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Preet Banerjee

About the author

Investing Experience: Preet Banerjee is a management consultant to the financial services industry with a focus on the commercial application of behavioural finance research and fintech. He's a fellow of the Canadian Securities Institute and holds the Derivatives Market Specialist (DMS) and Financial Management Advisor (FMA) designation. He won the Portfolio Managers Association of Canada's Excellence in Investment Journalism award in 2012, and was named by Advisor.ca as one of Canada's Top 10 Financial Visionaries.

Banerjee is in the last year of his doctoral research into Quantifying the Value of Financial Advice Across Delivery Channels. He's also a fintech founder (MoneyGaps), investor (WealthScope, Drop, Tunezy), and personal finance educator (The Globe and Mail, Youtube, Mostly Money Podcast, YourMoneyDegree.com), as well as a professional keynote speaker.

A former contributing editor of MoneySense magazine, he's currently a member of the Governing Council at The University of Toronto, the Chair of the University of Toronto Scarborough (UTSC) Campus Council, and a member of the Board of Directors at FAIR Canada (Foundation for the Advancement of Investor Rights).

Highlights

Keynote speaker and management consultant to the financial services industry
Financial Columnist for the Globe and Mail
Holds DMS and FMA designations

Expertise

Financial markets
Household wealth management

Latest articles by Preet

Invest

How does the RRSP Home Buyers' Plan work?

Explore how Canada’s Home Buyers’ Plan aids first-time homebuyers by allowing tax-free withdrawal from an RRSP/RSP for down payments.

Borrow

How to evaluate line of credit offers

Offers to transfer your debt from a high-interest source to a line of credit are not always what they seem. See how to evaluate if they'll be right for you.

Invest

What is CDIC insurance?

Learn about what happens to your deposits if your financial institution fails and what assets are and are not protected under CDIC insurance.

Save

Resetting your financial plan

Your financial plan can change from time to time. Life changes can require adjustments to our goals and the timelines to reach them.

Spend

My credit card application got rejected. What now?

It is possible to meet the basic requirements for an application and still get rejected for a credit card. For situations like this, your credit history is likely to blame. Learn how credit card habits that can help.

Spend

Why does my debit card have a credit card logo?

Most people see debit cards and credit cards as different payment options. So when you see a Visa or Mastercard logo on a debit card, it can be confusing.

Spend

7 things that could prevent a credit card application approval

When we hear all the statistics about credit card debt in Canada, you'd think that anyone can get a new credit card anytime. The truth is, not everyone gets approved all the time. In this video, Preet Banerjee discusses 7 things that could prevent a credit card application approval.

Save

Continuing education? Here are tips to pay for it

A surprising number of Canadians say they regret taking on debt for school. Here are three options to help to pay for future education costs and avoid debt.

Save

Estimating retirement expenses

We all know to plan for retirement, but the question is: How much will we need? Here is some food for thought when it comes estimating your retirement expenses.

Money & life

How do you calculate net worth?

A very fundamental personal finance number to know is your net worth. It's super easy to calculate, and it can give you a great bird's eye view of your financial picture. The best way to think about it is like this: What you own minus What you owe.

Money & life

Spring cleaning your finances

Spring is an ideal time for a deep cleaning of your financial house. Learn how to trim out excess cost and ways to put your finances back in order in this article.

Money & life

How to plan your family’s finances

When you're planning to start a family, there's a lot to consider. Learn about these simple tips to take to ensure your finances grow as fast as your family.

Invest

What is Socially Responsible Investing or SRI?

Investors support social causes by using their investment portfolio selections to support companies that align with their values. Learn more about SRI.

Invest

What are ETFs?

Dive into ETF basics with our insightful article. Discover their pros, cons and crucial role in investing.

Invest

Understanding beneficiary designations for your RRSP, RRIF or TFSA

Learn what you need to know towards planning beneficiaries for your various savings accounts.

Invest

Tuning out market noise

News headlines about stock market fluctuations in the short term can distract us from our long-term investing objectives. Here's how to ignore the chatter.

Borrow

How mortgage default insurance works

If you're buying a home with a down payment of less than 20%, you'll need to pay for mortgage default insurance.

Borrow

Car loan cost, beyond monthly payments

With car loans as long as eight years, it’s important to determine your true affordability when shopping for a car – see our list of other considerations.

Borrow

What is a condition of financing?

An offer to buy a house routinely includes conditions on arranging financing. See the implications and risks of not having a condition of financing in place.

Borrow

Extra costs during the first 6-12 months of homeownership

There are many small expenses that add up to a large portion of a homeowner’s overall spending. Preet Banerjee shares a few of these expenses.

Borrow

Smart uses for a line of credit

A line of credit can be a useful spending tool, but it's easy to fall into some common traps. Here are some effective ways to use a line of credit.

Borrow

What is a line of credit?

What is a line of credit, and what are the differences between secured and unsecured lines of credit?

Borrow

Using your home equity line of credit

People don't always use lines of credit wisely. When should you use your line of credit and what should raise red flags? See the top considerations.

Borrow

The 5 Cs of getting approved for credit

Learn about the Five Cs of Credit (Capacity, Capital, Collateral, Credit History and Character) in order improve your ability to have next bank loan approved.

Spend

What is a recession?

Recessions happen from time to time. But what is a recession? Is it possible to prepare for one? We answer your questions here.

Save

What are the benefits of creating a GIC ladder?

 Explore the benefits of creating a GIC ladder, a strategy that offers periodic access to funds, less worry about interest rates, and stability for conservative investors. Perfect for capital preservation!