Another company that will set up accounts for you is
http://www.equiserve.com/ They have a good selection of companies to choose from and some that have no fees at all. Depending on how much you want to invest each month, you may be better off going through a discount broker online and not doing a drip & keeping the shares in street name as some of these companies will charge $5 for each optional cash investment. If you can keep the fees down, you have made a wise choice for a savings vehicle. You can "pay yourself first" and the money is kept away from you so it makes it difficult to go out & spend it. Also it is fun to watch it grow over time which will also keep you from wanting to spend the money! One thing to keep in mind, doing taxes after you sell can be a pain. Make a spreadsheet for each stock with date of purchase, # of shares, & price per share so when you finally do sell the shares it will be easier to separate your short & longterm capital gains. Hope that helps.