Thanks for the advice. I love shooting my folding longbow even though it's not really traditional (aluminium riser and all), but it feels much more rewarding than a compound when you actually hit something. I've had several friends get into archery as well and they all got Samick Sages, which seems to be a good bow for the price.
I will stick with my current bow for now and eventually move up to something harder. From what I've seen, it seems to be the longer you shoot the more primitive you end up getting to increase the challenge.