Matt Amodio, whose prolific run on “Jeopardy!” As this week ended, CNBC said Thursday it had no risky investment plans for its profits.
“I have the boring answer. I will invest and hold for the long term,” continued Amodio “Quack on the street.”
Before Amodio lost on the episode that aired Monday, Amodio won 38 straight games on Jeopardy!, The second-longest series in the trivia show’s history, behind Ken Jennings, who won 74 straight games. Amodio closed with a total profit of $ 1,518,601 – pre-tax of course.
On the show, Amodio played with an aggressive style, looking for Daily Doubles and placing big bets if he found them. He doesn’t seem to want to take a similar approach to his “Jeopardy!” Payday.
“I’m not involved in day-to-day trading. It’s too much for me to keep track of things,” said Amodio, an Ohio native who works 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 during a taping of the popular game show.
Jeopardy Productions Inc. via AP
Amodios $ 1.5 million is the third largest sum won “Jeopardy!” during the regular season. Jennings holds the top spot at $ 2.52 million, and James Holzhauer, who won 32 straight games in 2019, ranks second at $ 2.46 million.
Although he often won out of control, Amodio told CNBC that he wasn’t completely shocked by his “Jeopardy!” Streak is over now.
“A bit surprised, but not too surprised. I expected that moment 38 times before my 39th game and every time before that I won by chance,” said Amodio. “But I knew it was always a possibility.”
Amodio’s attention-grabbing run to “Jeopardy!” coincided with a moment of transition for the long-running TV show trying to find a permanent replacement presenter for the late Alex Trebek.
After a number of innkeepers, including CNBC’s own David Faber, Mike Richards was Appointed permanent host in August. But he was ousted, and later also removed as the show’s executive producer, after offensive comments he made resurfaced about Jews, women and people with disabilities.