Rio Tinto Ltd (ASX: RIO), Fortescue Ltd (ASX: FMG) and BHP Group Ltd (ASX: BHP) shares all underperformed the benchmark index in June.

Over the month just past, the S&P/ASX 200 Index (ASX: XJO) gained 0.5%.

But, after a strong run higher in May, all three of the ASX 200 mining giants lost ground in June.

BHP shares closed on 29 May trading for $62.31. When the closing bell sounded on 30 June, shares were changing hands for $59.40 apiece, down 4.7% over the month.

Fortescue shares fared just a bit better. The Fortescue share price ended May at $22.31 and closed out June at $19.15, putting the ASX 200 miner down 4.2% in June.

And Rio Tinto shares trailed the pack. Shares closed out May at $185.63 and finished June at $172.51 each. This saw the Rio Tinto share price down 7.1% in June.

Why did BHP shares and the other ASX 200 miners go backwards in June?

First, it’s important to note that shares in all three of the big Aussie miners remain well up over the past 12 months.

Despite June’s retrace, BHP shares were recently up around 60% over 12 months, while Fortescue shares have gained 19% and Rio Tinto shares have jumped 57%. And none of these figures include the two dividends these companies paid out to eligible stockholders over this time.

As for June’s pressure, a lot of that was driven by a retrace in the miners’ core revenue earning commodities.

On 29 May, for example, iron ore was trading for US$108 per tonne. By 30 June, the iron ore price had slipped to US$100 per tonne.

Copper prices also slid in June. On 1 June the red metal was fetching US$13,832. By 30 June the copper price had fallen to US$13,375 per tonne, according to data from Bloomberg.

What else happened with the ASX 200 mining giant in June?

There was little fresh news out from the Aussie mining giants in June.

The month did mark Mike Henry’s last one as BHP’s CEO, with Brandon Craig stepping into the top job on 1 July.

And BHP shares did tumble 5.6% on 19 June after the miner reported on higher-than-expected costs at its Jansen Stage 2 potash project, located in Canada.

Investors were favouring their sell buttons after BHP revealed that its full investment estimate for Stage 2 had increased to US$6.9 billion, up from the prior forecast of US$4.9 billion.

First potash production from Stage 2 was also pushed back two years to FY 2031.

The post How Rio Tinto, Fortescue and BHP shares stacked up in June appeared first on The Motley Fool Australia.

More reading

• How much do I need in superannuation to receive $5,500 per month in passive income?
• 6 ASX 200 large-cap shares that rose 60% to 275% in FY26
• Is it smart to invest $5,000 into BHP shares?
• The ASX 200 sector that outperformed the benchmark 7 to 1 in FY26. Can it keep delivering?
• How to get started with a portfolio delivering $500 a week in passive income

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Investing your superannuation to generate passive income in the future is a sensible strategy, especially if your goal is to build wealth for retirement.

By investing today, you can benefit from low tax rates, compounding, and eventually a tax-free passive income once you transition to the pension phase.

But how much do you actually need in your super to be able to get the passive income you want when the retirement years hit?

Let’s break it down, using $5,500 per month as an example.

How much do I need in superannuation to get $5,500 of monthly passive income?

If you want to earn $5,500 in passive income every month from your superannuation, that equates to $66,000 per year in dividend payments.

There is an easy way to work out the superannuation balance you’d need to get that level of income. Simply divide your annual passive income by the dividend yield.

But the tricky part is that the answer varies widely depending on your portfolio’s dividend yield.

For example, a portfolio with a dividend yield of around 6% only needs to be half the size of one with a dividend yield of around 3% to generate the same level of passive income. 

Let’s break it down further.

If your overall portfolio has a dividend yield of around 3%, you’ll need a balance of around $2.2 million to earn $66,000 per year in passive income.

A $2 million-plus portfolio isn’t achievable for many Australian investors, but the good news is that, as the dividend yield of your portfolio increases, the superannuation balance needed to earn the same passive income decreases.

For example, if the yield of your portfolio is around 5%, your balance would need to be closer to $1.3 million, to earn the same dividend income.

Increase that to a 6% or 7% dividend yield and you’re looking at closer to $1.1 million or $943,000. You’d still earn $66,000 per year in passive income of these portfolio sizes.

Can’t I just invest in shares with the highest yield to get the biggest returns?

It’s a tempting idea, but it doesn’t make good investment sense.

Generally, the higher the yield, the higher the risk associated with that ASX stock.

Rather than trying to get rich quickly, investors should concentrate on good-quality businesses with strong balance sheets and stable earnings. These stocks are most likely to stand the test of time and while also building wealth.

The key is diversity, consistency and lots of patience. 

And remember, you don’t need to invest the whole sum in one go. Start with a monthly investment and let compound growth do some of the hard work for you.

Ok, so what ASX shares can I buy with dividend yields around 3-7%?

There is a huge range of options, but here are a few of my favourite ASX dividend shares to get you started.

ASX dividend-paying shares such as large cap companies like Commonwealth Bank of Australia (ASX: CBA) or mining giant BHP Group Ltd (ASX: BHP) pay their shareholders a 3-4% dividend yield. As does CSL Ltd (ASX: CLS) and Telstra Group Ltd (ASX: TLS) .

For a mid-range yielding ASX dividend option, I’d look at defensive stocks like Transurban Group (ASX: TCL), APA Group Ltd (ASX: APA), or ASX miner Fortescue Ltd (ASX: FMG), which pay a dividend of 4-6%.

For a higher 7% dividend yield, or even above, I’d look at dividend-payers like Shaver Shop Group Ltd (ASX: SSG), Charter Hall Long Wale REIT (ASX: CLW) or even IPH Ltd (ASX: IPH).

The post How much do I need in superannuation to receive $5,500 per month in passive income? appeared first on The Motley Fool Australia.

More reading

• How Rio Tinto, Fortescue and BHP shares stacked up in June
• 6 ASX 200 large-cap shares that rose 60% to 275% in FY26
• Is it smart to invest $5,000 into BHP shares?
• The ASX 200 sector that outperformed the benchmark 7 to 1 in FY26. Can it keep delivering?
• Should I buy, hold, or sell CBA shares in July?

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Transurban Group. The Motley Fool Australia has positions in and has recommended Apa Group, Telstra Group, and Transurban Group. The Motley Fool Australia has recommended BHP Group, CSL, IPH Ltd , and Shaver Shop Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

A new financial year is here, so what better time to consider making some new additions to your portfolio.

Listed below are ten ASX shares that I think could be worth buying in FY 2027.

Breville Group Ltd (ASX: BRG)

The first ASX share to consider is Breville, which sells premium kitchen appliances across global markets.

Its coffee machines, cooking products, and food preparation appliances have turned everyday household routines into a strong brand-led growth story. International expansion gives the company a long growth runway.

Goodman Group (ASX: GMG)

Goodman owns and develops industrial property across key global markets.

Its assets are used for logistics, warehousing, ecommerce, and data infrastructure. Demand for well-located industrial space remains strong, and Goodman’s data centre development pipeline gives it room to keep creating value.

Macquarie Group Ltd (ASX: MQG)

Macquarie gives investors exposure to global asset management, commodities, markets, banking, and infrastructure-related finance.

Its earnings can move around from year to year, but this ASX share has a strong record of finding opportunities across market cycles.

Megaport Ltd (ASX: MP1)

Megaport provides flexible digital infrastructure through cloud connectivity and its move into compute.

Its Latitude.sh acquisition has broadened the story beyond network-as-a-service. Contract wins in this newer area suggest the ASX share could be building a larger opportunity.

Netwealth Group Ltd (ASX: NWL)

Netwealth operates an investment platform used by financial advisers and wealth professionals.

It has benefited from demand for better technology, reporting, and administration in wealth management. Australia’s growing retirement savings pool gives the business a powerful long-term tailwind.

Pro Medicus Ltd (ASX: PME)

Another ASX share to consider is Pro Medicus. It develops medical imaging software for hospitals and radiology groups.

Pro Medicus’ Visage platform helps clinicians handle large imaging files quickly across complex healthcare networks. Major contract wins in the United States show the strength of its product and long-term opportunity.

ResMed Inc (ASX: RMD)

ResMed is a global leader in sleep apnoea treatment and connected respiratory care.

Its devices, masks, software, and support services help patients manage long-term breathing conditions. With many sufferers still undiagnosed, the company has a large market opportunity ahead.

TechnologyOne Ltd (ASX: TNE)

TechnologyOne provides enterprise software for governments, universities, and large organisations.

Its software is used for finance, payroll, planning, and administration. The shift to software-as-a-service has strengthened its annual recurring revenue base and could support many more years of growth.

Wesfarmers Ltd (ASX: WES)

Wesfarmers owns a collection of high-quality businesses, including Bunnings, Kmart, Officeworks, and industrial operations.

The company has a long record of disciplined capital allocation. That mix of retail strength, portfolio flexibility, and management quality makes it a dependable blue-chip candidate.

Xero Ltd (ASX: XRO)

Finally, Xero could be an ASX share to buy in FY 2027. It provides cloud accounting software for small businesses and advisers.

The company’s platform helps with invoicing, payroll, bank feeds, reporting, and compliance. The company could keep growing as small businesses move more of their financial admin into digital systems.

The post 10 of the best ASX shares to buy in FY 2027 appeared first on The Motley Fool Australia.

More reading

• Why this ASX 200 share could deliver a 40% return
• 5 things to watch on the ASX 200 on Friday
• CSL shares are up 25%: is it time to buy, hold or sell?
• This is the ASX bank stock I would buy today for franked dividend income
• Up more than 550% in a year, why is this ASX biotech charging even higher?

Motley Fool contributor James Mickleboro has positions in Goodman Group, Megaport, Pro Medicus, ResMed, Technology One, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group, Macquarie Group, Megaport, Netwealth Group, ResMed, Technology One, Wesfarmers, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended Netwealth Group, ResMed, and Xero. The Motley Fool Australia has recommended Goodman Group, Macquarie Group, Pro Medicus, Technology One, and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.