August 11, 2015
I do NOT wish to see the SEC mandate investment reporting go electronic!
I like and prefer receiving my investment reporting in paper statements via the mail.
Paper statements support several industries
o Paper Industry which replants more trees than they harvest, thus responsible for 30% more foliage in North America than there was 30 years ago
- The paper industry uses less energy to produce paper for each person than what it takes to run all of that same person's electronic equipment annually.
- Paper is Sustainable and recyclable with a low carbon footprint, whereas Electronic equipment gobbles up our energy resources and are toxic to dispose into our landfills
o Printing Industry - at one time was the second largest employer in the US - second only to the government - we need to keep this industry alive and well!
o US Postal Service needs all the business they can get to insure it's sustainability - Eliminate Paper Statements, and you eliminate a nice portion of the mail stream.
Paper Statements arrive in a timely fashion, come in a concise summary and are easily analyzed, compared and filed.
Whereas, emails alerting to statement ready may not get noticed, or simply forget or defer opening and thus miss some important information.
Thomas Snader
Thomas Snader