5th Grader Makes Over 3K From GameStock Share Trade wdkx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wdkx.com Daily Mail and Mail on Sunday newspapers.
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Jaydyn s mother, Nina Carr, told CNN
that she bought 10 shares of GameStop for about $60 as a Kwanzaa gift for her son in 2019. We were always there two years ago, just buying different video games, she explained. I was like, I can give him the shares the GameStop and give him something tangible to hold on to and that way he can appreciate it that way.
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Jaydyn said he thought the gift was very cool despite wanting an XBox One that year and his mom taught him to think of the gift as a long-term investment.
Nina said that the pair would occasionally check the stock price for fun but it wasn t until Wednesday that Jaydyn s gift saw major movement.
A 10-yr-old GameStop investor cashed in. His return? Over 5,000%
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A 10-yr-old GameStop investor cashed in. His return? Over 5,000%
Christina Morales / NYT News Service / Jan 31, 2021, 13:22 IST
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As amateur investors banded together this past week to squeeze Wall Street hedge funds by sending GameStop’s stock prices to dizzying heights, some novice traders, like 10-year-old Jaydyn Carr of San Antonio, have seen their long-term investments pay off.
In December 2019, Jaydyn, then 8, was buying discounted games at GameStop and wishing for an Xbox One. Spying a way to use her son’s enthusiasm for video games to teach him about investing, Jaydyn’s mother, Nina Carr, decided to invest in 10 shares of GameStop at $6.19 each for a Kwanzaa gift.