Long Angle

In October 2024, the Long Angle community came alive in Scottsdale as 150+ members from 10 countries gathered for three days of meaningful connection and knowledge exchange. Our 2024 retreat at the Fairmont Princess delivered exceptional experiences that transcended typical events: – Morgan Housel's keynote on The Psychology of Money – In-depth breakout sessions exploring crypto, private credit, and venture capital – Small-group discussions that sparked genuine relationships – Social activities that strengthened bonds within our community Most importantly, the retreat facilitated conversations that extended well beyond the event—leading to real-world opportunities, partnerships, and friendships. As one member shared: "So many takeaways, thoughtful insights, and laughter. What lingers most is a sense of awe at the people—us—the humility, willingness to share, and openness about the challenges we face at different wealth stages." Looking ahead: Join us in Sonoma this October We're counting down to our next gathering in October 2025 in the beautiful wine country of Sonoma, California. The program is shaping up to be our most impactful yet, featuring: – Expanded small-group sessions on wealth preservation, family dynamics, and personal well-being – High-impact speakers and thought leaders (to be announced soon) – Curated outdoor activities that showcase Sonoma's natural splendor – Enhanced opportunities for one-on-one connection Learn more about our 2025 retreat: https://lnkd.in/gm7tgUWh #WealthCommunity #PeerLearning #HighNetWorth

April at Long Angle featured new investment opportunities, insightful webinars, and key milestones. Here’s a look at what’s been happening. 📈 Closed 2 investment opportunities – Litigation Finance: Partnered with a middle market manager delivering 40%+ annualized returns, uncorrelated with public markets. – Healthcare PE Rollup: Backed a sponsor with a 3.4x average net MOIC across realized investments. 💼 Investments now open to members – A flagship private equity fund from one of the world’s most prestigious firms (90% of funds have outperformed the S&P). – An evergreen secondaries vehicle offering diversified exposure to private markets and ~20% annualized returns to date. 📺 Featured in CNBC's InsideWealth Long Angle’s benchmark data was cited by Robert Frank to show how wealthy investors are staying the course or even buying while many institutions pull back. Tax-loss harvesting, estate planning, and disciplined buying were key themes. 🎙️ Navigating the New Economy Webinar Bob Elliott (Unlimited) joined Matt Shechtman (Long Angle) to discuss how macro trends, policy shifts, and GDP performance are shaping HNW investment strategies heading into 2025. 🌎 Regional meetups Members connected in Austin, LA, Chicago, Nashville, the South Bay, and more -- sharing ideas and building real relationships offline. 🍇 2025 Member Retreat updates – Featured Fireside Chat with Guy Raz, creator of top podcasts How I Built This, TED Radio Hour, and Wow in the World. Presented by Chicago Atlantic. – Small-group Retreat Circles will help members build deeper connections. – Social activities feature spa sessions, wine tours, golf, and grape-stomping in Sonoma. 🎉 Milestone Achievement We hit 5,000 members this month! Here’s how we’ve grown: – Over 160 meetups across 50 cities globally. – More than $300M invested in institutional-quality alternative investments on behalf of members. – 35 Trusted Circles peer advisory groups supporting hundreds of members in building their personal board of directors, with new groups launching each month. 🤝 Partnership Benefits for Members – leafplanner: A “family owner’s manual” tool for succession and legacy planning. – Non-Employer Health Insurance: A vetted solution based on strong member demand. – Double: High-quality fractional assistants supported by delegation-focused tech. – Alto: Eric Satz, CEO of Alto IRA, joined a member webinar this month to share how high-net-worth investors are using tax-advantaged accounts (IRAs) to access alternative assets, including crypto. – Premier Member Perks: Exclusive benefits from Mercury Personal Banking and Summer Discovery, including a summer program in partnership with Real Madrid Graduate School, Universidad Europea Fútbol Club. — Long Angle is a vetted community for high-net-worth individuals seeking smarter strategies, curated access, and meaningful conversations. Learn more and apply: longangle.com #PrivateMarkets #WealthStrategy #AlternativeInvestments

At Long Angle, we’re committed to providing members with opportunities to grow through in-person and virtual events. These gatherings allow members to expand their networks, share insights, and gain valuable knowledge across a range of topics. This May, we’re hosting regional meetups and virtual workshops tailored to our members’ diverse needs. In-person, we have events in cities like London, Charlotte, Vancouver, and Tokyo, including a Zen retreat near San Francisco on May 4 and a Vision Board session in Detroit on May 22. For virtual attendees, our workshops cover critical topics like strategic delegation, second-generation wealth, and Long Angle investment performance, ensuring members can continue their growth from anywhere. Key Takeaways from May Events: – Regional meetups for in-person networking in cities like Toronto, Vancouver, and Tokyo – Virtual workshops focused on leadership, wealth management, and generational wealth – Specialized breakout sessions for women and CTOs, among others Ready to connect with high-caliber individuals? Learn more and apply for membership: longangle.com #InvestmentOpportunities #WealthManagement #PeerNetworking

We are pleased to announce Guy Raz as our featured Fireside Chat Speaker at the 2025 Member Retreat. Few voices have shaped the way we think about success and entrepreneurship like Guy Raz. As the creator of some of the nation's top podcasts—How I Built This, TED Radio Hour, and Wow in the World—Guy has inspired millions with the stories of innovators, visionaries, and business leaders. At Long Angle, we're committed to bringing our members face-to-face with the world's most insightful minds. This exclusive fireside chat, presented by Chicago Atlantic, will give our community the rare opportunity to engage directly with Guy in an intimate setting. The annual retreat has become a cornerstone event for our community—where meaningful connections are made, transformative ideas are shared, and strategic relationships are formed that last well beyond the conference itself. Learn more about our annual retreat and how to join our community of 5,000+ high-net-worth entrepreneurs, investors, and executives: https://lnkd.in/gngcfzWS #HighNetWorth #Entrepreneurship #WealthManagement

Last week, our members shared their answers to a seemingly simple question: what percentage of their net worth do they keep in cash? The results revealed some fascinating insights about risk tolerance and peace of mind. A striking 31% of respondents keep between 5-15% of their net worth in highly liquid assets. 21% maintain even higher cash positions, between 15-30% of their total wealth. Only 9% reported keeping less than 1% of their net worth in cash, suggesting most wealthy individuals value liquidity. The reasoning behind these decisions varied dramatically: some citing sleep-at-night factor over optimal returns, others preparing for market opportunities as described by one member referencing Buffett's "rain of gold" metaphor. Life stage plays a crucial role too, with early retirees keeping multiple years of expenses liquid to protect against sequence of returns risk. For those still in high-income roles, the security of stable W2 earnings allows for more aggressive allocation strategies. For more insightful discussions about wealth management strategies among vetted high-net-worth individuals, visit longangle.com #WealthManagement #AssetAllocation #FinancialIndependence

In a recent mini-benchmark poll, we asked members about reallocation intentions between US and international equities in light of potential tariff changes. The results reveal a strong preference for maintaining current allocations: 77% of members plan no changes to their US/international equity mix, while 20% intend to shift from US to international equities. Only 3% are planning to reallocate from international to US holdings. Discussions among members indicate a wide range of existing allocation strategies, with international exposure typically ranging from 35-45% of equity portfolios. Many maintain this allocation regardless of short-term market conditions, suggesting a disciplined approach to portfolio management. Several members noted specific preferences for emerging markets within their international allocations, citing long-term growth potential despite higher volatility. Explore more insights from our community of 5,000+ high-net-worth individuals: https://www.longangle.com/ #AssetAllocation #InvestmentStrategy #PortfolioManagement

We’re living through the most significant tariff tightening in history—far surpassing anything we’ve seen before, including the Smoot-Hawley Tariff Act. Bob Elliott, Co-Founder, CEO & CIO of Unlimited, explains the ripple effects of these tariffs, which are shaping the U.S. economy in ways we can’t yet fully predict. In this video, Elliott dives into how tariffs are more than just trade barriers—they’re essentially taxes. These tariffs could result in higher prices for consumers, especially with items like cars and appliances, where the impact on one product causes prices to rise across adjacent goods. For example, auto tariffs aren’t just affecting foreign cars, but also causing prices to rise for domestic cars and used vehicles. Elliott also highlights the economic drag caused by Chinese tariffs. With a nearly 1% drag on U.S. GDP, these tariffs function like a tax that either reduces consumer demand or pressures margins for retailers—both of which have negative implications for the economy. As tensions escalate and retaliatory tariffs loom, the U.S.-China tariff conflict continues to affect U.S. exports and could push us closer to a global economic slowdown. What are the long-term consequences? Watch the full video for more on how tariffs and trade policies are reshaping the economic landscape here: https://lnkd.in/giSTmDQ9 #TradePolicy #Tariffs #EconomicImpact

The market may not be accounting for a potential recession despite the looming economic uncertainty. In this excerpt, Bob Elliott, Co-Founder, CEO & CIO of Unlimited Funds, discusses the gap between current market prices and recession expectations. Even with tightening policies and flat earnings growth forecasts, price-to-earnings (PE) ratios remain elevated, mirroring the peak levels of the tech bubble—indicating that the market isn’t fully pricing in recession risks. Another key insight: While many expect tariffs to be rolled back soon—resulting in stability for the market—this expectation might not be grounded in reality. With high margin expectations that are inconsistent with recession conditions, the market is leaning on factors that may not hold in a downturn. Tariff tightening is at unprecedented levels, and its long-term implications remain unclear. Even small changes, like increased prices for auto and washing machine combos, show how tariff impacts can ripple through the economy and potentially lead to even higher price rises than anticipated. How should investors prepare in the face of these unknowns? Watch the full discussion for more in-depth analysis and insights here: https://lnkd.in/giSTmDQ9 #MarketAnalysis #InvestmentInsights #EconomicUncertainty

For years, growth assets have been at the forefront, but how are balanced portfolios performing now? In this excerpt, Bob Elliott, Co-Founder, CEO & CIO of Unlimited Funds, shares valuable insights on why U.S. assets are increasingly attractive for long-term investors and how diversification remains essential in today’s market. The past few years have seen an extreme outperformance of growth assets, but balanced portfolios—those spread across stocks, bonds, credit, and commodities—have underperformed compared to expectations. Despite this, U.S. assets are looking more affordable than ever. From a long-term perspective, U.S. financial assets, especially with real yields sitting at 2.7%, offer compelling returns. This presents a unique opportunity for investors seeking stability and real returns, without the volatility of growth-focused assets. Elliott also suggests that now is not the time to double down on equities and sell bonds. Instead, moving from cash to a diversified portfolio could provide stronger long-term returns, especially as the market shows signs of shifting. Want to understand more about how to optimize your asset allocation? Watch the full video recording here: https://lnkd.in/giSTmDQ9 #AssetAllocation #InvestmentStrategy #Diversification

The market is turbulent, but wealthy investors are taking a different approach. While many hedge funds and institutions were selling, high-net-worth investors were largely sitting tight—or even buying. A great overview in CNBC’s InsideWealth by Robert Frank highlights how high-net-worth investors are responding to the current market conditions. The section discusses key strategies like tax-loss harvesting, estate planning, and buying opportunities during market dips. Long Angle’s mini-benchmark was featured as part of this discussion, showcasing how investors are navigating these market fluctuations. Read the full newsletter here: https://lnkd.in/eyzFcFQW Ready to join a community of like-minded investors? Learn more about Long Angle and apply to become a member today: https://www.longangle.com/ #MarketCorrection #Investing #WealthManagement #AssetAllocation