Thanks for runs last night with Fularu and KMD, and Soth from the day before.
I think you did fairly well.
By having a few million in holding and burning a hole in the pocket, I did the same fundamental thing as you have recently and I'm pretty pleased with the results.
My recommendation to you is get a Nat's ring with CC. I recently obtained a Witching Hour with AR and Lightning resist, and I transfer that, my Nat's ring, and my Inna's pants between my Wizard and Monk. A Nat's CC ring will be just as useful between your Monk and DH. 3CC rings are between 50M/100M now and dropping, and the set bonus from just the ring and boots is worth the price. I spent 140M on my ring weeks ago and don't regret it at all. It's probably the most essential single item that I currently have.
My weapons were found, and everything else cost less than 2M. When equipped, my Monk is at 81K DPS and 46K life. With the high CC, Deadly Reach and Cyclone proc great, and using Transcendence and Exalted Soul means that you have a high fuel tank to burn up and get life back for doing so. Spam Cyclone Strike every now and then if your Spirit is full and between that and LOH/LS, he can actually tank pretty decently.
The best followers are other players.