Is the Simplicity portfolio still valid?

Hi UKPF,

I've read as much as I think I can of the sidebar and I think I'm ready to make the jump. I have £12-15k I'm willing to invest and I was reading The Escape Artist's Simplicity Portfolio and it appealed to me because it seemed quite sensible.

Vanguard All-World High Dividend Yield ETF (VHYL)

Vanguard FTSE Developed Europe ETF incl UK (VEUR)

Vanguard S&P 500 ETF (VUSA)

Vanguard FTSE Emerging Markets ETF (VFEM)

Reading through, I was willing to take a bit more risk so my split was going to be along the lines of:

VHYL (35%)

VEUR (20%)

VUSA (25%)

VFEM (20%)

Two questions:

1. Is this a silly idea or should I just be putting all my money in Lifestrategy 100%? My longer term goal is to put invest £1000-2000 per month after this lump sum.

2. These ETFs don't seem to have the word 'Accumulation' next to them - does this mean that I have to reinvest the dividends manually?

For some context: I'm 34 - male, work in a pretty good job, but live in London (expensive).

The money is really there to try and start down the path of FI at some point (still a bit unclear, but I thought I'd dip my toe in). This is the first time I'm doing any of this. Please be gentle.

Any advice is appreciated.