Tool bit wrist caddy

Abstract

A holding device that attaches directly to ones wrist, allowing the user of an electric or cordless drill to store the drill paraphernalia needed for a particular job on his or her wrist where it can be easily accessed.

1 . A holding device for storing drill bits or drill accessories upon ones wrist, comprising: 
 (a) an adjustable circular strap containing magnets consisting of an elastic portion and a VELCRO fastening device to fasten one end of said strap to another portion of said strap;    (b) A containment area within the device to conceal magnetic strips from one end of the device to the other.    
   
   
       2 . A holding device as in  claim 1 , wherein the means to connect the one end of said strap to another portion of said strap is elastic;  
   
   
       3 . A holding device as in  claim 1 , wherein the fastening device is VELCRO.