I’ve been itching to tell you about this one for a while now and now I feel I can. After carefully reading of “ Rich Dad Poor Dad ” I began to understand the importance of stacking the asset column in order to alleviate the stress of relying 100% on my pay packet as an income stream. To this effect I have been browsing on SitePoint quite a lot recently in search of a website to buy that might offer a good revenue stream. After a few weeks of careful searching and checking I came across one that was A) Good Value and B) Within my (tiny) budget.

So now, I am the proud owner of a fantastic site that offers its users free SMS messages! It’s going to take a fait amount of work to revamp it and make it presentable, but it’s a great business model and takes minimal work to sustain. I’ll keep you updated on the project as it goes along….

OK, I’m psyched, but I know I shouldn’t be. Last Wednesday I lost £22.23 and I couldn’t be happier. Strange but true.

I truly believe that it is part of this psychological makeup that will give me an excellent chance of breaking out of the rat race in the near future. So why, if I am so intent on making money should I be celebrating that I just lost £22.23? Well I did it on the stock market.

OK, first up my disclaimer goes up. I fully realise any money you invest in stocks/shares can go down as well as up, but then the point of this exercise was not to make money. You see, one of my aims for this year was “to buy and sell shares on the stock market”, and this is exactly what I did.

It started Tuesday (Jul18th) when I opened up an InvestDirect account with HSBC, who amazingly (given my current financial situation) afforded me a 10,000GBP investment account. So yesterday, I started setting up my “fantasy portfolio”. It was vaguely interesting, but didn’t give me the bite that I needed. In the famous words of one of the Entrepreneurial fathers of our time, “Screw it, let’s do it” I thought. I looked through the day’s risers (it was about 10am) and recognised Carphone Warehouse (CPW). I felt I may have missed the boat with them (since they released their “Free Broadband” offer that really shook the market up) but wondered whether enough time had passed for the prick in prices to settle and investor faith to be restored. In all fairness though, no matter what though process I hide behind, I didn’t have a bloody clue what I was doing.

“Let’s see how to buy a share” was my next thought. I followed the screens in my portfolio control panel and, narrowly missing accidentally putting 2000GBP into shares, I went for about a tenner’s worth. All went through, and I magically owned 4 shares in Carphone Warehouse! WOW! They opened at 263p and I bought in at 268 which I hoped was a reasonable price.

I followed the price all day and low and behold, it steadily rose throughout until at about 4pm, I had a choice. I had achieved half of my dream so far that day, now I had the option of selling and MAKING MONEY! I did, naturally, realise that with the transactional costs factored in, I would walk away at a loss, but that wasn’t the point. I had the chance now of selling my shares and making money!

I looked at the price and the way in which it was rising and figured that it might just tip 285 before market closure (4:30pm). I put in an instruction to sell if it hit 285. To my amazement (I was feeling pretty cocky by now) the prices tipped 285 shortly before tailing off and closing at 283. The price plummeted the next day.

So here I am. OK, so I lost £11.35 (don’t ask me why I didn’t get charged the full transaction costs – maybe they felt sorry for my pitiful attempt at trading!), but what a way to do it. I had successfully picked the 8th largest riser of the day (up about 8.5% over the day) and I had got out before it dropped. Bearing in mind that it takes me a year to get about 4% on my ISA, this is a HUGE return.

So hey, right now I know I’m not going to go crazy and start throwing cash into shares, rather I’m going to do my research and try and use my brain to work out this industry, but as a way to build some excitement, nothing can beat jumping in feet first!

A very Happy Birthday to Burt and his blog which is celebrating its first birthday

It's an odd one this, I was planning on writing a piece on this, in fact I still will, but just thought I'd let you know that an interesting discussion looks like it's starting over on Young Entrepeneur's Journey

Please put any comments on this over there.

Matt