Jeopardy champ Matt Amodio's investment plans
Jeopardy champ Matt Amodio's investment plans
Recently defeated Jeopardy champ Matt Amodio appeared on CNBC after the conclusion of his 38 day run, and was asked what he planned to do with his earnings. His answer: index funds, some bonds, and rebalancing. Sounds like a Boglehead. Of course Jim Cramer chimed in encouraging him to be more aggressive.
Investment talk starts around 2:20
https://www.cnbc.com/2021/10/14/heres-j ... nings.html
Investment talk starts around 2:20
https://www.cnbc.com/2021/10/14/heres-j ... nings.html
Re: Jeopardy champ Matt Amodio's investment plans
Sounds like a smart dude.jpsfranks wrote: ↑Fri Oct 15, 2021 3:39 pm Recently defeated Jeopardy champ Matt Amodio appeared on CNBC after the conclusion of his 38 day run, and was asked what he planned to do with his earnings. His answer: index funds, some bonds, and rebalancing. Sounds like a Boglehead. Of course Jim Cramer chimed in encouraging him to be more aggressive.
Investment talk starts around 2:20
https://www.cnbc.com/2021/10/14/heres-j ... nings.html
- tennisplyr
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Re: Jeopardy champ Matt Amodio's investment plans
Cute answer...not sure how much is left after taxes
“Those who move forward with a happy spirit will find that things always work out.” -Retired 13 years 😀
Re: Jeopardy champ Matt Amodio's investment plans
Hi Matt if you are here
- anon_investor
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Re: Jeopardy champ Matt Amodio's investment plans
Hopefully enough to still get a nice transfer bonus at the brokerage of his choice!
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Re: Jeopardy champ Matt Amodio's investment plans
What is a smart plan?
- anon_investor
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Re: Jeopardy champ Matt Amodio's investment plans
VTSAX and chill!
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Re: Jeopardy champ Matt Amodio's investment plans
He's 30. Won about 1.5M.
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Re: Jeopardy champ Matt Amodio's investment plans
Federal taxes + California taxes + local taxes probably in the neighborhood of 50%!
Re: Jeopardy champ Matt Amodio's investment plans
Well, he is pretty young, and will soon have a PhD in Computer Science. Plus he'll always have a career in TV from here on out, if he so chooses.
So Cramer's advice might not be too bad.
So Cramer's advice might not be too bad.
Time is what we want most, but what we use worst. William Penn
Re: Jeopardy champ Matt Amodio's investment plans
If he’s rich or poor, this will get locked. We might get lucky if he’s in between.
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Re: Jeopardy champ Matt Amodio's investment plans
I was playing Jeopardy.
- whodidntante
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Re: Jeopardy champ Matt Amodio's investment plans
It is reckless to invest that way. Have you seen how expensive bonds are right now?
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Re: Jeopardy champ Matt Amodio's investment plans
What is a Boglehead approach?
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Re: Jeopardy champ Matt Amodio's investment plans
Amodio is correct on the index funds and that's very bogleheaded. But if you consider the taxes he might not have pocketed much more than 800k. I'd probably apply some leverage to a balanced portfolio and go 120/120. Depends on how much he expects to make in the future. Winning Jeopardy 38 times and a PhD could make his future expected earnings quite high, which would argue for a more aggressive allocation today. And a life insurance and disability policy.