Here’s how Matt Amodio, who racked up $1.5 million on ‘Jeopardy!,’ plans to invest his winnings

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

“I’ve received the boring reply. I will do long-term make investments and maintain,” Amodio stated on “Squawk on the Street.”

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

On the present, Amodio performed with an aggressive model, in search of out Every day Doubles and betting massive when he discovered them. He would not seem to wish to take an analogous strategy to investing his “Jeopardy!” payday.

“I am not there on the day-to-day buying and selling. It is an excessive amount of for me to maintain monitoring of,” stated Amodio, an Ohio native who’s pursuing a doctorate in computer science at Yale University. “However index funds paired with a small quantity of bonds, with yearly rebalancing, how are you going to go unsuitable, proper?”

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

Jeopardy Productions Inc. through AP

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

Though he usually received in runaway vogue, Amodio informed CNBC he isn’t completely shocked his “Jeopardy!” streak is over now.

“Slightly bit stunned, however not too stunned. I had anticipated this second 38 occasions previous to my thirty ninth sport, and each time earlier than that I occurred to win,” Amodio stated. “However I knew it was all the time a risk.”

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

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