Fredrik Eklund, the flamboyant real estate broker known for his colorful creations and extravagant lifestyle, has made a name for himself not only in the world of luxury properties but also in the world of stock trading. Despite his success, Eklund is now expressing concern over a potential major downturn in the stock market.
In a recent interview, Eklund revealed his apprehension about the overvaluation of the US stock market and his prediction of a 10-20% decline in the coming months. He pointed to rising interest rates in the US, despite the Federal Reserve’s rate cuts, as a warning sign of impending inflation.
This fear has led Eklund to liquidate most of his stock holdings, including selling off his entire stake in Tesla for approximately 30 million SEK. While Eklund acknowledges his belief in the future of self-driving cars and robotics, he remains skeptical of Tesla’s current valuation, especially considering the stock’s 60% surge since the US presidential election.
Eklund’s interest in the stock market runs deep, with him stating that he has earned more from his investments in US tech stocks over the past two years than from his real estate brokerage business. Although exact figures on Eklund’s earnings as a broker are not available, his firm, The Eklund Gomes, has sold properties totaling over 20 billion dollars.
In a bold move, Eklund recently sold off Nvidia shares worth around 60 million SEK, only to buy back shares following a significant drop in the stock’s value due to the launch of DeepSeek. Eklund’s confidence in Nvidia’s upcoming earnings report and his belief in the company’s long-term prospects led him to reinvest in the stock, predicting a rebound in the near future.
Apart from his stock investments, Eklund has also diversified his portfolio by investing in art. Over the past five years, he has built a substantial art collection, including works by renowned artists such as Basquiat, Warhol, and Richter. Eklund sees art as an undervalued asset class and believes that it offers a unique connection to the artists and their creative energy.
Living in the US for over two decades, Eklund has witnessed the ups and downs of the real estate market, particularly in New York. While he remains optimistic about the market’s recovery post-election, he is wary of potential trade wars and tariff disputes. Having interacted with President Donald Trump on several occasions, Eklund acknowledges Trump’s negotiation tactics but remains critical of his communication style.
Despite his busy schedule as a top real estate broker and TV personality, Eklund continues to explore new investment opportunities, including ventures in pet care products and other startups. With a diverse portfolio and a keen eye for market trends, Eklund remains a force to be reckoned with in both the real estate and financial worlds.