How This 10-Year-Old Investor Cashed In Over 5,000% Return On His GameStop Stock

5000% return. Sounds like a crazy crypto return, right? But in the case of this young Texas-based 10-year old investor, it was a ¡®gifted stock¡¯ that fetched him this massive return in 2021.

Meet Jaydyn Carr

Since December 2019, Jaydyn Carr had been a GameStop shareholder long before the buying frenzy that sent share prices skyrocketing.

His mother, Nina Carr, had 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.

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Why Gamestop Shares?

Jaydyn loved video games, so his mom thought this stock was a natural choice.

As per a report in CNN last year, the mother said "We were always there two years ago, just buying different video games. I was like, 'I can give him the shares the GameStop and give him something tangible to hold on to and that way he can appreciate it that way.'"

Then she bought the shares for about $60 and printed out a stock certificate, which she framed and gift wrapped. Although the then 8-year-old Jaydyn wanted an XBox One in December 2019 but said he liked the gift.

Last year, the 10-year old had said "It was very cool that I got stock in one of the companies that I mostly used."

Jaydyn would occasionally look at the stock price for fun but said that his mom taught him to think of it as a long-term investment.

The 5000% Return

Jaydyn's mom had been an active investor for about 5 years and had set up an alert to keep track of the stock price.

Then about two years after purchasing the Gamestop stock for her son, her phone started going crazy in January 2021.

She saw that the stock had reached $350 and was going up and down dramatically.

She ran to get her son, quickly explained what was going on, and asked him what he wanted to do.

Jaydyn told CNN "I wanted to sell it then and there because I knew it could drop in seconds."

Hence, they ended up selling the stock for about $320 per share, for a total of almost $3,200, signalling a return of over 5000% after purchasing those stocks just for $60.

After Jaydyn¡¯s dad died in 2014, his mom became even more determined to make sure her son Jaydyn was financially literate.

As per CNN, Jaydyn had put $2,000 in his savings account and plans to invest $1,000. He said he'd like to buy shares in Microsoft and Roblox, a popular online game company that is preparing for its IPO.

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