10-Year-Old Texas Boy Cashes In On GameStop Stock Frenzy

A 10-year-old boy in San Antonio is cashing in on the GameStop stock frenzy.

Jaydyn Carr isn't a day trader but a 5th grader. In 2019, his mother, Nina Carr, gave Jaydyn 10 shares of GameStop stock for Kwanzaa, according to the San Antonio Express News. Shares were $6 at that time.

Nina wanted to teach her son about cooperative economics, one of the principles of the December holiday. She even printed out the stock certificate, framed it, and wrapped it as a present for her son.

"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," she said.

The $60 gift is paying off in ways the mom and son couldn't imagine. When Reddit caused GameStop stocks to surge this week, Jaydyn's handful of shares were now worth thousands of dollars.

As the duo navigates Wall Street together, Nina let Jaydyn decide what to do with the stocks.

"I was trying to explain to him that this was unusual, I asked him 'Do you want to stay or sell?'" Nina told the newspaper.

They sold for $3,200, and Jaydyn plans on using $1,000 of that to continue investing.

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