SANT Antonio- A 10-year-old from San Antonio made his August by selling the GameStop shares they gave him more than a year ago.
Jaydyn Carr’s mother, Nina, spent $ 60 on 10 video game chain titles in December 2019, which she then gave to her son at a cooperative economy show based on the Ujamaa principle, one of seven which make up the Kwanzaa festival in honor of African heritage in the United States.
As GameStop stock prices hit record highs this week due to a speculation frenzy sparked by a chat group on Reddit, Jaydyn sold the shares on Wednesday for just under $ 3,200, the Sant Antoni newspaper reported. Express-News.
“My phone was ringing, because I have GameStop in the stock basket to monitor,” Nina said of how she saw the stock price rise. “I was trying to explain to him that this was unusual. I asked him, ‘Do you want to keep them or sell them?'”
The investor duo indicated that $ 2,200 of the funds will go to Jaydyn’s savings account and the other 1,000 will be spent on new investments.