You can find out how your account is doing or process an exchange between two funds. It's there whenever you need or want it. The downside, of course, is being flooded with too much information. I talk to long-term shareholders very often, and several have confessed that they know they look at their portfolios more often than they should. Also, there is too much information and opinion masquerading as expertise.
People have to be very leery of self-appointed experts providing advice and guidance.
If you capitalize on the great stuff you'll be a better investor, but if you succumb to the temptation to transact based on chat rooms or the day's news, it could end up being a real negative. There's no question. If you look at the statistics, whether it's the average turnover of stocks or of mutual funds, trading is just way too fast. People should hold funds for decades, not for 2.5 years, which is about the average these days. At that level of turnover, a fund is not really an investment.