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On August 11,2014,Nancy acquired and placed into service residential rental property,which cost $430,000; the cost of the land has been excluded.Nancy annually elects the maximum allowed Sec.179 deduction.The total depreciation for the year is (rounded)
Lucky Event
An unexpected occurrence that can have a positive impact on an investment or market outcome, often beyond the investor's control.
Selection Bias
The bias that results from the way in which observations are selected for analysis, leading to results that are not representative of the population being studied.
Random Walk
Describes the notion that stock price changes are random and unpredictable.
Submartingale
A type of stochastic process where the conditional expected future value of the process is at least equal to the present value.
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