Spending a month's salary

Your question is which first… definitely speakers.

@hoosierinohio …”audition…”

+1

You want speakers that really appeal to your emotions.

In the long run speakers typically will be between 30 - 35% of system… but no set rule. Most of us do this over a long time. once you have speakers you want to break them in and know what they sound like before upgrading the rest of your system. So, get a few hundred hours under your belt before considering the rest.

All electronic components are equally important. If carefully chosen then Streamer = DAC = Preamp = amp in cost. Don’t think the streamer does not make a Hugh difference… it does. 

So, your interconnects are great until all else is done… and you are recovering from the major purchases. Choosing wires are best done after everything is broken in and you completely understand what your system sounds like.

Be not in a hurry. I remember early in my audiophile days, wondering around listening to speakers for weeks, they all sounded fine. Then a tear rolled down my cheek on one set of speakers… I had them for about ten years. Great choice for me.

@blisshifi

Juan, I watched the T+A DAC 200 video. First, one of my favorite YouTube reviewers that I trust. Second, owning the Holo DAC May KTE and absolutely loving the Holo, I was stunned to hear that the T+A was much better. You told me this in private communications, so what was different was the excitement conveyed in the video.  Of course, there is always some give and take in doing comparisons as well as system synergy and personal taste.

+1 on the auditions recommendations. $20K is nothing to sneeze at and you want to spend it wisely. Seek out a local high end dealer, if possible, and try to catch some audio shows if you can. 

Take your time. Don't make the mistake of rushing into this as you'll spend more time stuck with something that doesn't sound right to your ears in your room, trying to reverse engineer a mistake that'll be nigh impossible to remedy as there's so many variables involved.

That, and you'll end up coming back to taking advice from a forum who know nothing of your room, taste and ears. We all mean well but nothing supplants your own experience as your tastes and ears will evolve the more you listen.

All the best,
Nonoise

$20,000 a month’s salary……buy what you want, you’ve earned it. 

netting 20K a month puts you somewhere in the 36th percentile of all of the active  audiogon users...

Oh, sorry what was the question?