An American 10-year-old boy who owns a gamestop stock is a hot topic with a 5000% profit.
On the 31st of last month local time, foreign media such as the New York Times reported that Jay Dean, who lived in Texas, sold 10 shares of GameStop, which he had held for a year, and obtained $32 million (about 3,57 million won).
Jay Dean's mother, Nina, presented 10 shares of the offline game vendor GameStop to her son in late December 2019.
I wanted to teach my son to invest by buying stock in a company he usually likes.
Nina printed the stock certificate, put it in a frame, and presented it to Jedin, and Jedin was satisfied, saying, "There was a game I wanted to have, but I thought it would be nice to have stock in the company I use most."
The two used to check the stock price from time to time, but Nina taught Jay Dean not to rely heavily on fluctuations in terms of long-term investments.
However, in the last week of January, Gamestop stock prices surged tremendously.
The stock price from 6 dollars a week (about 7,000 won) rose to 351 dollars (about 390,000 won).
After learning the news, Jay Dean ended up selling all of his stock at a stock price of $320, making his first investment with $60 for $3,200.
Afterwards, mother Nina confessed, "I started investing in stocks five years ago while studying economics with my husband in 2014. I also wanted to teach my sons economic education."
"As African Americans, we didn't have the opportunity to learn these things earlier in our community, so I wanted my son to know earlier," he said. "I want more parents to do this to close the gap in financial education."
According to her mother's wishes, Jay Dean said that through this experience, she is ready to fully enter the market economy.
Jadein said he would reinvest $1,000 of the $3,200 in profits in stocks of Roblox, an online game company that is preparing for an IPO with Microsoft.
This is'News Pick'.
(Photo = Fox Business YouTube, People website capture)