DEWALT FlexTorq Magnetic Bit Holder, Impact Ready, 2-Inch (DWA2SLVIR) - Drill Bits - Amazon.com

This thing is very nice if you hand things using screws which I do. I got my first one maybe 4 months ago give or take and it finally gave out after daily use 5-6 days a week so I’d say thats pretty good for a $6 bit. I will say to check lowes and see if they have the kit in stock as they are like 12 bucks or so if I recall correctly and you get a decent selection of bits with some being able to use the magnet from this bit. I’ve bought a handful of these to keep on the work truck as they are great!

Magnet is strong hold a screw well. Won't accept a typical Dewalt bit (or any other manufacture that I have), the heads are too large to fit through the sleeve. That said if you need a number 2 Philips to hold screws overhead this works great.