BAREFOOT PILGRIM
A jargon denoting to an unsophisticated investor who losses all of his/her wealth by trading equities in the stock market. Barefoot pilgrim is an individual who has put on more risk than what is needed or started investments carelessly, without conducting the proper research. Any investor must not take more risk than what is required to achieved the desired return, so someone who wants a 3% return must put his/her money in Treasury securities, not in the stock market, and an investor who wants to have an 8% return must put his/her money in the S&P 500, and not in emerging markets.
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