NICK EICHER, HOST: Video game retailer GameStop became the biggest story on Wall Street after small investors drove up its values and rocked the short sellers.
It’s a pretty big story in San Antonio as well, at least for one young man. That’s where 10-year-old investor Jaydyn Carr lives.
Carr just made a mint by selling his stock in GameStop he received more than a year ago.
His mother, Nina, spent $60 for 10 shares of the stock in December of 2019.
She told television station KENS, she used the gift to teach her son about money.
NINA: That was the way that I could fuse his interest in video games and things like that with economics.
Jaydyn just sold that stock for more than $3,000!
Now mom has the challenge of explaining that it doesn’t usually work like this!
But he’s already making good decisions. Rather than blow that wad of cash, Jadyn is planning to save it and reinvest.
JAYDEN: I plan to save about $2,200 of that, and the rest of that thousand, I’m going to invest in companies like Roblox and Microsoft.
Interesting: Old tech and new. Sounds like he’s got an investment strategy there.
It’s The World and Everything in It.