In recent days GameStop's shares have seen a serious increase. A year ago, his stock was worth around $ 4, but in the last period they have skyrocketed, peaking at January 28 at about $ 470 per share. Among the thousands of people who have managed to benefit from it, there is a 10-year-old boy, Jaydyn Carr, which earned over 5.000% more than the original price.
The increase in GameStop shares earns a 10-year-old a small fortune
GameStop's actions have been steeply uphill. Just a month ago it all seemed pretty ordinary: the shares were priced at around $ 17 per share, and GameStop was just another company in the stock market. However, weeks later, Reddit members decided to rock the market and the consequence was a Incredible rise in GameStop shares.
One investor in particular, that is Jaydyn Carr, a 10-year-old boy from San Antonio, Texas, made a fortune. In 2019 Jaydyn's mother, Nina Carr, decided to give 10 GameStop shares to his son on the occasion of the festival of Kwanzaa. It is an annual celebration of African American culture held from December 26th to January 1st. Jaydyn was 8 at the time.
This, as well as an incredible gift for GameStop's lover son, turned into a valuable trading lesson. Nina bought 10 shares at around $ 6 each, for a total of $ 60. He later began monitoring the price change with his son.
After the chaos generated by Reddit users, Nina and Jaydyn managed to sell everything for around $ 320 per share, for a total of over $ 3.200., about 2650 euros: a yield of approximately 5.300%. The two decided to set aside $ 2.200 in Jaydyn's savings account and invest the remaining 1.000 in shares of other companies. Jaydyn plans to buy Roblox stock, an online gaming and game creation platform that allows users to program and play.
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