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This is “Jeopardy!”Champion Matt Amodio plans to invest prizes

Matt Amodio, who played prolific in “Jeopardy!”, Ended earlier this week and told CNBC on Thursday that he had no risky investment plans for prize money.

“I have a boring answer. I’m going to make a long-term investment and retention,” Amodio said in “Squawk on the Street.”

Before losing in the episode aired on Monday, Amodio won 38 straight games in the second longest streak in the history of the trivia show, “Jeopardy!”, Following only Ken Jennings, who won 74 streak. Amodio, of course, ended with a total prize pool of $ 1,518,601, excluding tax.

At the show, Amodio played in an aggressive style, looking for daily doubles and making big bets when he found them. He doesn’t seem to want to take a similar approach to investing his “Jeopardy!” Payday.

“I don’t participate in day-to-day transactions, too much to keep track of,” said Amodio from Ohio, who holds a PhD in computer science from Yale University. “But index funds are paired with a small amount of bonds and are rebalanced every year. Why doesn’t it work?”

“Jeopardy!” Contestant Matt Amodio while taping a popular game show.

Jeopardy Productions Inc. via AP.

Amodio’s $ 1.5 million is the third largest amount he’s earned in his regular season play of “Jeopardy!”. Jennings tops the list with $ 2.52 million, and James Holsauer, who won 32 consecutive times in 2019, is second with $ 2.46 million.

He often went out of control and won, but Amodio told CNBC he wasn’t completely shocked by his “Jeopardy!” The streak is over.

“I was a little surprised, but not so surprised. I expected this moment 38 times before the 39th match, but I won every time before that,” Amodio said. “But I knew it was always possible.”

Amodio’s attention-grabbing “Jeopardy!” Consistent with the moment of a long-running television show transition trying to find a permanent replacement for the late Alex Trebek.

After a series of guest hosts, including CNBC’s own David Faber, Mike Richards was nominated as a permanent host in August. However, he was banished and later dismissed as the show’s executive producer. He resurfaced after making offensive comments about Jews, women and people with disabilities.

This is “Jeopardy!”Champion Matt Amodio plans to invest prizes

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