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Best way to make our money earn

We are a family with 4 children we have got £25k at our disposal and want to buy a narrowboat in about a years time and we need the £25k to grow to its maximum potential hopefully to £40k we will also be able to save approx £5000 as well over the next year, any advice on the best way to do it would be greatly appreciated.:smileyhea :confused:

Comments

  • 60% in a year... have you considered gun-running?
  • Hi debrsl and welcome to the site :).

    How much of your £25K are you prepared to risk losing?

    0%
    20%?
    50%?
    100%?

    As Martyn hints, it may be that you have unrealistic expectations that you will have to scale back - maybe postponing the purchase for a year or two?

    What is the minimum price for a suitable narrowboat?

    How is the narrowboat market currently behaving? Is it similar to housing?
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