Barefoot Pilgrim definition explanation

What is Barefoot Pilgrim?
Slang for an unsophisticated investor who loses all of his or her wealth by trading equities in the stock market. Read more for examples and further explanation including related video clips and also comments

Example explains Barefoot Pilgrim
Being labeled a barefoot pilgrim is far from enviable. It is usually the result of taking on more risk than necessary or entering investments carelessly, without doing the proper research.

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