I concur with Warren Buffett's view that for most small investors who don't have time to research individual companies, low-cost index funds are the best way to invest in the stock market.
It is the recommended approach for beginners. Index funds mimics the stock market index they are tracking. A stock market index comprises of the major companies of a particular country. Once profits are made from index funds, the investor can use part of the profits to progress on to invest in individual companies. Investing in a basket of big companies of a country is safer than investing in 1 or a few companies.
The way forward for me is low-cost stock market index fund instead of a defensive stock counter. The more financial crisis ocurring the better - more opportunties.