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Definition of 'Barefoot Pilgrim'
Slang for an unsophisticated investor who loses all of his or her wealth by trading equities in the stock market.
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Investopedia 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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Before buying your turkey and trimmings, plan and budget to keep costs under control.
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No investor is flawless. Here are some common investing fallacies and a step-by-step guide on how to avoid them.
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It is impossible to avoid them completely, but there is a systematic method you can use to control them.
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