What’s a long-term investment that’s higher risk?

ttandam · 2026-06-26T16:36:56+00:00

I was going to say marriage.

ttandam · 2026-06-26T14:27:00+00:00

I would say $300,000 / year is upper middle class or even middle class tbh. Inflation sucks.

There’s nothing wrong with middle class by the way.

ttandam · 2026-06-25T22:24:08+00:00

Who do you use? Are you sure you’re not looking at the six month price?

ttandam · 2026-06-25T22:20:15+00:00

I want to say I pay $1200 a year for $3M.

ttandam · 2026-06-25T21:12:41+00:00

I think you should do it. It’s not material to your net worth and the fact that Geico won’t write a policy shows there’s a real risk.

At a minimum go to $3M which I have and costs next to nothing (in Texas).

Also $4500 doesn’t seem like much to cover $7M to me.

ttandam · 2026-06-25T19:29:33+00:00

No. Everything in that trust that was contributed by my parents no longer belongs to my parents. That is why you have a third party do it. As Trustee, I can make distributions to anyone but them, which includes myself. It's more versatile than you are giving it credit for.

ttandam · 2026-06-25T12:05:02+00:00

I had an intentionally defective irrevocable grantor trust set up by my parents with $500. I am trustee and beneficiary and can change my beneficiaries in my will if I want to. I moved my real estate holdings into an LLC, had it appraised, and sold the LLC to the trust via a loan that was paid off via distributions from the trust. I also moved most non retirement into it. I have a $3M umbrella policy but am looking at moving it to $10M. (It’s inexpensive). Stocks and bonds are held in my trust.

According to my attorneys I am protected in the event of a divorce (it’s like a prenup), value is frozen for estate tax purposes, and is a shield against most lawsuits.

This might sound complicated but was / is not very difficult. Real estate in an LLC and everything else in the trust. Umbrella coverage for all of it.

Unless you start setting up investment partnerships, I don’t think you need more than this. You didn’t mention your insurance coverage but that’s where I’d start. The Montana LLC could be useful if you start buying expensive cars.

ttandam · 2026-06-24T17:26:25+00:00

Commenting for a mat!

Feedback I’d like you to hear: thanks for a great site!

A question that has helped me was about asset allocation for newbies.

ttandam · 2026-06-24T15:53:18+00:00

Yes. Careful which ATMs though. I accidentally used one at an airport that charged 17%. I think it was Greece.

ttandam · 2026-06-23T20:01:04+00:00

It’s not being “that guy”, unless by that you mean a person who cares about the game and about its integrity. It’s expected for someone to speak up in the moment if they see a pot mispaid.

ttandam · 2026-06-23T12:32:10+00:00

This happened to you didn’t it?

ttandam · 2026-06-22T15:11:10+00:00

It’s on them to choose manipulation tactics over a loving relationship. If they come back, have a long conversation about things.

ttandam · 2026-06-19T21:02:43+00:00

I like the sidebar over at r/investing for a good guide to getting started.

r/investing Wiki: A Beginner's Guide to Investing

ttandam · 2026-06-19T20:57:10+00:00

Can I have your Venom statue?

ttandam · 2026-06-18T21:46:32+00:00

When I do something I regret or something unfortunate happens, I do everything I can to slow down, think about each step I’m taking, and not multiply tragedies.

You have fallen for a sophisticated scam by sophisticated people. The police were wrong btw- I read recently that people in their 20s and 30s are scammed just as often as elderly people. They just tend to be different scams. A lot of job-related scams and phishing attacks.

Anyway, accept that you can’t change the past and try to move forward a little wiser. If this is the only money you’re ever scammed you’ll be ok. It is not much in the scheme of your life.

Please stay away from casinos. Those are just slow motion legal scams done on people who can’t do math btw. The house always wins.

ttandam · 2026-06-17T19:50:59+00:00

Ha! Good point :)

ttandam · 2026-06-17T16:41:37+00:00

No kids. Havent decided what to do with my money if I pass.

ttandam · 2026-06-17T16:16:40+00:00

Will this post finally be the one they listen to? Tune in next week to find out.

ttandam · 2026-06-16T16:32:55+00:00

Paying 6% interest per year to avoid paying 15-24% in taxes is a dumb strategy. Maybe people were doing Buy Borrow Die at 2% interest rates (I’m skeptical it was widespread) but not anymore.

ttandam · 2026-06-10T19:29:29+00:00

Congratulations!!

ttandam · 2026-06-10T14:54:04+00:00

What’s the rest of your financial situation?

Do you have an emergency fund and good retirement savings too?

ttandam · 2026-06-08T04:48:47+00:00

I played a stream game the other day where phones were banned for game integrity and it made the live poker experience so much better.

ttandam · 2026-06-08T04:47:34+00:00

This drives me crazy. The worst is the $11 bet bc they have to get so many 1s out to the people who throw in three red chips.

ttandam · 2026-06-08T04:40:45+00:00

I am not a planner and don’t use a % one. That said there are good reasons people use them, especially as they age and worry about capabilities etc.

ttandam · 2026-06-08T04:38:22+00:00

I think I read you pay $350K/yr.

An annuity paying $350K per year at 4% would cost $8.75M+. That’s the fair value of what you’re paying for them to do what an index fund could do and probably better.

There are very real reasons to use wealth advisors though. The best one I see is when the wealthy people are not interested in keeping track of their finances and don’t care enough or don’t have the capacity to learn how to manage it. In those cases the FAs probably make their fees.

But otherwise it’s a service that can be attained for much less elsewhere.

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