Senay Kenfe, co-owner of Play Nice, shares a screenshot of his GameStop earnings he posted on Twitter for a portrait in Martin Luther King Jr. Park on Thursday, Jan. 28, 2021. Photo by Crystal Niebla.

Long Beach millennial Senay Kenfe saw his GameStop shares skyrocket this week, and he plans to use his earnings—valued at more than $163,000, he tweeted—to buy the apartment building where he lives, and grew up in, in Central Long Beach.

Kenfe said he purchased the video game stock at just $12 a share in early December.

On Thursday the shares peaked at $468, according to MarketWatch, a stock market data tracker. Many investors, however, had already cashed out on their earnings Wednesday, causing a stock market kerfuffle on Wall Street between hedge funds and average-Joe stock traders on Reddit who capitalized on buying low and selling high.

For now, Kenfe said he is holding off on selling in hopes that GameStop share value increases.

He’s been investing in the stock market for nearly a decade, and his GameStop earnings are just one example of his success in this complex Wall Street gamble.

A month ago, Kenfe said he put 10% down on a house for his mother, also in Central Long Beach, using money earned from his past investments.

“I don’t understand how this is a reality,” Kenfe recalled his mother saying. His mother, who has never lived in a house before, didn’t think owning a home was something attainable, he said.

Two years before that, he bought two apartment buildings in Flint and Detroit, Michigan, both of which he converted to Section 8 housing, he said.

“Getting rich is not a goal of mine,” he said. “The goal is stability.”

Senay Kenfe, co-owner of Play Nice, shares a screenshot of his GameStop earnings he posted on Twitter for a portrait in Martin Luther King Jr. Park on Thursday, Jan. 28, 2021. Photo by Crystal Niebla.

Like Kenfe, a Long Beach social media influencer who goes by the moniker “Horsey Horseshoe” invested in the GameStop shares in November and promptly sold on Wednesday for $5,000. He first bought his shares at about $7 each.

Horseshoe declined to give his real name out of fear of jeopardizing his employment in the health care industry.

The same day Horseshoe sold his stock, he used his earnings on a $4,000 engagement ring for his girlfriend and plans on using other investments to buy a home for his parents.

“In the Wall Street Bet community, we call our earnings, ‘tendies,'” he said about the sub-Reddit he relies on for stock market advice.

The two Long Beach investors also use Reddit for help on their sells and buys and free apps such as Fidelity, Webull and Robinhood.

Young people have begun playing the stock market, Horseshoe said, largely due to social media influencers advising their followers to invest in the future instead of splurging on items or services made to enhance one’s appearance.

“Stop trying to buy all this jewelry and live this high-end lifestyle when you know you can’t afford it,” he said.

While many other traders playing the market have already capitalized on GameStop, Horseshoe and Kenfe said they don’t recommend that anyone hop on the bandwagon now. It’s too risky, they said.

“It’s not a get-rich-quick plan,” Horseshoe said Wednesday night. “This is only a once-in-a-lifetime kind of thing.”

(Although, Horseshoe did reveal on Friday morning that he rebought a few shares and is holding off on reselling them.)

He recalled having lost $2,000 once, and recommends that anyone investing in any company should be financially prepared to lose that money. He said he heard a story about a man who killed himself after losing his life savings in a gamble with the stock market.

Kenfe said on Thursday, disappointed, that someone told him they just bought a GameStop share because they heard about how people made money from it.

“The FOMO (fear of missing out) is dangerous,” he said.