When you intend to use it only for the position, a cheap 12 channel receiver (most of my colleagues use the Garmin Etrex) will be enough. If bulk is an issue you might consider the Casio GPS watch.
Preparation includes letting someone know where you plan to go and when you should be there. Relying only on the electronic gadgets means taking changes and you might loose.
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If it isnīt broken, it doesnīt have enough features yet.