Get an older used bow like a bear whitetail or something of that style with wheels not cams. You can probably find one for less than $200. Get a saltwater Zebco 808 and a reel seat at Academy and thats only another $50 bucks. Spend the rest of the money on gas for the boat. If you can find a Martin Rebel Recurve that is another good option. The rebel is now around 400 new so you could still go that way and stay under $500 with the reel seat and 808. If you really want a ams reel I have one i will sell you cheap just pm me, but if you are planning on shooting a bunch of fish it doesn't keep up with the Zebco.