If you shop carefully for a USED press and USED dies, yes, it would be VERY cost effective. It is almost impossible to wear out the equipment unless you are loading commercially (40 hrs a week)
If you have not already been into reloading, your first buy should be a copy of "The ABCs of Reloading"- check Amazon for used copy.
You will need a press, shell holders, dies, and a priming setup, and a scale.
For REAL cheap, find a Lee handloader. Small box with everything in it except a plastic mallet used to drive cases into the dies. They typically sell for about half the cost of box of .32 Long. Much slower, but will load cartridges.
What we have here is... failure- to communicate.