Your approach is incorrect.
If you want to have pages that do automatically update then they must be by dynamic category pages that will automatically update every time you publish a post assigned to the relevant category.
By default the front page of the blog is the post that displays all posts in your blog. Though there is only one dynamic page in a blog for posts (not pages) http://en.support.wordpress.com/post-vs-page/ and we cannot post to more than that one page, we can create the appearance that we have posted to more than one page.
We organize posts by assigning categories to them. You can create a custom menu and add the dynamic categories pages into the custom menu.
Read this carefully http://wpbtips.wordpress.com/2010/06/30/posts-on-pages/
There are many common errors, misunderstandings and misconceptions when creating custom menus and there are some tweaks you can use to improve your custom menu as well.