Jaydyn Carr Wiki – Jaydyn Carr Bio
Jaydyn Carr was a GameStop shareholder long before the buying frenzy that sent share prices skyrocketing, and now the investor has cashed in, making almost $3,200.
His mother told CNN that she bought Jaydyn 10 shares of the company’s stock in 2019 as a Kwanzaa present because she wanted to teach him about investing.
He is 10 years old.
Jaydyn Carr Parents
His mother’s name is Nina Carr.
Jaydyn Carr of San Antonio made $3,200 on shares from GameStop this week that his mother bought him in 2019 for about $60.
As amateur investors banded together this week to squeeze Wall Street hedge funds by sending GameStop’s stock prices to dizzying heights, some novice traders, like 10-year-old Jaydyn Carr of San Antonio, have seen their long-term investments pay off.
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In December 2019, Jaydyn, then 8, was buying discounted games at GameStop and wishing for an Xbox One. Spying a way to use her son’s enthusiasm for video games to teach him about investing, Jayden’s mother, Nina Carr, decided to invest in 10 shares of GameStop at $6.19 a share for a Kwanzaa gift.
Ms Carr handed her son a certificate she created from an online template to explain to him that he was the owner of a tiny part of GameStop. She told him the gift was in keeping with the spirit of ujamaa, or cooperative economics, one of the seven principles of Kwanzaa.
Ms Carr, a nutritionist, quickly pulled her son out of virtual learning and asked him what he wanted to do. “I trying to explain to him that this was unusual,” she told mySanAntonio.com, a segment of the San Antonio Express-News. “I asked him, ‘Do you want to stay or sell?’”
Jaydyn decided to sell his shares, earning $3,200 — a return of more than 5,000 per cent on an investment of about $60.
“I felt shocked and excited at the same time,” he said in a phone interview on Friday.
He said he had decided to save $2,200 and invest the remaining $1,000, most likely in shares of Roblox, an multiplayer gaming universe popular with young children, if and when the platform goes public.
“Long-term investing is important because that is how I got this money,” Jaydyn said.
The surge has piqued Jaydyn’s interests in amateur day trading. “He’s definitely ready to jump full force into the market,” his mother said.