later and maybe use it 2014 or 2015. The retention they offer is like nothing else. I work low voltage and there have been times when I've J-hooked while standing on a no-go step on a ladder with my 8" extension, that job wouldn't get done in the same day without this bit holder would have been; I've never seen another that can drive a bolt with a 2" J hook dangling from it while moving at arm's length and not falling off. Many people have been amazed at how these things hold up at work. Usually putting a 2 or 3 inch screw on the end of a screw and trying to shrug it off while spinning the punch at full speed leads to wide eyes lol. It's not without limits. It's not for a device or any kind of great work. The magnet is a snap to remove, but if you're working in tight spaces or with fragile items, leave it in your tool box. However, if you need to work at a non-standard angle or with a hanging load without a fastener, this is the strongest holder I've seen.
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