My portfolio at 23 – growth + dividends

My portfolio at 23 – growth + dividends Hey everyone, I’m 23 years old and wanted to share my portfolio and get some feedback/opinions. My current portfolio is around **€5,550**, spread across these five positions: * **Vanguard FTSE Global All-Cap (Acc)** – \~€2,815 (50%) * **VanEck Morningstar Developed Markets Dividend Leaders (Dist)** – \~€1,798 (32%) * **NN Group** – \~€437 (8%) * **Wolters Kluwer** – \~€399 (7%) * **VanEck Global Real Estate (Dist)** – \~€168 (3%) My investing strategy is a bit of a mix between **long-term growth and dividend income**. I don't necessarily want to maximize one or the other, so I'm trying to build a portfolio that gives me broad market exposure while also having a meaningful dividend component. I’m 23, and a few times a year I receive some money from my grandfather. I combine that with part of the money I earn from working and gradually invest it into my portfolio. So this isn't money I need in the short term, I'm investing with a long-term horizon. One reason I have a relatively large allocation to dividend investments is **tax efficiency in the Netherlands**. The dividend ETF and the two Dutch stocks (**NN Group and Wolters Kluwer**) are Dutch-based, which makes the dividend withholding tax situation more favorable for me. As far as I understand the Dutch system, dividend withholding tax can generally be credited against Box 3 tax, but since my taxable assets/income are currently still relatively low, I don't benefit from that in the same way yet. With foreign dividend-paying investments, I would potentially have **15% foreign withholding tax** that I can't currently make full use of, which is one of the reasons I'm deliberately using Dutch dividend-paying investments. I know this probably isn't the most optimized portfolio and I'm still learning. My main goal right now is to **keep investing consistently, diversify, and let compounding do its thing over the next few decades**. What do you guys think? Would you change anything about this portfolio at 23?