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

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  • Now-ex “Danger!” Winner Matt Amodio told CNBC on Thursday that he plans to invest his winnings safely.
  • “I’ve got the boring answer. I’m going to invest and hold long-term,” said Amodio, who won 38 straight games and earned $1.5 million.
  • “Index funds are pegged to a small amount of bonds, with annual rebalancing, how can you go wrong, right?” Yale computer science doctoral student.

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Matt Amodio, whose prolific run “Jeopardy!” ended earlier this week, telling CNBC on Thursday that he has no risky investment plans to win.

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

Before losing on the episode that aired on Monday, Amodio chanted “Jopardy!” won 38 straight games, the second-longest streak in trivia show history, surpassing only Ken Jennings, who won 74 in a row. Emodio ended up with $1,518,601 in total winnings — before taxes, of course.

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On the show, Emodio played with an aggressive style, looking for daily doubles and betting big when he found them. It seems that he is his “danger!” Doesn’t want to take a similar approach to investing. pay day.

“I’m not on day-to-day business. It’s too much for me to track,” said Amodio, an Ohio native who is pursuing her doctorate. Computer Science at Yale University. “But index funds are pegged to a small amount of bonds, with annual rebalancing, how can you go wrong, right?”

Amodio has $1.5 million third largest amount “Danger!” But won during regular-season play. Jennings is at the top with $2.52 million, and James Holzhauer, who won 32 games in a row in 2019, is second with $2.46 million.

Although he often won in runaway fashion, Amodio told CNBC he was not entirely surprised by his “threat.” The streak is over now.

“A bit of a surprise, but not too much of a surprise. I had anticipated this moment 38 times before my 39th game, and every time before that I won,” Emodio said. “But I knew it was always a possibility.”

Amodio’s attention-getter moves on to “Danger”! Coincides with a moment of transition to the long-running TV program, which is trying to find a permanent replacement for the late Alex Trebek.

Mike Richards was named permanent host in August, following several guest hosts, including CNBC’s own David Faber. But he was ousted, and later also removed, as the show’s executive producer, following offensive comments made about Jews, women, and people with disabilities that resurfaced.

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