Right here is ‘hazard!’ Champion Matt Amodio’s plans to take a position his winnings
Matt Amodio, whose prolific run on “Jeopardy!” As this week ended, CNBC stated Thursday it had no dangerous funding plans for its income.
“I’ve the boring reply. I’ll make investments and maintain for the long run,” stated Amodio at Squawk on the Avenue.
Earlier than shedding on the episode that aired Monday, Amodio gained 38 straight video games on “Jeopardy!”, The second-longest sequence within the historical past of the trivia present, behind Ken Jennings, who gained 74 straight video games. Amodio closed with a complete revenue of $ 1,518,601 – pre-tax in fact.
On the present, Amodio performed with an aggressive model, in search of Each day Doubles and inserting large bets if he discovered them. He would not appear to need to take an analogous method to his “Jeopardy!” Payday.
“I am not concerned in day-to-day buying and selling. It is an excessive amount of for me to maintain monitor of issues,” stated Amodio, an Ohio native who’s doing a PhD in pc science from Yale College. “However index funds paired with a small quantity of bonds with annual rebalancing, how are you going to go fallacious, proper?”
“Hazard!” Contestant Matt Amodio throughout a taping of the favored recreation present.
Jeopardy Productions Inc. by way of AP
Amodio’s $ 1.5 million is the third largest quantity gained on Jeopardy! Through the common season. Jennings holds the highest spot at $ 2.52 million, and James Holzhauer, who gained 32 video games in a row in 2019, ranks second at $ 2.46 million.
Though he was typically uncontrolled, Amodio informed CNBC that he wasn’t utterly shocked by his “Jeopardy!” Streak is over now.
“A bit stunned, however not too stunned. I anticipated that second 38 occasions earlier than my thirty ninth recreation and each time earlier than that I gained by probability,” stated Amodio. “However I knew it was at all times a chance.”
Amodio’s attention-grabbing run to “Jeopardy!” coincided with a second of transition for the long-running TV present looking for a everlasting substitute presenter for the late Alex Trebek.
After numerous innkeepers, together with CNBC’s David Faber, Mike Richards was named everlasting host in August. However he was ousted and later eliminated as government producer on the present after making offensive feedback about Jews, ladies and folks with disabilities.