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I have heard that placing a Laughing Buddha in the house brings good luck. I have also heard that it should not be bought. Someone should gift it to you. How true is this? Also, let me know where should the Laughing Buddha be kept? Should it be worshipped? Laughing Buddha is known as Hotei among the Chinese and is considered very auspicious. It is usually placed facing the door. His large protruding belly is symbolic of happiness, luck and prosperity. It is believed that if a person rubs his belly it brings good luck.
Often, one single feng shui coin is placed below the statue. There are many instances of good things happening to the people who bring Laughing Buddha home.
It is not necessary to get it as a gift. You can buy it also.