Full speed, no steering

[O'Bazooka]

I'm currently setting up the foundation for my portfolio and have been spending a lot of time pondering on what I would like it to look like when "ready". I realize now is maybe not the best time to start and also that I'm probably drawn to DGI partly because of the historical success and the ongoing bull market. I still believe it's not too late to get in (at least for long term outcome), and will certainly not go all-in with the current price level. I already mentioned in the introducing section that I've been investing for a while and this "start" is more of a change in strategy.

My time horizon is long (+20 years) and the goal is that in 10-15 years the portfolio could in theory support me (if harvesting capital gains in addition to dividends), and that in 20-30 years I'd be able to actually live entirely on the dividend income.

I'm inclined to creating a slightly concentrated portfolio, with the final number of stock around 30, max 40. I've come up with the following list of 30 companies, which at this point feel to me as the best bets (half of them champs, 5 non-US companies):

KO
UL
PEP
PG
MCD
DEO
GPC
NSRGY
WBA
TGT
NKE
SBUX

MMM
XOM
ECL
UPS
RDS
WTR

JNJ
CVS
GSK
ABT

V
TROW
HCN
AFL

T
VZ
CSCO
QCOM

I'd like some comments concerning the list. Are there some companies you would absolutely not buy, even at a fair price? Would you replace some stock with a similar business (forgetting current prices)? I haven't done a full analysis on all of them, and I expect to still come up with better choices for some spots. If had for example a portfolio consisting of exactly these 30 names, I would probably look for some new additions one by one, if I felt it would be a business I wanted to own. What I don't want to own (for personal reasons) are any defense companies, despite my username, tobacco companies and banks. Some names I like that almost fit in are WMT, CL, MA, O, BDX, NEE, DUK, SO.

I have done my very first DG purchases, and the portfolio now is

KO
TGT
DIS (bought last Friday)
TROW

I still have more than enough cash to initiate new positions, but I'm content on waiting for better prices to first build the core with the best names. I think today CVS looks attractive ($85 could make me buy), but I'm also watching if JNJ and T would pull back on price to 3% and 5% yields. Also RDS looks cheap, another thing is sustainability of the dividend (which I still believe is safe).

Thank you for reading this too long post, it feels the more I write the more I have to say    This pretty much sums up what I've come up this far from reading a lot about DGI, hope to get opinions on my plan and further advice here!