Romeo Razi, CPA Aug 17th 🇰🇷 South Korea got wrecked! If you were chillin' in Gangnam during the last few weeks, you learned the hard way that leverage doesn't get you laid (nor does it keep you solvent.) In a place that is the center of plastic surgery and K-pop concerts, the Korean stock market figured out the hard way that multi-leveraged single-stock ETFs may be closer to economic Russian roulette than Warren Buffett–style investing. 📉 The damage, by the numbers ↳ 🩸 The KOSPI (it's like...
29 days ago • 7 min read
Romeo Razi, CPA July 13th 🚀 Is AI eating my lunch or not? For the past few years the same people that brought you, "Truck Drivers need to learn to code", have started beating a new drum: "White-collar wageys needed to head to the breadlines", because the Silicon Valley priesthood believe that they are headed for the same fate as the horse & buggy. Master Dario and Scam Altman have both been sounding the alarm that the Machines are marching one by one (hurrah, hurrah) ... I mean, until they...
2 months ago • 6 min read
Romeo Razi, CPA June 29th 🚀SpaceX IPO'd, and then it didn't....sort of 🚀 Elon finally wrang the bell after spending 24 years of flying $#!t into space. It was one of the most hyped meme-stock IPOs ever! The stock was supposed to start at $135 a share, but it opened at $150. And this sucker went all the way up to a high of $225.64 within a week. Two trillion dollar market cap, roughly the GDP of Italy. Until it wasn't 😠. Unfortunately for Retail the stock pulled an Icarus🪽. It flew too close...
3 months ago • 5 min read
Romeo Razi, CPA June 7th 🤖AI, AI, AI, everywhere! 🧠 AI is everywhere, I know because I myself have fallen victim to the Nouveau-Développeur syndrome, a.k.a. Vibe Coding (more on that later). And I'm not the only one. Wall Street aficionados keep asking, "if your company isn't leading with AI, do you even have a company?" 🎰 To me, this whole AI-thing is reminiscent of the late 90s dot com boom-and-bust, and all the big AI companies are all going for the IPO-jugular. Anthropic (who created the...
3 months ago • 7 min read
Romeo Razi, CPA May 18th 🏠I'm back, so what happened while I was gone? I know that I'm late with my newsletter, but that's because I was on vacation (more on that later). In the meantime, here's what's been going on: 🧾Tax Updates: ↳📝 If you claimed the "No Tax on Tips", the IRS is looking. Only certain industries get the tax break (i.e. servers and baristas are a Yay! Accountants and lawyers are a Nay!). So, if you weren't supposed to get the tax break, and you took it, you may get a letter...
4 months ago • 6 min read
Romeo Razi, CPA April 22nd 💵Tax Season's over Doom's day is behind us, and hopefully you filed your taxes on time (or filed an extension). As you can imagine, I'm thrilled but there are a few out there that dread taxes so much that they manage to not file (you know, like forgetting to change your oil.) I made video for those who forgot (cough, cough🤧) to file or extend their taxes. Kwong vs USA. We win, IRS Losses...for now A federal court just hammered the IRS, that they shouldn't have...
5 months ago • 4 min read
Romeo Razi, CPA Mar 29th 👴🏻Social Security is running out fast 🛡️Social Security is the government pension system that was created by F.D.R. during the Great Depression as part of his "New Deal". Unfortunately, the "New Deal" is starting to look a lot like a scheme Charles Ponzi would be proud of. It used to be a very safe asset, but between LBJ's '68 Unified Budget (think Vietnam war) and Greenspan's '83 Budget Reform (when the surplus started getting too big), Congress decided to do what it...
6 months ago • 5 min read
Romeo Razi, CPA Mar 15th 😶The State of Washington just did a boo-boo. The State of Washington, famous (among tax aficionados) just made a spectacular U-turn on one of their most coveted and prized policies: No State Income Tax. The legislature has been asked to vote on a state income tax 10 times. Ten times they said "Nay." Ten times, voters treated the idea like a bad Gen Z blind date. Declined politely, and ghost👻. Then came March 10th, 2026. A date that will live in Seattleite tax infamy....
6 months ago • 7 min read
Romeo Razi, CPA Mar 1st 😶Yes, I am still alive People ask me (when they get a hold of me), "Romeo, what did you do yesterday?" Here is my day, in a nutshell: 7am: go to gym 🏋️ (weights) 8am: 💻tax work until 10am. Deep focus. No Mercy. 10am: breakfast 10:30am: 💻tax work until 1pm 1pm: protein smoothie 1:25pm: 💻tax work until 4pm 4pm: rest for 30 minutes, calculate macros on app, what I'm eating tonight 4:30pm: gym 🏋️round two (cardio) 5:30pm: make dinner 👨🍳(it's therapy, I swear) 6-6:30pm:...
7 months ago • 6 min read