so far I have paid all the payments upfront for our
investment club, thus giving me "units" what are they? What
do they represent?

Linda Haney writes:
> so far I have paid all the payments upfront for our
> investment club, thus giving me "units" what are they? What
> do they represent?

A unit is a share in your investment club. When a member makes a
payment, they receive units in exchange for their capital
contribution. The number of units depends upon unit value.

The valuation date used when entering member payments determines the
number of units purchased.

Here are a few links to trez_talk columns which discuss the unit value
system:

http://www.bivio.com/trez_talk/mail-msg?t=4688300003
http://www.bivio.com/trez_talk/mail-msg?t=1839900003
http://www.bivio.com/trez_talk/mail-msg?t=1733700003

Please also visit our help pages on the subject:

http://www.bivio.com/hp/unit-value.html
http://www.bivio.com/hp/valuation-date.html
http://www.bivio.com/hp/valuation-report.html

Cheers,
Rob