{
  "records": [
    {
      "id": "unknown-v1",
      "context": {
        "status": "Actual known context",
        "budget_usd": 3000,
        "horizon": "unknown",
        "emergency_and_debt": "unknown",
        "nvda_weight": "unknown"
      },
      "strategy": "Compare advisory allocation options, never execute trades. Preserve liquidity for money needed within five years or before an emergency reserve and expensive debt are handled. For confirmed long-term money, weigh diversified ownership, company-specific downside, costs and the evidence for excess returns. More NVIDIA needs room within a deliberate total-portfolio concentration limit and willingness to bear large drawdowns. Do not infer missing holdings, horizon, debt or risk tolerance. When these are unknown, choose clarify_context and retain conditional scenarios. Strong earnings alone do not establish superior future stock returns. No scenario outcome is a forecast. Select the best next advisory action from the supplied set.",
      "strategy_version": 1,
      "actions": {
        "broad_core": "Prepare a diversified stock-fund allocation for the $3,000; choose a suitable broad fund next. No direct NVIDIA addition.",
        "core_plus_nvda": "Prepare an illustrative $2,700 broad equity fund plus $300 NVIDIA satellite, subject to whole-portfolio concentration checks.",
        "nvda_only": "Prepare an allocation of all $3,000 to NVIDIA, with full company-specific risk.",
        "cash_first": "Keep the $3,000 in a suitable cash or short-term Treasury vehicle while meeting near-term needs; compare liquidity and protections.",
        "clarify_context": "Defer the personal allocation until horizon, emergency/debt position and existing NVIDIA exposure are known; show conditional options now."
      },
      "result": {
        "next_action": "clarify_context",
        "confidence": 1.0,
        "probabilities": {
          "clarify_context": 1.0,
          "cash_first": 0.0,
          "nvda_only": 0.0,
          "core_plus_nvda": 0.0,
          "broad_core": 0.0
        },
        "route": "act",
        "model": "jev-1.13.0",
        "usage": {
          "input_tokens": 1228,
          "output_tokens": 65
        }
      }
    },
    {
      "id": "long_low-v1",
      "context": {
        "status": "Hypothetical, not confirmed user facts",
        "budget_usd": 3000,
        "horizon": "5+ years",
        "emergency_and_debt": "covered",
        "nvda_weight": "under 5%; total portfolio size and exact exposure unknown",
        "risk_tolerance": "can hold diversified equities through a major drawdown; no explicit wish to overweight NVIDIA"
      },
      "strategy": "Compare advisory allocation options, never execute trades. Preserve liquidity for money needed within five years or before an emergency reserve and expensive debt are handled. For confirmed long-term money, weigh diversified ownership, company-specific downside, costs and the evidence for excess returns. More NVIDIA needs room within a deliberate total-portfolio concentration limit and willingness to bear large drawdowns. Do not infer missing holdings, horizon, debt or risk tolerance. When these are unknown, choose clarify_context and retain conditional scenarios. Strong earnings alone do not establish superior future stock returns. No scenario outcome is a forecast. Select the best next advisory action from the supplied set.",
      "strategy_version": 1,
      "actions": {
        "broad_core": "Prepare a diversified stock-fund allocation for the $3,000; choose a suitable broad fund next. No direct NVIDIA addition.",
        "core_plus_nvda": "Prepare an illustrative $2,700 broad equity fund plus $300 NVIDIA satellite, subject to whole-portfolio concentration checks.",
        "nvda_only": "Prepare an allocation of all $3,000 to NVIDIA, with full company-specific risk.",
        "cash_first": "Keep the $3,000 in a suitable cash or short-term Treasury vehicle while meeting near-term needs; compare liquidity and protections.",
        "clarify_context": "Defer the personal allocation until horizon, emergency/debt position and existing NVIDIA exposure are known; show conditional options now."
      },
      "result": {
        "next_action": "clarify_context",
        "confidence": 0.9,
        "probabilities": {
          "clarify_context": 0.92,
          "nvda_only": 0.0,
          "core_plus_nvda": 0.01,
          "broad_core": 0.07,
          "cash_first": 0.0
        },
        "route": "act",
        "model": "jev-1.13.0",
        "usage": {
          "input_tokens": 1274,
          "output_tokens": 65
        }
      }
    },
    {
      "id": "long_high-v1",
      "context": {
        "status": "Hypothetical, not confirmed user facts",
        "budget_usd": 3000,
        "horizon": "5+ years",
        "emergency_and_debt": "covered",
        "nvda_weight": "over 15%",
        "risk_tolerance": "can hold diversified equities through drawdowns; does not seek more company concentration"
      },
      "strategy": "Compare advisory allocation options, never execute trades. Preserve liquidity for money needed within five years or before an emergency reserve and expensive debt are handled. For confirmed long-term money, weigh diversified ownership, company-specific downside, costs and the evidence for excess returns. More NVIDIA needs room within a deliberate total-portfolio concentration limit and willingness to bear large drawdowns. Do not infer missing holdings, horizon, debt or risk tolerance. When these are unknown, choose clarify_context and retain conditional scenarios. Strong earnings alone do not establish superior future stock returns. No scenario outcome is a forecast. Select the best next advisory action from the supplied set.",
      "strategy_version": 1,
      "actions": {
        "broad_core": "Prepare a diversified stock-fund allocation for the $3,000; choose a suitable broad fund next. No direct NVIDIA addition.",
        "core_plus_nvda": "Prepare an illustrative $2,700 broad equity fund plus $300 NVIDIA satellite, subject to whole-portfolio concentration checks.",
        "nvda_only": "Prepare an allocation of all $3,000 to NVIDIA, with full company-specific risk.",
        "cash_first": "Keep the $3,000 in a suitable cash or short-term Treasury vehicle while meeting near-term needs; compare liquidity and protections.",
        "clarify_context": "Defer the personal allocation until horizon, emergency/debt position and existing NVIDIA exposure are known; show conditional options now."
      },
      "result": {
        "next_action": "clarify_context",
        "confidence": 0.59,
        "probabilities": {
          "broad_core": 0.17,
          "core_plus_nvda": 0.15,
          "cash_first": 0.0,
          "nvda_only": 0.0,
          "clarify_context": 0.68
        },
        "route": "codex_review",
        "model": "jev-1.13.0",
        "usage": {
          "input_tokens": 1266,
          "output_tokens": 65
        }
      }
    },
    {
      "id": "short-v1",
      "strategy_version": 1,
      "context": {
        "status": "Hypothetical, not confirmed user facts",
        "budget_usd": 3000,
        "horizon": "need money within 2 years",
        "emergency_and_debt": "covered",
        "nvda_weight": "unknown",
        "risk_tolerance": "principal needed for a planned expense"
      },
      "result": {
        "next_action": "clarify_context",
        "confidence": 0.78,
        "probabilities": {
          "clarify_context": 0.83,
          "cash_first": 0.16,
          "broad_core": 0.01,
          "nvda_only": 0.0,
          "core_plus_nvda": 0.0
        },
        "route": "codex_review",
        "model": "jev-1.13.0",
        "usage": {
          "input_tokens": 1255,
          "output_tokens": 65
        }
      }
    },
    {
      "id": "long_low",
      "strategy_version": 2,
      "context": {
        "status": "Hypothetical, not confirmed user facts",
        "budget_usd": 3000,
        "horizon": "5+ years",
        "emergency_and_debt": "covered",
        "nvda_weight": "under 5%; total portfolio size and exact exposure unknown",
        "risk_tolerance": "can hold diversified equities through a major drawdown; no explicit wish to overweight NVIDIA"
      },
      "strategy": "Select a CONDITIONAL advisory allocation pattern for exactly the hypothetical context supplied. Never execute a trade. The previous policy over-applied missing information: requiring an exact existing portfolio even for a short-horizon cash decision or a diversified long-term comparison caused unnecessary deferral. This revision distinguishes personal trade sizing from conditional patterns. If horizon or emergency/debt readiness is unknown, clarify_context. If funds are needed within five years, or emergency reserves or expensive debt are unresolved, prioritize liquidity rather than equity risk. If horizon is 5+ years and reserves/debt are covered, compare diversified stock ownership with a company tilt on its merits. Missing exact portfolio dollars prevents validating a direct NVIDIA size but does not block a broad-fund comparison. Favor concentration only with an explicit desire and a verified risk budget. More breadth and lower fees do not guarantee higher returns. Use current evidence, not unsupported price forecasts. Evaluate these options as advice to consider, not orders.",
      "actions": {
        "broad_core": "Prepare a diversified stock-fund allocation for the $3,000; choose a suitable broad fund next. No direct NVIDIA addition.",
        "core_plus_nvda": "Prepare an illustrative $2,700 broad equity fund plus $300 NVIDIA satellite, subject to whole-portfolio concentration checks.",
        "nvda_only": "Prepare an allocation of all $3,000 to NVIDIA, with full company-specific risk.",
        "cash_first": "Keep the $3,000 in a suitable cash or short-term Treasury vehicle while meeting near-term needs; compare liquidity and protections.",
        "clarify_context": "Defer the personal allocation until horizon, emergency/debt position and existing NVIDIA exposure are known; show conditional options now."
      },
      "result": {
        "next_action": "broad_core",
        "confidence": 0.94,
        "probabilities": {
          "broad_core": 0.95,
          "cash_first": 0.0,
          "clarify_context": 0.01,
          "core_plus_nvda": 0.04,
          "nvda_only": 0.0
        },
        "route": "act",
        "model": "jev-1.13.0",
        "usage": {
          "input_tokens": 1343,
          "output_tokens": 65
        }
      },
      "captured_at": "2026-09-19T07:31:10.324796+00:00"
    },
    {
      "id": "long_high",
      "strategy_version": 2,
      "context": {
        "status": "Hypothetical, not confirmed user facts",
        "budget_usd": 3000,
        "horizon": "5+ years",
        "emergency_and_debt": "covered",
        "nvda_weight": "over 15%",
        "risk_tolerance": "can hold diversified equities through drawdowns; does not seek more company concentration"
      },
      "strategy": "Select a CONDITIONAL advisory allocation pattern for exactly the hypothetical context supplied. Never execute a trade. The previous policy over-applied missing information: requiring an exact existing portfolio even for a short-horizon cash decision or a diversified long-term comparison caused unnecessary deferral. This revision distinguishes personal trade sizing from conditional patterns. If horizon or emergency/debt readiness is unknown, clarify_context. If funds are needed within five years, or emergency reserves or expensive debt are unresolved, prioritize liquidity rather than equity risk. If horizon is 5+ years and reserves/debt are covered, compare diversified stock ownership with a company tilt on its merits. Missing exact portfolio dollars prevents validating a direct NVIDIA size but does not block a broad-fund comparison. Favor concentration only with an explicit desire and a verified risk budget. More breadth and lower fees do not guarantee higher returns. Use current evidence, not unsupported price forecasts. Evaluate these options as advice to consider, not orders.",
      "actions": {
        "broad_core": "Prepare a diversified stock-fund allocation for the $3,000; choose a suitable broad fund next. No direct NVIDIA addition.",
        "core_plus_nvda": "Prepare an illustrative $2,700 broad equity fund plus $300 NVIDIA satellite, subject to whole-portfolio concentration checks.",
        "nvda_only": "Prepare an allocation of all $3,000 to NVIDIA, with full company-specific risk.",
        "cash_first": "Keep the $3,000 in a suitable cash or short-term Treasury vehicle while meeting near-term needs; compare liquidity and protections.",
        "clarify_context": "Defer the personal allocation until horizon, emergency/debt position and existing NVIDIA exposure are known; show conditional options now."
      },
      "result": {
        "next_action": "broad_core",
        "confidence": 0.83,
        "probabilities": {
          "cash_first": 0.0,
          "core_plus_nvda": 0.12,
          "nvda_only": 0.0,
          "clarify_context": 0.01,
          "broad_core": 0.87
        },
        "route": "codex_review",
        "model": "jev-1.13.0",
        "usage": {
          "input_tokens": 1335,
          "output_tokens": 65
        }
      },
      "captured_at": "2026-09-19T07:31:10.629688+00:00"
    },
    {
      "id": "short",
      "strategy_version": 2,
      "context": {
        "status": "Hypothetical, not confirmed user facts",
        "budget_usd": 3000,
        "horizon": "need money within 2 years",
        "emergency_and_debt": "covered",
        "nvda_weight": "unknown",
        "risk_tolerance": "principal needed for a planned expense"
      },
      "strategy": "Select a CONDITIONAL advisory allocation pattern for exactly the hypothetical context supplied. Never execute a trade. The previous policy over-applied missing information: requiring an exact existing portfolio even for a short-horizon cash decision or a diversified long-term comparison caused unnecessary deferral. This revision distinguishes personal trade sizing from conditional patterns. If horizon or emergency/debt readiness is unknown, clarify_context. If funds are needed within five years, or emergency reserves or expensive debt are unresolved, prioritize liquidity rather than equity risk. If horizon is 5+ years and reserves/debt are covered, compare diversified stock ownership with a company tilt on its merits. Missing exact portfolio dollars prevents validating a direct NVIDIA size but does not block a broad-fund comparison. Favor concentration only with an explicit desire and a verified risk budget. More breadth and lower fees do not guarantee higher returns. Use current evidence, not unsupported price forecasts. Evaluate these options as advice to consider, not orders.",
      "actions": {
        "broad_core": "Prepare a diversified stock-fund allocation for the $3,000; choose a suitable broad fund next. No direct NVIDIA addition.",
        "core_plus_nvda": "Prepare an illustrative $2,700 broad equity fund plus $300 NVIDIA satellite, subject to whole-portfolio concentration checks.",
        "nvda_only": "Prepare an allocation of all $3,000 to NVIDIA, with full company-specific risk.",
        "cash_first": "Keep the $3,000 in a suitable cash or short-term Treasury vehicle while meeting near-term needs; compare liquidity and protections.",
        "clarify_context": "Defer the personal allocation until horizon, emergency/debt position and existing NVIDIA exposure are known; show conditional options now."
      },
      "result": {
        "next_action": "cash_first",
        "confidence": 0.98,
        "probabilities": {
          "core_plus_nvda": 0.0,
          "broad_core": 0.01,
          "clarify_context": 0.01,
          "nvda_only": 0.0,
          "cash_first": 0.98
        },
        "route": "act",
        "model": "jev-1.13.0",
        "usage": {
          "input_tokens": 1324,
          "output_tokens": 64
        }
      },
      "captured_at": "2026-09-19T07:31:10.915434+00:00"
    },
    {
      "id": "fund",
      "strategy_version": 2,
      "context": "Hypothetical 5+ year US equity core with emergency/debt covered, fractional shares available, no options trading or intraday-liquidity preference, and no stated preference between large-cap and total-market exposure",
      "strategy": "Choose a suitable long-term US equity fund based on breadth, ongoing costs and simplicity. No evidence supports predicting which index will outperform. Broader coverage may fit a neutral core, while the S&P 500 funds fit a deliberate large-cap core. The $1.94 annual fee difference on $3,000 is small. This is a conditional fund comparison, not a trade.",
      "actions": {
        "VTI": "Total US market including large, mid and small cap stocks, fee 0.03%",
        "VOO": "S&P 500 US large cap stocks, fee 0.03%",
        "SPY": "S&P 500 US large cap stocks, fee 0.0945%"
      },
      "result": {
        "next_action": "VTI",
        "confidence": 0.99,
        "probabilities": {
          "VTI": 1.0,
          "SPY": 0.0,
          "VOO": 0.0
        },
        "route": "act",
        "model": "jev-1.13.0",
        "usage": {
          "input_tokens": 1069,
          "output_tokens": 43
        }
      },
      "captured_at": "2026-09-19T07:31:11.233285+00:00"
    }
  ],
  "evidence": {
    "as_of": "2026-09-19",
    "NVDA": {
      "close": 222.27,
      "price_date": "2026-09-18",
      "quarter": "FY2027 Q2",
      "revenue_billion": 96.221,
      "revenue_yoy_pct": 106,
      "non_gaap_eps": 2.22,
      "gaap_eps": 2.46,
      "gross_margin_pct": 75,
      "next_quarter_revenue_guidance_billion": 108,
      "guidance_is_not_actual": true,
      "risks": [
        "AI capital spending durability",
        "Customer concentration",
        "Export controls",
        "Product transition and supply commitments",
        "Valuation multiple contraction"
      ],
      "annualized_non_gaap_eps": 8.88,
      "price_divided_by_annualized_quarter_eps": 25.030405405405403,
      "annualization_is_not_forward_consensus": true
    },
    "SPY": {
      "exposure": "S&P 500 US large cap",
      "expense_ratio_pct": 0.0945,
      "nvda_weight_pct": 8.07,
      "holdings_date": "2026-09-17"
    },
    "VOO": {
      "exposure": "S&P 500 US large cap",
      "expense_ratio_pct": 0.03
    },
    "VTI": {
      "exposure": "Total US market including large mid small caps",
      "expense_ratio_pct": 0.03
    },
    "SGOV": {
      "exposure": "0-3 month US Treasury bills",
      "expense_ratio_pct": 0.09,
      "sec_yield_pct": 3.65,
      "yield_date": "2026-09-17",
      "yield_is_not_guaranteed": true,
      "not_fdic_insured": true
    },
    "limits": [
      "No verified forward analyst consensus used",
      "No observed user holdings or total portfolio value",
      "No expected return distribution estimated"
    ]
  },
  "initial_research": {
    "next_action": "research_facts",
    "confidence": 1.0,
    "probabilities": {
      "research_facts": 1.0,
      "build_site": 0.0,
      "draft_recommendation": 0.0
    },
    "route": "act",
    "model": "jev-1.13.0",
    "usage": {
      "input_tokens": 523,
      "output_tokens": 48
    }
  },
  "threshold": 0.85,
  "initial_validation_failure": "One first-attempt short-horizon response was rejected by the strict caller. Its raw body was not retained. A subsequent request returned valid fields and low confidence (0.78). No investment action was executed.",
  "revision_reason": "Codex reviewed low confidence and unnecessary deferral. Strategy v2 allows conditional broad-fund and liquidity comparisons while retaining missing-context checks for personal allocation."
}