Member payments, unit valuations, and the value of investments....
We recently received the following....

 I.....have had several of the investors ask how they can determine the values within each stock if possible.
The current value of each stock within your club portfolio is updated automatically each evening after the market close.   To view these values a club member may go to their club and select Accounting > Reports > Valuation Report.  For more information see   If a member desires to see the history of transactions related to any stock in your club portfolio, they may do so by going to Accounting > Investments > and selecting the appropriate investment.   More information is available at
I have found the Bivio program very useful and a great tool. The question that is asked is if each person makes the same contribution at different times of the month how do they figure how many share and at what price they purchased?
Quite simply, the number of units purchased by each member is determined by dividing the amount of that members payment by the unit value. The unit value used in this calculation is based upon the valuation date selected by the club officer entering the transaction.
Having said that, your club partnership agreement should define when and how member payments are valued.   Generally, most clubs select one valuation date to use for any and all payments recorded in any given month.  Yet others may use the unit valuation as of the date that the payment is received and deposited.   It is easy using bivio to enter the transaction either way since the club officer entering the transaction must select both the transaction date and the valuation date when a payment is recorded.   Once again, more information is available via bivio's help files at
In summary, all payments recorded during a given period utilizing the same valuation date will buy units at the same unit value.  In other words, equal payment amounts will receive an equal number of units.   On the other hand,  if the club, for example, uses various valuation dates as of the date when payments are received, equal payments will not receive an equal number of units because the unit value will have changed.
Jerry Dressel
St.Louis, Missouri