CARRY IN A RED FLANNEL BAG TO DRAW GOOD LUCK AND MONEY. Legends tell us that Lodestones can bring you luck, love, and also protect you against any form of evil. That is why they should be carried in pairs. One to take away the evil and bad luck, the other one to draw the good luck your way. Lodestones need to be fed once a week with magnetic sand. They can be carried in a red flannel bag, in which other good luck charms can be added.