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I would recommend an LCR meter, you'll eventually want to know what the inductance of coil is, what the capacitance of a cap is and of course, what the resistance is, plus you'll have currents, voltages, hfe and maybe even temperature.
Google "lcr meter" in electrical & test equip, and click shopping, and limit the price to above 25 to get rid of a bunch off the junk
Jeff
No!!!If you sight isnt great ian better lay off that JD.
On a side note there was a test of DMM and it was like 20 from $18 to $200 in price and 15 of them had the same chip in them to take the reading and th last five where almost the same as far as hardware goes And using them to test they all did about the same on volts and ohm the biggest difference was in the LCD. Better one had better LCD's clear reading. But what the heck I can look strait at the lcd and still hold the leads LOL