Is a toggle bolt a good choice for anchoring something to my wall?

No, toggle bolts are designed for hanging things from a ceiling, where weight is distributed across the toggle. For a wall, it's best to use one of the newer kinds of plastic anchors. One has a self-drilling head that can be driven either with a screwdriver or a power tool.

Check your state and local codes before starting any project. Follow all safety precautions. Information in this document has been furnished by the North American Retail Hardware Association (NRHA) and associated contributors. Every effort has been made to ensure accuracy and safety. Neither NRHA, any contributor nor the retailer can be held responsible for damages or injuries resulting from the use of the information in this document.