[ZAMIRZ]

My friend who's my age, 19, recently inherited $200K from a great uncle he never knew existed that passed away. So far he's "spent" about $20,000 on a vacation, new computer, paying his parents back for stuff he owed them and other miscellaneous stuff. What do you suggest he do with it? Reason I ask is because at the rate he's spending it, the money's gonna be gone in a year, maybe two if he's lucky. Some suggestions I've made to him are to buy a condo and rent it out, down-payment on a house, dump $100K into a roth IRA or mutual fund. Since I know you guys are fairly older (and probably wiser) than us younguns I figured I'd ask and see what you suggest.

regards,

amir