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Ho Nycek,

Wonderful idea. Wife and I did the same thing with our twin grandsons now 4 yoa. DRiP investing is the way to go. Check out the Drip Investing-Basics board. At the bottome you find the FAQ for basic information. For sites to find out what requirements are for the various stocks check out www.moneypaper.com and also www.netstockdirect.com. I think you will have no problem finding good companies to set up DRiP accounts with no fees at the $50 level.

Good Luck, Sgtpp

PS. Check out the fools new book, Investing Without a Silver Spoon.
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