Pete, I'm pretty cheap when it comes to my fishing equipment. My tackle selection is minimal. And, I'm hard on my stuff. I've gone through four President reels..each lasting two to three years before developing problems. Now, I've been using Mitchell 308s for a couple of years and no problems at all. They're cheaper than a President. I also love my Berkley Lightning Rods. I use 6'6 medium power rods for just about everything. From trout, to bass, walleyes, crappies, cats and pike. I think they work great. I do have a heavier rod for swim baits, but seldom use it.
$39 bucks for a Lightning rod and $49 for a 308..IMO $88 bucks well spent.