<<Off Topic>> Richard, it's well said about our difference in opinion. We are in agreement on most of the points you stated. The only ones I may disagree are,
+ The higher the risk, the higher the reward will be (Junk bonds have higher yield);
+ The goal for a educational trust fund is growth, unless you have put $1,000,000 to begin with, which most people don't. In order to grow nicely, you have to get a little aggresive sometimes. But the agressiveness has to be balanced with divesification, some certainty,etc. You may put part of your portfolio in bonds in addition to Depo or the type of "risky" stock.
In summary, our arguments is whether some person should buy Depo in his relative's educational trust fund. To be frankly, none of us can anser that question in a definite manner. But if it's for me, I would.
Good luck with Depo (me too)
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