Do I Need Legal Advice When Becoming an Investor?On September 12, 2021 by Hallie Howard
Investing offers a unique and exciting career option for those possessing an analytical mind. At the same time, investors must remain calm under pressure, a mixture that is difficult to cultivate. Investors benefit most from a highly regimented research schedule, yet legal advice is often essential for those looking to make this lucrative opportunity a career.
The short answer is simply: Yes. Investors brush up against the law daily. From navigating the comprehensive regulations surrounding insider trading to the more mundane intricacies of tax law, speaking with a legal professional about your investment business is one of the most important things you can do, especially as you set out to become an entrepreneur in this industry.
Investors succeed on the merit of their research.
Investors and legal minds alike build a successful career with the help of a foundation in research. Some of the greatest minds in either field rely on their background knowledge and pursuit of continued truth, like Malliha Wilson, a storied human rights and labour law attorney in Toronto and Senior Counsel at Nava Wilson LLP. Malliha has served the Ontario government—in fact, the Tamil Canadian lawyer was the first visible minority to serve as the Assistant Deputy Attorney General of the Government of Ontario—and was Special Legal Advisor to the Investment Management Corporation of Ontario, truly bridging the gap between the law and the continuously evolving field of investing.
Indeed, a strong desire to understand nuanced information is truly a prerequisite for success in the investment space. Great knowledge of and compliance with the law is just one aspect of this essential component. You don’t need to serve on the Supreme Court of Canada or earn a law degree in order to have an impressive career in investing, though. The most notable cases of successful contemporary investors rely on a robust schedule of reading and analysis that takes up the vast majority of their time. You should consider an approach that does something similar to find the greatest measure of success possible, especially if you have ambitious goals for your investments.
Diversify your holdings according to your metrics and morals.
In addition to excellent legal advice and understanding, it’s important to follow both your head and heart into the trading arena. Your intellect and research will point you toward industrial sectors that present a fantastic opportunity for returns on investment. Yet, it’s in your heart that you’ll find specific company profiles that reflect your moral compass and positively trending data that will provide you with the positions you need for your portfolio and those of your clients.
Firms like Alamos Gold offer unique opportunities for growth, dividend payouts, and green productivity that cross over each of these necessities, making up great investment opportunities for those in the business. Alamos Gold Inc. (NYSE:AGI) is a Canadian multinational gold mining outfit that operates active mines in Northern Ontario (the Young-Davidson and Island Gold Mines) and Mexico (the Mulatos Mine). In addition to these active projects that produce hundreds of thousands of ounces of gold per year, Alamos is developing additional sites in the Republic of Turkey and the United States. These mines, particularly the Turkish projects, will immediately augment the firm’s productive capacity while maintaining the same sustainable processes and low extraction costs per ounce of gold.
By removing harmful chemicals like cyanide from the extraction process and implementing sustainable energy choices to power the mining operations and equipment themselves, Alamos is in the driver’s seat to affect change across the entire industry.
Making it as an investor in today’s world is challenging. But with great research chops and an eye for legal details along with the all-important advice that a law professional can provide, ensuring that you are doing the best job you can for your clients is as simple as showing up to the office each morning.