I have an iPhone solution where the text I insert has to form either a bulleted list, have an outline format or both.
" •" & Char ( 9 ) & line item
Will put a tab character between the bullet at the text in Line item. You can then use tab and indents settings so that when the text wraps the left edge of the wrapped text is properly indented.
Set an indent of 5 pixels. Then set a first line indent of -5 pixels. Now set a left aligned tab stop also of 5 pixels.
If 5 pixels isn't enough, you can increase all three settings to what you need.
You'll need to play, while in Layout Mode and with the calculated field selected, with:
Format > Line Spacing > Other... > Paragraph > Indent
Left 15 pt
First -10 pt
or some value that is better suitable with your font.