I have a laughing buddha standing with a bag.. where to place it?

Since your laughing buddha is standing with a bag, it is better not to keep him directly facing the door . This may symbolise that he is taking your wealth and going out ,leaving your home. I ve heared people saying that the laughing buddha and the ship of fortune should be placed as if they seem to be coming in from out. Buddha greets that energy from main gate. So keep it diagonally facing your main door at a height of 30"(app).