Gene's right, you will own a percentage of the entire value of the club.
Just like with Mutual Funds, your monthly contribution will buy "units" in
the club.  The valuation statement and member status report you will receive
from the club each month will give you the number of units you bought and
the price you paid for them.  This easily allows you to track them in
Quicken.  But then, if you have a monthly member status report from the
club, there's really no point!  Your choice.

Even though Lynn and I both have suggested treating your club membership within Quicken as if it were a mutual fund, you should be aware of one VERY SIGNIFICANT difference between your partnership interest in the investment club and a mutual fund. If you take a partial withdrawal from the club, you will surrender units equal in value to the cash you are withdrawing. However, unlike a mutual fund redemption, this is not a taxable transaction until the amount withdrawn exceeds your cost basis (denoted Paid In Plus Earnings [PIPE] on member status reports). You might want to look through Quicken's help files to see if they have a method for tracking an investment in a partnership.

 

Ira Smilovitz