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BusinessHere's 'Jeopardy!' champ Matt Amodio's plans to speculate his winnings

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

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Matt Amodio, whose prolific run on “Jeopardy!” got here to an finish earlier this week, advised CNBC on Thursday he has no dangerous funding plans for his winnings.

“I’ve got the boring answer. I’m going to do long-term invest and hold,” Amodio mentioned on “Squawk on the Street.”

Before shedding within the episode that aired Monday, Amodio gained 38-straight video games on “Jeopardy!,” the second-longest streak within the trivia present’s historical past, trailing solely Ken Jennings, who gained 74 in a row. Amodio completed with $1,518,601 in whole winnings — earlier than taxes, in fact.

On the present, Amodio performed with an aggressive model, looking for out Daily Doubles and betting large when he discovered them. He does not seem to wish to take the same method to investing his “Jeopardy!” payday.

“I’m not there on the day-to-day trading. It’s too much for me to keep tracking of,” mentioned Amodio, an Ohio native who’s pursuing a doctorate in computer science at Yale University. “But index funds paired with a small amount of bonds, with yearly rebalancing, how can you go wrong, right?”

“Jeopardy!” contestant Matt Amodio throughout a taping of the favored recreation present.

Jeopardy Productions Inc. through AP

Amodio’s $1.5 million is the third-largest sum gained throughout regular-season play on “Jeopardy!”. Jennings holds the highest spot, with $2.52 million, and James Holzhauer, who gained 32-consecutive video games in 2019, is within the second place, with $2.46 million.

Although he typically gained in runaway style, Amodio advised CNBC he is not completely shocked his “Jeopardy!” streak is over now.

“A little bit surprised, but not too surprised. I had anticipated this moment 38 times prior to my 39th game, and every time before that I happened to win,” Amodio mentioned. “But I knew it was always a possibility.”

Amodio’s attention-grabbing run on “Jeopardy!” coincided with a second of transition for the long-running TV program, which is looking for a everlasting substitute for the late Alex Trebek.

After a collection of friends hosts, together with CNBC’s personal David Faber, Mike Richards had been named the permanent host in August. But he was ousted, and later removed as the show’s executive producer, too, after offensive comments he made about Jews, girls and individuals who have disabilities resurfaced.

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