Melvin L. Watt
Melvin L. Watt Net Worth & Financial Disclosure
houseAnnual financial disclosure for 2013, filed May 15, 2013. Includes 50 assets and 3 liabilities.
Est. Net Worth
$405K
2013 annual disclosure
Total Assets
$620K - $1.8M
50 assets
Total Liabilities
$515K - $1.1M
3 liabilities
Total Trades
116
From PTR filings
Trade Volume
$844K
Midpoint of disclosed ranges
Net Worth Over Time
Show data table
| Period | Est. net worth |
|---|---|
| 2008 | $1.1M |
| 2008 | $1.1M |
| 2009 | $992K |
| 2010 | $1M |
| 2010 | $1.2M |
| 2011 | $1.2M |
| 2012 | $1.1M |
| 2012 | $544K |
| 2012 | $733K |
| 2013 | $340K |
| 2013 | $405K |
Assets by Category
Stocks$418K (25)
Retirement & Pension$196K (10)
Bank & Cash$175K (1)
Real Estate$150K (2)
LLC / Partnership$150K (2)
Mutual Funds$66K (9)
Gov. Securities$33K (1)
Top Stock Holdings (from trades)
All Assets (50)
| Asset | Value |
|---|---|
AGIC Intl & Perm Strategy Fund | $1,001 - $15,000 |
| $50,001 - $100,000 | |
AEREL Appreciation Fund (Not Self Directed) | $1,001 - $15,000 |
Fidelity Contra Fund - IRA (Not Self Directed) | $1,001 - $15,000 |
Oppenheimer International Equity Fund - IRA | $1,001 - $15,000 |
| $15,001 - $50,000 | |
| $1,001 - $15,000 | |
BlackRock Muni High Yield Fund | $15,001 - $50,000 |
| $15,001 - $50,000 | |
| $50,001 - $100,000 | |
| N/A | |
DWS New York Venture Fund - IRA | $1,001 - $15,000 |
Deutsche Bank 6.625% Preferred | $1,001 - $15,000 |
| $15,001 - $50,000 | |
Eaton Vance Tax Managed Fund | $1 - $1,000 |
Eaton Worldwide Health Sciences | N/A |
| N/A | |
High Point NC 3.5% High Point, NC, US | $15,001 - $50,000 |
ING Group 7.375% Preferred | N/A |
| $1,001 - $15,000 | |
Lord Abbett Municipal Income Trust Intermediate Tax Fund | $1,001 - $15,000 |
Lot - 1.63 Acres Burke County, North Carolina Burke County, North Carolina, US | $50,001 - $100,000 |
10820 South Tryon St. Charlotte, NC, US | $50,001 - $100,000 |
MFS Investment Funds Trust High Yield Municipal Bond Fund | $1,001 - $15,000 |
Mechanics & Farmers Bank | $1,001 - $15,000 |
NC State Employees Retirement System (Not Vested) | $50,001 - $100,000 |
| N/A | |
| N/A | |
| $1,001 - $15,000 | |
| $15,001 - $50,000 | |
Invesco Equity Premium Income Fund | $1 - $1,000 |
| $1,001 - $15,000 | |
P F Plaza Office LP | $50,001 - $100,000 |
Rydex Sector Rotation Fund - IRA | $1,001 - $15,000 |
| $1,001 - $15,000 | |
SR Housing Property Trust REIT | $15,001 - $50,000 |
| $1,001 - $15,000 | |
Tocqueville TR Gold Fund - IRA | $1,001 - $15,000 |
| N/A | |
Transamerica - IRA | $1,001 - $15,000 |
| $1,001 - $15,000 | |
| $1 - $1,000 | |
Wells Fargo Account | $100,001 - $250,000 |
Wells Fargo 8% Preferred | N/A |
Wells Fargo Advantage Funds - IRA | $1,001 - $15,000 |
Wells Fargo Advantage | $1 - $1,000 |
Wells Fargo Advantage Funds - IRA | $15,001 - $50,000 |
| $15,001 - $50,000 | |
Wells Fargo / J P Morgan MK IRA | $15,001 - $50,000 |
Vanguard Ltd. Charlotte, NC, US | $50,000 - $100,000 |
Liabilities (3)
| Creditor | Type | Amount |
|---|---|---|
| WELLS FARGO BANK, N.A. | mortgage | $250,001 - $500,000 |
| WELLS FARGO BANK, N.A. | mortgage | $250,001 - $500,000 |
| MECHANICS & FARMERS BANK | line of credit | $15,001 - $50,000 |
Trading Sector Allocation (from PTR trades)
Utilities$24K
Technology$153K
Basic Materials$64K
Industrials$56K
Real Estate$32K
Consumer Cyclical$32K
Healthcare$24K
Energy$16K
Manufacturing$16K
Financial Services$33K
Consumer Defensive$16K
Methodology: Net worth is calculated from annual financial disclosures filed under the STOCK Act. Congress members report asset values and liabilities in ranges (e.g., $1,001-$15,000), not exact amounts. The “estimated net worth” shown is the midpoint of total assets minus the midpoint of total liabilities. Actual values may differ. Stock trading data comes from separate Periodic Transaction Reports (PTRs).