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10-Year-Old Earns Big After Selling GameStop Stock He Received For Kwanzaa

10-Year-Old Earns Big After Selling GameStop Stock He Received For Kwanzaa

Cooperative economics at its finest!

A 10-year-old just cashed in on the GameStop stocks gifted to him two years ago for Kwanzaa, My San Antonio reports. 

Jaydyn Carr is the happiest little investor right now. Two years ago, his mom Nina gifted him 10 GameStop shares for $6 each in celebration of Kwanzaa. She printed off a certificate she found online and hoped to help Jaydyn learn and understand the principle of Ujamaa, cooperative economics. The then 8-year-old took a picture smiling big with the stock certificate and was genuinely happy as he and his mom began to learn the stock market together. 

Last week, GameStop stocks soared due in part to Reddit users favoring small investors, jumping from a single-digit share value to triple digits, even taking Wall Street by surprise. Jaydyn took advantage, selling his shares for a little under $3,200, learning a valuable lesson in the process.

"My phone was going off because I have GameStop on my watch list. I was trying to explain to him that this was unusual, I asked him, 'Do you want to stay or sell?' Any time I learn something, I show him as well. I wanted to pass on the knowledge I have now because I learned it late in life. I want to give him a step up," Nina Carr told reporters. 

While some would need a little more information before making such a huge decision, or even a little bit more education, Jaydyn was prepared. He chose to cash in on his good fortune. With his mom's help, Jaydyn plans to put $2200 in his savings account, using the other $1000 to invest more. 

The San-Antonio native is an inspirational story for other young investors.

Congratulations Jaydyn!

Photo Courtesy of Nina Carr