Should you now stop investing and wait for the bottom? You could, but for that you would need a crystal ball to tell you exactly where the bottom is.
The challenge though is how to “protect” our savings from ourselves? There is only so much self-control we can exercise at any given point of time. It’s easy to start considering big spends, like that smartphone which just hit the market, when we see a relatively big amount accumulating in the bank.
The life goal, such as the one above, needs to be converted into a “financial goal” for it to see daylight. This means talking about sobering facts about money and how to save enough of it to buy the flight ticket, book an Airbnb and still leave enough to do some kilt shopping and, you know, eat and drink, and make merry.