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[OLDie]

A boring subject to say the least - I spend a great deal of time reading a lot of weekly andmonthly industry "rags". I find the subject difficult to get people interested - however - should you have any interest or are involved with manufacturing, production control or the likes - this book is excellent:

The Goal - written by Eliyahu Goldratt & Jeff Cox - an easy reader that will keep your interest should you understand manufacturing, process, and production control.

The follow-up book, not as well written, in my opinion is:

Necessary But Not Sufficient - also written by Goldratt - not as easy however just as potent by the time you get to the end.

Have fun... warning these books are not fun reading unless you have manufacturing as a career, goal, or hobby.
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[|DRC| Iceman]

I have never read anything on the manufactoring business, but I have worked in a production plant before. The company was called SHAW WOOD Inc. and they manufactored solid pine furniture for the Furniture giant IKEA.

OLDie, this is a little off your topic, but do you invest in penny stocks at all?? If so, do you know any good/cheap online brokers?? I was thinking about giving it a try just for fun to see if I could make some money
If you know of any please let me know

[OLDie]

Maybe we should have financial advice corner.

Sorry Ice... no penny stock brokers - as a matter of fact most Stock Brokers don't like the penny stocks. I have tried a few in my day and each time my Broker calls me an a$$.

The best on line stock advisors that I have some experience with and trade dollars are relatively cheap:

Ameritrade - http://www.ameritrade.com/index1.html
E*Trade - https://us.etrade.com/e/t/home

And a preference for (best experience although a little more pricey than the others)
Scottrade - http://www.scottrade.com/

Don't spend what you are wishing for spend what you can afford to lose! Like playing the lotery - I have lost thousands and have made thousands. If I am lucky I made 10% on my money over the years.

Good Luck!

[|DRC| Iceman]

I agree OLDie, we should get a financial message board going, but maybe name it something along the lines of "Brokerage" or "Fort Knox".

Thanks for links bro! I know they are high risk, but so isn't roulette at the Casino

I was reading an article of this kid who took his allowance money that his parents gave him and invested in penny stocks. He wasn't even old enough to drink and was was a full fledged millionare just because he happened to hit a few good stocks, traded when he should have, and got some good luck. It was pretty amazing really. This kid is laughing now, and doesn't even have to work. He now invests his money in more secure companies and basically does sweet F%$# all!!!

Good for him though! I just wish it could happen to me. The way I see it is going into penny stocks is like going to the liquor store and pissing it away, except you have potential to make something off it. In short, if I actually go this route this is money I will already consider lost, and hope for the best on!

Thanks again old wise one!

[|DRC| Iceman]

Wise words from Warren Buffet Invest Guru:

Shares are not mere pieces of paper. They represent part-ownership of a business. So when contemplating an investment, think like a prospective owner. Focus on the underlying business, not the stock. What does it do? How well does it do it?

Stick to businesses you understand. Otherwise, you will never be able to grasp the true value of what you own.

There are only a few businesses worth buying. The world is divided into a handful of great businesses and a mass of poor or mediocre ones. Narrow your search down to the former.

"An investor should act as though he had a lifetime decision card with just twenty punches on it. With every investment decision his card is punched, and he has one fewer available for the rest of his life."

The best businesses are like toll bridges, which their customers have to pay to cross if they want to reach their destination. This enables them to piggyback on the growth of other, less fortunately placed businesses.

* Most companies have to advertise to make their customers aware of their products and services, which means advertising companies cream off a steady percentage of their sales growth in the form of fees.

* Most men have to shave their faces daily, and most women shave their legs. As the world's leading producer of razors, Gillette has a lock on a market that will never disappear, and is expanding in line with the world's population.