Portfolio Check – 20 y/o from NL

Hey everyone,

I’m 20, live in the Netherlands, and just getting serious about long-term investing. I’d love your thoughts on my portfolio and whether I should tweak anything.

Here’s what I’m currently planning to build:

• 50% Vanguard FTSE All-World UCITS ETF (Acc) – VWCE
• 20% iShares MSCI World Small Cap UCITS ETF (Acc) – IUSN
• 10% iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) – EMIM
• 15% Individual Stocks (currently ASML, NN Group, Shell)
• 5% Crypto (100% BTC for now)

What I like:

Global diversification (All-World + Small Caps + EM).
Accumulating ETFs.
Still some room for fun/stock-picking.

My doubts:

• IUSN has a “high” TER (0.35%) compared to VWCE. Is it worth keeping such a big chunk in small caps?
• Emerging markets: should I stick with EMIM or use something like EUNM / VFEM instead?
• Individual stocks at 15%: too risky or fine at my age?