Real estate is probably one of the better ways to go. Buy a small place in a hot area. Live there (or not) and take the tax deduction. The key word is discipline. It seems like you have more than him, since you asked.
They say that people who win millions in the lotter usually blow it all in a couple of years. I saw thid redneck from WV or somewhere who won millions on the Today show many months back.
He moved to Florida and "discovered" all these interests he never knew he had. Like swords (he had a ****load of them) and man jewelry (he had a ****load of that). It was pretty sad too. His place cleared screamed I just got a bunch of money and don't know what the hell to do with it.
Your friend has enjoyed some. That's good. Now tell him to make some smart choices, and give some to you for starters (for being concerned

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Rosewood 1983 911 SC Targa | Black 1990 944 S2 | White 1980 BMW R65 | Past: Crystal 1986 944 na
Guards Red is for the Unoriginal