I am joining an investment club in October.  While I totally
understand the group mentality as far as investing is
concerned, my husband wants me to track our individual
portion of the club on Quicken with the rest of our
financial investments.  I'm a little confused on how to do
this.  Do I take my percentage of the club and just use that
as far as the percentage of market value for each stock we
own?  Could it be this easy or am I trying to make things
more complicated than they really are?

Tracking your investment club value in Quicken is not simple. As Gene has already stated in her reply, you don't own a percentage of each of the stocks, you own a percentage of the club. There are several ways to track the value within Quicken. You can set it up like a mutual fund, buying additional shares each month at the current unit value. Or you can set it up as a generic asset account, contributing additional capital each month. Either way, you'll get your current value only once a month, from your club's member status report. The problem with either of these methods is that you have to adjust your cost basis at the end of the year to account for the income and expense allocated to you. I don't recall with any certainty how you do this within Quicken. Conceptually, it will be similar to tracking your cost basis and current value in your home.

 

Ira Smilovitz