Major sources of unearned income: Rents, royalties and surfaces leases of Lamar Seeligson Ranch, $50,001-$100,000; rental income, McLean, Va., house, $15,001-$50,000
Major liabilities: Mortgage on rental property in McLean, Va., $100,001-$250,000.
Narrative: Smith is worth more than $1.5 million, with most of it invested in real estate, stock and various retirement accounts. He reported that he and his wife hold securities with a total value of $1,098,000; he listed 599 trades last year involving scores of companies, including Apple Computer, Microsoft, Dreamworks Animation and Lockheed Martin. He said an account manager controls the couple's portfolio and makes all investment decisions.___ Rep. Doc Hastings, R-Wash., chairman, House Committee on Natural Resources Earned income: $174,000 Honoraria, all donated to charity: None Major assets: Trust from Columbia Basin Paper and Supply Co., $500,001-$1 million; Individual Retirement Account, $100,000-$250,000; Savings account, $50,000-$100,000 Major sources of unearned income: Earnings on IRA, $15,001-$50,000; Washington state legislative pension, $2,370 Major liabilities: None Gifts: None Narrative: Hastings did not report any privately sponsored trips. ___ Rep. Darrell Issa, R-Calif., chairman, House Oversight and Government Reform Committee Earned income: $174,000 Honoraria, all donated to charity: None Major assets: Greene Properties, a commercial real estate company in Vista, Calif., and holdings in Putnam High Yield Trust Fund, each worth more than $50 million Major sources of unearned income: 11 investments, mostly in mutual funds, earned more than $1 million each Major liabilities: Greene Properties, personal note, more than $50 million; DEI LLC., personal note, $25 million-$50 million Gifts: None Narrative: Issa is one of the richest members of Congress. As chairman of the House Oversight and Government Reform Committee, his jurisdiction is so vast that it could potentially conflict with almost any source of income. Issa appears to avoid any obvious conflict because he does not own individual stocks. Most of Issa's investments last year were in two areas: high income mutual funds and companies that manage properties. Issa made his fortune as owner of the company that produces Viper car alarms. He no longer runs the firm, but remains a director of the parent electronics company, DEI Holdings. He also owns the company's corporate headquarters.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV