Dubai, United Arab Emirates (CNN) – Jayden Carr was a “Game Stop” shareholder long before the recent buying frenzy caused the company’s stock prices to skyrocket … But now, the 10-year-old investor has made money. About $ 3200 in a matter of days.
His mother, Nina Carr, says in an interview with CNN that she bought Jayden 10 shares of the company’s shares in 2019 as a gift for her son on the occasion of Kwanzaa, because she wanted to teach him about investing. Jayden, who is a fifth grader, liked video games, so company stocks were a natural choice for Nina.
“We’ve always been there for two years, buying different video games. So I thought to myself, I can gift him shares in GameStop and give him something tangible to keep it and that way he can appreciate it,” says Nina.
Nina bought the stock for about $ 60 and printed out a share certificate, which she framed and wrapped as a gift. Jayden says he is very happy after taking shares in a company he often uses.
Since then, Jayden has occasionally tracked the stock price for fun, but he said his mom taught him to think of it as a long-term investment.
Game Stop has risen more than 1,500% this year, as the gains have been largely driven by a group of Reddit investors, buying stocks to hurt short sellers and hedge funds that have bet on the stock’s decline.
Carr has been an active investor for nearly 5 years and has set up an alert on her phone to track the share price. On Wednesday morning, she saw that the share price had reached $ 350 and was rising and falling dramatically.
Upon counseling with her son about what he wanted to do, Jayden told her he wanted to sell his shares “because I know it can drop in price within seconds.” He then sold his shares for $ 320 a share, making a total of nearly $ 3,200.
Jayden has saved $ 2,000 of what he achieved in his savings account, while he plans to invest $ 1,000, saying he would like to buy shares in Microsoft and ROBLOX, a popular online gaming company preparing for an IPO.
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