You just have to keep it away from magnetic storage media like floppy disks and cassettes. It can also mess up a tv or PC screen if it gets too close.
I made the mistake about a year ago by getting a 150 lbs magnet to hold steel while I flat ground it. Now my entire shop and all the tools have metal cuttings stuck to them. Part of the problem is I don't fire up the shop vac as much as I should.
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