I have a 3/4" x 1 1/2" piece of oak about 14" long screwed to the bottom of a wooden shelf over my work table and have a large cup hook screwed into each side of the outer end. I have two dremels hanging from those hooks and when out of use I coil the shafts over the hooks and swing the arm out of my way. When needed I swing it out and it gives me plenty of slack in the shaft to work with. Since I found everything in my scrap box the cost was basically nothing. Excepting the dremel tools of course.