A 10-year-old from San Antonio has made several thousand dollars after selling GameStop stock his mother gifted to him in December 2019.
Jaydyn Carr received 10 shares as a Kwanza gift from his mother, Nina Carr. At the time, the stock was worth $6 a share.
As a result of the recent market war between online traders and hedge funds, Jaydyn Carr's stock surged to more than 53 times what his mother had paid.
"My phone was going off, because I have GameStop on my watch list," said Nina Carr. "I was trying to explain to him that this was unusual. I asked him 'Do you want to stay or sell?'"
Last week, Jaydyn Carr sold his shares for $3,200. Of that, a thousand dollars is being reinvested. The young investor is particularly interested in online gaming platform Roblox, which is set to go public on Wall Street soon.
Nina Carr says she regrets not investing more into GameStop at the time.
"I was not into video games, that was not my scene," she said. "But I'm going to let him have his win."