Matt Amodio, whose Jeopardy! ended earlier this week, CNBC told Thursday that it has no risky investment plans for its winnings.
“I have a boring answer. I’m going to invest long term and hold on, ”Amodio told Squawk on the Street.
Before losing on Monday’s episode, Amodio won 38 straight games in Jeopardy !, the second longest streak in quiz history, behind only Ken Jennings, who won 74 in a row. Amodio finished with a total winnings of $ 1,518,601 – pre-tax, of course.
On the show, Amodio played aggressively, looking for the Daily Doubles and placing big bets when he found them. It looks like he doesn’t want to take a similar approach to investing with his Jeopardy! payday.
“I am not involved in day-to-day trading. It’s too much for me to keep track of, ”said Amodio, an Ohio native who is studying for a doctorate. computer science at Yale University. “But index funds are paired with a small number of bonds that are rebalanced annually, how can you go wrong, right?”
“Danger!” contestant Matt Amodio during the recording of a popular game show.
Jeopardy Productions Inc. via AP
$ 1.5 million Amodio is third largest amount won a regular season match at Jeopardy! Jennings sits in first place with $ 2.52 million, while James Holzhauer, who won 32 games in a row in 2019, is in second place with $ 2.46 million.
Although he often won without delay, Amodio told CNBC that he is not completely shocked by his “Jeopardy!” the streak is now over.
“A little surprised, but not too surprised. I waited for this moment 38 times before my 39th game, and every time before that I had to win, ”said Amodio. “But I knew it was always possible.”
Amodio’s eye-catching run on the theme “Jeopardy!” coincided with the transition moment for a long-running TV program that is trying to find a permanent replacement for the late Alex Trebek.
Following a number of guest hosts, including CNBC’s David Faber, Mike Richards was named permanent host in August. But he was ousted and later removed from his post as executive producer of the show after offensive comments he made about Jews, women and people with disabilities surfaced again.