A device that incorporates magnetic componentry frictionally engage one or more sheets of paper therebetween is provided. The magnetic componentry of the invention is selected to exert sufficient magnetic force therebetween to retain the paper. The invention includes a magnetic backing member and a ferromagnetic retaining clip rotatably coupled thereto for frictionally engaging paper therebetween. The retaining clip may have an upturned end to facilitate disposing paper between the clip and backing member. The backing member and retaining clip are selected so that the backing member exerts just enough magnet force on the retaining clip to draw the clip against the backing member with enough pressure to retain up to several thin sheets of paper therebetween. The present invention is well suited for one-handed operation thereof.