Here’s ‘Jeopardy!’ champ Matt Amodio’s plans to invest his winnings

Matt Amodio, who ran profusely on “Danger!” Finished earlier this week, telling CNBC Thursday that he has no risky investment plans with regards to his earnings.

“You’ve got a boring answer,” Amodio said on “Squawk on the Street.” “I’m going to make a long-term investment and hold on.”

Before losing on the episode that aired on Monday, Amodio won 38 straight games over “Jeopardy!” , the second-longest running streak in PII history, trailing only Ken Jennings, who won 74 games in a row. Amodio finished with a total profit of $151,8601—before taxes, of course.

On the show, Amodio played aggressively, searching for Daily Doubles and bet a lot when he found them. He doesn’t seem to want a similar approach to investing “risk!” payday.

“I’m not into day trading. It’s just too much for me to keep track of,” said Amodio, an Ohio native who is pursuing a Ph.D. in computer science at Yale University. “But index funds paired with a small amount of bonds, with annual rebalancing, how can you go wrong, right?”

“Danger!” Contestant Matt Amodio while recording the popular game show.

Jeopardy Productions Inc. via AP

$1.5 million from Amodio is the third most won during a regular season game on “Jeopardy!”. Jennings takes first place, with $2.52 million, and James Holzhauer, who won 32 consecutive games in 2019, is second, with $2.46 million.

Although he often won in a brisk fashion, Amodio told CNBC that he wasn’t quite shocked by “the danger!” The line is now over.

“I was a little surprised, but not too surprised,” Amodio said. “I expected this moment 38 times before my 39th game, and every time before that I was winning.” “But I knew it was always a possibility.”

Attractive Amodio Play on “Jeopardy!” It coincided with a transitional moment for the long-running TV show, which is trying to find a permanent replacement host for the late Alex Trebek.

After a string of guest hosts, including CNBC’s David Faber, Mike Richards was named permanent host in August. But he was ousted, and later fired as an executive producer on the series as well, after offensive comments he made about Jews, women, and people with disabilities came to light.

.

Leave a Comment