There are some good perspectives and advice listed above. I agree with those that invest the largest percentage on speakers. You get more for your money by stretching the budget on speakers than the other components, especially digital ones. Try to keep the entire system balanced, as it's counter productive to have a glaring weak link. System synergy is important when trying to get the best sound for your money.
Why buy cheap speakers??
I look at some of the systems on this site they have only the best electronics and sub standard speakers? I was taught to spend 1/3 to 1/2 on speakers and the rest on the entire system. I see $500.00 speakers with $3000.00 transports or turntables. That is such a waist of money. Speakers are the most important part of a system or so I was taught. Am I wrong? Help me out here.Why put $300.00 cables on $300.00speakers makes no sence what so ever.