Thank you all for your comments.
I don't have a particular strategy, I just look for companies that the internets say are cheap, the price is not expected to drop much in the coming recession, and whose dividends are safe for the next few years. I avoid telecom and such (like AT&T), and prefer REITS (41% of my portfolio) and financials (15% of my portfolio). By diversifying I hope to reduce risk.
@shri the reason I chose US ETFs is that I can't find very attractive UK ETFs. Take DXSB for example, even though the dividend is 1% higher than SPHD, over the last 5 years the price has gone up by 14% for DXSB, while 31% for SPHD. Any UCITS with a decent dividend and price growth you can point me to?
@bdv and @traineeinvestor yes, it's true maybe I am overdiversified, but I see this as a way to reduce risk. With companies you never know what can happen. Take NAB.AX (which I own) recommended buy, but down 16% since September. ABN.AS (also recommended buy) down 43% this year. You just need the US government to declare that the bank is under investigation for money laundering, and the price will drop by 20%. The funny thing is that while there are plenty of banks with over 5% yield, I can't find a financial ETF with with yield above 5%. I think half the dividend paid by banks goes in costs to run the ETF, or disappears somewhere? I guess I am trying to create my own etf in the REITs sector, and in the financial sector. But it's true that the bank fees accumulate and reduce profits.
I actually prefer monthly payments, because I plan to use this as a salary, but it's true that bank charges will accumulate. Thank you for pointing this out.
Any additional comment and advise is obviously very welcome.