@Ex-Calif
Fender have / had Chinese factories. So talking of knock-offs may be misleading here.
It's great that you like your bullet.
Most recommendations (depending on max budget constraints) suggest people shoot higher than the bullet range but if you're happy that is all that matters.

Hey - just wanted to close the loop on the Chinese thing - Totally get what you are saying and I "was" specifically referring to Chinese companies making total knock-offs not Fender and I presume others who are manufacturing there.
Pretty simple how I ended up with the Bullet (not my first choice) - I had actually picked a different squier and was gonna buy it for Christmas. Happened to be in a pawn shop and the bullet was there at like US$70 cheaper than new. The owner of the shop was a "guitar guy" and even showed me the 1st owners original receipt. It's less than a year old.
I really wanted Cherry Sunburst(?) but I can live with black - LOL...
I wouldn't drop $600 US on a first electric, because you don't really need to. Affordable guitars are highly playable these days, unlike in the days of yore. The purchases don't just end with the guitar, you'll want an amp, cables, pedals and liquid refreshment. Go for value early and often.
This is kinda how I thought about it. I had never owned a "branded" electric so my thinking went like this.
1 - "cheapest branded entry level electric"
2 - best reviews and feedback on them
3 - Is the guitar in a "style" I like
4 - Are there a number of guys in my "favorite" genre playing a similar design guitar
5 - Do I like the feel of the guitar
6 - Do I like the color and does the guitar "turn me on"
Some of the more experienced guys may forget how overwhelming it is to go to a guitar shop and try out a guitar for a complete newbie. Most of us can't hardly make a sound out of a guitar and then the sales guy starts talking about a lot of specs and stuff that I honestly don't really understand and then there is the risk of being upsold into something unsuitable and too expensive.
I short listed the Squier and Ibanez and only "fondled" those two in the guitar shop. I decided on the Squier.
The bottom line for me is I am totally happy with the guitar, it is the "best" electric guitar I have ever owned and I literally can't put the damn thing down.
If your guitar makes you wanna play 3 hours every day - you picked the right guitar.
TBH - I can afford pretty much anything I want but it would be stupid of me to drop US$2,000+ on a guitar right now. Who knows if I pick the squier up after I pass out of intermediate? I do know I can play it all the way through intermediate.
@Alex - I am totally amazed how many smart guys are on here willing to help out - Listen to them, not me - LOL. I think it's the whole Justin vibe thing. I am sure you'll end up with a good axe...