Matt Amodio, whose prolific series on âJeopardy!â ended earlier this week, CNBC told CNBC on Thursday he had no risky investment plans for his gains.
“I have the boring answer. I will invest and hold for the long term,” Amodio said in “Squawk on the Street”.
Before losing in the episode that aired Monday, Amodio won 38 straight games on âJeopardy!â, The second longest streak in the history of the trivia show, behind Ken Jennings, who won 74 in a row. . Amodio finished with $ 1,518,601 in total earnings – before taxes, of course.
On the show, Amodio played with an aggressive style, looking for daily doubles and betting big when he found them. He doesn’t seem to want to take a similar approach to investing in his “Jeopardy!” payday.
“I’m not here for the day-to-day trading. It’s too much for me to keep up with,” said Amodio, an Ohio native pursuing a doctorate in computer science at Yale University. âBut index funds paired with a small amount of bonds, with annual rebalancing, how can you go wrong, right? “
“Danger!” contestant Matt Amodio during a taping of the popular game show.
Jeopardy Productions Inc. via AP
Amodio’s $ 1.5 million is the third largest sum won in the regular season game on âJeopardy!â. Jennings is in first place, with $ 2.52 million, and James Holzhauer, who won 32 consecutive games in 2019, is in second place, with $ 2.46 million.
Although he often won in running away, Amodio told CNBC he wasn’t totally shocked by his “Jeopardy!” the sequence is over now.
“A little surprised, but not too much. I had anticipated this moment 38 times before my 39th game, and every time before that I won,” said Amodio. “But I knew it was still a possibility.”
Amodio’s eye-catching run on “Jeopardy!” coincided with a moment of transition for the long-running TV show, which is trying to find a permanent replacement for the late Alex Trebek.
After a series of guest hosts, including CNBC’s David Faber, Mike Richards was appointed permanent host in August. But he was ousted and later removed from his post as executive producer of the series, after offensive comments he made about Jews, women and people with disabilities resurfaced.