SPECIAL EDITION: CNBC Task Force for Market Survival

"I am a new home-buyer who received a subprime mortgage, but on the higher end of it, I guess, because I am able to pay my bills and actually have some investment income. I've been closely watching the markets since last Thursday when the Fed first injected liquidity and have watched the volatility and credit worries drastically affect the stock market. I'm ready to invest when the dust settles. How long will this take and how will I know and the real question is where should I put my money?" - A New Investor

David Yarock answers: As a new investor I would advise you to invest with professional money managers who you can access through quality mutual funds.  In this manner you will have diversification and expert management.

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"I'm a retiree who will have to start taking money out of my 403B next year. I have taken a significant hit in the last week and won't have the prospect of any new money coming in. I'm 30% in cash with the rest across a diversified group of mutual funds. What action should I take at this point?" -  M. B.

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"As an active trader, I have already ridden the down fall in materials stocks a tremendous amount. My strategy is to endure the pain the rest of the way and hope for an exciting ride back up. What would you advise?" -  S.S.T.

David Yarock answers: Your strategy sounds very reasonable and I do feel that there will be a nice ride up at some point. Be patient and good luck.

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"We, the average people have our average savings in MONEY MARKETS. Should we be worrying? Do we take our money back (if we can)? If the bank gives us a check, what is it worth? What do we do? - Isabel J.

David Yarock answers: Don't worry. Your Money Market is a safe and conservative investment. It should cause you no concern.

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"I am a 69-year-old woman on Social Security, whose substitute income is monthly interest checks from CDs that I have with various banks throughout the country.  Not knowing how 'safe' my CDs are with other banks that provide high interest rates, I am concerned about a jumbo CD I have with Countrywide FSB since they may not get out of trouble readily. This CD is FDIC-insured, of course, but I cannot afford to have my capital and interest frozen, should a take-over or a buy-out of this bank occur. The CD will mature in mid-September of this year. How safe do you think it is for right now, and what is your advice?" - Andrea R.

David Yarock answers: I think your CD is very safe being that it is insured by the FDIC. I would leave it alone until it matures so you don't incur any penalties.