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After several years of living with a cheap all-in one unit, my parents let me pick out a new stereo system at a ~$200 budget as an early graduation gift during my senior year of high school (in 1977). I chose a Pioneer SX-550 receiver and a Pioneer PL-115D turntable with an entry level Empire cartridge. The speakers were some very cheap off-brand to fit the budget, but it completed my first "real" system. Within a year I was able to afford to step up to a pair of Infinity Qe speakers and an Audio Technica cartridge. Shortly thereafter I also bought a Technics cassette deck. Over time, the Infinity's 4ohm load proved too difficult for the Pioneer receiver (it blew the output transistors several times) so a year later I bought a Harman Kardon HK-505 integrated amp and relegated the Pioneer to use as a tuner. This system happily carried me through college and the first few years of my career before jumping into the world of hi-fi in a much bigger way.