My favourite dividend ETF is VWRA, even though it is an accumulating ETF rather than a high-yield one. I prefer focusing on long-term total returns and letting dividends be reinvested automatically. If I were building an income portfolio, I would target an overall yield of around 3.5% to 4.5%, balancing sustainable income with dividend growth. My biggest challenge is avoiding yield traps, where a high dividend ends up being cut because the underlying business is weakening.

For a SGD 1 million income portfolio, I'd allocate 40% to global dividend ETFs, 30% to Singapore REITs, 20% to Singapore blue-chip dividend stocks (such as the local banks), and 10% to cash or short-term bonds. The goal would be diversification, resilient cash flow, and room for long-term capital appreciation rather than simply chasing the highest yield.