Nothing at all wrong with Squier. They are good guitars and I know of people that play professionally with them. I had one that I gave to my Dad. He gigs with his, too. And it has some of the best action I've ever gotten on a guitar. I did upgrade the pups, but that wasn't really necessary.
What you will want to upgrade asap is you amp. The guitar could last you a life time.
...so ever since then, I always hang on to the buckle.