Bumbags scream "I'm a tourist, please rob me!"
There's an entire industry built around bad advice on how to not be robbed as a tourist. Bum bags (or the more uproarious sounding "fanny packs" to our American friends) are the prime offenders, but so are various forms of small travel pouches made to be worn around your waist or neck, or slung over your shoulders.
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When I first started travelling on my own in my early 20s, well-meaning older friends and colleagues who'd been there, done that were jumping all over each other to say, "make sure you get some sort of a bum bag for your wallet!" Others would suggest that bum bags were OK, but if you really wanted to be safe from pickpockets you'd buy one of those thin waist-pouches to stash your cash.
I can even remember a guidebook warning never to leave your passport in your hotel room and to instead pouch it and sling it around your shoulder like an extremely not cool Indiana Jones. Based on friends, colleagues, guidebooks and travel gear shops, you'd be off wandering the streets of Barcelona or Rome or Hanoi (or any of the other of the globe's other most notorious pickpocket cities) with your money, phone and passport acting like a homing device for thieves. You might as well be wearing an advertising sandwich board saying, "I'm a tourist, please rob me!"