Gundlach said the best investment trade at the moment is to sell the S&P 500 Index and buy closed-end credit funds "because closed-end credit funds are down massively and the S&P 500 was at its high." There's ample downside protection in beaten-up close-end credit funds, Gundlach said.
I bot PHK and PTY today. Hope they will rebound next month before the distribution date.
The price I paid for PHK was too high (( I did't expect that much drop...But, with the dividend rate, the loss will be back in a few months (if the price remain at this level).