This was a boring week for stocks. The market was flat, with the DOW managing to break 13,000 a few times. Good candidates for new money are far and few between. At this time GIS and SNH are the most appealing of the stocks I regularly monitor. I plan to make 2 or 3 purchases next month, it's always good to look ahead. If I can't find any good buys I might add to my KO or JNJ positions, or maybe add another utility. I will be researching the utility sector this weekend since it has seen a welcomed drop recently. In fact utilities have been the worst the performing sector in 2012. There are a lot of good utility companies it can be difficult to narrow the choices down.
I've also considered selling ITW, as it has seen a 30% price run up since I bought it only three months ago. At $56 ITW is only paying 2.57%, which is not great. The only problem is that if I sell it, then what? Not many stocks are grabbing my attention, and the last thing I need is more cash. I should be getting a bonus check the end of April or early May, which is why I'm trying to slowly use up my cash position.
In non-financial news I will be up for reenlistment soon. I've talked to my career counselor about getting an assignment to Germany or Korea. Germany or anywhere in Europe is my top choice, but is hard to get. It would be an opportunity of lifetime to be able to travel all over Europe for a few years. I'd be happy with Korea too (which is easy to get). One of the reasons I joined the Army was to see the world, I'm going to do just that. The bad news is that budget cuts ended bonuses in my field and my dream of going to OCS to become a commissioned officer is not going to happen. They changed age limits to become an officer, yet another way for the Army to reduce its size. The Army is really cracking down right now, they're looking for ways to get rid of people. I have a friend in the Air Force, it's the same story.