That $100K scares me. Murphy and Rocketman have provided the best advice I can think of. I've provided the same advice to those smitten with flying and want to buy a plane. Many go out and buy what they don't need---because they have the money in their pockets. Hampton, tell your friend to lock up solidly his money for a couple years, read, read, read, participate in this forum, hang out with those who know their stuff and not let others do his thinking for him.