Mark Berch:Group rotation manager

Stock repurchase
A firm's repurchase of outstanding shares of its common stock.

Fixed exchange rate
A country's decision to tie the value of its currency to another country's currency, gold (or another commodity), or a basket of currencies.

BO
The two-character ISO 3166 country code for BOLIVIA.

Mark Berch:Confirmation
The written statement that follows any "trade" in the securities markets. Confirmation is issued immediately after a trade is executed. It spells out settlement date, terms, commission, etc.

Trademark
A distinctive name or symbol used to identify a product or company and build recognition. Trademarks may be registered with the US Patent and Trademark Office.

Fee-only compensation
Payment to a financial adviser of a set hourly rate, or an agreed-upon percentage of assets under management, for a financial plan. Mark Berch

Tax books
Records kept by a firm'smanagement that follow IRS rules. The books follow Financial Accounting Standards Board rules.