The present invention is in the field of fluids and the like comprising magnetic particles, such as ferromagnetic particles, anti-ferromagnetic particles, ferrimagnetic particles, synthetic magnetic particles, paramagnetic particles, superparamagnetic particles, such as magnetic fluids, a method of stabilizing magnetic particles, use of these fluids and functionalized particles. Such fluids have a large variety of applications, such as sealants, as a sensor, in biomedics, etc.