I never expected any of this says financial adviser-turned YouTuber Roaring Kitty as GameStop frenzy he fueled explodes again – and now he says he wants to buy a house with his $30 million and counting fortune
Keith Gill, 34, is the YouTube investing Guru known to his fans as Roaring Kitty and DeepF ingValue
The 34-year-old Boston dad is behind dramatic surge in GameStop stock price
He told the Wall Street Journal on Friday that he never expected to become the champion of a Reddit rabble that took on Wall Street
Gill said: I didn t expect this. This story is so much bigger than me… I support these retail investors, their ability to make a statement
The âRoaring Kittyâ Rally: How a Massachusetts Reddit user and his friends roiled the markets
By Nathaniel Popper and Kellen Browning New York Times,Updated January 29, 2021, 10:30 a.m.
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A screenshot of Keith Gill in a recent YouTube video on his channel called Roaring Kitty. Gill, a former financial educator for an insurance firm in Massachusetts, has now become a central figure in this weekâs stock market frenzy.A screenshot from the Roaring Kitty YouTube page
In mid-2019, a Reddit user â known as âRoaring Kittyâ on some social media accounts â posted a picture on an online forum depicting a single $53,000 investment in the video game retailer GameStop.
Mr Gill, who had never really played video games besides Super Mario and Donkey Kong, told the
Journal he began investing in GameStop in mid-2019 when shares were about $5. Earlier that year, the retailer was looking for its fifth chief executive in little more than a year but he kept buying. People were doing a quick take, saying GameStop was the next Blockbuster, he said. It appeared many folks just weren’t digging in deeper. It was a gross misclassification of the opportunity.
The 34-year-old used to be a long-distance runner, running a four-minute mile until being sidelined by an injury. The Chartered Financial Analyst told the newspaper that stock-picking became an outlet for the energy he once put into running.
The Roaring Kitty rally: How a Reddit user and his friends roiled the markets sun-sentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sun-sentinel.com Daily Mail and Mail on Sunday newspapers.
Interestingly, the trading buzz first sparked on Reddit on a forum called r/WallStreetBets. On Tuesday, January 26 the shares were boosted by Tesla CEO Musk, who tweeted âGamestonk!!â along with a link to Reddit s WallStreetBets stock trading discussion group, where he is popular as âPapa Muskâ. For the unversed, âstonksâ is a tongue-in-cheek term for stocks widely used on social media. Now, Discord has banned the Reddit forum over âhate speechâ and it has led to quite an uproar.
So how did the controversy begin and who owns GameStop? Let s find out.
People pass a GameStop store in lower Manhattan (Getty Images)