Welcome to the forum and welcome to reloading. Thanks for asking our advice.
My advice: A press, if you are intent on loading more than 50 rounds at a sitting. Knocking brass in and out of those dies with a mallet is noisy, tiring and slow. I have used the kits and have one for each of my calibers. But I don't use them any more. I just keep them on principle. Not sure what principle, but I keep them anyway.
The little kit does turn out fine ammo, though, and fits in a very small space.
If you have a budget of anywhere near $100 or so, you can get into reloading and expand your equipment list as funds permit.
Go get a large mug of coffee, tea, hot chocolate, whatever you keep on hand when you read and think and read through these.
The first one goes against conventional wisdom, but I think, is an interesting approach.
"Budget Beginning bench you will never outgrow for the novice handloader". This was informed by my recent (July 2010) repopulation of my loading bench. It is what I would have done 35 years ago if I had known then what I know now.
http://rugerforum.net/reloading/293...you-will-never-outgrow-novice-handloader.html
The "sticky" thread at the top of TheFiringLine's reloading forum is good, entitled, "For the New Reloader: Equipment Basics -- READ THIS FIRST "
http://thefiringline.com/forums/showthread.php?t=230171
The "sticky" thread at the top of TheHighRoad.com's reloading forum is good, entitled, "For the New Reloader: Thinking about Reloading; Equipment Basics -- READ THIS FIRST"
http://www.thehighroad.org//showthread.php?t=238214
Thread entitled "Newby needs help."
http://thefiringline.com/forums/showthread.php?t=430391
My post 11 is entitled "Here's my reloading setup, which I think you might want to model" November 21, 2010)
My post 13 is "10 Advices for the novice handloader" November 21, 2010)
The first draft of my "10 Advices..." is on page 2 of this thread, about halfway down.
http://www.rugerforum.com/phpBB/viewtopic.php?t=13543
or if the links do not work, paste these into your browser
rugerforum.net/reloading/29385-budget-beginning-bench-you-will-never-outgrow-novice-handloader.html
thefiringline.com/forums/showthread.php?t=230171
thehighroad.org//showthread.php?t=238214
thefiringline.com/forums/showthread.php?t=430391
rugerforum.com/phpBB/viewtopic.php?t=13543
Good luck. Always wear eye protection, especially when working with primers and don't pinch your fingers in your press. Be safe. Always, all ways.