This Kid’s Kwanzaa Gift of GameStop Stock Turned a Profit

In December 2019, eight-year-old Jaydyn Carr of San Antonio received 10 shares of GameStop as a Kwanzaa gift.

His mother, Nina Carr, explained that he now owned a bit of the company. It was a way to take something he liked — video games — and turn it into a learning experience on how to invest, according to the New York Times.

Two years later, that lesson paid off. Investors on Reddit drove GameStop’s stock from the $6.12 per share that Nina Carr paid in 2019 to more than $350, making the shares worth about $3,200.

Jaydyn, now 10 years old, has decided to cash out. He’s saving a bulk of the money, and putting $1,000 into another stock that he likes.

Read the whole story at the New York Times:

A 10-Year-Old GameStop Investor Cashed In. His Return? Over 5,000%.