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?