I have used the Lisle 55000 Wire Holder for electrical work for many years. I think it's a smart idea. It holds the wires together without moving when soldering and the magnet has enough strength when the wires aren't pulling on it. I have recommended them to many friends who do electrical work. They are great for work under car dashboards or on heavy equipment where wires need to be held in place before soldering. I bought a spare in case I lose mine because once you get used to it it will be difficult to work without it.
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