A 10-year-old GameStop investor cashed in. His return? Over 5,000% – Times of India

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.
Carr handed her son a certificate she created from an online template to explain to him that he was the owner of a tiny part of GameStop. She told him the gift was in keeping with the spirit of ujamaa, or cooperative economics, one of the seven principles of Kwanzaa.
She added alerts on her phone and computer to track the stock’s progress. Over the past few months, she noticed it steadily rise. But on Wednesday, to the shock of Carr and her son, the value of GameStop shares surged, soaring 1,700% since December after millions of small investors, many spurred on by social media, came together to put a squeeze on at least two hedge funds that had bet GameStop’s shares would collapse.
“All of a sudden, I heard ‘ding, ding, ding, ding, ding,’” Carr, 31, referring to the stock alerts, said in an interview Friday. “I grabbed my phone, and I was looking at it, and it said $351. I was shocked: ‘I bought this thing at $6,’ I thought, ‘there’s no way this can be right.’”
Carr, a nutritionist, quickly pulled her son out of virtual learning and asked him what he wanted to do. “I was trying to explain to him that this was unusual,” she told mySanAntonio.com, a segment of the San Antonio Express-News. “I asked him, ‘Do you want to stay or sell?’”
Jaydyn decided to sell his shares, earning $3,200 — a return of more than 5,000% on an investment of about $60.
“I felt shocked and excited at the same time,” he said in a phone interview Friday. He said he had decided to save $2,200 and invest the remaining $1,000.

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