do to change this situation? Come find out through Manulife Unit Trusts now.

Insufficient retirement savings still a major challenge, says SC executive director PETALING JAYA: With the life expectancy for Malaysia now at 76.6 years, coupled with inflation and rising living costs, it is crucial to be equipped w...

Times are hard now- even at 60s, have to drive Grab to survive? Please find out how to use Wealth Planning to save up for the future.

Malaysians resist saving for retirement despite warnings KUALA LUMPUR: Babs, not her real name, is driving Grab despite being in her 60s. She has a house and a husband. Her children are all grown and no long...

Learn all these financial words of wisdom from notable financial gurus, timeless nuggets of info. Always invest wisely.

Benjamin Graham:
“The individual investor should act consistently as an investor and not as a speculator.”

Long-term investment should be based on fundamentals, not speculation.
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”

Market sentiment may influence short-term prices, but long-term, true value wins out.
“Margin of safety.”

Always invest with a margin of safety to protect yourself from errors in judgment or unforeseen events.
Charlie Munger:
“Invert, always invert: Turn a situation or problem upside down to look at it backward.”

Question assumptions and think critically from all angles before making decisions.
“The big money is not in the buying or selling, but in the waiting.”

Great wealth is often built by holding investments over the long term.
“Risk comes from not knowing what you're doing.”

Educate yourself about the investments you make to minimize risk.
John Bogle:
“Don’t look for the needle in the haystack. Just buy the haystack!”

Advocates for index fund investing as a simple and effective way to build wealth.
“Time is your friend, impulse is your enemy.”

Discipline and long-term thinking are essential to successful investing.
“Stay the course.”

Consistency in investing is crucial. Avoid the temptation to make hasty decisions based on market fluctuations.
Ray Dalio:
“He who lives by the crystal ball will eat shattered glass.”

Predicting the markets with certainty is impossible; instead, focus on preparation for all scenarios.
“Diversify. Because what you don’t know is better than what you do know.”

Diversification helps protect against the unknown and reduces overall risk.
“Pain + Reflection = Progress.”

Learn from your mistakes and use those lessons to improve your strategy.
These timeless insights from some of the most successful investors emphasize discipline, patience, risk management, and a deep understanding of the businesses and markets you're investing in.

Peter Lynch:
“Know what you own.”

Invest in companies you understand. Don't just follow trends or rumors.
“The person that turns over the most rocks wins the game. And that's always been my philosophy.”

Diligence and thorough research are key to uncovering valuable investment opportunities.
“In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.”

Accept that mistakes are part of investing; consistency is more important than perfection.
“You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.”

Be prepared for volatility and downturns; it's a natural part of investing.
“Time is on your side when you own shares of superior companies.”

The power of compounding and patience can create wealth over time.
George Soros:
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”

Risk management is critical; minimizing losses is just as important as making gains.
“Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.”

Being contrarian and seeing beyond the obvious can present great opportunities.
“The worse a situation becomes, the less it takes to turn it around, and the bigger the upside.”

Crisis situations can offer significant opportunities for investors who stay vigilant.
“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality is distorted by a misconception.”

Understanding the psychology behind market movements is key to navigating bubbles and crashes.

Hi friends, deepen your interest, wealth and financial acumen, and general knowledge daily. Please kindly read some words of wisdom below by the Master, Warren Buffett - famous quotes over the yrs, reflecting his wisdom on investing, business, and life:

"Price is what you pay. Value is what you get."

Emphasizing the importance of understanding the intrinsic value of an investment rather than just focusing on its price.
"It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

Highlighting the value of investing in quality businesses over finding bargains.
"Be fearful when others are greedy and greedy when others are fearful."

Advising investors to act contrarily to market sentiment to take advantage of opportunities during market volatility.
"The stock market is designed to transfer money from the Active to the Patient."

Stressing the value of patience and long-term thinking in investing.
"Someone’s sitting in the shade today because someone planted a tree a long time ago."

A metaphor for the importance of planning and taking actions today that will yield benefits in the future.
"Our favorite holding period is forever."

Reflecting his philosophy of long-term ownership of quality businesses.
"Risk comes from not knowing what you're doing."

Reminding investors that risk can be mitigated through knowledge and understanding.
"Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."

A core principle emphasizing the importance of capital preservation.
"The most important investment you can make is in yourself."

Encouraging personal development as the key to long-term success.
"You can’t make a good deal with a bad person."

Underscoring the importance of integrity in business dealings.
These quotes encapsulate Buffett's approach to investing with patience, value, and a focus on fundamentals.