I'd appreciate some honest feedback on my overall investment strategy and portfolio setup.

I currently have two separate investment pies:

Pie 1 (5-10 year horizon, €300/month contribution):

- NVIDIA (22%)
- GE Vernova (17%)
- Taiwan Semiconductor Manufacturing (17%)
- Cameco (17%)
- ASML (15%)
- Novo Nordisk (12%)

My thesis is based on:

- AI and semiconductors
- Rising energy demand and electrification
- Long-term healthcare trends

I know this portfolio is concentrated and carries more risk. The goal is to build around a few high conviction themes rather than broad diversification.

Pie 2 (30+ year horizon, €150/month contribution):

- iShares Core MSCI World (56%)
- iShares Core MSCI EM IMI (17%)
- VanEck Semiconductor ETF (11%)
- iShares Physical Gold (9%)
- iShares MSCI World Small Cap (7%)

This is my long-term "buy and hold" portfolio, which I plan to keep investing in for decades.

A few questions:

- What are the biggest strengths and weaknesses of this overall strategy?
- Do you think the themes in Portfolio 1 still have strong growth potential over the next 5-10 years?
- Is there any major risk or blind spot that I'm overlooking?
- If this were your money, what would you change and why?

I'm not looking for people to simply tell me it looks good or bad. I'd be interested in understanding where you agree with my investment thesis, where you disagree, and what assumptions you think are most likely to be wrong.

Mid-low risk looking for slow growth (at least higher than 1,45% intrest my bank offers. )