Third Hand with Magnifying Glass Tool

This tool can get handy when you need something to hold a component while soldering it, hence called the "helping hand."

The arms of the third hand can move by its angle, as well as the body for working comfortably. It has two alligator clip that can hold the wires in place. You could insert a heat-shrink tubing for added grip. And to make it safe from damage as the clips have metal teeth that could damage your material. 

It also has a magnifying glass that is useful for looking at smaller components; resistors, diodes, or transistors.