Hello four12, you need to create those folders with the Virtual Infrastructure Client - we do not provide capability to do this from Monitor UI since this is VI management task. Most of our customers choose to run Monitor with read-only privileges on VI, so in most cases it would be simply impossible for Monitor to perform this task. Thank you.
P.S. I don't usually respond that fast to forum posts - I just happened to be logged onto the forum both when you asked your question yesterday, and today. Just did not want you to get wrong impression on my typical response time