Subject: File No. 4-606
From: Thomas R Bordonaro

August 30, 2010

Investment advisers should tell clients about direct purchase stock reinvestment plans and how they could supplement their monthly retirement income. By investing in three or four stocks with long track records in raising dividends and stock price, they can accumulate positions of three or four thousand shares in these stocks. The dividends could supplement their social security retirement payments. From personal experience they never mention these plans or how they can help retirement planning as they make no fees on them. Instead they direct their clients to mutual funds which seem to have a far greater tendency to suffer in a down market and pay commissions to them.