Get the best you can afford and move up from there. I'd rather be fishing with a $40 reel than not be fishing. Thank the Lord striper fishing has not crossed the line that bass fishing has with respect to the cost of the gear. And i hope it never does. I have a mixture of Okumas, and Diawa line counters; many of which i purchased 2nd hand from people moving up or out. I caught my biggest striper to date on a Shakespeare reel that we did not bait up until the last hour of a tournament when we started throwing the kitchen sink at them. It was not my reel, but i had deliberately left it on the sidelines until we needed all hands on deck. I learned a long time ago that there is always something better out there, but you have to use what you have.
Buy the best gear you can afford, learn its limitations, and use the heck out of it until it wears out or you can pass it on to someone who will use it and appreciate it more than you do.
The main thing is to get out there on the water!
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Lanier Striped Bass Coalition
Lanier Striper Club
Oakwood Striper Club