Hey pine.
My recommendation is to buy a good used bow. I have got 3 of my buddies bows from the buy and sell from this site. You can find a high end (for the time) that is 2-4 years old for the price your looking for. You just have to keep an eye out for them. My reason to buy a high end used bow is if you fall in love with archery you will want to upgrade your bow to a higher end bow sooner then later. (my opinion). A 3 year high end bow will shoot better then a low end new bow (my opinion)
That said, spend time at an archery shop and shoot as many bows as you can to get a feel for what you like. once you think you know what you like find a few used bows and do a little research on them.
Also if you have a buddy that knows archery equipment, bring him/her along to look at the used bows. just to make sure your getting a bow in good shape and not a POS.
my .02
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