Originally Posted by Ready
I think the general mindset of this site would suggest that tracking the market on a daily basis serves no purpose as it is supposed to be a long term investment strategy. So adding this feature to the site would probably go against the collective wisdom of the group.
This is true in general but while I'm a "very long term holder" I check my progress every day.
In my case, I find that it helps me keep in touch with the market's moves. I wonder if without that connection, the recent swings may have had me panicked or overly exuberant. A daily check gives me a 'seen this before' mindset that I might not have otherwise. Certainly helped in late '08. YMMV
Not claiming to be a market expert but at this point, I can tell almost within a few hundred bucks each day how much my portfolio has gained/ lost just by looking at the S&P close.
Spreadsheets are very addictive as you can tell by my justification.