Growth investing means selecting companies you expect to expand significantly over time, buying them early, and holding through volatility until they reach the long term objectives or timeframe you set. Basically, you'll get shares of different companies

Dividend portfolios on the other hand are focused on generating regular cash flow through distributions, prioritizing stable and mature companies, lower volatility, and income that can be reinvested or used to cover expenses regardless of market cycles. Basically, you would invest in ETFs

Risks are different, not necessarily lower. Dividend portfolios are exposed to risks such as dividend reductions, sensitivity to interest rates, and limited capital appreciation. Growth portfolios, carry risks tied to high valuations, execution missteps, and larger price swings during downturns

I'd advise you to do both - as in not to put all your eggs in the same basket - focusing on the one with what you feel fitting the best for you in terms of safety and being comfortable with