Share the growth stocks that you currently have! Is it necessary to have dividend stocks? What are some good dividend stocks?

You are just starting to invest. Why don't you invest in yourself first? Learn the ropes of investing in growth and dividend stocks. Build up your investment knowledge.

Meanwhile just invest in S&P500 and NASDAQ ETFs. You will gain precious experience in the actual mechanism of buying stocks, know what are the trading cost involved, and most importantly, really understand how your emotion is affected by the volatility of the market. Can you stomach a 10% correction, a 20% bearish turn, and even a heart-wrenching 35% crash like the one in Mar last year?

While you stay invested with the ETFs, you can study any stocks (perhaps those suggested by @YJ), apply what you learn, paper trade the stocks you pick, monitor their performance, and evaluate whether you are ready to invest in individual stocks.​​​

In terms of portfolio allocation, you can allocate in broad categories i.e. stocks / bond / crypto / commodity or if you'd like to be more detailed, you can dissect further stocks (growth / value / cyclical / ETFs / REITs), bonds (Global / Sector or Commodity-based), Crypto (Stable coin / Big cap coin / meme coin / Utility coins), Commodity (Oil, Agriculture, Metals etc.). It really depends on how risk averse you are and what you are convicted / believe in will rise in 5 years time. Just make sure you don't stock-pick the stocks with the highest weightage towards the indexes you are looking to buy, otherwise you are concentrating your portfolio even more towards the S&P / NASDAQ (fine if that's what you want)

Growth stocks are companies that are either not profitable (but increasing on profitability) / starting to grow profitable with double digit percentages growth each year. SEA, Square, all these are considered growth stocks.

Dividend stocks are useful to obtain a passive / recurring income. I wouldn't purhcase US stocks for dividends due to the 30% dividend withholding tax hence I would go for Singapore bank stocks (particulary DBS) personally. Given how MAS has currently capped the dividend payout to 60% of what was previously paid in FY19, yet prices of banks are at its ATH's despite that. Furthermore, banks are cash rich now but no where to distribute / spend the money at. The news may have been priced in but given the current low interest rate environment, the only way is up and that would benefit banks too, hence I feel these are the 2 key drivers of bank prices moving up.

REITs, although they have a higher yield than banks, should thrive in a low-interest rate environment, given how they have high gearing / borrowings. However we don't see quite the case given how prices are actually rather surpressed, with interest rates set to rise in the coming years, it'd be a bane than a boon to REITs. Furthermore, some REIT share prices are eroded faster than dividend could cover. ​​​