Wonder if anyone could give me any advice here.

I am new to Foolish investing. I am dumping my mutual fund accounts and, after the initial investment in the Foolish4, what do some of you do with the regular monthly investments that used to be funnelled into mutual fund accounts? As I'm not talking thousands of dollars on a monthly basis, would it be better to dump it into an index fund and wait to add it to the Foolish4 account after a year and a day wait, buy individual stocks in some of the Obviously Great Companies, or what?

Thanks for any comments!