A 10-year-old San Antonio boy was gifted GameStop stocks more than a year ago. He almost killed it by selling stocks.
Jaydyn Carr's mother, Nina, gifted him 10 shares worth $60 of the video game chain's stock in December of 2019. She gave him for Kwanzaa to reflect Ujamaa, one of the festival's seven principles that focuses on cooperative economics.
GameStop's share price skyrocketing this week leaving behind speculations driven by a Reddit chat group. Jaydyn sold the shares on Wednesday for a whooping amount of $3,200, the
Nina said, "My phone was going off because I have GameStop on my watch list."
Nina said she explained to her son that it was unusual and if he wanted to sell his stocks or keep them?
The mother-son investing duo said $2,200 of the funds would go to Jaydyn’s savings account and that they'd put the other $1,000 toward future investing.