Need a good cheap hand-held drill guide (mostly for 90° drilling)

Might be worth the $26 they are asking for it.

Or you could use a drill press. There are many other examples, some better (and some worse) to do what you want.

Make your own jig out of scraps. Edge glue/nail together 2 pieces of 1x2 to form a V. Cut the ends off square. Place your drill bit in the V and hold it against the desired hole location. For angled holes cut the jig end off at the desired angle. Good. Free. Hand held.

Art

Artemus said something like:

I like how you think....I may do just this....I was planning on using a press to cut trusted holes in a block of hardwood of every diameter from dinky to 1/2" to match all my drill bits....like the V thing better.....but....neither idea works well because I lose the depth of the bit, unless I get all new extra long bits.

That sure looks better than the thing I have from Sears. It's a hoseclamp thing that uses an extension bar to find the right angle. And a royal pain in the ass to use. What you've found may be a reasonably cheap alternative to a drill press. Which I should likely just bite the bullet and buy.

I've used this one for years, and I like it. Good, fast, and cheap.

I use that one too, and like it. And if you use twist bits, you can enlarge a smaller diameter hole with a bigger bit, and it'll still be perpendicular to the surface.

JP

Hmmm.....

Since I posted this, it's gone from "in stock" to "out of stock" at sears......perhaps I need to keep such things to myself... :)

It's a few dollars more than the Sears unit but...

...[rip]...

Is that the same manufacturer I wonder?